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characteristics? Based on a common source of balance sheet data for the four largest economies of the euro area over the period 1999 …
Persistent link: https://www.econbiz.de/10013078975
process. We identify the impact of (i) joining the European Union and (ii) joining the Euro on cross-border M&As. We show that …
Persistent link: https://www.econbiz.de/10011605064
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
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
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
) as well as the special ad-hoc questions on the LTROs conducted in mid-February 2012. We estimate a panel-VAR for the euro …
Persistent link: https://www.econbiz.de/10013088278
We study correlations between the risk-free rate and sovereign yields of ten euro area countries using smooth …
Persistent link: https://www.econbiz.de/10012963924
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
We introduce a non-linear model to study the adjustment of fiscal policy variables in Greece, Ireland, Portugal and Spain over the last 50 years, based on endogenously estimated budget deficit-to-GDP thresholds, which vary with fiscal disequilibria, the economic cycle and financial market...
Persistent link: https://www.econbiz.de/10013013642
Assessing the impact of the Asset Purchase Programme (APP) by the European Central Bank (ECB) on euro area sovereign … market in the second half of 2014. Therefore, to identify the APP for the euro area, we rely upon Bloomberg news on euro area … APP. The econometric results suggest that the impact of APP on euro area long-term sovereign yields is sizeable, albeit …
Persistent link: https://www.econbiz.de/10012984575