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A monthly monetary model with banking intermediation for the euro area

Bruggeman, Annick; Donnay, Marie - 2003

This monthly monetary model for the euro area is gradually constructed from its two constituting components: a money demand and a loan demand model which both include the relation between the respective retail bank rates and the short-term market interest rate. Eventually, the encompassing...

Persistent link: https://www.econbiz.de/10009635913

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

Is the demand for euro area M3 stable?

Bruggeman, Annick; Donati, Paola; Warne, Anders - 2003

This paper re-examines two data issues concerning euro area money demand: aggregation of national data and measurement of the own rate.The main purpose is to study if euro area money demand is subject to parameter non-constancies using formal tests rather than informal diagnostics. As a...

Persistent link: https://www.econbiz.de/10009635921

The demand for euro area currencies

Fischer, Björn; Köhler, Petra; Seitz, Franz - 2004

The present paper analyses currency in circulation in the euro area since the beginning of the 1980s. After a comprehensive literature review on this topic we present some stylised facts on currency holdings in the euro area countries as well as at an aggregate euro area level. The next chapter...

Persistent link: https://www.econbiz.de/10009636553

Technical advice in accordance with Article 39(b) 2 of the CRA Regulation regarding the appropriateness of the development of a European creditworthiness assessment for sovereign d...

European Securities and Markets Authority - 2014

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

Credit Rating Agencies’ 2014 market share calculations for the purposes of Article 8d of the CRA Regulation

European Securities and Markets Authority - 2014

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

The global financial crisis and its effects on the Netherlands

Masselink, Maarten; Van den Noord, Paul - 2009

With very low unemployment, a large and stable current account surplus, low government debt and a budget in surplus, the Dutch economy was assessed initially to be relatively well prepared to weather the financial and economic crisis. In 2008, however, the negative effects of the financial...

Persistent link: https://www.econbiz.de/10009641070

The impact of the financial crisis on European defence

Mölling, Christian; Brune, Sophie-Charlotte - 2011

The financial crisis may pose a risk as well as offer an opportunity for the European defence sector: on the one hand, it sounds plausible that shrinking budgets increase the pressure on member states to cooperate and thus overcome the EU’s problems related to capability development and...

Persistent link: https://www.econbiz.de/10011902469

Managing household debts : social service provision in the EU ; Workshop report - Brussels, 25 June 2010

European Foundation for the Improvement of Living and … - 2010

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...

Persistent link: https://www.econbiz.de/10011903923

Managing household debts : Social service provision in the EU ; Working paper

Dubois, Hans; Anderson, Robert - 2010

household cannot comply with payment requirements – whether it be mortgage, utility or consumer credit payments – on a …

Persistent link: https://www.econbiz.de/10011903924