Showing 1 - 10 of 7,015
The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side effects on financial stability. This paper aims at gauging the effects on financial markets, the banking sector, and lending to non-financial firms. Using a structural vector...
Persistent link: https://www.econbiz.de/10011712553
Persistent link: https://www.econbiz.de/10010434176
Persistent link: https://www.econbiz.de/10011705372
Persistent link: https://www.econbiz.de/10010468548
Persistent link: https://www.econbiz.de/10011844769
Persistent link: https://www.econbiz.de/10011305214
"I describe two amplifications mechanisms that operate during liquidity crises and discuss the scope for central bank policies during crises as well as preventive policies in advance of crises. The first mechanism works through asset prices and balance sheets. A negative shock to the balance...
Persistent link: https://www.econbiz.de/10003852213
The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...
Persistent link: https://www.econbiz.de/10003971540
Persistent link: https://www.econbiz.de/10003996206
Persistent link: https://www.econbiz.de/10010226045