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The role of central bank capital revisited
Bindseil, Ulrich; Manzanares, Andrés; Weller, Benedict - 2004
This paper explores the role of central bank capital in ensuring that central banks focus on price stability in … comprehensive, model of the relationship between a central bank's balance sheet structure and its inflation performance. The first …&L) of a central bank always remains positive, despite adverse shocks, assuming a stability oriented monetary policy. The …
Persistent link: https://www.econbiz.de/10009639452
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EMCC company network : Case example of the Bank of Cyprus Public Company Ltd
European Foundation for the Improvement of Living and … - 2007
The Bank of Cyprus Public Company Ltd. was founded in 1899 and is the holding company of the Bank of Cyprus Group. The … Bank is the leading financial services organisation in Cyprus and operates 115 branches in Greece. It is also well … with the opening of a wholly owned subsidiary bank in Australia, which operates ten branches. The bank also has …
Persistent link: https://www.econbiz.de/10010352900
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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
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The role of product market regulations in the process of structural change
Messina, Julián - 2003
The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, product market regulations raise...
Persistent link: https://www.econbiz.de/10009639850
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Study to increase the understanding of the economic effects of the VAT exemption for finanical and insurance services
PriceWaterhouseCoopers Project Team - 2006
Persistent link: https://www.econbiz.de/10009637798
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The impact of the new financial services framework : Main report, country reports (part I-III)
Europe Economics, London, U.K. - 2007
This study has considered the impact that the Financial Services Action Plan and the legislative measures of the Financial Services White Paper have already had and should be expected to have in the future. These impacts are considered for the European Union as a whole and for each of the...
Persistent link: https://www.econbiz.de/10009638078
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Financial services sector : working conditions and job quality
European Foundation for the Improvement of Living and … - 2015
This report gives an overview of working conditions, job quality, workers’ health and job sustainability in the financial services sector, covering the subsectors of banking (NACE 64), insurance (NACE 65), and activities auxiliary to banking and insurance (NACE 66). It is based mostly on the...
Persistent link: https://www.econbiz.de/10011291633
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Definition of price stability, range and point inflation targets
Castelnuovo, Efrem; Nicoletti-Altimari, Sergio; … - 2003
Announcing a quantitative objective for price developments has become a common practice in modern monetary policy making. While the specific features of such announced objectives vary across countries, a common rationale for this is to help anchoring inflation expectations. We use survey data on...
Persistent link: https://www.econbiz.de/10009635904
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The operational target of monetary policy and the rise and fall of reserve position doctrine
Bindseil, Ulrich - 2004
Before 1914, there was little doubt that central bank policy meant first of all control of short term interest rates … which a central bank should, via open market operation, steer some reserve concept, which would impact via the money … rates only in the 1990s, for example the Bank of England never adopted RPD. This paper explains the astonishing rise and …
Persistent link: https://www.econbiz.de/10009639426
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Labour market reform and the sustainability of exchange rate pegs
Castrén, Olli; Takalo, Tuomas; Wood, Geoffrey - 2004
It is commonly thought that an open economy can accommodate output shocks through either exchange rate or real sector adjustments. We formalise this notion by incorporating labour market rigidities into an “escape clause” model of currency crises. We show that the absence of structural...
Persistent link: https://www.econbiz.de/10009639466