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A more effective euro area monetary policy than OMTs : gold-backed sovereign debt

Belke, Ansgar - 2013

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area … (ESCB) has agreed to the temporary transfer of the national central bank's gold to a debt agency in full independence. This … debt agency passes the gold along, in strict compliance with the prohibition of monetary debt financing. The paper also …

Persistent link: https://www.econbiz.de/10009771146

A more effective euro area monetary policy than OMTs : gold-backed sovereign debt

Belke, Ansgar - 2013

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area … (ESCB) has agreed to the temporary transfer of the national central bank’s gold to a debt agency in full independence. This … debt agency passes the gold along, in strict compliance with the prohibition of monetary debt financing. The paper also …

Persistent link: https://www.econbiz.de/10010255196

Exchange Rates, Financial Integration and Uncertainty : papers presented at the seventeenth European Economics and Finance Society (EEFS) Annual Conference, London, June 21-24, 201...

Belke, Ansgar (ed.) - European Economics and Finance Society / Annual … - 2020

Persistent link: https://www.econbiz.de/10012229756

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off. Communicating about the exit strategy must be an integral part of the exit strategy. Price...

Persistent link: https://www.econbiz.de/10003958646

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off . Communicating about the exit strategy must be an integral part of the exit strategy....

Persistent link: https://www.econbiz.de/10003961040

Finanzkrise, globale Liquidität und makroökonomischer Exit

Belke, Ansgar; Schnabl, Gunther - 2010

A series of crises and emergency interest rate cuts has brought global interest rates towards zero and government debt to historical records. The paper discusses the exit options from unconventional monetary policies and unsustainable government debt. First, the paper sheds light on the...

Persistent link: https://www.econbiz.de/10008748343

The importance of global shocks for national policymakers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2010 - This version: February 12, 2010

Persistent link: https://www.econbiz.de/10008907407

Finanzkrise, globale Liquidität und makroökonomischer Exit

Belke, Ansgar; Schnabl, Gunther - 2010

A series of crisis and emergency interest rate cuts has brought global interest rates towards zero and government debt to historical records. The paper discusses the exit options from unconventional monetary policies and unsustainable government debt. First, the paper sheds light on the...

Persistent link: https://www.econbiz.de/10008855893

Exit strategies and their impact on the Euro area : a model based view

Belke, Ansgar - 2014

Dieser Beitrag untersucht die Argumente für und gegen einen Ausstieg aus der expansiven Geldpolitik. Der Fokus liegt dabei auf der Betrachtung der Effekte eines Ausstiegs der amerikanischen Notenbank Fed auf die Eurozone. Dies erscheint sinnvoll, da die Fed als eine der ersten großen...

Persistent link: https://www.econbiz.de/10010227698

Portfolio choice of financial investors and European business cycle convergence : a panel analysis for EU countries

Belke, Ansgar; Schneider, Jennifer - 2013

financial world” has an impact on business cycles and contributes to business cycle convergence via the consumption …

Persistent link: https://www.econbiz.de/10010255115