This paper estimates the factors underlying the volatility of the euro overnight interest rate and its transmission along the euro area money market yield curve. A new multivariate unobserved components model is proposed allowing for both long-memory and stationary cyclical dynamics. Using...

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and...

The classical Bagehotu0092s conception of a Lender of Last Resort (LOLR) that lends to illiquid banks has been criticized on two grounds: on the one hand, the distinction between insolvency and illiquidity is not clear cut; on the other a fully collateralized repo market allows Central Banks to...

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Austria.

Es handelt sich um eine, im Auftrag der Europäischen Kommission unter dem übergreifenden Thema "Sicherung eines ausreichenden Lebensstandards für Flüchtlinge in der Europäischen Union" erstellte, Studie zu Asylrecht, Asylpolitik und Asylpraxis in Österreich.

The following report intents to describe the matrimonial property law in Austria. Austrian matrimonial property law to a large extent is settled law. Although very important for marriage this area of law compared to marriage and divorce law is of less interest to legal literature. Only recently...

This Addendum intents to amend the original study on u0093Comparative Law on the Rules Governing Conflicts of Jurisdiction and Laws on Matrimonial Property Regimes and the Implications for Property Issues of the Separation of Unmarried Couples in the Member Statesu0094 prepared in May 2002. The...