This paper discusses some of the principal issues relating to the reconstruction of the financial sector in conflict-affected countries, focusing on currency reform, the rebuilding (or creation) of central banks, the revitalization of the banking system, and its prudential supervision and...

The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...

Politisch mag es nicht korrekt sein, nach der Zukunft des Euro zu fragen. Wissenschaftlich ist diese Frage nach Ansicht von Stefan Homburg, Universität Hannover, aber berechtigt, weil Zweifel am Bestand der Eurozone zunehmen und die aktuelle Entwicklung dunkle Reminiszenzen an das Vorfeld...

This paper explores whether there are systematic patterns as to when members of the decision-making committees of the Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances such communication has the ability to move financial...

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it written in this decade. We survey this...