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The importance of a banking union and fiscal union for a capital markets union : fellowship initiative “Challenges to Integrated Markets”

Acharya, Viral V.; Steffen, Sascha - 2017

Persistent link: https://www.econbiz.de/10011714997

Zombie credit and (dis-)inflation: evidence from Europe

Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - 2020

We show that "zombie credit" - cheap credit to impaired firms - has a disinflationary effect. By helping distressed firms to stay afloat, such credit creates excess production capacity, thereby putting downward pressure on product prices. Granular European data on inflation, firms, and banks...

Persistent link: https://www.econbiz.de/10012391508

The "greatest" carry trade ever? : understanding eurozone bank risks

Acharya, Viral V.; Steffen, Sascha - In: Journal of financial economics 115 (2015) 2, pp. 215-236

Persistent link: https://www.econbiz.de/10011347532

The "greatest" carry trade ever? : understanding Eurozone bank risk

Acharya, Viral V.; Steffen, Sascha - 2013

Persistent link: https://www.econbiz.de/10009745644

The "greatest" carry trade ever? : understanding eurozone bank risks

Acharya, Viral V.; Steffen, Sascha - 2013

Persistent link: https://www.econbiz.de/10009749418

Banking union for Europe : risks and challenges

Beck, Thorsten (contributor); Acharya, Viral V. (contributor) - 2012

Persistent link: https://www.econbiz.de/10009690489

Banking union in Europe and other reforms

Acharya, Viral V. - In: Banking union for Europe : risks and challenges, (pp. 35-39). 2012

Persistent link: https://www.econbiz.de/10009696490

Falling short of expectations? : stress-testing the European banking system

Acharya, Viral V.; Steffen, Sascha - 2014

Persistent link: https://www.econbiz.de/10010237180

Lender of last resort versus buyer of last resort : the impact of the European Central Bank actions on the bank-sovereign nexus

Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2016 - This version: February 29, 2016

In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks … public funds to increase their exposure to risky domestic debt, so that when solvency risk in the Eurozone worsened the run … of private short-term investors from Eurozone banks intensified. (ii) In contrast, ECB’s announcement of being a …

Persistent link: https://www.econbiz.de/10011436391

Analyzing Systemic Risk of the European Banking Sector

Acharya, Viral V. - 2012

Since the summer of 2007, the financial system has faced two major systemic crises. European banks have been at the center of both crises, particularly of the European sovereign debt crisis. This article analyzes systemic risk of European banks across both crises exploiting the specific...

Persistent link: https://www.econbiz.de/10013100403