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Did interest rates at the zero lower bound affect lending of commercial banks? : evidence for the euro area
Belke, Ansgar; Dreger, Christian - 2019
- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … banking regulation. The panel estimation includes 706 banks from 15 Euro area member states and is conducted for the period …
Persistent link: https://www.econbiz.de/10012063954
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …
Persistent link: https://www.econbiz.de/10011389101
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Re-vitalizing money demand in the euro area : still valid at the zero lower bound
Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …
Persistent link: https://www.econbiz.de/10011532681
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2010
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2010 - Submitted on 10/Sept./2010
liquidity shocks on real share and house prices, VAR models are specified for the US and the euro area, as well as global VARs … effect is restricted to the US. Stock market prices are not affected. Thus, the results suggest that the link between …
Persistent link: https://www.econbiz.de/10011518883
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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2009
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10011518893
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Is globalization reducing the ability of central banks to control inflation? : in-depth analysis
Dreger, Christian; Rieth, Malte; Pothier, David - 2015
Persistent link: https://www.econbiz.de/10011443538
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …
Persistent link: https://www.econbiz.de/10011384239
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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10011384244
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …
Persistent link: https://www.econbiz.de/10003807460