In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …

This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation …

pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency. …

presented both for the US and the euro area. Results are based on standard monetary aggregates, i.e. MZM for the US and M3 in … case of the euro area. The recent monetary policy shifts towards unconventional measures did not introduce instability in …

This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of … French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

losses. Thirdly, the ECB can draw on substantial reserves of the euro area national banks. -- Central bank independence …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …