Showing 1 - 10 of 246
The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …
Persistent link: https://www.econbiz.de/10003456409
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …
Persistent link: https://www.econbiz.de/10003484173
dimensionality reduction optimally, given the nature of our dataset which features a large number of dimensions for each bank ('fat …
Persistent link: https://www.econbiz.de/10011656196
This paper examines the effects of monetary policy on the equity values of European banks. We identify monetary policy shocks by looking at changes in the EONIA one-month and two-year swap contract rates during narrow windows around the press statements and press conferences announcing monetary...
Persistent link: https://www.econbiz.de/10011928956
Persistent link: https://www.econbiz.de/10010195373
The US Federal Reserve cut interest rates more vigorously in the recent recession than the European Central Bank did …
Persistent link: https://www.econbiz.de/10003507027
This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank …, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of …
Persistent link: https://www.econbiz.de/10008659377
The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … the diversity of views on the economic outlook that enhance the effectiveness of central bank communication …
Persistent link: https://www.econbiz.de/10003209188
Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …
Persistent link: https://www.econbiz.de/10003230443
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy …
Persistent link: https://www.econbiz.de/10003014292