Similar Search Results

Lender of last resort versus buyer of last resort : the impact of the European Central Bank actions on the bank-sovereign nexus

Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2016 - This version: February 29, 2016

In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks … public funds to increase their exposure to risky domestic debt, so that when solvency risk in the Eurozone worsened the run … of private short-term investors from Eurozone banks intensified. (ii) In contrast, ECB’s announcement of being a …

Persistent link: https://www.econbiz.de/10011436391

Bank’s risk-taking channel of monetary policy and TLTRO : evidence from the eurozone

Afonso, António; Ferreira, Jorge Braga - 2024

influences banks’ risk-taking behaviour. For the period from 2012:Q1 to 2018:Q4, covering 90 listed banks from 16 Eurozone …

Persistent link: https://www.econbiz.de/10014533785

Unconventional monetary policy and bank risk-taking in the euro area

Schmidt, Jörg - 2018

This paper studies risk-taking by European banks. We construct a measure of risk-taking which relates changes in three month ahead expected credit standards for several non-financial private sector categories to risk of the macroeconomic environment banks operate in to reflect whether credit...

Persistent link: https://www.econbiz.de/10011881716

Banks' risk-taking within a banking union

Farnè, Matteo; Vouldis, Angelos - 2021

We study the relationship between banks' size and risk-taking in the context of supranational banking supervision. Consistently with theoretical work on banking unions and in contrast to analyses emphasising incentives under- pinned by the too-big-to-fail effect, we find an inverse relationship...

Persistent link: https://www.econbiz.de/10012627903

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10011419463

Unterschiedliche geldpolitische Transmissionsmechanismen und Stabilitätskulturen als mögliche Ursache geldpolitischer Spannungen in der Europäischen Währungsunion

Gruber, Torsten - 2000

Der Übergang zur Europäischen Währungsunion (EWU) bedeutet für die beteiligten Staaten die Aufgabe ihrer geldpolitischen Souveränität. Konnten die nationalen geldpolitischen Entscheidungsträger bislang auf die jeweiligen monetären Erfordernisse und Zielpräferenzen ihrer...