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Volatility patterns of CDS, bond and stock markets before and during the financial crisis : evidence from major financial institutions

Belke, Ansgar; Gokus, Christian - 2011

This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...

Persistent link: https://www.econbiz.de/10009347974

A more effective euro area monetary policy than OMTs: Gold-backed sovereign debt

Belke, Ansgar - In: Intereconomics 48 (2013) 4, pp. 237-242

achieve this without adding further risky assets to the European Central Bank's balance sheet and thereby transferring credit …

Persistent link: https://www.econbiz.de/10010327996

Reform of the decision-making rules of the ECB Council in view of EMU enlargement

Friedrich, Ingo; Belke, Ansgar; Gros, Daniel; Meade, … - In: Intereconomics 38 (2003) 3, pp. 116-131

Persistent link: https://www.econbiz.de/10010271662

Money and inflation: Lessons from the USA for ECB monetary policy

Belke, Ansgar; Polleit, Thorsten - In: Intereconomics 42 (2007) 1, pp. 10-18

Persistent link: https://www.econbiz.de/10010272177

Crisis-induced fiscal restructuring in Europe

Alcidi, Cinzia; Gros, Daniel; Giovannini, Alessandro; … - In: Intereconomics 49 (2014) 6, pp. 300-322

Vigorous debate over the effectiveness of the fiscal adjustment programmes for the crisis-stricken countries in the eurozone has grown quite polarised. In this Forum, several experts use analytical, evidence-based approaches to gauge the effectiveness of these programmes. The role played by the...

Persistent link: https://www.econbiz.de/10010471483

Eurosystem collateral policy and framework: Post-Lehman time as a new collateral space

Belke, Ansgar - In: Intereconomics 50 (2015) 2, pp. 82-90

inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … accept bank loans as collateral). In the context of these developments, this article assesses and comments on various aspects …

Persistent link: https://www.econbiz.de/10011773240

Monetary dialogue 2009-2014: Looking backward, looking forward

Belke, Ansgar - In: Intereconomics 49 (2014) 4, pp. 204-211

preserve the integrity of the single currency. This has challenged the current framework of the Monetary Dialogue exercise …

Persistent link: https://www.econbiz.de/10011530750

The importance of global shocks for national policymakers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...

Persistent link: https://www.econbiz.de/10003879570

Does the ECB rely on a Taylor rule? : comparing ex-post with real time data

Belke, Ansgar; Klose, Jens - 2009

"true" forecasts of real time data for several periods are employed. -- European Central Bank ; monetary policy ; real time …

Persistent link: https://www.econbiz.de/10003872913

(How) do the ECB and the Fed react to financial market uncertainty? : the Taylor rule in times of crisis

Belke, Ansgar; Klose, Jens - 2010

in order to account for variations within these variables over time. We argue that measures of money and credit growth … the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … the ECB during the crisis. -- Subprime crisis ; federal reserve ; European Central Bank ; equilibrium real interest rate …

Persistent link: https://www.econbiz.de/10003931051