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culture. However, the role of cognitive processes has largely been neglected, especially in the analysis of central bank trust …. In this paper we aim to address this gap focusing on the case of the European Central Bank (ECB).We introduce the … driven by women, and in particular by those who say they possess a low understanding of the central bank's policies. …
Persistent link: https://www.econbiz.de/10013189267
Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public …
Persistent link: https://www.econbiz.de/10003375096
the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and …
Persistent link: https://www.econbiz.de/10003599312
been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which … communication leads to greater trust in the central bank among the general public, as it has a positive impact on perceptions of the …
Persistent link: https://www.econbiz.de/10014342276
Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB …
Persistent link: https://www.econbiz.de/10012165306
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
between monetary policy (MP) and bank stability. This technical paper sheds light, quantitatively, on the different mechanisms … underlying the relationship between MP and bank stability. It does so by reviewing microeconometric studies from the academic … touchstone. First, it provides a brief overview of the main theoretical channels linking bank stability and the transmission of …
Persistent link: https://www.econbiz.de/10012165336
Persistent link: https://www.econbiz.de/10011618396
We provide evidence on the estimated effects of digital euro news on bank valuations and lending and find that they … bank intermediation and the economy. Under empirically-relevant assumptions (i.e., central bank collateral requirements and … through an expansion of the central bank balance sheet and profits. The issuance of CBDC exerts a smoothing effect on lending …
Persistent link: https://www.econbiz.de/10013328782
heterogeneous beliefs about bank stability that accounts for this evidence. Consumers who are sufficiently pessimistic prefer to … hold cash. In our model, the introduction of a central bank digital currency (CBDC) as a store of value that is superior to … cash leads to bank disintermediation as some depositors opt for switching to CBDC based on their beliefs. While CBDC …
Persistent link: https://www.econbiz.de/10014278624