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How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area
Batini, Nicoletta - 2020
This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the...
Persistent link: https://www.econbiz.de/10012828229
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Corporate governance and current regulation in the German banking sector: an overview and assessment
Köhler, Matthias - 2010
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put on legal and regulatory changes that were made in response to the financial market crisis. The paper shows that the changes mainly focus on the remuneration of managers and on...
Persistent link: https://www.econbiz.de/10010299931
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Executive board composition and bank risk taking
Berger, Allen N.; Kick, Thomas; Schaeck, Klaus - 2012
Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...
Persistent link: https://www.econbiz.de/10010308267
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021
: First, the geographical segmentation of credit markets for small and medium firms (SME) which are dominated by local banks …. Second, a special statutory mandate requiring local public banks to lend to municipalities. With yields on local government … debt declining to all-time lows, local public banks tried to alleviate stress on their balance sheets by using their local …
Persistent link: https://www.econbiz.de/10012796947
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Growing Like Germany : Local Public Debt, Local Banks, Low Private Investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021
: First, the geographical segmentation of credit markets for small and medium firms (SME) which are dominated by local banks …. Secondly, a special statutory mandate requiring local public banks to lend to municipalities. With yields on local government … debt declining to all-time lows, local public banks tried to alleviate stress on their balance sheets by using their local …
Persistent link: https://www.econbiz.de/10013238232
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2022 - This version: August 21, 2022
municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to …
Persistent link: https://www.econbiz.de/10013347219
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Growing Like Germany : Local Public Debt, Local Banks, Low Private Investment
Hoffman, Mathias; Stewen, Iryna; Stiefel, Michael - 2022
municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to …
Persistent link: https://www.econbiz.de/10013492529
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2023 - Revised version, December 2023
municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to …
Persistent link: https://www.econbiz.de/10014464205
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Global policy at the zero lower bound in a large-scale DSGE model
Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo; … - 2010
The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...
Persistent link: https://www.econbiz.de/10011605300
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Global policy at the zero lower bound in a large-scale DSGE model
Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo - 2010
The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...
Persistent link: https://www.econbiz.de/10008688538