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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
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
, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show …
Persistent link: https://www.econbiz.de/10012893903
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We …
Persistent link: https://www.econbiz.de/10012893985
vector autoregressions (VARs) and a large dynamic factor model (DFM) for a quarterly data set of 26 euro area macroeconomic … forecasts shed light on the stability of the dynamic relationships in the euro area during the recent episodes of financial … turmoil and indicate that only a small number of sources drive the bulk of the fluctuations in the euro area economy …
Persistent link: https://www.econbiz.de/10013047977
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
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … aggregate effects of quantitative easing are estimated in a multi-country VAR model of the four largest euro area countries, in …
Persistent link: https://www.econbiz.de/10013315393
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