Showing 1 - 10 of 13,380
In 1991, the European Union undertook to form a full-fledged monetary union. It established the European Monetary Union with a European Central Bank (ECB) at its apex and a mandate to pursue price stability. The European regime differs from the US Federal Reserve System, which must pursue high...
Persistent link: https://www.econbiz.de/10010669628
Persistent link: https://www.econbiz.de/10013439560
Persistent link: https://www.econbiz.de/10003955649
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …
Persistent link: https://www.econbiz.de/10011507830
europäische Aktien- und Anleihemärkte sowie Euro-Währungskurse seit 1999, als die EZB die Verantwortung für eine gemeinsame und …
Persistent link: https://www.econbiz.de/10003923463
Persistent link: https://www.econbiz.de/10009161308
the most recent crises in both the United States and euro area, the Federal Reserve and European Central Bank (ECB) have …
Persistent link: https://www.econbiz.de/10009583711
There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this ECB-handicapʺ hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....
Persistent link: https://www.econbiz.de/10003270535
We review the literature on the empirical characteristics of the global financial cycle and associated stylized facts on international capital flows, asset prices, risk aversion and liquidity in the financial system. We analyse the co-movements of global factors in asset prices and capital flows...
Persistent link: https://www.econbiz.de/10012660005
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to 'talk up' the euro have …
Persistent link: https://www.econbiz.de/10001753630