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Persistent link: https://www.econbiz.de/10010480636
of fire sale mechanisms. We then demonstrate the power of the methodology on the euro area banking system based on a …
Persistent link: https://www.econbiz.de/10012519357
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
Persistent link: https://www.econbiz.de/10012254361
euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …
Persistent link: https://www.econbiz.de/10012132851
We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two …-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro area …
Persistent link: https://www.econbiz.de/10011996735
first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …
Persistent link: https://www.econbiz.de/10013368565