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Persistent link: https://www.econbiz.de/10009640216
This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We find that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the...
Persistent link: https://www.econbiz.de/10009635983
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Based on a unique data set referencing exposures on single name credit default swaps (CDS) on European reference … importance of some non-dealer/non-bank participants belonging to the shadow banking system. …
Persistent link: https://www.econbiz.de/10010368104
Article 39b(2) of the CRA Regulation states that the European Commission shall adopt a report by end 2014 – after receiving ESMA’s technical advice – on the appropriateness of the development of a European creditworthiness assessment for sovereign debt.In its request for advice, the...
Persistent link: https://www.econbiz.de/10010392282
European Parliament and the Council of 21 May 2013, amending Regulation (EC) No 1060/2009 on credit rating agencies (CRA …
Persistent link: https://www.econbiz.de/10010392288
One of the objectives of the CRA Regulation is to increase competition in the markets for credit ratings by encouraging … issuers to use smaller credit rating agencies. To this end, Article 8d(1) of the CRA Regulation states that where issuers or … its website every year, indicating their total market share and the types of credit ratings issued. …
Persistent link: https://www.econbiz.de/10010480783
One of the objectives of the CRA Regulation is to increase competition in the markets for credit ratings by encouraging … issuers to use smaller credit rating agencies. To this end, Article 8d(1) of the CRA Regulation states that where issuers or … its website every year, indicating their total market share and the types of credit ratings issued. …
Persistent link: https://www.econbiz.de/10010480784