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Zettelmeyer, Jeromin; Weidmann, Jens - In: European monetary union : transition, international …, (pp. 13-58). 1997

Persistent link: https://www.econbiz.de/10001298796

Completing Europe's banking union : economic requirements and legal conditions

Beck, Thorsten; Krahnen, Jan Pieter; Martin, Philippe J.; … - 2022

breaking the bank-sovereign vicious circle. The objective was also to restore private liability in banking and to move towards … 'incremental' (broadening the scope for private-sector burden-sharing in future cases of bank failures), 'real' (effectively … breaking the bank-sovereign vicious circle), and 'cosmic' (a single, seamlessly integrated banking market). European …

Persistent link: https://www.econbiz.de/10013494089

ECB Interventions in Distressed Sovereign Debt Markets : The Case of Greek Bonds

Trebesch, Christoph - 2014

This paper analyses the determinants and effects of ECB interventions in times of severe distress. We focus on the Greek government bond market in mid-2010 and use a unique new dataset to show, for the first time, what type of bonds the ECB bought. We then explore the short-term effects of ECB...

Persistent link: https://www.econbiz.de/10013065438

The Search for a Euro Area Safe Asset

Zettelmeyer, Jeromin - 2019

This paper evaluates four approaches to creating "safe assets" or asset portfolios for the euro area: (1) a diversified portfolio of senior tranches of sovereign debt ("national tranching"); (2) a senior security backed by a diversified pool of national sovereign debt ("ESBies"); (3) debt issued...

Persistent link: https://www.econbiz.de/10012899847

Sovereign Debt Sustainability and Central Bank Credibility

Willems, Tim; Zettelmeyer, Jeromin - 2022

credibility of the central bank, which can be accumulated via prudent policies and subsequently drawn on to allow for looser …

Persistent link: https://www.econbiz.de/10014242484

EMU and Long Interest Rates in Germany

Zettelmeyer, Jeromin - 1996

The presence of an “EMU premium” in German long rates is tested by examining the co-movement of German and other European yields, as well as the exchange rate of the private ECU, in reaction to EMU-related events. If German yields incorporate an “EMU premium” while other European...

Persistent link: https://www.econbiz.de/10014397813

A quantitative evaluation of the European commiccion's fiscal governance proposal

Darvas, Zsolt M.; Welslau, Lennard; Zettelmeyer, Jeromin - 2023

In the new European Union fiscal framework proposed by the European Commission in April 2023, medium-term fiscal adjustment requirements would be determined by country-by-country debt sustainability analysis (DSA), the 3 percent deficit ceiling and simple rules requiring minimum deficit and debt...

Persistent link: https://www.econbiz.de/10014372855

The euro at 25 : fit for purpose?

Reichlin, Lucrezia (contributor); … - European Parliament / Directorate-General for Internal … - 2024

This paper reviews the record of European Central Bank policymaking since the 2010-12 euro crisis in order to develop …

Persistent link: https://www.econbiz.de/10015277441

Making a Voluntary Greek Debt Exchange Work

Gulati, G. Mitu - 2012

Within the next couple of months, the Greek government, is supposed to persuade private creditors holding about EUR 200bn in its bonds to voluntarily exchange their existing bonds for new bonds that pay roughly 50 percent less. This may work with large creditors whose failure to participate in a...

Persistent link: https://www.econbiz.de/10013112926

EMU and long interest rates in Germany

Zettelmeyer, Jeromin - 1996

Persistent link: https://www.econbiz.de/10000957906