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Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10011419463

Household risk management and actual mortgage choice in the euro area

Ehrmann, Michael; Ziegelmeyer, Michael - 2013

Persistent link: https://www.econbiz.de/10010420114

Mortgage choice in the euro area : macroeconomic determinants and the effect of monetary policy on debt burdens

Ehrmann, Michael; Ziegelmeyer, Michael - In: Journal of money, credit and banking : JMCB 49 (2017) 2/3, pp. 469-494

Persistent link: https://www.econbiz.de/10011708071

Household risk management and actual mortgage choice in the euro area

Ehrmann, Michael; Ziegelmeyer, Michael - 2014

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the resulting …

Persistent link: https://www.econbiz.de/10010235889

Household risk management and actual mortgage choice in the euro area

Ehrmann, Michael; Ziegelmeyer, Michael - 2014

Persistent link: https://www.econbiz.de/10010347901

Household risk management and actual mortgage choice in the euro area

Ehrmann, Michael; Ziegelmeyer, Michael - 2014

Persistent link: https://www.econbiz.de/10010239894

Household Risk Management and Actual Mortgage Choice in the Euro Area

Ehrmann, Michael - 2014

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

Persistent link: https://www.econbiz.de/10013060536

Will EMU generate asymmetry? : comparing monetary policy transmission across European countries

Ehrmann, Michael - 1998

Persistent link: https://www.econbiz.de/10001353982

Interbank lending and monetary policy transmission : evidence for Germany

Ehrmann, Michael; Worms, Andreas - 2001

This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks. Whereas small cooperative and savings...

Persistent link: https://www.econbiz.de/10011419387

Firm size and monetary policy transmission : evidence from German business survey data : presented at CEFifo conference "Academic Use of ifo Survey Data", December 2003

Ehrmann, Michael - 2004

Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...

Persistent link: https://www.econbiz.de/10011449239