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, the central money market of the United States, reacted to this trans-Atlantic financial disturbance. An array of sources …
Persistent link: https://www.econbiz.de/10012987350
On September 3-4, 2009, SUERF and Utrecht University School of Economics jointly organized the 28th SUERF Colloquium on "The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB and Rabobank are based on contributions to this...
Persistent link: https://www.econbiz.de/10011706504
Persistent link: https://www.econbiz.de/10003985500
We estimate the dynamic effects of a high-frequency identified unionwide quantitative easing (QE) shock on real GDP, inflation and unemployment in all euro area countries. We document that the effects of QE are very heterogenous across countries as regards size, significance and timing,...
Persistent link: https://www.econbiz.de/10014631216
The aim of this study is to explore the previously unresearched outcomes of firms funded through equity crowdfunding, a novel type of entrepreneurial finance. We study the outcomes of a sample of 337 firms funded on equity crowdfunding platforms in Europe between 2009 and 2014. By incorporating...
Persistent link: https://www.econbiz.de/10013030990
banks' reaction to money market movements, which is additionally reduced in groups of countries with similar financial …
Persistent link: https://www.econbiz.de/10010293728
level and money supply on money market rates and government bond yields. Expected consumption growth is modelled using … curve. This empirical work shows that yields are negatively correlated to money supply, as expected in classical IS …-LM models. And that money supply exhibits a slope effect, with the front-end of the curve shifting faster than the longer end …
Persistent link: https://www.econbiz.de/10013133488
Estimates of the natural interest rate are often useful in the analysis of monetary and other macroeconomic policies. The topic gathered much attention following the great financial crisis and the Euro Area debt crisis due to the uncertainty regarding the timing of monetary policy normalization...
Persistent link: https://www.econbiz.de/10012827588
Persistent link: https://www.econbiz.de/10008737381
Das Papier untersucht die durch eine Europäische Währungsunion zu erwartenden Änderungen der Geldschöpfungsgewinne der Mitgliedsländer. Dazu werden die zwischen 1980 und 1995 erzielten einzelstaatlichen Geldschöpfungsgewinne nach dem monetären und dem Opportunitätskostenkonzept...
Persistent link: https://www.econbiz.de/10010317591