Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10000138864
We explore how changes in capital-based macroprudential regulation affect theexposure of national banking sectors to domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct ameasure of macroprudential policy based on...
Persistent link: https://www.econbiz.de/10012623677
We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...
Persistent link: https://www.econbiz.de/10012197879
Die Europäische Investitionsbank (EIB) mobilisiert in quantitativ bedeutendem Ausmaß Finanzmittel für EG-Politikfelder außerhalb des EG-Haushalts. Die von der Bonität des Schuldners abhängige implizite Zinssubvention ist wohlfahrtstheoretisch nicht zu rechtfertigen. Es ist zu vermuten,...
Persistent link: https://www.econbiz.de/10011621697
evaluations of EU Cohesion Policies by its Member States (MS). We use large language models quantify the findings of about 2 … analysis suggests that the market of evaluations is rather oligopolistic within MS, that it is very fragmented across the EU … (evidence-based policy). We conclude by discussing reform options to make the evaluations of EU Cohesion Policies more unbiased …
Persistent link: https://www.econbiz.de/10014574916
By international comparison as well as compared to other EU policies, the EU‘s Cohesion Policy (CP) evaluation system … advancements and evaluation reports often do not transparently describe their methodological limitations. As the EU body …
Persistent link: https://www.econbiz.de/10014566802
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …
Persistent link: https://www.econbiz.de/10012534642