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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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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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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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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
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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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The Effect of Eurosystem Asset Purchase Programmes on Euro Area Sovereign Bond Yields During the Covid-19 Pandemic
Hondroyiannis, G.; Papaoikonomou, Dimitrios - 2022
We investigate the effect of Eurosystem Asset Purchase Programmes (APP) on the monthly yields of 10-year sovereign bonds for 11 euro area sovereigns during January-December 2020. The analysis is based on time-varying coefficient methods applied to monthly panel data covering the period 2004m09...
Persistent link: https://www.econbiz.de/10013492320
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Monetary and macroprudential policy in an estimated DSGE model of the euro area
Quint, Dominic; Rabanal, Pau - 2014
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716