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Asset price misalignments and the role of money and credit
Gerdesmeier, Dieter; Reimers, Hans-Eggert; Roffia, Barbara - European Central Bank - 2009
This paper contributes to the literature on the properties of money and creditindicators for detecting asset price misalignments. After a review of the evidence inthe literature on this issue, the paper discusses the approaches that can be consideredto detect asset price busts. Considering a...
Persistent link: https://www.econbiz.de/10005866513
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The bank lending survey for the euro area
Berg, Jesper; Ferrando, Annalisa; Bondt, Gabe de; … - European Central Bank - 2005
This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further clarifies why the survey was introduced. Furthermore,...
Persistent link: https://www.econbiz.de/10005530667
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optimal monetary Policy in a new keynesian model with habits in consumption
Leith, Campbell; Moldovan, Ioana; Rossi, Raffaele - European Central Bank - 2009
While consumption habits have been utilised as a means of generating a hump shapedoutput response to monetary policy shocks in sticky-price New Keynesian economies,there is relatively little analysis of the impact of habits (particularly, external habits) onoptimal policy. In this paper we...
Persistent link: https://www.econbiz.de/10005866485
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Background studies for the ECB's evaluation of its monetary policy strategy
Issing, Otmar (contributor) - European Central Bank - 2003
Persistent link: https://www.econbiz.de/10004820102
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The role of money : money and monetary policy in the twenty-first century
Beyer, Andreas (contributor) - 2008
Persistent link: https://www.econbiz.de/10004924307
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Fraud, investments and liability regimes in payment platforms
Creti, Anna; Verdier, Marianne - European Central Bank - 2011
In this paper, we discuss how fraud liability regimes impact the price structure that is chosen by a monopolistic … payment platform, in a setting where merchants can invest in fraud detection technologies. We show that liability allocation … a responsibility regime is not implemented. We determine the allocation of fraud losses between the payment platform and …
Persistent link: https://www.econbiz.de/10009367478
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Do newspaper articles on card fraud affect debit card usage?
Kosse, Anneke - European Central Bank - 2011
This paper investigates the impact of newspaper publications about debit card skimming fraud on debit card usage in the … phenomenon of skimming fraud significantly affect the number of debit card payments. The direction of the effect depends on the … type of skimming fraud addressed. Newspaper articles on fraud at points-of-sale (POS) and ticket machines depress the …
Persistent link: https://www.econbiz.de/10009367479
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ECB - Working paper series
European Central Bank
The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...
Persistent link: https://www.econbiz.de/10009635880