for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of …, jointly organized by SUERF, the OeNB and the Austrian Society for Bank Research. In reply to the financial crisis, the Great …

OeNB and the Austrian Society for Bank Research to discuss "The Future of Sovereign Borrowing". The financial, economic and …

the independence of the central bank. …

this result might be particularly relevant for bank-based financial systems as for instance that in the euro area. …

In this paper we explore empirically to what extent expected monetary policy matters for the dynamics of bank lending … bank lending rates. Overall, our results provide support for the hypothesis that monetary policy has become more effective …

central bank speak. This paper shows that the resulting perception of ambiguity could be desirable. Under the plausible … assumption of imperfect common knowledge about the degree of central bank transparency, economic outcomes are affected by both … to create the perception of opacity. The optimal communication strategy for the central bank is to provide clarity about …