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The usage, costs and benefits of cash - revisited : International Cash Conference 2014

2014 - Stand: Dezember 2014

Persistent link: https://www.econbiz.de/10011378830

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

The monetary transmission process : recent developments and lessons for Europe

2001 - 1. publ.

Persistent link: https://www.econbiz.de/10001490767

Towards an explanation of cross-country asymmetries in monetary transmission

Georgiadis, Georgios - Deutsche Bundesbank - 2012

-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained … find that up to 70% (50%) of the cross-country asymmetries in the responses of output (prices) to a monetary policy shock …

Persistent link: https://www.econbiz.de/10010957093

Firm Investment and Monetary Policy Transmission in the Euro Area

von Kalckreuth, Ulf; Hernando, Ignacio; Generale, Andrea; … - Deutsche Bundesbank - 2001

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing over 215,000 observations from 1985 to 1999, we explore...

Persistent link: https://www.econbiz.de/10005083126

Monetary Transmission in the New Economy: Service Life of Capital, Transmission Channels and the Speed of Adjustment

von Kalckreuth, Ulf; Schröder, Jürgen - Deutsche Bundesbank - 2002

This paper evaluates the consequences of accelerated technical progress for monetary transmission and the speed of adjustment in the real economy. With a decreasing service life, the long term rate relevant to real demand will resemble more closely the money market rate. We make the investment...

Persistent link: https://www.econbiz.de/10005083252

Monetary transmission in Germany: New Perspectives on Financial Constraints and Investment Spending

von Kalckreuth, Ulf - Deutsche Bundesbank - 2001

In order to obtain a better understanding of monetary transmission, this paper assesses the importance of the interest rate and credit channels on business fixed investment in the German manufacturing sector. Our panel of financial statements contains 44,345 observations for 6,408 firms. We...

Persistent link: https://www.econbiz.de/10005083294

Towards an explanation of cross-country asymmetries in monetary transmission

Georgiadis, Georgios - Deutsche Bundesbank - 2012

Persistent link: https://www.econbiz.de/10010535439

Classical time-varying FAVAR models - estimation, forecasting and structural analysis

Eickmeier, Sandra; Lemke, Wolfgang; Marcellino, Massimiliano - Deutsche Bundesbank - 2011

the factor dynamics, and more marked variation in the factors' shock volatility and their loading parameters. Forecasts … of monetary policy shocks, and we observe that the reaction of GDP, the GDP deflator, inflation expectations and long …-term interest rates to an equally-sized monetary policy shock has decreased since the early-1980s. …

Persistent link: https://www.econbiz.de/10009493746

Monetary policy and the oil futures market

Eickmeier, Sandra; Lombardi, Marco J. - Deutsche Bundesbank - 2012

We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial...

Persistent link: https://www.econbiz.de/10010957148