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Containing systemic risk
Whelan, Karl - 2009
Systemic risk refers to the risk of financial system breakdown due to linkages between institutions. This risk cannot … for the task of assessing systemic risk and the new European Systemic Risk Board needs to address this issue. There is a … lot of exciting ongoing research devoted to measuring systemic risk and providing signals to regulators as to when and …
Persistent link: https://www.econbiz.de/10009725473
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Sovereign default and the euro
Whelan, Karl - 2013
priced in almost no default risk in the pre-crisis years. The crisis has seen bailouts and bond purchases by the ECB but …
Persistent link: https://www.econbiz.de/10009774847
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The ECB's role in financial supervision
Whelan, Karl - 2009
-level financial supervision and a new European Systemic Risk Board (ESRB) are to be welcomed. The ECB's central role in the ESRB is …
Persistent link: https://www.econbiz.de/10009724997
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The future for Eurozone financial stability policy
Whelan, Karl - 2010
publish regular stress tests, change their regulations on the risk weighting of sovereign debt and put new resolution …
Persistent link: https://www.econbiz.de/10009729283
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Banking union and the ECB as lender of last resort
Whelan, Karl - 2016
Persistent link: https://www.econbiz.de/10011515579
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Europe's long-term growth prospects : with and without structural reforms
McQuinn, Kieran; Whelan, Karl - 2015
Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid-1990s onwards, fallen significantly behind. Using...
Persistent link: https://www.econbiz.de/10010496054
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The past, present and future of Euro area monetary-fiscal interactions
Whelan, Karl - 2022
The EU's Treaties were designed to limit the interaction between fiscal and monetary policies. However, over the last …
Persistent link: https://www.econbiz.de/10012813611
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Quantitative easing and the hot potato effect : evidence from Euro Area Banks
Ryan, Ellen; Whelan, Karl - 2019
We use a bank-level data set to examine the behaviour of central bank reserves in the euro area banking system over the course of the ECB QE programme. Previous research on QE has generally paid little attention to the role of reserve dynamics within the banking system and some have assumed that...
Persistent link: https://www.econbiz.de/10011964370
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The euro at 20 : successes, problems, progress and threats
Whelan, Karl - 2019
The euro has had a difficult second decade but the project has still had some important successes. The common currency is popular among the euro area's citizens, intra-European exchange rate instability has been removed and the ECB has successfully achieved its primary goal of price stability....
Persistent link: https://www.econbiz.de/10012016134