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Negative Interest Rate Policy (NIRP) : Implications for Monetary Transmission and Bank Profitability in the Euro Area
Jobst, Andreas (Andy) - 2016
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its …, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher …
Persistent link: https://www.econbiz.de/10012977791
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Links between trust in the ECB and its interest rate policy
Albinowski, Maciej; Ciżkowicz, Piotr; Rzońca, Andrzej - In: Applied economics 46 (2014) 25/27, pp. 3090-3106
Persistent link: https://www.econbiz.de/10010418119
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The effect of ECB monetary policies on interest rates and volumes
Creel, Jérôme; Hubert, Paul; Viennot, Mathilde - In: Applied economics 48 (2016) 46/48, pp. 4477-4501
Persistent link: https://www.econbiz.de/10011640122
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US vs. Euro Area : Who Drives Cross-Border Bank Lending to EMS?
Cerutti, Eugenio - 2019
This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1 … literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more … decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock …
Persistent link: https://www.econbiz.de/10012859870
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Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability
Elekdag, Selim - 2020
conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank …
Persistent link: https://www.econbiz.de/10012843521
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The Euro-Area Government Spending Multiplier at the Effective Lower Bound
Amendola, Adalgiso - 2019
We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the overall monetary policy stance, captured by a shadow monetary policy rate. In the...
Persistent link: https://www.econbiz.de/10012866218
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The natural rate of interest: information derived from a shadow rate model
Ajevskis, Viktors - In: Applied economics 52 (2020) 47, pp. 5129-5138
Persistent link: https://www.econbiz.de/10012306572
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Asymmetric monetary policy effects in EMU
Clausen, Volker; Hayo, Bernd - In: Applied economics 38 (2006) 10, pp. 1123-1134
Persistent link: https://www.econbiz.de/10003336894
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Sovereign Risk and Belief-Driven Fluctuations in the Euro Area
Kuester, Keith - 2013
Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New Keynesian model of a two-region monetary union that accounts for this “sovereign risk channel.” The model is calibrated to the euro...
Persistent link: https://www.econbiz.de/10013071921
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SMEs’ Access to Finance in the Euro Area : What Helps or Hampers?
Öztürk, Bahar - 2014
bank funding costs and borrower leverage matter for firms' access to finance. Increases in bank funding costs and borrowers …
Persistent link: https://www.econbiz.de/10013053038