Narrow search
Showing 1 - 10 of 180
Cover Image
Central bank policies and financial markets : lessons from the Euro crisis
Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018
The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we identify financial markets' response to the...
Persistent link: https://www.econbiz.de/10011942687
Cover Image
Regulation, financial crises, and liberalization traps
Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
Cover Image
The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
Cover Image
Central Bank Policies and Financial Markets : Lessons from the Euro Crisis
Mody, Ashoka - 2019
The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we identify financial markets’ response to the...
Persistent link: https://www.econbiz.de/10012892183
Cover Image
The impact of market regulations on intra-European real exchange rates
Bénassy-Quéré, Agnès; Coulibaly, Dramane - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10009691682
Cover Image
Evaluating the Impact of Price Caps - Evidence from the European Roam-Like-At-Home Regulation
Canzian, Giulia; Mazzarella, Gianluca; Verzillo, Stefano; … - 2021
The roam-like-at-home regulation (RLAH) eliminated all mobile roaming surcharges to Eu-ropean consumers travelling … within the European Economic Area (EEA). We measure the causal impact of the regulation on EEA roaming traffic, using the … revenues. To evaluate the welfare effects of the regulation, we develop a framework that includes consumer surplus, retail and …
Persistent link: https://www.econbiz.de/10013211736
Cover Image
Macroprudential capital regulation and fiscal balances in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024
in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …
Persistent link: https://www.econbiz.de/10014485633
Cover Image
Channel systems : why is there a positive spread?
Berentsen, Aleksander; Marchesiani, Alessandro; Waller, … - 2010
An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a deposit facility. In this paper we show that it is socially optimal to implement a non-zero interest rate spread. We prove this result in a dynamic general equilibrium model...
Persistent link: https://www.econbiz.de/10008732253
Cover Image
The Greek crisis and financial assistance programmes : an evaluation
Arghyrou, Michael Georgiou - 2015
We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second programme (2012-14) achieved progress towards recovery but this...
Persistent link: https://www.econbiz.de/10011384358
Cover Image
Energy Contagion in the COVID-19 Crisis
Heinlein, Reinhold - 2020
We investigate the relationship between oil prices and stock markets of selected oil importers and oil exporters at the time of the COVID-19 pandemic. We provide evidence in favour of energy contagion, in term of significantly higher correlations between oil and stock markets returns during...
Persistent link: https://www.econbiz.de/10012831660