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Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Coenen, Günter; Orphanides, Athanasios; Wieland, Volker - 2003

asymmetry of the policy ineffectiveness induced by the zero bound generates a non-vertical long-run Phillips curve. Output falls …

Persistent link: https://www.econbiz.de/10009635983

Why has broad money demand been more stable in the euro area than in other economies?

Calza, Alessandro; Sousa, João - 2003

Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...

Persistent link: https://www.econbiz.de/10009635916

Growth expectations, capital flows and international risk sharing

Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...

Persistent link: https://www.econbiz.de/10009635970

Cooperation in international banking supervision

Holthausen, Cornelia; Rønde, Thomas - 2004

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

Persistent link: https://www.econbiz.de/10009636539

L'indemnisation des citoyens et des residents permanents europeens victimes de la criminalite ou du terrorisme en dehors du territoire de l'union europeenne

Lex fori ; International Network of Lawyers - 2005

Persistent link: https://www.econbiz.de/10009637836

L'indemnisation des citoyens et des residents permanents europeens victimes de la criminalite ou du terrorisme en dehors du territoire de l'union europeenne

Lex fori ; International Network of Lawyers - 2005

Persistent link: https://www.econbiz.de/10009637849

L'indemnisation des citoyens et des residents permanents europeens victimes de la criminalite ou du terrorisme en dehors du territoire de l'union europeenne

Lex fori ; International Network of Lawyers - 2005

Persistent link: https://www.econbiz.de/10009637862

The challenges of global health governance : working paper

Fidler, David P. (contributor) - The Council on Foreign Relations - 2010

Persistent link: https://www.econbiz.de/10009786828

Sustainability of the Estonian macroeconomic performance in the light of the EU membership

Olenko, Katrin - 2004

Estonia with the EU-15 and the former accession countries. It gives an overview of the nominal convergence according to the … rules laid down by EC Treaty on EMU convergence criteria. In the context of real convergence the set of criteria provided by …

Persistent link: https://www.econbiz.de/10009636773

Convergence of real GDP per capita in the EU15: How do the accession countries fit in?

Kaitila, Ville - 2004

. Convergence occurred in two spells, in 1960u009673 and 1986u00962001, with an interim period of stagnation. In this paper, we … analyse both s and b convergence and discuss the impact of EU membership, trade and investment. We also analyse how seven … growth in the accession countries. Still, the experience of the EU15 countries shows that convergence cannot be taken for …

Persistent link: https://www.econbiz.de/10009636868