Narrow search
Showing 1 - 10 of 144
Cover Image
Seigniorage in Europe
Grilli, Vittorio - 2021
In this paper, based on the experience of ten European countries, we study the relevance of seigniorage revenues in the recent past, and we speculate about their importance in the near future. We find that the members of the European community differ widely in the way they manage monetary...
Persistent link: https://www.econbiz.de/10013248704
Cover Image
The International Linkage of Real Interest Rates : the European - U.S. Connection
Cumby, Robert E.; Mishkin, Frederic S. - 2021
rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …
Persistent link: https://www.econbiz.de/10013313673
Cover Image
What drives forbearance : evidence from the ECB Comprehensive Assessment
Homar, Timotej; Kick, Heinrich; Salleo, Carmelo - 2015
Persistent link: https://www.econbiz.de/10011349796
Cover Image
Lending-of-last-resort is as lending-of-last-resort does : central bank liquidity provision and interbank market functioning in the euro area
Garcia de Andoain, Carlos; Heider, Florian; Hoerova, Marie - 2016
Persistent link: https://www.econbiz.de/10011448928
Cover Image
Does liquidity regulation impede the liquidity profile of collateral?
Schmidt, Kirsten - 2019
We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The LCR considers only a subset of central bank eligible assets and thereby offers banks an arbitrage opportunity to improve their regulatory ratio by altering their collateral...
Persistent link: https://www.econbiz.de/10011994641
Cover Image
Introducing ECB-BASE : the blueprint of the new ECB semi-structural model for the euro area
Angelini, Elena; Bokan, Nikola; Christoffel, Kai; … - 2019
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide...
Persistent link: https://www.econbiz.de/10012098167
Cover Image
Tracing the impact of the ECB's asset purchase programme on the yield curve
Eser, Fabian; Lemke, Wolfgang; Nyholm, Ken; Radde, Sören; … - 2019
We trace the impact of the ECB's asset purchase programme (APP) on the sovereign yield curve. Exploiting granular information on sectoral asset holdings and ECB asset purchases, we construct a novel measure of the "free-float of duration risk" borne by price-sensitive investors. We include this...
Persistent link: https://www.econbiz.de/10012024810
Cover Image
Leading indicator properties of corporate bond spreads, excess bond premia and lending spreads in the euro area
Krylova, Elizaveta - 2016
Persistent link: https://www.econbiz.de/10011618349
Cover Image
Have monetary data releases helped markets to predict the interest rate decisions of the European Central Bank?
Jung, Alexander - 2016
Persistent link: https://www.econbiz.de/10011618604
Cover Image
Bond risk premia, macroeconomic factors and financial crisis in the euro area
Garcia, Juan Angel; Werner, Sebastian E. V. - 2016
Persistent link: https://www.econbiz.de/10011618758