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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dąbrowski, Marek - 2012
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10009572988
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Euro Ve Kriz Sonrası Dönemde Parsal İstikrar (The Euro and the Monetary Stability in the Post-Crisis Period)
Öztürk, Mustafa - 2012
The final stage of the unification process of European Union is monetary union. From July 1, 2002, The currency called the Euro has replaced the national currencies. This situation has caused concern from the very beginning. Unless achieving harmonization on application of monetary and fiscal...
Persistent link: https://www.econbiz.de/10013097498
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Fiscal and Monetary Policy Determinants of the Eurozone Crisis and Its Resolution
Dabrowski, Marek - 2012
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10013102556
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The ECB as a Strategic Actor : Central Banking in a Politically Fragmented Monetary Union
Henning, C. Randall - 2015
The European Central Bank's relationship to the national governments of the monetary union was modeled as a contest between fiscal and monetary dominance early in the euro crisis (Buiter 2010, drawing on Sargent and Wallace 1981). This paper shows how strategic behavior helped to shape the...
Persistent link: https://www.econbiz.de/10013030634
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Regional and Global Monetary Cooperation
Lamberte, Mario B. - 2012
The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...
Persistent link: https://www.econbiz.de/10013110304
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Cross-border bank flows and monetary policy
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2018
toward safer foreign counterparties. The cross-border reallocation of credit is more pronounced for banks in source countries … the effect of domestic monetary policy on foreign credit, this study enhances our understanding of the monetary policy …
Persistent link: https://www.econbiz.de/10011967372
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Le Pont de Londres : Interactions Between Monetary and Prudential Policies in Cross-Border Lending
Bussière, Matthieu - 2020
We examine how euro area (EA) monetary policy and recipient-country prudential policy interact to influence cross-border lending of French banks. We find that monetary spillovers via cross-border lending can be partially offset by prudential measures in receiving countries. We then explore...
Persistent link: https://www.econbiz.de/10012842756
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Le Pont De Londres : Interactions between Monetary and Prudential Policies in Cross-Border Lending
Bussière, Matthieu - 2020
By combining analysis of two unique confidential datasets, we examine how euro-area (EA) monetary policy and recipient-country prudential policy interact to influence the cross-border lending of French banks from France and the UK. We find that monetary spillovers via cross-border lending can be...
Persistent link: https://www.econbiz.de/10012843877
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Cross-border bank flows and monetary policy : implications for Canada
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2017
countries erode the net worth and collateral values of domestic borrowers, banks reallocate credit away from relatively risky … domestic borrowers toward safer foreign counterparties. The cross-border reallocation of credit is more pronounced for source … monetary policy increase cross-border credit to Canada. Our study highlights the spillovers of domestic monetary policy on …
Persistent link: https://www.econbiz.de/10011777908