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On the Effects of the Ecb's Funding Policies on Bank Lending and the Demand for the Euro as an International Reserve
Tavlas, G. S.; Gibson, Heather D.; Hall, Stephen G.; … - 2022
The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had both domestic … and international ramifications. Domestically, bank lending declined sharply. Internationally, the demand for the euro as … national and regional spillovers. We also assess the effects of ECB policies on euro reserve holdings. The results suggest that …
Persistent link: https://www.econbiz.de/10013492305
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Measuring the Correlation of Shocks between the EU15 and the New Member Countries
Hondroyiannis, G.; Hall, Stephen G. - 2022
This paper considers the question of the symmetry of inflation, exchange rate changes and GDP shocks between the EU15 and the new member countries. It applies a relatively new technique, the orthogonal GARCH model, which allows us to calculate a complete time varying correlation matrix for these...
Persistent link: https://www.econbiz.de/10014080673
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Comment on: "Fundamentally wrong : market pricing of sovereigns and the Greek financial crisis"
Kazanas, Thanassis; Tzavalis, Elias - In: Journal of macroeconomics 39 (2014) 2, pp. 420-423
Persistent link: https://www.econbiz.de/10010496443
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Fundamentally wrong : market pricing of sovereigns and the Greek financial crisis
Gibson, Heather D.; Hall, Stephen G.; Tavlas, George S. - In: Journal of macroeconomics 39 (2014) 2, pp. 405-419
Persistent link: https://www.econbiz.de/10010496445
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On the effects of the ECB's funding policies on bank lending
Gibson, Heather D.; Hall, Stephen G.; Petroulas, Pavlos; … - In: Journal of international money and finance 102 (2020), pp. 1-11
Persistent link: https://www.econbiz.de/10012392318
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Self-fulfilling dynamics: the interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis
Gibson, Heather D.; Hall, Stephen G.; Tavlas, George S. - In: Journal of international money and finance 73 (2017), pp. 371-385
Persistent link: https://www.econbiz.de/10011787743
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The effectiveness of the ECB's asset purchase programs of 2009 to 2012
Gibson, Heather D.; Hall, Stephen G.; Tavlas, George S. - In: Journal of macroeconomics 47 (2016), pp. 45-57
Persistent link: https://www.econbiz.de/10011707486
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The effect of emergency liquidity assistance (ELA) on bank lending during the euro area crisis
Gibson, Heather D.; Hall, Stephen G.; Petroulas, Pavlos; … - In: Journal of international money and finance 108 (2020), pp. 1-13
Persistent link: https://www.econbiz.de/10012403813
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Drivers and spillover effects of inflation : the United States, the euro area, and the United Kingdom
Hall, Stephen G.; Tavlas, George S.; Wang, Yongli - In: Journal of international money and finance 131 (2023), pp. 1-31
Persistent link: https://www.econbiz.de/10014248802
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A portfolio balance approach to Euro-area money demand in a time-varying environment
Hall, Stephen G.; Hondroyiannis, G.; Swamy, P.A.V.B; … - 2022
aggregate. However, a large empirical literature has emerged showing that, beginning in 2001, essentially all euro area M3 … now to estimate euro area money-demand are not well-specified because they do not include a measure of wealth. Using two …
Persistent link: https://www.econbiz.de/10014080552