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Why EMU is irrelevant for the German economy

Posen, Adam Simon - 1998

No one seems to be neutral about the effects of EMU on the German economy. Roughly speaking, there are two camps: those who see the euro as the advent of a newly open, large, and efficient regime which will lead to improvements in European and in particular in German competitiveness; those who...

Persistent link: https://www.econbiz.de/10009768851

The European Central Bank's outright monetary transactions and the Federal Constitutional Court of Germany

Siekmann, Helmut; Wieland, Volker - 2013

This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market...

Persistent link: https://www.econbiz.de/10010225422

Monetary policy and the resilience of the German banking system : from Deutsche Bundesbank to ECB

Sepp, Tim Florian; Israel, Karl-Friedrich; Treitz, Benjamin - 2024

The resilience of the German banking system is studied on the semiaggregated level from 1968 to 2022. We distinguish between Large Banks, Regional Banks, Landesbanken, Sparkassen and Credit Unions and study their z-scores as a measure of resilience in response to the monetary policy stances of...

Persistent link: https://www.econbiz.de/10014471868

Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited

Sinn, Hans-Werner; Feist, Holger - 2000

The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of … the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence … the implicit entitlement to the 352 billion stock of interest bearing assets which the central banks contributed to the …

Persistent link: https://www.econbiz.de/10009781634

Look who's talking : ECB communication during the first years of EMU

Jansen, David-Jan; Haan, Jakob de - 2004

and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and … have indeed been contradictory. Furthermore, national central banks continue to dominate communication on monetary policy …

Persistent link: https://www.econbiz.de/10011450560

Rules versus human beings, and the mandate of the ECB

Fratzscher, Marcel - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 1, pp. 68-87

The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly …

Persistent link: https://www.econbiz.de/10011458707

The German public and its trust in the ECB : the role of knowledge and information search

Hayo, Bernd; Neuenkirch, Edith - In: Journal of international money and finance 47 (2014), pp. 286-303

Persistent link: https://www.econbiz.de/10010464015

The financial repression policy of the European Central Bank : interest income and welfare losses for German savers

Rösl, Gerhard; Tödter, Karl-Heinz - In: ifo DICE report 15 (2017) 1, pp. 3-4

In the aftermath of the global financial and economic crisis, the ECB became deeply involved in activities aimed at stabilizing the financial system, over-leveraged banks, and over-indebted governments. This article addresses the costs of these monetary policy measures, which heavily exceed the...

Persistent link: https://www.econbiz.de/10011713401

ECB vs Bundesbank : diverging tones and policy effectiveness

Tillmann, Peter; Walter, Andreas - 2018

The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past...

Persistent link: https://www.econbiz.de/10011858943

The German public and its trust in the ECB : the role of knowledge and information search ; conference paper

Hayo, Bernd; Neuenkirch, Edith - 2013 - This version: 31 October 2013

In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...

Persistent link: https://www.econbiz.de/10010482584

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