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adjustments made at the EU level would have been necessary independently of the financial crisis …
Persistent link: https://www.econbiz.de/10013101191
The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These monetary authorities exhibit somewhat different status and tasks, which reflect different historical conditions and national characteristics. However, widespread changes in central...
Persistent link: https://www.econbiz.de/10012777320
This paper sheds light on how recent financial tensions in the euro area were ultimately reflected in bank interest rate setting. We make two new contributions. First, we develop a theoretical model capturing banks financing and the rate setting choices. Banks in the model can finance themselves...
Persistent link: https://www.econbiz.de/10012982915