this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the … “normal” and in “bad” times. These results provide evidence to the importance of swiftly restoring bank protability in euro … area crisis countries through addressing high non-performing loans ratios and decisive actions on bank recapitalization. …

in order to account for variations within these variables over time. We argue that measures of money and credit growth … the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … the ECB during the crisis. -- Subprime crisis ; Federal Reserve ; European Central Bank ; equilibrium real interest rate …

¿ forecasts of real time data for several periods are employed. -- European Central Bank ; monetary policy ; real time data …

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit … Volkswirtschaften aus Fernost. Eine Koordination des geld- und fiskalpolitischen Ausstiegs würde die Unabhängigkeit der EZB untergraben …

(ESCB) has agreed to the temporary transfer of the national central bank's gold to a debt agency in full independence. This … (SMP) and its recently announced Outright Monetary Transactions (OMTs). Namely, a central bank using its balance sheet to …

Dieser Beitrag untersucht die Argumente für und gegen einen Ausstieg aus der expansiven Geldpolitik. Der Fokus liegt …

is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB … gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks … Geldpolitik der EZB. …

After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to … sterilise its bond purchases – compensating those purchases through sales of other bonds or money market instruments to keep the … overall money supply unaffected. This is to counter accusations that the ECB is monetizing government debt. This note …