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(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrzańska, Anna; Gros, Daniel; Smaga, Pawel - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011575977

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrza´nska, Anna; Gros, Daniel; Smaga, … - 2016

Persistent link: https://www.econbiz.de/10011446695

Did interest rates at the zero lower bound affect lending of commercial banks? : evidence for the euro area

Belke, Ansgar; Dreger, Christian - 2019

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …

Persistent link: https://www.econbiz.de/10012063954

Finance access of SMEs : what role for the ECB?

Belke, Ansgar - 2013

Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … Bank. …Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem …

Persistent link: https://www.econbiz.de/10009779172

Finance access of SMEs : what role for the ECB?

Belke, Ansgar - 2013

Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … Bank. …

Persistent link: https://www.econbiz.de/10010255130

Driven by the markets? : ECB sovereign bond purchases and the securities markets programme

Belke, Ansgar - 2010

addresses how effective these sterilisation policies are. -- Accountability ; bail-out ; bond purchases ; central bank …After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to …

Persistent link: https://www.econbiz.de/10008933298

Driven by the markets? : ECB sovereign bond purchases and the securities market programme

Belke, Ansgar - 2010

After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to … assets as collateral and by outright purchases in the central bank balance sheet artificially keeps the asset prices up and … should deal primarily with the asset side of the ECB balance sheet. [...] -- Accountability ; bail-out ; bond purchases …

Persistent link: https://www.econbiz.de/10009261344

Driven by the markets? : ECB sovereign bond purchases and the securities markets programme

Belke, Ansgar - 2010

Persistent link: https://www.econbiz.de/10010208777

How much fiscal backing must the ECB have? : the euro area is not the Philippines

Belke, Ansgar - 2010

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led some commentators to argue that the ECB needs "fiscal...

Persistent link: https://www.econbiz.de/10010208780

The importance of global shocks for national policy makers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...

Persistent link: https://www.econbiz.de/10003884937