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Volatility of interest rates in the euro area

Cassola, Nuno; Morana, Claudio - 2003

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...

Persistent link: https://www.econbiz.de/10009635972

The euro area financial system

Hartmann, Philipp; Maddaloni, Angela; Manganelli, Simone - 2003

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...

Persistent link: https://www.econbiz.de/10009635984

The lender of last resort

Freixas, Xavier; Parigi, Bruno M.; Rochet, Jean-Charles - 2003

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...

Persistent link: https://www.econbiz.de/10009636521

Support services for victims of violence in asylum and migration : Greece : 20 - 21 February 2018 ; Discussion Paper - Greece

ÖSB Consulting

Persistent link: https://www.econbiz.de/10012036380

Ex-post evaluation of EU assistance to Croatia in the period 2007-2013 : Final Report ; Main Report

Aide à la Décision Economique - 2019

The present report is the Final Report of the “Ex-post evaluation of EU assistance to Croatia provided during the … development of the necessary capacities for the achievement and continuous uptake of Croatia's commitments for its EU membership … improving current support to enlargement countries. The evaluation’s scope covers pre-accession assistance provided to Croatia …

Persistent link: https://www.econbiz.de/10012056125