Showing 1 - 10 of 1,033
been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which … communication leads to greater trust in the central bank among the general public, as it has a positive impact on perceptions of the …
Persistent link: https://www.econbiz.de/10014354162
Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB …
Persistent link: https://www.econbiz.de/10012841204
culture. However, the role of cognitive processes has largely been neglected, especially in the analysis of central bank trust …. In this paper we aim to address this gap focusing on the case of the European Central Bank (ECB). We introduce the … driven by women, and in particular by those who say they possess a low understanding of the central bank’s policies …
Persistent link: https://www.econbiz.de/10013290093
-section of individual bank portfolio decisions. For this purpose, an augmented version of the DSGE model of Gertler and Karadi … (2013), featuring a segmented banking sector, is estimated for the euro area and combined with a bank portfolio optimisation … approach using granular bank level data. An important feature of our modelling approach is that it captures the heterogeneity …
Persistent link: https://www.econbiz.de/10012988604
We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of the ECB’s two-tier system which heterogeneously reduced the cost of additional reserves holdings. We find that the treated banks increase reserve holdings by borrowing on the...
Persistent link: https://www.econbiz.de/10014239530
Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …
Persistent link: https://www.econbiz.de/10011604611
-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … and powerful part of the central bank’s toolkit since it has the ability to move financial markets, to enhance the …
Persistent link: https://www.econbiz.de/10011604944
The paper studies the central bank collateral framework and its impact on banks’ liquidity under an adverse stress test … four funding channels: unsecured loans, asset sales, private repurchase agreements, or Central Bank lending. We test three … highlight the heterogeneous effects across different jurisdictions and financial institutions. We find that bank equity losses …
Persistent link: https://www.econbiz.de/10014354850
-world developments have spawned a huge new scholarly literature on central bank communication - mostly empirical, and almost all of it … and powerful part of the central bank's toolkit since it has the ability to move financial markets, to enhance the …
Persistent link: https://www.econbiz.de/10012756645
We empirically analyse the relationship between longer term central bank liquidity support and banks' balance sheet …
Persistent link: https://www.econbiz.de/10012860052