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Contagion and spillovers : new insights from the crisis : a joint publication with the Austrian Society for Bank Research

Backé, Peter (ed.); Gnan, Ernest (ed.); … - Contagion and Spillovers – New Insights from the …; … - 2010

On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...

Persistent link: https://www.econbiz.de/10011706561

Bank Bailouts, International Linkages and Cooperation

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - Oesterreichische Nationalbank - 2011

On the occasion of the 65th birthday of Governor Klaus Liebscher and in recognition of his commitment to Austria’s participation in European monetary union and to the cause of European integration, the Oesterreichische Nationalbank (OeNB) established a “Klaus Liebscher Award”. It has been...

Persistent link: https://www.econbiz.de/10009022073

Trust in Banks? Evidence from normal times and from times of crises

Knell, Markus; Stix, Helmut - Oesterreichische Nationalbank - 2009

Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...

Persistent link: https://www.econbiz.de/10008568440

One Money, One Cycle? The EMU Experience

Gächter, Martin; Riedl, Aleksandra - Oesterreichische Nationalbank - 2013

We examine whether the introduction of the euro had a significantly positive impact on the synchronization of business cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary policy shocks in the euro area. Empirical evidence on...

Persistent link: https://www.econbiz.de/10011015322

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

The Effectiveness of Central Bank Intervention in the EMS: The Post 1993 Experience

Brandner, Peter; Grech, Harald; Stix, Helmut - Oesterreichische Nationalbank - 2001

We analyze the effectiveness of intervention in the European Monetary System by using daily data on the DEM-intervention activity of six European central banks, covering the period from August 1993 to April 1998. To test for the influence of intervention we apply EGARCH models. To allow for...

Persistent link: https://www.econbiz.de/10005802636

The Relative Importance of Symmetric and Asymmetric Shocks: the Case of United Kingdom and Euro Area

Peersman, Gert - Oesterreichische Nationalbank - 2007

In this paper, we show how a simple model with sign restrictions can be used to identify symmetric and asymmetric supply, demand and monetary policy shocks in a two-country structural VAR. The results can be used to deal with several issues that are important in the OCA-literature. Whilst the...

Persistent link: https://www.econbiz.de/10005802638

Regional Currency Arrangements: Insights from Europe

Christl, Josef - Oesterreichische Nationalbank - 2006

This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union...

Persistent link: https://www.econbiz.de/10005839455

Does Central Bank Intervention Influence the Probability of a Speculative Attack? Evidence from the EMS

Stix, Helmut - Oesterreichische Nationalbank - 2002

This paper studies the effects of central bank intervention during the 1992- 1993 EMS crises on the D-mark/peseta and D-mark/French franc exchange rate. In particular, it is analyzed how interventions affected the probability of a speculative attack and market participants’ expectations about...

Persistent link: https://www.econbiz.de/10005839461

Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks

Kuttner, Kenneth N. - Oesterreichische Nationalbank - 2001

three elementsÂ’ effects on inflation and exchange rate behavior. The results show that each of the three elements has … independent and distinct effects on nominal outcomes. Key findings include: (1) although hard pegs do tend to reduce inflation and … autonomy is associated with a more stable exchange rate and lower inflation; and (3) explicit inflation targeting reduces both …

Persistent link: https://www.econbiz.de/10005839463