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A tale of the water-supplying plumber: intraday liquidity provision in payment systems

Ledrut, Elisabeth - de Nederlandsche Bank - 2006

of liquidity are not fully borne by payment system participants can be expected to yield an inefficient outcome … liquidity expensive increases the risk of payment delays and payment system gridlocks, due to participants limiting their …

Persistent link: https://www.econbiz.de/10005101828

Did the crisis affect inflation expectations?

Galati, Gabriele; Poelhekke, Steven; Zhou, Chen - de Nederlandsche Bank - 2009

Brothers. Liquidity premia and technical factors have significantly influenced the behaviour of inflation-indexed markets since …

Persistent link: https://www.econbiz.de/10008482047

The role of financial intermediaries in monetary policy transmission

Beck, Thorsten; Colciago, Andrea; Pfajfar, Damjan - de Nederlandsche Bank - 2014

The recent financial crisis has stimulated theoretical and empirical research on the propagation mechanisms underlying business cycles, in particular on the role of financial frictions. Many issues concerning the interactions between banking and monetary policy forced policy makers to rede.ne...

Persistent link: https://www.econbiz.de/10010822687

Eurodynamics in the Netherlands: results of the seventh DNB euro survey

Roszbach, K.F.; Stokman, A.C.J. - de Nederlandsche Bank - 1998

This survey, which was conducted in September 1998, shows that the degree of acceptance of the Euro has grown to 78% among the public and 94% among businesses. Merely a quarter of the public is aware, however, of the starting year of the EMU, compared to 70% among large enterprises and 40 %...

Persistent link: https://www.econbiz.de/10005101868

Monetary transmission in the West-African monetary union

P.M.J.O.K. Compernolle. - de Nederlandsche Bank - 1998

This report investigates monetary transmission in a monetary union of developing countries (West-African monetary union or Communauté Financière Africaine, CFA). This requires existing monetary transmission models to be adapted. Three econometric methods are applied to assess the impact of...

Persistent link: https://www.econbiz.de/10005101882

Achieving Price Stability in the Euro Zone: Monetary or InflationTargeting?

Peeters, H.M.M. - de Nederlandsche Bank - 2000

In this paper a small econometric model with model-consistent expectations is adopted for the euro zone to study monetary and inflation targeting. Similation results show that the 'costs' in terms of inflation and economic growth volatility are by and large lowest in case of inflation targeting....

Persistent link: https://www.econbiz.de/10005106792

Unconventional monetary policy of the ECB during the financial crisis: An assessment and new evidence

Pattipeilohy, Christiaan; End, Jan Willem van den; … - de Nederlandsche Bank - 2013

of the ECB's unconventional monetary policy measures, i.e. extended liquidity provision (LTRO) and the Securities Market …

Persistent link: https://www.econbiz.de/10010757276

Global liquidity as an early warning indicator of asset price booms: G5 versus broader measures

Bierut, Beata - de Nederlandsche Bank - 2013

We test the performance of various measures of global liquidity as early warning indicators of booms in house and … global liquidity measures based on two aggregation schemes: the traditional measures, based on G5 data, and broader measures …, based on data for up to 26 countries/currency areas. Our results show that, in the last decade, global liquidity measures …

Persistent link: https://www.econbiz.de/10010659995

Financial globalization or great financial expansion? The impact of capital flows on credit and banking crises

Frost, Jon; Tilburg, Ruben van - de Nederlandsche Bank - 2014

This paper empirically examines the impact of capital flows on credit growth, credit excesses and banking crises using quarterly panel data from 43 advanced (AEs) and emerging market economies (EMEs). Regressions show that gross capital inflows precede credit growth and credit excesses. Both...

Persistent link: https://www.econbiz.de/10010945598

The Level Effect of Bank Lending Standards on Business Lending

Veer, Koen van der; Hoeberichts, Marco - de Nederlandsche Bank - 2013

Do tightenings of bank lending standards permanently reduce bank lending? We construct a measure of a bank's level of lending standards using micro-data from the sample of banks participating in the Eurosystem Bank Lending Survey in The Netherlands and show that this level measure affects...

Persistent link: https://www.econbiz.de/10010822703