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Bank Risk-Taking, Securitization, Supervision and Low Interest Rates : Evidence from the Euro Area and the U.S. Lending Standards
Maddaloni, Angela - 2010
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short …
Persistent link: https://www.econbiz.de/10013138019
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Trusting the Bankers : A New Look at the Credit Channel of Monetary Policy
Ciccarelli, Matteo - 2010
unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …
Persistent link: https://www.econbiz.de/10013141032
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Heterogeneous Transmission Mechanism : Monetary Policy and Financial Fragility in the Euro Area
Ciccarelli, Matteo - 2013
The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …
Persistent link: https://www.econbiz.de/10013085173
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Asset Purchase Programmes and Financial Markets : Lessons from the Euro Area
Altavilla, Carlo - 2016
We evaluate the effects on asset prices of the ECB asset purchase program (APP) announced in January 2015 and assess its main transmission channels. We do so by first extending a term structure model with bond supply effects to account for assets with different types of risk premia. We then...
Persistent link: https://www.econbiz.de/10013001152
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Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking : Evidence from the Euro Area Securities Register
Bubeck, Johannes - 2020
the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …
Persistent link: https://www.econbiz.de/10012836176
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A Tale of Two Decades : The Ecb's Monetary Policy at 20
Rostagno, Massimo - 2020
, but offered a softer defence in the face of the disinflationary forces that hit the euro area in its aftermath. The …
Persistent link: https://www.econbiz.de/10012844614
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Inflation Forecasts, Monetary Policy and Unemployment Dynamics : Evidence from the Us and the Euro Area
Ciccarelli, Matteo - 2007
alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing …
Persistent link: https://www.econbiz.de/10012777870
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Monetary Policy and Bank Profitability in a Low Interest Rate Environment
Altavilla, Carlo - 2017
identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a …
Persistent link: https://www.econbiz.de/10012945753
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Combining Negative Rates, Forward Guidance and Asset Purchases : Identification and Impacts of the ECB's Unconventional Policies
Rostagno, Massimo; Altavilla, Carlo; Carboni, Giacomo; … - 2021
alternative histories for the euro area macro-economy that one would likely have observed between 2013 and 2020 in no-NIRP (with …
Persistent link: https://www.econbiz.de/10013225325
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Monetary Policy, Macroprudential Policy and Banking Stability : Evidence from the Euro Area
Maddaloni, Angela - 2013
crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for …
Persistent link: https://www.econbiz.de/10013080478