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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

Demographics and Inflation in the Euro Area : A Two-Sector New Keynesian Perspective

Lis, Eliza - 2020

-Keynesian framework with price frictions, calibrated for the euro area, this paper shows that following a commonly specified monetary … inflation found in the data for the euro area. In this model, continuing to follow the same rule makes inflation to be on a …

Persistent link: https://www.econbiz.de/10012838759

Signalling Fiscal Stress in the Euro Area -- A Country-Specific Early Warning System

de Cos, Pablo Hernández - 2014

The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to …, especially for the euro area. We show that a country specific approach could strongly increase the signalling power of early …

Persistent link: https://www.econbiz.de/10013049852

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

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

What Explains the Surge in Euro Area Sovereign Spreads During the Financial Crisis of 2007-09?

Attinasi, Maria Grazia; Checherita-Westphal, Cristina D.; … - 2021

-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …

Persistent link: https://www.econbiz.de/10013316284

The role of fiscal transfers for regional economic convergence in Europe

Checherita-Westphal, Cristina; Nickel, Christiane; … - 2009

This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers, while achieving regional redistribution, seem to...

Persistent link: https://www.econbiz.de/10011605075