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Unconventional Monetary Policy of the ECB during the Financial Crisis : An Assessment and New Evidence
Pattipeilohy, Christiaan - 2013
of the ECB's unconventional monetary policy measures, i.e. extended liquidity provision (LTRO) and the Securities Market …
Persistent link: https://www.econbiz.de/10013080630
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Central Banking and Monetary Policy: What will be the post-crisis new normal?
Davies, Howard; Miles, David; Capie, Forrest; … - 2016
Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
Persistent link: https://www.econbiz.de/10011689972
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The end of stability and growth pact?
de Haan, Jakob; Berger, Helge; Jansen, David-Jan - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2003
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
Persistent link: https://www.econbiz.de/10009323164
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Contagion during the Greek sovereign debt crisis
Mink, Mark; de Haan, Jakob - In: Journal of International Money and Finance 34 (2013) C, pp. 102-113
We examine the impact of news about Greece and news about a Greek bailout on bank stock prices in 2010 using data for 48 European banks. We identify the twenty days with extreme returns on Greek sovereign bonds and categorise the news events during those days into news about Greece and news...
Persistent link: https://www.econbiz.de/10010869453
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An Empirical Analysis of Excess Interbank Liquidity: A Case Study of Pakistan
Muhammad, Omer; de Haan, Jakob; Scholtens, Bert - Volkswirtschaftliche Fakultät, … - 2014
We investigate the drivers of excess interbank liquidity in Pakistan, using the Autoregressive Distributed Lag approach … bank and non-banks leads to persistence in excess liquidity. Moreover, we identify a structural shift in the interbank … market in June 2008. Before June 2008, low credit demand was driving the excess liquidity holdings by banks. After June 2008 …
Persistent link: https://www.econbiz.de/10011109947
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The end of stability and growth pact?
de Haan, Jakob; Berger, Helge; Jansen, David-Jan - 2003
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
Persistent link: https://www.econbiz.de/10010306526
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Why Has the Stability and Growth Pact Failed?
de Haan, Jakob; Berger, Helge; Jansen, David-Jan - 2011
This paper evaluates the Stability and Growth Pact. After briefly examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice of hard versus soft law and drawing inferences from characteristics of successful fiscal...
Persistent link: https://www.econbiz.de/10014066966
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The End of the Stability and Growth Pact?
de Haan, Jakob; Berger, Helge; Jansen, David-Jan - 2021
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
Persistent link: https://www.econbiz.de/10013319611
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Inflation and the Income Share of the Rich: Evidence for 12 OECD Countries
el Herradi, Mehdi; de Haan, Jakob; Leroy, Aurélien - 2020
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012207968
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Inflation and the Income Share of the Rich : Evidence for 12 OECD Countries
El Herradi, Mehdi - 2020
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012837453