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It seems clear that the ECB will raise interest rates in July 2022 and end its asset purchase program. This should send a strong and important signal to markets and economic players that the ECB continues to take its mandate for price stability seriously. However, it cannot be said with absolute...
Persistent link: https://www.econbiz.de/10013343124
It seems clear that the ECB will raise interest rates in July 2022 and end its asset purchase program. This should send a strong and important signal to markets and economic players that the ECB continues to take its mandate for price stability seriously. However, it cannot be said with absolute...
Persistent link: https://www.econbiz.de/10013345719
Am 1. Januar 1999 wurde der Euro als Buchgeld eingeführt. Schon ein halbes Jahr zuvor war die Europäische Zentralbank gegründet worden. Die Europäische Währungsunion hat mittlerweile einige Krisen überstanden. Probleme gab es vor allem, weil die gesetzten Rahmenbedingungen ihre Wirkung...
Persistent link: https://www.econbiz.de/10012158496
Am 1. Januar 1999 wurde der Euro als Buchgeld eingeführt. Schon ein halbes Jahr zuvor war die Europäische Zentralbank gegründet worden. Die Europäische Währungsunion hat mittlerweile einige Krisen überstanden. Probleme gab es vor allem, weil die gesetzten Rahmenbedingungen ihre Wirkung...
Persistent link: https://www.econbiz.de/10011986742
The debate about TARGET2, the payment system of the European System of Central Banks (ESCB), has resulted in controversial discussions in Germany in recent years. The present study by DIW Berlin concludes that fears often expressed in this context of the risks to Germany are largely unfounded....
Persistent link: https://www.econbiz.de/10010327603
Central banks regularly communicate about financial stability issues, by publishing Financial Stability Reports (FSRs) and through speeches and interviews. The paper asks how such communications affect financial markets. Building a unique dataset, it provides an empirical assessment of the...
Persistent link: https://www.econbiz.de/10009640771
The debate about TARGET2, the payment system of the European System of Central Banks (ESCB), has resulted in controversial discussions in Germany in recent years. The present study by DIW Berlin concludes that fears often expressed in this context of the risks to Germany are largely unfounded....
Persistent link: https://www.econbiz.de/10011128066
Target 2 - the payment system of the Eurosystem - caused a controversial debate in Germany during the recent past. This report reaches the conclusion, that any fear expressed with respect to potentially too large risks for Germany is to a large extent unfounded. Rather, Germany should be...
Persistent link: https://www.econbiz.de/10011128409
Since the beginning of the crisis, large Target 2 positions developed on the balance sheets of the national central banks in the euro area. At the height of this development in the middle of 2012, the German Bundesbank disclosed Target-claims vis-à-vis the ECB amounting to around 750 billion...
Persistent link: https://www.econbiz.de/10011128805
Central banks regularly communicate about financial stability issues, by publishing Financial Stability Reports (FSRs) and through speeches and interviews. The paper asks how such communications affect financial markets. Building a unique dataset, it provides an empirical assessment of the...
Persistent link: https://www.econbiz.de/10011605378