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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

Structures of Education, Vocational Training and Adult Education Systems in Europe : The Netherlands ; 2003

Education Information Network in the EuropeanUnion; Eurydice - 2003

Structures of education, vocational training and adult education systems in Europe For anyone trying to understand the general organisation of education systems in Europe, these monographs set out in some 40 pages for each country, full basic and regularly updated information on its own...

Persistent link: https://www.econbiz.de/10009636297

Dietz, Egon; Kuipers, Rob; Salomons, Rob - 2000

In the second half of 1999 Statistics Netherlands carried out an ad hoc project on environment-related employment in … the Netherlands. The European Commission co-financed this project under the Community programme Environmental protection … and employment. Direct environment-related employment in the Netherlands estimated at least at 92,000 (end of 1997), which …

Persistent link: https://www.econbiz.de/10009636713