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Financial systems and the role of banks in monetary policy transmission in the euro area
Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001
available database, BankScope, obscures the heterogeneity across banks. Indeed, for several types of questions BankScope data …Dieses Papier bietet einen umfassenden Vergleich zwischen den Strukturen der Banksysteme und Finanzmärkte im Eurogebiet … ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …
Persistent link: https://www.econbiz.de/10011419463
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Monetary policy transmission : the case of Lithuania
Stakenas, Julius; Stasiukynaite, Rasa - In: Baltic journal of economics 17 (2017) 1, pp. 1-24
We study the effect of a (standard) monetary policy shock in the euro area on the Lithuanian economy. We employ a structural vector autoregressive model incorporating variables from both the euro area and Lithuania. The model exhibits a block exogenous structure to account for the fact that...
Persistent link: https://www.econbiz.de/10011890930
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Bank Lending and Monetary Transmission in the Euro Area
De Santis, Roberto A. - 2013
savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …
Persistent link: https://www.econbiz.de/10013078975
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Spillover effects from euro area monetary policy across the EU : a factor-augmented VAR approach
Potjagailo, Galina - 2016
I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i.e., ten countries from Central and Eastern Europe (CEE) and three Western EU members. The analysis is based on a FAVAR model with two blocks which exploits a large cross-country...
Persistent link: https://www.econbiz.de/10011440779
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Responses to Monetary Policy Shocks in the East and West of Europe : A Comparison
Jarocinski, Marek - 2009
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10012765781
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Spatial Propagation of Macroeconomic Shocks in Europe
Dewachter, Hans - 2010
This paper develops a Spatial Vector Auto-Regressive (SpVAR) model that takes into account both the time and the spatial dimensions of economic shocks. We apply this framework to analyze the propagation through space and time of macroeconomic (inflation, output gap and interest rate) shocks in...
Persistent link: https://www.econbiz.de/10013143231
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael - 2016
Vergleich zwischen den Strukturen der …
Persistent link: https://www.econbiz.de/10012991292
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael - 2010
available database, BankScope, obscures the heterogeneity across banks. Indeed, for several types of questions BankScope data …
Persistent link: https://www.econbiz.de/10013134951
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From cash- to securities-driven euro area repo markets : the role of financial stress and safe asset scarcity
Brand, Claus; Ferrante, Lorenzo; Hubert, Antoine - 2019
Focussing on repo specialness premia, using ISIN-specific transaction-by-transaction data of one-day maturity repos, we document a gradual shift from cash- to securities-driven transactions in euro area repo markets over the period 2010-2018. Compared to earlier studies focussing only on...
Persistent link: https://www.econbiz.de/10011975490
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Spillover effects of unconventional monetary policy on capital markets in the shadow of the Eurozone: a sample of non-Eurozone countries
Mészáros, Mercédesz; Kiss, Gábor Dávid - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 2, pp. 171-195
The transmission mechanism has been dominated by direct monetary measures since the crisis of 2008. While the indirect impacts of the unconventional monetary instruments have not been fully explored yet. Monetary policy and funding conditions determine pricing sentiments for bond, stock and...
Persistent link: https://www.econbiz.de/10012242342