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The Euro Overnight Interbank Market and ECB's Liquidity Management Policy During Tranquil and Turbulent Times
Cassola, Nuno - 2010
We analyze the impact of the recent financial market crisis on the Euro Overnight Index Average (EONIA) and interbank … use panel data covering liquidity data of 82 Euro Area commercial banks for the period 03/2003 - 07/2007. With the …
Persistent link: https://www.econbiz.de/10013138104
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Euro Money Market Spreads During the 2007-? Financial Crisis
Cassola, Nuno - 2012
In the paper we investigate the empirical features of euro area money market turbulence during the recent financial …
Persistent link: https://www.econbiz.de/10013106591
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Comovements in Volatility in the Euro Money Market
Cassola, Nuno; Morana, Claudio - 2021
This paper assesses the sources of volatility persistence in Euro Area money market interest rates and the existence of …
Persistent link: https://www.econbiz.de/10013317311
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Macroprudential Policy in a Monetary Union with Cross-Border Banking
Darracq Paries, Matthieu - 2019
We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two …-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro …
Persistent link: https://www.econbiz.de/10012889411
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Foreign Banks and the Doom Loop
Albertazzi, Ugo; Cimadomo, Jacopo; Maffei-Faccioli, Nicolò - 2021
granular and confidential data on euro area banks operating in different countries to assess this trade-off. Overall, the …
Persistent link: https://www.econbiz.de/10013231375
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Predicting Distress in European Banks
Betz, Frank - 2013
The paper develops an early-warning model for predicting vulnerabilities leading to distress in European banks using both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset that complements bankruptcies and defaults with state...
Persistent link: https://www.econbiz.de/10013074637
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Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR
Bussière, Matthieu - 2011
This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …
Persistent link: https://www.econbiz.de/10013130602
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The Euro Exchange Rate During the European Sovereign Debt Crisis - Dancing to Its Own Tune?
Ehrmann, Michael - 2013
This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …
Persistent link: https://www.econbiz.de/10013083696
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The Euro's Influence Upon Trade : Rose Effect Versus Border Effect
Cafiso, Gianluca - 2009
This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …
Persistent link: https://www.econbiz.de/10013154597
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Does it Pay to Have the Euro? Italy's Politics and Financial Markets under the Lira and the Euro
Fratzscher, Marcel - 2009
's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …
Persistent link: https://www.econbiz.de/10013159357