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The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...
Persistent link: https://www.econbiz.de/10005869394
In this paper, we assess the effects of changes to the primarycredit facility since August 2007 by performing out-of-samplesimulations based on a model developed by Artuç andDemiralp (2008). Our results are highly consistent with thepredictions of our 2008 study—that is, the revised...
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Geldpolitik; geldpolitischer Transmissionsmechanismus; Finanzmärkte und die Makroökonomie; Finanz …
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Europäischen Semesters dargestellt. Eine besondere analytische Relevanz kommt dabei der Geldpolitik der Europäischen Zentralbank … -- Neuorientierung der Regulierungspolitik -- Die Politik der Bewältigung der Schuldenkrise im Euroraum -- Die Geldpolitik der … Europäischen Zentralbank (EZB) und ihre Risiken -- Urteile des Bundesverfassungsgerichts und des Europäischen Gerichtshofs zur …
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[...]This paper addresses how central banks can resuscitatelending chains by providing information that reduces uncertainty about participants along the chains. This action has been taken before: the Bank Holiday of 1933, declared byPresident Franklin Delano Roosevelt, resolved uncertaintyabout...
Persistent link: https://www.econbiz.de/10005869396