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Banking, business cycles and corporate bond markets in the context of financial stability and European integration

Gruber, Alexander - 2016

Ansteckungseffekte zwischen Banken und Staaten, die Spannungen in der Eurozone aufgrund von divergierenden Entwicklungen der … und adressiert die internationale Dimension des Themas in der fiskalisch fragmentierten Eurozone. Die Rolle des … Ungleichgewichte in der Realwirtschaft aufgrund von undisziplinierter und unkoordinierter Lohnsetzung innerhalb der Eurozone untersucht …

Persistent link: https://www.econbiz.de/10011478440

Fragmentation and heterogeneity in the euro-area corporate bond market : back to normal?

Zaghini, Andrea - 2016

We assess the degree of market fragmentation in the euro-area corporate bond market by disentangling the determinants of the risk premium paid on bonds at origination. By looking at over 2,400 bonds we are able to isolate the country-specific effects which are a suitable indicator of the market...

Persistent link: https://www.econbiz.de/10011431131

Underpricing in the euro area corporate bond market : new evidence from post-crisis regulation and quantitative easing

Rischen, Tobias; Theissen, Erik - 2018

We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of underpricing. In cross-sectional regressions we find patterns that are consistent with bookbuilding-based theories of underpricing and inconsistent with liquidity-based...

Persistent link: https://www.econbiz.de/10011879015

Fragmentation and heterogeneity in the euro-area corporate bond market : back to normal?

Zaghini, Andrea - In: Journal of financial stability 23 (2016), pp. 51-61

Persistent link: https://www.econbiz.de/10011703811

The impact of the ECB's PEPP project on the COVID-19-Induced crisis in the corporate bond market

Cohen, Lior; Furman, Itai - In: Economics letters 235 (2024), pp. 1-4

Persistent link: https://www.econbiz.de/10015071362

The rise of bond financing in Europe

Darmouni, Olivier; Papoutsi, Melina - 2022

The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry of many smaller...

Persistent link: https://www.econbiz.de/10013198743

Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...

Persistent link: https://www.econbiz.de/10012000041

Money, credit, monetary policy and the business cycle in the euro area : what has changed since the crisis?

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019

Persistent link: https://www.econbiz.de/10011959310

European Monetary Union, emerging markets and econometric issues in international finance

Cornelius, Peter (ed.) - 2000

Persistent link: https://www.econbiz.de/10001506444

Which lender of last resort for Europe? : [a collection of papers from the Financial Markets Group of the London School of Economics]

Goodhart, Charles A. E. (ed.) - 2000

Persistent link: https://www.econbiz.de/10013553149