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The Use of the Eurosystem's Monetary Policy Instruments and Operational Framework since 2009

Eser, Fabian - 2012

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

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

investigated from an empirical perspective for the euro area as a whole, for individual euro area member countries and for other EU …

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

The Benefits of Fiscal Consolidation in Uncharted Waters

Rother, Philipp - 2014

This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the benefits of consolidation have to be re-assessed given that industrialised countries have entered uncharted waters with unsustainable public debt dynamics and enormous...

Persistent link: https://www.econbiz.de/10013069525

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

Stolz, Stéphanie Marie - 2014

preliminary assessment of the effectiveness of such measures. The geographical focus of the paper is on the European Union (EU …, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within … the EU (e.g. asset relief schemes) …

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

Main Drivers of the ECB Financial Accounts and ECB Financial Strength Over the First 11 Years

Vergote, Olivier - 2014

This paper analyses the main drivers of the ECB's balance sheet and profit and loss account over the first 11 years of the ECB's existence. Furthermore, the paper assesses the financial strength of the ECB. As monetary policy operations are normally conducted by national central banks under the...

Persistent link: https://www.econbiz.de/10013069977

Inflation Persistence and Price-Setting Behaviour in the Euro Area - a Summary of the Ipn Evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2021

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings are: i) Under the current monetary policy regime, the...

Persistent link: https://www.econbiz.de/10013318305

The Impact of the Euro on Money and Bond Markets

Santillan Fraile, Javier; Bayle, Marc; Thygesen, Christian - 2021

The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction of the euro. Significant development in terms of integration took place in both markets in general to a various degree for the different segments. However, there remain room for...

Persistent link: https://www.econbiz.de/10013318465

Economic Structures 20 Years into the Euro

Sondermann, David; Consolo, Agostino; Gunnella, Vanessa; … - 2021

strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …

Persistent link: https://www.econbiz.de/10013322232

Real and Financial Cycles in EU Countries - Stylised Facts and Modelling Implications

Rünstler, Gerhard; Balfoussia, Hiona; Burlon, Lorenzo; … - 2021

EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings of large medium …

Persistent link: https://www.econbiz.de/10013324271