Showing 1 - 10 of 42
shortage of deposits has become a major reason for banks ́declining loan supply and ultimately is responsible for a substantial … their deposits are most urgently needed. …
Persistent link: https://www.econbiz.de/10011436681
Persistent link: https://www.econbiz.de/10010416784
In this paper, we survey the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are...
Persistent link: https://www.econbiz.de/10012518247
Persistent link: https://www.econbiz.de/10012612497
Persistent link: https://www.econbiz.de/10012383699
Since 2022 the European Central Bank and Danmarks Nationalbank have increased their key monetary policy rates at a record pace. This study shows that the pass-through to retail rates has been stronger in Denmark than in the euro area so far. Interest rate fixation periods are shorter in Denmark,...
Persistent link: https://www.econbiz.de/10014450527
Persistent link: https://www.econbiz.de/10014430021
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …
Persistent link: https://www.econbiz.de/10003915319
Persistent link: https://www.econbiz.de/10011374122
Persistent link: https://www.econbiz.de/10011333581