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Monetary Policy and Bank Lending in the Euro Area : Is There a Stock Market Channel or an Interest Rate Channel?

Krainer, Robert - 2013

In this paper I compare a traditional demand oriented model of bank lending with its focus on short-term interest rates in the money market, to a non-traditional capital budgeting model of bank lending based on movements in share valuations for the Euro area. Using non-nested hypothesis tests,...

Persistent link: https://www.econbiz.de/10013082363

Financial stress and economic activity in Germany and the Euro Area

Roye, Björn van - 2011

. -- Forecasting ; Financial stress indicator ; Financial Systems ; Recessions ; Slowdowns ; Financial Crises …

Persistent link: https://www.econbiz.de/10009382999

Italy and the euro area crisis : securing fiscal sustainability and financial stability

Denk, Oliver - 2013

Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots. It reflects lingering anxieties over the euro...

Persistent link: https://www.econbiz.de/10009767734

Greece and the Ongoing Sirens’ Song of the Euro

Beretich, Thomas - 2015

Persistent link: https://www.econbiz.de/10013029732

Economic Stability and Economic Governance in the Euro Area : What the European Crisis Can Teach on the Limits of Economic Integration

Lupo-Pasini, Federico - 2013

The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...

Persistent link: https://www.econbiz.de/10013085690

Sovereign Credit Risk in the Euro Zone

Haidar, Jamal Ibrahim - 2012

What is the current state of sovereign credit risk across Euro zone? Does the recent fiscal crisis extend to other (non Euro zone) countries? Is Greece the center of the problem? How did the current fiscal crisis in the Euro area start? Who is behind it? Why can it evolve? How can it be...

Persistent link: https://www.econbiz.de/10013114887

European stabilization policy after the Covid-19 pandemic : more flexible integration or more federalism?

Andersson, Fredrik N. G.; Jonung, Lars - 2022

Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal … policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example … crises as a driver of political change is analysed. Next, we examine in greater detail, the effect of crises on the design of …

Persistent link: https://www.econbiz.de/10013270330

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

States, banks, and the financing of the economy : monetary policy and regulatory perspectives

Balling, Morten (ed., introduction); … - Colloquium "States, Banks and the Financing of the …; … - 2013

, which have developed in recent years with economic, financial and sovereign debt crises. While the contributions included …

Persistent link: https://www.econbiz.de/10011711721

Financial factors in economic fluctuations

Christiano, Lawrence; Rostagno, Massimo; Motto, Roberto - 2010

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...

Persistent link: https://www.econbiz.de/10011605238