From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … Taylor rules for our economy that are consistent with a strong pro-inflationary reaction during financial crisis while …

financial crisis, but had a negligible impact on uncollateralised debt issuance decisions. …

and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the … crisis can largely be explained on the basis of economic principles. Second, markets penalise fiscal imbalances much more … US which they did not have before the crisis. These findings underpin the need for achieving sound fiscal positions in …

crisis since mid-2007. We also find that there is some tendency of the yield movements to be larger when the demand for the …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

, particularly during different crisis type periods and origins. Foreign state-controlled banks' loan growth rates are higher than … credit growth during a home banking crisis, while foreign private-owned banks increase lending in the host countries … structure during the global financial crisis of 2008 and gain in importance in the post-crisis period. …

Luxembourg firms during the years of economic and financial crisis (2008-09) and the subsequent European sovereign debt crisis … concerns about labour cost pressures and unavailability of skilled labour. The crisis saw a surge in firms using STWAs. The …

recent crisis. On the wider economic impact of STW, we show that firms using the schemes are significantly less likely to lay …

find that Fed measures in the early phase of the crisis (QE1) were highly effective in lowering sovereign yields and …