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Central bank digital currency and cash in the euro area : current developments and one specific proposal
Rösl, Gerhard; Seitz, Franz - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 523-551
-paid scheme combining central elements of TARGET Instant Payment Settlement and electronic money features enabling offline and …
Persistent link: https://www.econbiz.de/10014518599
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"Banking systems in the euro zone and transmission of monetary policy"
Fernández Fernández, José Alejandro - In: Central Bank review / Central Bank of the Republic of Turkey 24 (2024) 1, pp. 1-24
This study examines the transmission of monetary policy in the eurozone from 2005 to 2021. The novelty of this research lies in defining the European Central Bank's monetary policy through three dimensions extracted via principal component analysis. These components, examined across various...
Persistent link: https://www.econbiz.de/10014518532
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The use of electronic money and its impact on monetary policy
Popovska-Kamnar, Neda - In: Journal of contemporary economic and business issues 1 (2014) 2, pp. 79-92
E-money is the newest payment instrument. As a part of the new electronic payment system (possible future substitute of … traditional payment), e-money raises the professional interest about its implications to further development of banking functions … in the global and networked economy. Statistical evidence confirms the existence of e-money in the developed countries …
Persistent link: https://www.econbiz.de/10011533629
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Dauerkritik an der Europäischen Zentralbank : falsch angewendete Theorie untergräbt Vertrauen in die Geldpolitik
Winkler, Adalbert - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 7, pp. 479-486
Die Beschlüsse der Europäischen Zentralbank vom 5. Juni 2014 sind zum Teil heftig kritisiert worden. Damit setzt sich die überwiegend negative Bewertung an der Politik der Europäischen Zentralbank fort, die seit langem zu beobachten ist, aber im Widerspruch zur realen Entwicklung steht. Sie...
Persistent link: https://www.econbiz.de/10010404442
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Activation of new ECB emergency program TPI not required so far
Bernoth, Kerstin; Dietz, Sara; Ider, Gökhan; Lastra, … - In: DIW weekly report : economy, politics, science : a … 12 (2022) 40, pp. 249-256
Since the beginning of 2022, monetary policy in the euro area has been gradually normalizing. As a result, bond yields of highly indebted countries such as Italy and Greece are rising more sharply than those of countries with less debt, such as Germany, a development referred to as bond market...
Persistent link: https://www.econbiz.de/10013410756
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Revisiting the quantity theory of money in euro area : the case of Greece
Ongan, Serdar; Gocer, Ismet; Ongan, Ayse - In: European journal of comparative economics 19 (2022) 1, pp. 63-77
This study revisits the Quantity Theory of Money for Greece from the perspective of potentially nonlinear relations … variables money stock, price level, and income in the equation of exchange into their increases and decreases. Therefore, the …
Persistent link: https://www.econbiz.de/10013431110
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Demand for money in Greece after Euro area and policy uncertainties
Ongan, Serdar; Gocer, Ismet - In: Review of Economic Analysis : REA 15 (2023) 1, pp. 49-62
This study examines the asymmetric effects of uncertainties in monetary policy on the demand for money in Greece. In … robust explanatory variable in demand-for-money models. Therefore, this study with this index differs from previous empirical … in the MPU index have significant effects on Greek money demand. Additionally, compendious inferences of the nonlinear …
Persistent link: https://www.econbiz.de/10014310223
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Market reactions to ECB policy innovations : a cross-country analysis
Pacicco, Fausto; Vena, Luigi; Venegoni, Andrea - In: Journal of international money and finance 91 (2019), pp. 126-137
Persistent link: https://www.econbiz.de/10012134488
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Do all oil price shocks have the same impact? : evidence from the euro area
Evgenidis, Anastasios - In: Finance research letters 26 (2018), pp. 150-155
Persistent link: https://www.econbiz.de/10012005632
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The bank lending channel of monetary policy in EU countries during the global financial crisis
Heryán, Tomáš; Tzeremes, Panayiotis G. - In: Economic modelling 67 (2017), pp. 10-22
Persistent link: https://www.econbiz.de/10011813752