Showing 1 - 10 of 71
services, which may be provided by many firms. However, despite the prevalence of structured finance instruments in Europe, the …
Persistent link: https://www.econbiz.de/10012943878
innovation in terms of productivity and growth. Moreover, measured productivity differentials between Europe and the United … Europe. While in the recent past the research and policy debate in Europe has focused on fostering financial integration, the … literature. The results suggest that there are a number of ways in which the financial market framework conditions in Europe can …
Persistent link: https://www.econbiz.de/10013316887
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10013305770
E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic …
Persistent link: https://www.econbiz.de/10014349591
The paper provides an overview of studies on the social and private costs of retail payments conducted since 2013 in nine EU countries and collates the results obtained. Social costs of retail payments are the overall costs resulting from providing payment services to society and deriving from...
Persistent link: https://www.econbiz.de/10013406430
The International Monetary Fund has significantly improved its surveillance of the EU and the euro area, along the lines suggested by the Fund's 2011 Triennial Surveillance Review and in application of its 2012 Integrated Surveillance Decision. Nonetheless, there is still margin for further...
Persistent link: https://www.econbiz.de/10013030870
This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing recent developments with the main pre-crisis trends. Two prominent features of the period of turmoil were (i) the sizeable deleveraging of external financial exposures by the...
Persistent link: https://www.econbiz.de/10013128178
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
This paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework from the first quarter of 2009 until the second quarter 2012. The paper discusses in detail, from a liquidity management perspective, the standard and...
Persistent link: https://www.econbiz.de/10013104347
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