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Exchange Rate Pass-Through and Monetary Integration in the Euro Area
Saiki, Ayako - 2011
The purpose of this study is to examine how monetary integration affects the exchange rate pass-through, by testing whether monetary policy convergence in the euro area led to a convergence in terms of exchange rate pass-through. We conduct a comparative study between the “experiment group”...
Persistent link: https://www.econbiz.de/10013118966
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Public Versus Private Information
Demertzis, Maria - 2011
Using the model by Morris and Shin (2002), we distinguish between how people perceive a state and how they act upon it. We show than even for perceptions, where the coordination motive plays no role, improving the quality of public information does not always reduce the forecasting error. The...
Persistent link: https://www.econbiz.de/10013118979
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Knowledge and Opinions About Banking Supervision : Evidence from a Survey of Dutch Households
van der Cruijsen, Carin - 2011
What does the general public know about banking supervision? What objectives does the public think bank supervisors … about banking supervision is far from perfect. We also find that respondents often expect more from supervisors than they … banking supervision. Realistic views on banking supervision lead to more prudent financial behaviour, which, in turn …
Persistent link: https://www.econbiz.de/10013119108
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Macroprudential Policy - A Literature Review
Galati, Gabriele - 2011
supervision. In recent months, the number of policy speeches, research papers and conferences that discuss a macro perspective on …
Persistent link: https://www.econbiz.de/10013119117
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The Dynamic Voting Patterns of the Bank of England's MPC
Berk, Jan Marc - 2011
The literature on the behavior of the Bank of England's Monetary Policy Committee (MPC) has focused on static voting patterns. We find statistical support for a dynamic pattern using a panel reaction function to analyze MPC votes over the 1997-2008 period. We find that internal and external...
Persistent link: https://www.econbiz.de/10013119133
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An Assessment of the Consistency of ECB Communication Using Wordscores
Jansen, David-Jan - 2011
Wordscores uses word frequencies to extract information from texts with known policy positions. Wordscores uses this information to estimate the unknown policy positions of so - called virgin texts. We apply Wordscores to the ECB President's introductory statements following Governing Council...
Persistent link: https://www.econbiz.de/10013119142
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How Much Does the Public Know About the ECB's Monetary Policy? Evidence from a Survey of Duch Households
van der Cruijsen, Carin - 2011
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB's objectives is far from perfect. Both a weak...
Persistent link: https://www.econbiz.de/10013119263
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Household Savings Behaviour in Crisis Times
van der Cruijsen, Carin - 2011
about banking supervision. Using a survey among Dutch households, we find that both factors have affected the allocation of … banking supervision are more likely to gather information about banks and saving instruments, to spread their savings across …
Persistent link: https://www.econbiz.de/10013119480
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Is this Bank Ill? The Diagnosis of Doctor TARGET2
Heijmans, Ronald - 2011
payment system and for individual banks' supervision. By studying these data before, during and after stressful events in the …
Persistent link: https://www.econbiz.de/10013119520
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How to Measure the Unsecured Money Market? The Eurosystem's Implementation and Validation Using TARGET2 Data
Arciero, Luca - 2013
This paper develops a methodology, based on Furfine (1999), to identify unsecured interbank money market loans from transaction data of the most important euro processing payment system, TARGET2, for maturity ranging from one day (overnight) up to three months. The implementation has been...
Persistent link: https://www.econbiz.de/10013088017