Showing 1 - 5 of 5
This paper assesses the macroeconomic implications of the Basel III finalisation for the euro area, employing a large …-scale semi-structural model encompassing over 90 banks and 19-euro area economies. The new regulatory framework will influence … the reform, namely a transitory reduction in euro area gross domestic product (GDP) and in lending to the non …
Persistent link: https://www.econbiz.de/10012602350
share of non-performing loans (NPLs) on the balance sheets of euro area banks. The first is the coverage expectations for … assessment of the package is analysed via a semi-structural model, the Banking Euro Area Stress Test (BEAST). The coverage …
Persistent link: https://www.econbiz.de/10013286744
This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …
Persistent link: https://www.econbiz.de/10013188827
This paper presents an approach to a macroprudential stress test for the euro area banking system, comprising the 91 … largest euro area credit institutions across 19 countries. The approach involves modelling banks'reactions to changing … acknowledging a broad set of interactions and interdependencies between banks, other market participants, and the real economy. Our …
Persistent link: https://www.econbiz.de/10012033284
This paper studies the short-term and long-term consequences of the COVID-19 pandemic for productivity in Europe. Aggregate and sectoral evidence is complemented by firm-level data-based findings obtained from a large microdistributed exercise. Productivity trends during the COVID-19 pandemic...
Persistent link: https://www.econbiz.de/10014480010