Showing 1 - 10 of 8,616
The aim of this paper is to assess the dimension of factors and shocks that drive financial conditions, and in particular financial stress in the euro area. A second aim is to construct summary indices on the conditions and level of stress in financial markets with the aid of a dynamic factor...
Persistent link: https://www.econbiz.de/10010204040
Persistent link: https://www.econbiz.de/10012584978
Persistent link: https://www.econbiz.de/10011672220
systems, we find that following a liquidity funding shock, both credit and GDP decline in different amounts and lengths. GDP … and the negative effects from the shock last longer than in core countries. Banks' funding seems to play a relevant role …
Persistent link: https://www.econbiz.de/10012004718
Persistent link: https://www.econbiz.de/10011770856
Persistent link: https://www.econbiz.de/10011757434
Persistent link: https://www.econbiz.de/10014327745
Persistent link: https://www.econbiz.de/10014443848
that such disturbances are important drivers of output fluctuations in both economies, we find the shock responses of …
Persistent link: https://www.econbiz.de/10011897983
. Underpinned by a process of monetary unification and financial deregulation, core eurozone countries pursued export-led growth … financial crisis of 2007-08. The paper also maintains that the eurozone could avoid cumulative imbalances by adopting John …
Persistent link: https://www.econbiz.de/10009407149