Showing 1 - 10 of 14
This study assesses the European Central Bank's (ECB) crisis management performance and potential for crisis resolution …. The study investigates the institutional and functional constraints that delineate the ECB's scope for policy action under … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in …
Persistent link: https://www.econbiz.de/10011545305
This paper attempts to empirically assess the impact of the ECB's quantitative easing policy on capital flows in the …, one should expect that the buoyant liquidity provided by the ECB might affect the size of the capital inflows. We test …. Contrary to the expected outcome, the results reveal either negative or insignificant impact of the change in the ECB balance …
Persistent link: https://www.econbiz.de/10012109771
This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious … circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the … especially the ECB are firmly geared against it. The ECB's monetary policies have been biased against growth and have thus proved …
Persistent link: https://www.econbiz.de/10010266550
This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the … of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more … national media in disseminating ECB messages and the diverse reactions among consumers in different euro area countries. …
Persistent link: https://www.econbiz.de/10014551750
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...
Persistent link: https://www.econbiz.de/10014551793
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying...
Persistent link: https://www.econbiz.de/10013208809
This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … a sharp fall in trust in the ECB. The recent economic recovery has strengthened support for the euro as well as trust in … the ECB. We suggest that support for the euro as a medium of exchange was not strongly affected by the crisis, while trust …
Persistent link: https://www.econbiz.de/10013208851
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10013208882
The EU's fiscal rules, set out in the Maastricht Treaty of 1993 and the Stability and Growth Pact of 1997, are anchored to GDP. The debt ceiling and the deficit threshold are set to 60 percent and 3 percent of GDP, respectively. Recently, prominent economists and policymakers, have argued that...
Persistent link: https://www.econbiz.de/10013208911
We study the impact of ECB's supervisory announcements on the Bank Stock index, from 2013 through 2017. Our evidence …
Persistent link: https://www.econbiz.de/10013364507