Showing 1 - 10 of 105
This paper assesses the relevance of national information in estimating the demand for euro-area M3 from three perspectives. First, we check whether aggregating national money demands is appropriate. Second, we compare time-series and panel methods to estimate aggregate long-run coefficients....
Persistent link: https://www.econbiz.de/10005609347
The process of European monetary integration has prompted interest in the study of differences in financial systems and their consequences for monetary transmission mechanisms. This paper analyses the case of a monetary union composed of countries with heterogeneous "credit channels". In order...
Persistent link: https://www.econbiz.de/10005467303
institutions relative to the new rules on capital and liquidity. The exercise paints a picture of broad compliance with the … prudential targets, although some elements warrant greater attention. On the one hand, although the banks� capital endowment is …
Persistent link: https://www.econbiz.de/10011100363
regulatory capital and risk-weighted assets and assessing their positioning with respect to future leverage and liquidity … June 2012, show that capital and liquidity positions relatively to the Basel 3 targets have improved considerably over the … interpreted as a forecast of capital and liquidity needs as they do not incorporate any assumption about future balance …
Persistent link: https://www.econbiz.de/10011100377
The paper analyses the sharp devergence in the nineties between capital formation in the main euro-area countries, on … and service sectors on capital stock, investment and value added. Our econometric estimates of an investment fonction … that links the growth of capital stock to value added for both the euro-area countries and the Anglo-Saxon countries. This …
Persistent link: https://www.econbiz.de/10005671398
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking … of the Italian banking system. For large internationally active intermediaries the capital requirements, calculated with … the advanced methodologies, decrease with respect to the current regime; for medium-sized banks the capital requirements …
Persistent link: https://www.econbiz.de/10005113685
This paper presents the new yearly series of the value-added of services for Italy, from 1861 to 1951, at current … strongly, which may lead to a more favourable evaluation of the contribution of services to the industrialization of the … heavy underestimation of services found in the early series for 1951. …
Persistent link: https://www.econbiz.de/10011123651
Persistent link: https://www.econbiz.de/10000888017
Persistent link: https://www.econbiz.de/10000860282