Showing 1 - 10 of 12,249
Persistent link: https://www.econbiz.de/10001736638
Persistent link: https://www.econbiz.de/10001745617
Persistent link: https://www.econbiz.de/10001692173
Persistent link: https://www.econbiz.de/10001787112
Persistent link: https://www.econbiz.de/10001855506
Persistent link: https://www.econbiz.de/10014225739
Financial globalisation and spillovers have gained immense prominence over the last two decades. Yet, powerful cross-border financial spillover channels have not become a standard element of structural monetary models. Against this background, we hypothesise that New Keynesian DSGE models that...
Persistent link: https://www.econbiz.de/10014121008
What are the economic implications of financial and uncertainty shocks? We show that financial shocks cause a decline in output and goods prices, while uncertainty shocks cause a decline in output and an increase in goods prices. In response to un-certainty shocks, firms increase their markups,...
Persistent link: https://www.econbiz.de/10014076665
This survey presents an analysis that incorporates the lessons of the positive literature on the "third generation of crises" into the traditional optimum currency area theory to propose a new set of criteria that ensure better resilience of a monetary union to financial contagion. The study...
Persistent link: https://www.econbiz.de/10012996111
We provide empirical evidence on banks' responses to shocks in wholesale funding, using data of 181 euro area banks over the period August 2007 to June 2013. Banks' adjustments of loan volumes and lending rates in response to funding liquidity shocks are analysed in a panel VAR framework. The...
Persistent link: https://www.econbiz.de/10012998237