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Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors
Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016
commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …
Persistent link: https://www.econbiz.de/10011495568
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Current account adjustment in EU countries : does euro-area membership make a difference?
Herrmann, Sabine; Jochem, Axel - 2013
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...
Persistent link: https://www.econbiz.de/10010211960
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Determinants of TARGET2 transactions of European banks based on micro-data
Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022
Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system …
Persistent link: https://www.econbiz.de/10013411245
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Risky sovereign bond holdings by commercial banks in the euro area : do safe assets availability and differences in bank funding costs play a role?
Jochem, Axel; Lecomte, Ernest - 2024
Commercial banks in some euro area member states hold large amounts of sovereign debt that offer a risk premium and … match the return on their euro government bond portfolio with their own funding costs. In addition, prospects for a …
Persistent link: https://www.econbiz.de/10015052425