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view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …
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Since May 2010 at the latest, the ECB has been criticized for financing government bonds – at least indirectly – and for tolerating to be put under pressure by the fiscal side. The ECB itself has justified its securities markets programme and, thus, its government bond purchases by the need...
Persistent link: https://www.econbiz.de/10010757748
Geldpolitik mit Hilfe von qualitativen Befragungsdaten. Besonderes Augenmerk liegt dabei auf der Untersuchung der Glaubwürdigkeit … der Europäischen Zentralbank (EZB), die als vergleichsweise junge Institution Reputation aufbauen muss. Grundlage der … Auswertung der Daten gehen eine ausführliche Übersicht über die wirtschaftswissenschaftliche Literatur zur Geldpolitik in den …
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credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social …
Persistent link: https://www.econbiz.de/10010699278
credibility. We discuss some factors affecting the transversality condition and show that what is important to satisfy the … condition and thus to maintain central bank credibility is not capital alone but the financial strength that generates no …
Persistent link: https://www.econbiz.de/10010632970
attention to the credibility of their monetary policy, particularly during the last decade. The monetary policy credibility in … Serbia has always been a matter of discussion. One of the main indicators of the lack of credibility in Serbia’s monetary … considers the concept of credibility from both the theoretical and practical viewpoint. The advantages of high credibility are …
Persistent link: https://www.econbiz.de/10010652287