We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate “nominal output plus and stock market capitalisation” is closely related to the money stock, lending support to one of … keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …

this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the … “normal” and in “bad” times. These results provide evidence to the importance of swiftly restoring bank pro_tability in euro … area crisis countries through addressing high nonperforming loans ratios and decisive actions on bank recapitalization. …

exit from unconventional monetary policies (UMP) by the Fed, which, appears to be the first central bank to lay out an …

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …. Finally, it comes up with some policy implications from differences in money and credit growth in different individual …

is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB …