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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

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

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

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

Private and Public Risk Sharing in the Euro Area

Cimadomo, Jacopo - 2018

aftermath of the euro zone's sovereign debt crisis about 65% of these shocks were absorbed, therefore reducing consumption … Mechanism (ESM) channelling official loans to distressed euro zone economies. We also show that cross-border holdings of …

Persistent link: https://www.econbiz.de/10012920112

A Minimal Moral Hazard Central Stabilisation Capacity for the EMU Based on World Trade

Beetsma, Roel M. W. J. - 2018

Recent debate has focused on the introduction of a central stabilisation capacity as a completing element of the Economic and Monetary Union. Its main objective would be to contribute cushioning country-specific economic shocks, especially when national fiscal stabilisers are run down. There are...

Persistent link: https://www.econbiz.de/10012923313

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

Transmission of Government Spending Shocks in the Euro Area : Time Variation and Driving Forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2021

the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic …

Persistent link: https://www.econbiz.de/10013316199

The Euro Area Bank Lending Survey Matters : Empirical Evidence for Credit and Output Growth

de Bondt, Gabe; Maddaloni, Angela; Peydró, José-Luis; … - 2021

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …

Persistent link: https://www.econbiz.de/10013316257

One Scheme Fits All : A Central Fiscal Capacity for the EMU Targeting Eurozone, National and Regional Shocks

Beetsma, Roel M. W. J.; Cimadomo, Jacopo; Van Spronsen, … - 2022

This paper proposes a central fiscal capacity for the euro area that generates transfers in response to eurozone …

Persistent link: https://www.econbiz.de/10014082970