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Inflation persistence and robust monetary policy design
Coenen, Günter - 2003
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...
Persistent link: https://www.econbiz.de/10009635885
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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …
Persistent link: https://www.econbiz.de/10009635892
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Optimal allotment policy in the Eurosystem's main refinancing operations
Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2003
" benchmark allotment rule, with the effect of not alleviating a temporary liquidity shortage in the banking system. This is … the present paper, we show that when the monetary authority cares for both liquidity and interest rate conditions, the … threshold level for the accumulated aggregate liquidity position in the banking system prior to the last operation in a given …
Persistent link: https://www.econbiz.de/10009636518
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Study on measuring consumer detriment in the European Union : Final report ; Part 1 – Main report
Alleweldt, Frank (contributor); Kara, Senda (contributor);  … - Civic Consulting - 2017
This study developed a methodology to assess revealed personal consumer detriment that robustly measures and quantifies the incidence and magnitude of detriment at EU and national level, taking into account both pre- and post-redress financial detriment and non-financial detriment such as time...
Persistent link: https://www.econbiz.de/10011998851
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Mikrokredite für Existenzgründer und Kleinstbetriebe
Europäische Kommission / Generaldirektion Unternehmen - 2003
Persistent link: https://www.econbiz.de/10009637562
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Mikrokredite für europäische Kleinunternehmen : Arbeitsdokument der Kommissionsdienststellen
Europäische Kommission - 2004
Persistent link: https://www.econbiz.de/10009637583
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Credit growth in Bulgaria - what are the policy challenges?
Wunner, Norbert - 2006
Bulgaria has for years been facing some of the highest credit growth rates and current account deficits in Central and South-Eastern Europe, raising concerns about possible risks for macroeconomic and financial sector stability. Since standard monetary policy instruments are not available within...
Persistent link: https://www.econbiz.de/10009686306
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Guidelines on disclosure of encumbered and unencumbered assets
European Banking Authority - 2014
Persistent link: https://www.econbiz.de/10010369710
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EBA/CP/2013/48: Draft guidelines on disclosure of encumbered and unencumbered assets : Banking Stakeholder Group Submission
Llewelyn, David T. - 2014
Persistent link: https://www.econbiz.de/10010369716