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Optimal monetary policy, asset purchases, and credit market frictions : N°1738, October 2014
Schabert, Andreas (contributor) - European Central Bank - 2014
This paper examines how credit market frictions affect optimal monetary policy and if there is a role for central bank … borrow/lend among each other. The credit market is distorted as borrowing is constrained by available collateral. We show … stabilizing prices when only a single instrument is available. The central bank can however mitigate the credit market distortion …
Persistent link: https://www.econbiz.de/10015301970
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Credit market disequilibrium in Greece (2003-2011) : a Bayesian approach
Vouldis, Angelos T. (contributor) - European Central Bank - 2015
Motivated by the linkage between credit and growth in the Greek economy, and the deceleration of credit since the financial crisis, this paper studies the evolution of credit demand and supply in Greece. A disequilibrium model of demand and supply is estimated spanning the period 2003M1-2011M3....
Persistent link: https://www.econbiz.de/10015298940
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STAMP€ : stress-test analytics for macroprudential purposes in the euro area
Dees, Stéphane (contributor); Henry, Jérôme (contributor) - European Central Bank - 2017
This European Central Bank (ECB) publication - Stress Test Analytics for Macroprudential Purposes in the euro area (STAMP€) - offers a suite of analytical tools for those interested in stress-testing frameworks and has been developed by ECB staff over the past few years.
Persistent link: https://www.econbiz.de/10015289808
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ECB legal conference 2015 : from monetary union to banking union, on the way to capital markets union : new opportunities for European integration : 1-2 September 2015
European Central Bank - 2015
This book is a collection of the proceedings of the ECB Legal Conference "From Monetary Union to Banking Union, on the way to Capital Markets Union: new opportunities for European integration", hosted by the European Central Bank on 1 and 2 September 2015. One of the main objectives of this...
Persistent link: https://www.econbiz.de/10015296462
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Payments and monetary and financial stability : ECB-Bank of England conference, 12-13 november 2007
European Central Bank - 2008
Persistent link: https://www.econbiz.de/10015313475
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Stablecoins, money market funds and monetary policy
Aldasoro, Iñaki (contributor); Cornelli, Giulio (contributor) - European Central Bank - 2024
Using a new series of crypto shocks, we document that money market funds' (MMF) assets under management, and … traditional financial market variables more broadly, do not react to crypto shocks, whereas stablecoin market capitalization does … reaction of MMF assets and stablecoin market capitalization to monetary policy shocks is different: while prime-MMF assets rise …
Persistent link: https://www.econbiz.de/10015321278
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The side effects of national financial sector policies : framing the debate on financial protectionism
Beck, Roland (contributor); Beirne, John (contributor);  … - European Central Bank - 2015
The decrease of financial integration both at the global and European level reflects, to a certain extent, a market …
Persistent link: https://www.econbiz.de/10015297785
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Financial stress and economic dynamics : the transmission of crises; N°1728, September 2014
Hubrich, Kirstin (contributor); Tetlow, Robert (contributor) - European Central Bank - 2014
A financial stress index for the United States is introduced -an index that was used in real time by the staff of the Federal Reserve Board to monitor the financial crisis of 2008-9 and the interaction with real activity, inflation and monetary policy is demonstrated using a richly parameterized...
Persistent link: https://www.econbiz.de/10015301898
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The euro area bank lending survey : Fourth quarter, October 2024
European Central Bank - 2024
In the ECB's Survey of Professional Forecasters (SPF) for the fourth quarter of 2024, expectations for headline HICP inflation were largely unchanged from the previous survey (conducted in the third quarter of 2024), although expectations for 2025 were revised downwards slightly. Headline...
Persistent link: https://www.econbiz.de/10015320913
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The euro area bank lending survey : Fourth quarter, October 2024
European Central Bank - 2024
In the ECB's Survey of Professional Forecasters (SPF) for the fourth quarter of 2024, expectations for headline HICP inflation were largely unchanged from the previous survey (conducted in the third quarter of 2024), although expectations for 2025 were revised downwards slightly. Headline...
Persistent link: https://www.econbiz.de/10015320914