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Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

Vähämaa, Sami - 2004

monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market …This paper uses data on German government bond futures options to examine the behaviour of market expectations around … expectations, as measured by the skewness of option-implied probability distributions of future bond yields. The results show that …

Persistent link: https://www.econbiz.de/10009636538

The euro area financial system

Hartmann, Philipp; Maddaloni, Angela; Manganelli, Simone - 2003

segments, namely money markets, bond markets, equity markets and banking. Finally, we discuss recent policy initiatives aimed …

Persistent link: https://www.econbiz.de/10009635984

Developing statistical indicators of the integration of the euro area banking system

Manna,Michele - 2004

This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...

Persistent link: https://www.econbiz.de/10009636523