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A new approach to measuring competition in the loan markets of the euro area

van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007

This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …

Persistent link: https://www.econbiz.de/10011604814

Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment

Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Persistent link: https://www.econbiz.de/10011605369

Monetary policy and local industry structure

Popov, Alexander; Steininger, Lea - 2023

We study how monetary policy affects local market competition in a union of countries experiencing different economic …

Persistent link: https://www.econbiz.de/10014374466

A look at intraday frictions in the euro area overnight deposit market

Brousseau, Vincent; Manzanares, Andrés - 2005

This paper studies frictions in the euro area interbank deposit overnight market, making use of high frequency individual quote and trade data. The aim of the analysis is to determine, in a quantitative way, how efficient this market is. Besides a comprehensive descriptive analysis, the approach...

Persistent link: https://www.econbiz.de/10011604485

Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data

Rosati, Simonetta; Secola, Stefania - 2005

We analyse the distribution of the TARGET cross-border interbank payment flows, from both a cross-section and time series point of view, using average daily data for the period 1999-2002. We find out that first, “location matters”, in the sense that bilateral payment flows seem to reflect an...

Persistent link: https://www.econbiz.de/10011604489

Trade effects of the euro: evidence from sectoral data

Baldwin, Richard E.; Skudelny, Frauke; Taglioni, Daria - 2005

monopolistic competition set-up, the effect of exchange rate uncertainty on trade has nonlinear features, suggesting that EMU and a …

Persistent link: https://www.econbiz.de/10011604492

The French block of the ESCB multi-country model

Boissay, Frédéric; Villetelle, Jean-Pierre - 2005

This paper presents the French country block of the ESCB Multi-Country Model for the euro area, which has been built in collaboration by the ECB and the Banque de France. The theoretical structure of the model is in line with most current macroeconometric models, i.e. supply factors determine...

Persistent link: https://www.econbiz.de/10011604502

Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?

De Grauwe, Paul; Mongelli, Francesco Paolo - 2005

This paper brings together several strands of the literature on the endogenous effects of monetary integration: i.e., whether sharing a single currency may set in motion forces bringing countries closer together. The start of EMU has spurred a new interest in this debate. Four areas are...

Persistent link: https://www.econbiz.de/10011604514

Structural filters for monetary analysis: the inflationary movements of money in the euro area

Bruggeman, Annick; Camba-Méndez, Gonzalo; Fischer, Björn - 2005

The quantity theory of money predicts a positive relationship between monetary growth and inflation over long-run horizons. However, in the short-run, transitory shocks to either money or inflation can obscure the inflationary signal stemming from money. The spectral analysis of time series...

Persistent link: https://www.econbiz.de/10011604516

The performance and robustness of interest-rate rules in models of the euro area

Adalid, Ramón; Coenen, Günter; McAdam, Peter; … - 2005

In this paper, we examine the performance and robustness of optimised interest-rate rules in four models of the euro area which differ considerably in terms of size, degree of aggregation, relevance of forward-looking behavioural elements and adherence to micro-foundations. Our findings are...

Persistent link: https://www.econbiz.de/10011604525

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