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ECB Euro Liquidity Lines
Albrizio, Silvia; Kataryniuk, Iván; Molina, Luis; … - 2023
Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity … management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback … effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX …
Persistent link: https://www.econbiz.de/10014354526
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Financial assistance in the euro zone : why and how? ; institutions for fiscal stability in Europe (Forum)
De Grauwe, Paul - In: CESifo DICE report : journal for institutional comparisons 9 (2011) 3, pp. 26-30
Persistent link: https://www.econbiz.de/10009422155
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U.S. And Euro Area Monetary and Fiscal Interactions During the Pandemic : A Structural Analysis
Hodge, Andrew; Jakab, Zoltan; Lindé, Jesper; Nguyen, … - 2022
This paper employs a two-country New Keynesian DSGE model to assess the macroeconomic impact of the changes in monetary policy frameworks and the fiscal support in the U.S. and euro area during the pandemic. Moving from a previous target of “below, but close to 2 percent” to a formal...
Persistent link: https://www.econbiz.de/10014237881
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EU insolvency regulation and its impact on European business : bankruptcy and bankruptcy procedures (Forum)
Wessels, Bob - In: CESifo DICE report : journal for institutional comparisons 4 (2006) 1, pp. 16-21
Persistent link: https://www.econbiz.de/10003310773
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What Drives Mortgage Default Risk in Europe and the U.S.?
Gross, Marco; Tressel, Thierry; Ding, Xiaodan; Tereanu, … - 2022
We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default (LGDs) on unemployment rates, house price growth, interest rates, and other drivers. A structural micro-macro simulation model is used to that end. It is anchored in the balance...
Persistent link: https://www.econbiz.de/10013291773
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Restructuring and Insolvency in Europe : Policy Options in the Implementation of the EU Directive
Garrido, José; DeLong, Chanda; Ras, Ami; Rosha, Anjum - 2022
The Directive on Restructuring and Insolvency sets minimum standards for restructuring and certain insolvency matters, but its harmonization effect will be limited given multiple options for implementation, likely leading to divergent restructuring models in Europe. These options reveal...
Persistent link: https://www.econbiz.de/10013306802
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Sustainability of fiscal policy in the EU-15
Afonso, António - In: CESifo DICE report : journal for institutional comparisons 4 (2006) 1, pp. 34-38
Persistent link: https://www.econbiz.de/10003310794
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Fiscal policies in the EMS : a strategic analysis
De Grauwe, Paul - In: International and European monetary systems, (pp. 121-140). 1990
Persistent link: https://www.econbiz.de/10001274184
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The Pre-Crisis Capital Flow Surge to Emerging Europe : Did Countercyclical Fiscal Policy Make a Difference?
Atoyan, Ruben - 2012
A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorption-reducing effect, as a...
Persistent link: https://www.econbiz.de/10013098584
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Shining a Light on the Mysteries of State : The Origins of Fiscal Transparency in Western Europe
Irwin, Timothy C - 2013
The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and medieval governments were sometimes open about their finances, the absolute monarchies of the 1600s and 1700s shrouded them in mystery. Factorsthat have encouraged transparency...
Persistent link: https://www.econbiz.de/10013072600