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Detecting and Interpreting Financial Stress in the Euro Area
Grimaldi, Marianna - 2010
in central bank communication to help measure stress in financial markets. For use in real time, the indicator is able to …
Persistent link: https://www.econbiz.de/10013142439
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The New Area-Wide Model II : An Extended Version of the ECB’s Micro-Founded Model for Forecasting and Policy Analysis with a Financial Sector
Coenen, Günter; Karadi, Peter; Schmidt, Sebastian; … - 2021
policies and for the presence of shocks originating in the financial sector itself, (ii) capturing the prominent role of bank …
Persistent link: https://www.econbiz.de/10013315382
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Do Financial Reforms Help Stabilize Inequality?
Christopoulos, Dimitris - 2015
We explore the relationship between financial reforms and income inequality using a panel of 29 countries over 1975-2005. We extend panel unit root tests to allow for the presence of some financial-reform covariates and further suggest an associated but novel, semi-parametric approach. Results...
Persistent link: https://www.econbiz.de/10013024727
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Central Bank Communication on Financial Stability
Born, Benjamin - 2011
Central banks regularly communicate about financial stability issues, by publishing Financial Stability Reports (FSRs) and through speeches and interviews. The paper asks how such communications affect financial markets. Building a unique dataset, it provides an empirical assessment of the...
Persistent link: https://www.econbiz.de/10013127492
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Systemic Risk and Financial Development in a Monetary Model
Moutot, Philippe - 2011
In a stochastic pure endowment economy with money but no financial markets, two types of agents trade one non-durable good using two alternative types of cash constraints. Simulations of the corresponding variants are compared to Arrow-Debreu and Autarky equilibriums. First, this illustrates how...
Persistent link: https://www.econbiz.de/10013124385
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Financial Reforms and Innovation : A Micro-Macro Perspective
Boikos, Spyridon; Bournakis, Ioannis; Christopoulos, … - 2021
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial reforms affect R&D investment and patent activity. First, a “micro” reform that abolishes barriers to entry in the banking sector produces a straightforward result: a...
Persistent link: https://www.econbiz.de/10013229692
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Bridging the Banking Sector with the Real Economy : A Financial Stability Perspective
Costeiu, Adrian - 2013
This paper builds a macro-prudential tool designed to assess whether the banking sector is adequately prepared to orderly withstand losses resulting from normal or stressed macroeconomic and micro-economic scenarios. The link between the banking sector and the real sector is established via the...
Persistent link: https://www.econbiz.de/10013075928
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CoMap : Mapping Contagion in the Euro Area Banking Sector
Covi, Giovanni - 2019
contagion which can be used to calibrate bank-specific capital and liquidity requirements and large exposures limits. We find … non-linear function of the combination of network structures and bank-specific characteristics …
Persistent link: https://www.econbiz.de/10012894738
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Monetary Policy and Capital Regulation in the US and Europe
Cohen-Cole, Ethan - 2010
From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation …
Persistent link: https://www.econbiz.de/10013141874
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Money Markets, Central Bank Balance Sheet and Regulation
Corradin, Stefano; Eisenschmidt, Jens; Hoerova, Marie; … - 2021
with new Basel III regulations and with central bank policies (liquidity provision, asset purchases and the Securities … with worsening money market conditions, while higher central bank liquidity provision was associated with reduced money … market stress. After 2015, the evidence is consistent with central bank asset purchases inducing scarcity effects in some …
Persistent link: https://www.econbiz.de/10013315169