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introduction of the euro. Using data for bond yield spreads relative to an appropriate benchmark, for the period 1991-2005, we find … the introduction of the euro and are more likely to be interpreted as liquidity premiums. We also estimate empirical …
Persistent link: https://www.econbiz.de/10011604925
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
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 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
(including compensation per employee and public employment) and intermediate consumption in the euro area aggregate, euro area … countries and a group of selected non-euro area OECD countries (Denmark, Sweden, the UK, Japan and the US). It looks across a … for the euro area aggregate and euro area countries. The findings reflect mainly the correlation between cyclical …
Persistent link: https://www.econbiz.de/10013317084
Numerous countries have experienced boom-bust episodes in asset prices in the past 20 years. This study looks at stylized facts and conducts statistical and econometric analysis for such episodes, distinguishing between industrialized countries that experienced external adjustment (via real...
Persistent link: https://www.econbiz.de/10013316840
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and rankings by applying a range of measurement...
Persistent link: https://www.econbiz.de/10013318047