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The (unintended?) consequences of the largest liquidity injection ever
Crosignani, Matteo; Faria-e-Castro, Miguel; Fonseca, Luís - 2017
to 10.6% of amounts outstanding, and pledge them to obtain central bank liquidity. The steepening of Eurozone peripheral …The design of lender-of-last-resort interventions can exacerbate the bank-sovereign nexus. During sovereign crises …, central bank provision of long-term liquidity incentivizes banks to purchase high yield eligible collateral securities …
Persistent link: https://www.econbiz.de/10011782859
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A quantitative analysis of countercyclical capital buffers
Faria-e-Castro, Miguel - 2019
What are the quantitative effects of countercyclical capital buffers (CCyB)? I study this question in the context of a nonlinear DSGE model with a financial sector that is subject to occasional panics. A calibrated version of the model is combined with US data to estimate sequences of structural...
Persistent link: https://www.econbiz.de/10011998026
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EBITDA add-backs in debt contracting : a step too far?
Faria-e-Castro, Miguel; Gopalan, Radhakrishnan; Pal, … - 2022
Persistent link: https://www.econbiz.de/10013447883
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A quantitative theory of relationship lending
Dempsey, Kyle P.; Faria-e-Castro, Miguel - 2022
Persistent link: https://www.econbiz.de/10013447983
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The implementation and rationale of the ECB's new inflation target
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - 2021
Persistent link: https://www.econbiz.de/10013169512
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The ECB's measures in support of the COVID-19 crisis
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - 2021
Persistent link: https://www.econbiz.de/10013169541
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Staying together or breaking apart : policy-makers' endogenous coalitions formation in the European Economic and Monetary Union
Di Bartolomeo, Giovanni; Engwerda, Jacob Christiaan; … - 2002
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
Persistent link: https://www.econbiz.de/10011597642
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Inflation dynamics and monetary policy in the euro area
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - 2023
Persistent link: https://www.econbiz.de/10014240115
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Dancing on the edge of stagflation
Canofari, Paolo; Di Bartolomeo, Giovanni; Messori, Marcello - 2022
Persistent link: https://www.econbiz.de/10013448107
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Stagflation and fragmentation : the euro area at the crossroads
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - 2022
Persistent link: https://www.econbiz.de/10013448113