Narrow search
Showing 1 - 10 of 107
Cover Image
The future of sovereign borrowing in Europe
Balling, Morten (ed., introduction);  … - Conference on The Future of Sovereign Borrowing in …; … - 2014
In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to...
Persistent link: https://www.econbiz.de/10011711793
Cover Image
Asset-liability management with ultra-low interest rates
Grossman, Richard S.; Molyneux, Philip; Lambert, Frederic; … - Conference on Asset-Liability Management with Ultra-Low …; … - 2015
On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...
Persistent link: https://www.econbiz.de/10011413495
Cover Image
Financial Differences and Business Cycle Co-Movements in A Currency Area
Faia, Ester - Oesterreichische Nationalbank - 2005
I propose a unitary framework to interpret the links between differences in financial structures and the monetary policy regimes on the one hand, and the correlation of business cycles on the other. Using a two-country micro-founded model with financial frictions I predict that a greater...
Persistent link: https://www.econbiz.de/10005273257
Cover Image
Monetary Union: European Lessons, Latin American Prospects
Hochreiter, Eduard; Schmidt-Hebbel, Klaus; Winckler, Georg - Oesterreichische Nationalbank - 2002
first find that there has been a strong push towards the floating cum inflation-targeting corner and to regional trade …
Persistent link: https://www.econbiz.de/10005802621
Cover Image
Expected Monetary Policy and the Dynamics of Bank Lending Rates
Kwapil, Claudia; Scharler, Johann - Oesterreichische Nationalbank - 2009
monetary policy regimes towards inflation targeting, expected monetary policy has become more important as a determinant of …
Persistent link: https://www.econbiz.de/10005627579
Cover Image
The Mystique of Central Bank Speak
Geraats, Petra M. - Oesterreichische Nationalbank - 2006
the inflation target and to communicate information about the output target and supply shocks with perceived ambiguity. In …
Persistent link: https://www.econbiz.de/10005627582
Cover Image
Modeling Credit Aggregates
Kaufmann, Sylvia; Valderrama, Maria Teresa - Oesterreichische Nationalbank - 2004
The purpose of this paper is to model both loans to households and to non-financial corporations as well as their relation to interest rates and demand variables for Austria, Germany, the Netherlands and the United Kingdom. Credit aggregates are modeled using a Markov-switching vector...
Persistent link: https://www.econbiz.de/10005273262
Cover Image
Investigating asymmetries in the bank lending channel. An analysis using Austrian banks’ balance sheet data.
Fruehwirth-Schnatter, Sylvia; Kaufmann, Sylvia - Oesterreichische Nationalbank - 2003
In the present paper we use a balanced bank panel data set to obtain an inference on two dimensions of the asymmetric response of bank lending to interest rate changes. The cross-sectional dimension is captured by group-specific parameters whereby each bank’s group membership is estimated...
Persistent link: https://www.econbiz.de/10005627569
Cover Image
Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Égert, Balázs - Oesterreichische Nationalbank - 2007
root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10005802617
Cover Image
International Debt Deleveraging
Fornaro, Luca - Oesterreichische Nationalbank - 2013
I provide a framework for understanding debt deleveraging in a group of _nancially integrated countries. During an episode of international deleveraging world consumption demand is depressed and the world interest rate is low, reecting a high propensity to save. If exchange rates are allowed to...
Persistent link: https://www.econbiz.de/10010818088