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Sovereign Default Risk and Banks in a Monetary Union

Uhlig, Harald - 2013

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...

Persistent link: https://www.econbiz.de/10010319382

The Countercyclical Capital Buffer and the Composition of Bank Lending

Auer, Raphael - 2019

Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...

Persistent link: https://www.econbiz.de/10012861456

The Transmission Mechanism of Credit Support Policies in the Euro Area

Boeckx, Jef; de Sola Perea, Maite; Peersman, Gert - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission mechanism of the Eurosystem’s credit support policies since the start of the crisis. First, we show that these policies have indeed been succesful in stimulating the credit flow...

Persistent link: https://www.econbiz.de/10011657163

How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold

Basten, Christoph; Mariathasan, Mike - 2018

We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank reserves exempt from negative rates. More affected banks...

Persistent link: https://www.econbiz.de/10011815794

The Trade and FDI Effects of EMU Enlargement

Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021

30 percent for Hungary …

Persistent link: https://www.econbiz.de/10013316812

The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union

Müller, Sebastian; Schnabl, Gunther - 2018

We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher’s United Kingdom have long served as cornerstones for growth, prosperity...

Persistent link: https://www.econbiz.de/10011815831

Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2021

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and opportunity costs, we concentrate on cashless payments media...

Persistent link: https://www.econbiz.de/10013315295

Consumption Patterns of Indebted Households : Unravelling the Relevance of Fiscal Policy

Afonso, António; Sá Fortes Leitão Rodrigues, Eduardo de - 2023

We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

Persistent link: https://www.econbiz.de/10014346252

Measuring Household Inflation Perceptions and Expectations : The Effect of Guided vs Non-Guided Inflation Questions

Hayo, Bernd; Méon, Pierre-Guillaume - 2023

An experiment using a representative survey of the German population shows that letting respondents report a number rather than asking them to choose from a list of predefined ranges lowers the response rate for both perceived past and expected inflation and decreases (increases) reported past...

Persistent link: https://www.econbiz.de/10014346253

The Impact of Peer-to-Peer Lending on Small Business Loans

Kim, Jin-Hyuk - 2020

We investigate the impact of peer-to-peer lending on the small business loans originated by US depository institutions that are subject to the Community Reinvestment Act. We present a model where a borrower can choose between a traditional bank and a crowdlending platform and show that the entry...

Persistent link: https://www.econbiz.de/10012834364

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