How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …

This paper empirically investigates the relationship between TV news coverage and the GIIPS countries’ bond yield … institutions and in particular the European Central Bank (ECB). In conjunction with the tonality of the news, we find that country …

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 ECB’s liquidity injections and its more pro-active monetary stimulus between …

ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … ECB policy meeting. Our results suggest that even though the indicators are sometimes quite different from one another …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the …- and under-representation of member countries in the ECB Council might be extreme by the standards of the US Fed and German …