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Monetary policy after the crisis : a joint publication with the National Bank of Poland
Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.);  … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
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Euro After the Crisis : Key Challenges and Resolution Options
Gurdgiev, Constantin - 2016
The recent Global Financial Crisis (2008-2010) and the accompanying Great Recession (2008-2011) show that the level and the rate of monetary and financial systems integration deployed within the Euro area is not sustainable in the long run. Instead of acting as a buffer against external shocks...
Persistent link: https://www.econbiz.de/10012990752
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Bank Lending Margins in the Euro Area : The Effects of Financial Fragmentation and ECB Policies
Louri, Helen - 2016
In the present paper we study the determinants of the margins paid by euro-area non-financial corporations (NFCs) for their bank loans on top of the rates they earn for their deposits (bank lending margins). We use panel VAR techniques, in order to test for causality relationships and produce...
Persistent link: https://www.econbiz.de/10012998544
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Friends without benefits? : new EMU members and the "euro effect" on trade
Mika, Alina; Zymek, Robert - 2017
We re-visit the evidence about the trade benefits of European Monetary Union (EMU), focusing on the experience of … no evidence of a euro effect on trade flows among early euro adopters up to the year 2002. Second, this finding is robust … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the …
Persistent link: https://www.econbiz.de/10011597238
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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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The transmission of euro area monetary policy to financially euroised countries
Moder, Isabella - 2021
This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on the transmission channels of monetary policy...
Persistent link: https://www.econbiz.de/10012648952
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Equal Size, Equal Role? Interest Rate Interdependence between the Euro Area and the United States
Ehrmann, Michael; Fratzscher, Marcel - 2021
This paper investigates whether the degree of interdependence between the United States and the euro area economies has changed with the advent of EMU. It addresses this issue from the perspective of financial markets by analysing the effects of monetary policy and macroeconomic news on daily...
Persistent link: https://www.econbiz.de/10013319350
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The Transmission of Euro Area Monetary Policy to Financially Euroised Countries
Moder, Isabella - 2021
This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on the transmission channels of monetary policy...
Persistent link: https://www.econbiz.de/10013323906
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Who's afraid of euro area monetary tightening? : CESEE shouldn't
Geis, André; Moder, Isabella; Schuler, Tobias - 2020
After a first phasing out of the ECB's net asset purchases at end-2018, the question of how a future tightening of the ECB's monetary policy may affect countries located in the vicinity of the euro area has gained prominence, but has been left largely unanswered so far. Our paper aims to close...
Persistent link: https://www.econbiz.de/10012224113
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Monetary policy transmission to Russia & Eastern Europe
Stann, Carsten M.; Grigoriadis, Theocharis - 2019
In this paper, we argue that the ECB’s unconventional monetary policy announcements have generated significant spillover effects in Russia and Eastern Europe. The hypothesis is tested using OLS estimations of event-based regressions on monetary policy event dummies and seven financial...
Persistent link: https://www.econbiz.de/10012006697