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Effectiveness and transmission of the ECB’s balance sheet policies
Boeckx, Jef; Dossche, Maarten; Peersman, Gert - Nationale Bank van België/Banque national de Belqique (BNB) - 2014
We estimate the effects of exogenous innovations to the balance sheet of the ECB since the start of the financial crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial markets, and has a positive impact on economic activity...
Persistent link: https://www.econbiz.de/10011272752
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Financial systems and the role of banks in monetary policy transmission in the euro area
Sevestre, Patrick; Martinez-Pages, Jorge; Gambacorta, … - Deutsche Bundesbank - 2001
ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …
Persistent link: https://www.econbiz.de/10005083236
Cover Image
Effectiveness and transmission of the ECB’s balance sheet policies
Boeckx, Jef; Dossche, Maarten; Peersman, Gert - Nationale Bank van België/Banque national de Belqique (BNB) - 2014
We estimate the effects of exogenous innovations to the balance sheet of the ECB since the start of the financial crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial markets, and has a positive impact on economic activity...
Persistent link: https://www.econbiz.de/10011105284