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Zero lower bound
Coenen, Günter - 2003
This paper presents the results of a quantitative study of the implications of the zero lower bound on nominal interest rates which was undertaken in the context of the review of the ECBu0092s monetary policy strategy in Spring 2003. Focusing on the euro area, the paper provides an assessment of...
Persistent link: https://www.econbiz.de/10009635906
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Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880 - 2001
Dewald, William G. - 2003
u0093Bond Market Inflation Expectation and Longer-term Trends in Broad Monetary Growth and Inflation in Industrial …-country averages. Inflationary expectations as estimated by bond rates less real growth trends indicated little inflation expectation …
Persistent link: https://www.econbiz.de/10009635923
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Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB
Vähämaa, Sami - 2004
This paper uses data on German government bond futures options to examine the behaviour of market expectations around … monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market … 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
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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
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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
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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
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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
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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
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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