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Corporate ‘excesses’ and financial market dynamics

Maddaloni, Angela; Pain, Darren - 2004

The recent corporate failures in the US and in Europe have considerably damaged investors’ confidence in the functioning of financial markets and the ability of the regulatory framework to safeguard their interest and prevent fraud. These episodes demonstrate that market failures exist, which...

Persistent link: https://www.econbiz.de/10011606169

Shadow Banking in the Euro Area : An Overview

Bakk-Simon, Klara - 2012

Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...

Persistent link: https://www.econbiz.de/10013113994

Financial Shocks and the Macroeconomy : Heterogeneity and Non-Linearities

Hubrich, Kirstin - 2013

This paper analyses the transmission of financial shocks to the macroeconomy. The role of macro-financial linkages is investigated from an empirical perspective for the euro area as a whole, for individual euro area member countries and for other EU and OECD countries. The following key economic...

Persistent link: https://www.econbiz.de/10013088959

Extraordinary Measures in Extraordinary Times : Public Measures in Support of the Financial Sector in the EU and the United States

Stolz, Stéphanie Marie - 2014

The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such...

Persistent link: https://www.econbiz.de/10013069662

Energy Markets and the Euro Area Macroeconomy

Strauch, Rolf - 2014

This report aims to analyse euro area energy markets and the impact of energy price changes on the macroeconomy from a monetary policy perspective. The core task of the report is to analyse the impact of energy price developments on output and consumer prices. Nevertheless, understanding the...

Persistent link: https://www.econbiz.de/10013069751

The ECB After the Crisis : Existing Synergies Among Monetary Policy, Macroprudential Policies and Banking Supervision

Cassola, Nuno - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012858961

The Impact of Regulating Occupational Pensions in Europe on Investment and Financial Stability

Amzallag, Adrien - 2014

This study examines the European Commission's 2011 call for advice to the European Insurance and Occupational Pensions Authority (EIOPA) on the improvement of the Institutions for Occupational Retirement Provision (IORP) Directive (the "IORP Directive"). Specifically, it uses both the EIOPA...

Persistent link: https://www.econbiz.de/10013051095

The Economic Impact of Next Generation EU : A Euro Area Perspective

Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022

suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the … of successful implementation. Specifically, NGEU is expected to take effect through three channels: structural reform … disinflationary effect of greater productive capacity resulting from the planned structural reform and investment measures …

Persistent link: https://www.econbiz.de/10013291193

Digitalisation : Channels, Impacts and Implications for Monetary Policy in the Euro Area

Consolo, Agostino; Cette, Gilbert; Bergeaud, Antonin; … - 2021

The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent developments during the coronavirus (COVID-19) pandemic...

Persistent link: https://www.econbiz.de/10013210842

The Macroeconomic Impact of the Next Generation EU Instrument on the Euro Area

Bańkowski, Krzysztof; Ferdinandusse, M.; Hauptmeier, … - 2021

In response to the economic fallout from the coronavirus (COVID-19) pandemic, the European Council agreed on the Next Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member States, with the disbursement of funds intended to be...

Persistent link: https://www.econbiz.de/10013243839