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analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …
Persistent link: https://www.econbiz.de/10010270719
analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …
Persistent link: https://www.econbiz.de/10010303823
analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of … ; euro area …
Persistent link: https://www.econbiz.de/10008664568
analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of … ; euro area …
Persistent link: https://www.econbiz.de/10003953045
Persistent link: https://www.econbiz.de/10012991203
Persistent link: https://www.econbiz.de/10012991317
Persistent link: https://www.econbiz.de/10001554582
persistence of euro area policy spreads and, thus, have enhancedthe central bank's inuence on longer-term money market rates. …
Persistent link: https://www.econbiz.de/10005865428
Persistent link: https://www.econbiz.de/10013359308
The most important policy instruments of the Bundesbank and of the coming European Central Bank involve lending to domestic credit institutions. In this monetary setup, banks use short-term central bank credits extensively in order to refinance long-term loans to the public, which makes them...
Persistent link: https://www.econbiz.de/10010309897