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Transmission of financial stress in Europe : the pivotal role of Italy and Spain, but not Greece
González Hermosillo, Brenda; Johnson, Christian - 2014
Persistent link: https://www.econbiz.de/10010388660
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Transmission of Financial Stress in Europe : The Pivotal Role of Italy and Spain, but not Greece
González-Hermosillo, Brenda - 2014
Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … due to their relative importance in the region. Changes in Greece’s sovereign CDS had no significant effect on Germany … area as markets use Germany’s sovereign CDS as a hedge for systemic risk. Although most of the CDS changes for Germany …
Persistent link: https://www.econbiz.de/10014411217
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How loose, how tight? : a measure of monetary and fiscal stance for the euro area
Batini, Nicoletta; Cantelmo, Alessandro; Melina, Giovanni; … - 2020
This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the...
Persistent link: https://www.econbiz.de/10012251959
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Profitability and balance sheet repair of Italian banks
Jobst, Andreas A.; Weber, Anke - 2016
The profitability of Italian banks depends, among other factors, on the strength of the ongoing economic recovery, the stance of monetary policy, and the beneficial effects of current and past reforms, notably to address structural obstacles to resolving nonperforming loans (NPLs) and to foster...
Persistent link: https://www.econbiz.de/10011715316
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German bond yields and debt supply : is there a "bund premium"?
Paret, Anne-Charlotte; Weber, Anke - 2019
Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A higher premium suggests less substitutability of sovereign...
Persistent link: https://www.econbiz.de/10012154614
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Fiscal expectations under the Stability and Growth Pact : evidence from survey data
Poplawski-Ribeiro, Marcos; Ruelke, Jan-Christoph - 2011
Persistent link: https://www.econbiz.de/10009487131
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Fiscal Expectations Under the Stability and Growth Pact : Evidence From Survey Data
Poplawski-Ribeiro, Marcos - 2011
France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …
Persistent link: https://www.econbiz.de/10014412192
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CDS spreads in European periphery : some technical issues to consider
Bilal, Mohsan; Kumar, Manmohan S. - 2012
Persistent link: https://www.econbiz.de/10009572399
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Exchange Rate-Based Stabilization in Western Europe : Greece, Ireland, Italy and Portugal
Detragiache, Enrica - 1997
observed in developing countries, although some resemblance to this pattern could be found in Italy in 1987–92 and Greece in …
Persistent link: https://www.econbiz.de/10014403352
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Estimating Spillover Risk Among Large EU Banks
Ong, Li L. - 2007
The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant...
Persistent link: https://www.econbiz.de/10014400315