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Regional and Global Liquidity Arrangements

Volz, Ulrich - 2012

Regional and bilateral liquidity arrangements have gained increasing prominence over the past decades, not least during the recent global financial crisis. This has important consequences for the role of the International Monetary Fund (IMF) as a crisis lender and raises questions regarding the...

Persistent link: https://www.econbiz.de/10013101487

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

responses. If EU Member states wish to maintain and deepen economic integration, they must accept an erosion of sovereignty over …

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

The European Public Debt Refinancing Program - Why the ECB Quantitative Easing Should Envisage Euro-Zone Government Bonds

Minenna, Marcello - 2014

risk (except for the portion originated extra-EU) on the Eurosystem instead of moving once for all towards the …

Persistent link: https://www.econbiz.de/10013047170

Il Programma di Rifinanziamento del Debito Pubblico Europeo - Perché Il Quantitative Easing della BCE dovrebbe includere i titoli governativi dell’Eurozona (The European Public Deb...

Minenna, Marcello - 2014

Persistent link: https://www.econbiz.de/10013047245

Does Central Bank Communication Matter in Emerging European Markets? Evidence from Poland

Brzeszczynski, Janusz - 2014

We analyze the impact of monetary policy communication of the National Bank of Poland (NBP), i.e. NBP announcements of interest rates changes and NBP announcements of new macroeconomic figures, on the financial market in Poland in its two main segments: the foreign exchange market and the stock...

Persistent link: https://www.econbiz.de/10013047450

Volatility spillovers of Federal Reserve and ECB balance sheet expansions to emerging market economies

Apostolou, Apostolos; Beirne, John - 2017

This paper examines volatility spillovers from changes in the size of the balance sheets of the Federal Reserve (FED) and European Central Bank (ECB) to emerging market economies (EMEs) from 2003 to 2014. We find that EME bond markets are most susceptible to positive volatility spillovers from...