Showing 1 - 10 of 11
trust, have contributed to the build-up of macroeconomic imbalances over the last three decades. We analyse the link between … current account balance) and interpersonal trust, alongside other measures of civic and cultural capital, obtained from value … negative and significant relationship between trust and macroeconomic imbalances which may therefore partly reflect underlying …
Persistent link: https://www.econbiz.de/10010693494
We study the determinants of trust in the ECB as measured by the European Commission's Eurobarometer survey. The … formulation of the corresponding question in this survey is very general, and compatible with very different notions of "trust" by … respondents. In particular, the survey does not ask whether respondents trust that the ECB delivers on its mandate. Still, the ECB …
Persistent link: https://www.econbiz.de/10010686791
predictions from a formal model, we present evidence that households’ trust in financial advice only matters when their perceived …
Persistent link: https://www.econbiz.de/10008854655
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10004969169
This paper uses panel data on banks, for the period 1991-98, to test the existence of a bank-lending channel in the Spanish economy. In order to distinguish between loan demand and supply movements, several exercises are performed. First, we analyse the differential responses, to monetary policy...
Persistent link: https://www.econbiz.de/10004969175
This paper analyses empirically the role of bank lending in monetary policy transmission on the basis of Greek bank level data. Two approaches have been taken. One employing a reduced form equation linking monetary policy and distributional variables to bank loans in the spirit of Kashyap and...
Persistent link: https://www.econbiz.de/10005070387
Drawing on recent Eurosystem research that uses a range of econometric techniques and a number of new data sets, we propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions: (1) what are the stylised facts concerning the...
Persistent link: https://www.econbiz.de/10005070389
This paper investigates both cross-sectional asymmetry (related to bank-specific characteristics like size and liquidity) and asymmetries over time (potentially related to the overall state of the economy) in Austrian bank lending reaction to monetary policy. The first type of asymmetry is...
Persistent link: https://www.econbiz.de/10005530769
This study contributes to the empirical evidence on the lending channel in the Netherlands using individual bank data. The main conclusion is that a lending channel is operative in the Netherlands. However, it is only operative for unsecured and not for secured lending, possibly because loans...
Persistent link: https://www.econbiz.de/10005530961
A growing number of studies have sought to measure the effects of non-standard policy on bank funding markets. The purpose of this paper is to carry those estimates a step further by looking at the effects of bank funding market stress on the volume of bank lending, using a simultaneous equation...
Persistent link: https://www.econbiz.de/10010686868