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A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007

on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …, whereas overall loan markets in Germany and Spain were among the best competitive in the EU. The Netherlands occupied a more …, particularly in Germany and the US, than savings and cooperative banks …

Persistent link: https://www.econbiz.de/10003484173

How should central banks communicate?

Ehrmann, Michael (contributor); … - 2005

The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of England and the ECB since 1999, we find that...

Persistent link: https://www.econbiz.de/10003209188

The timing of central bank communication

Ehrmann, Michael (contributor); … - 2005

This paper explores whether there are systematic patterns as to when members of the decision-making committees of the Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances such communication has the ability to move financial...

Persistent link: https://www.econbiz.de/10003230443

Communication and decision-making by central bank committees : different strategies, same effectiveness?

Ehrmann, Michael (contributor); … - 2005

The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...

Persistent link: https://www.econbiz.de/10003014292