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Az euró hazai bevezetésének újragondolása
Neményi, Judit; Obláth, Gábor - 2012
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government …, focusing at the implications for Hungary's euro-adoption. The main conclusion of the analysis is that, irrespective of when … Hungary actually intends to join the eurozone, it is in the country's best interest to fulfil the requirements necessary for …
Persistent link: https://www.econbiz.de/10009521086
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The effects of monetary policy response to the Covid-19 crisis on dynamic connectedness across financial markets in Central and Eastern Europe
Grabowski, Wojciech; Janus, Jakub; Stawasz-Grabowska, Ewa - In: Entrepreneurial business and economics review : EBER 11 (2023) 1, pp. 7-28
standard and non-standard (e.g., quantitative easing) monetary policy announcements by central banks in Czechia, Hungary …
Persistent link: https://www.econbiz.de/10014289068
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How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries
Poghosyan, Tigran - 2019
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990-2018. The results suggest...
Persistent link: https://www.econbiz.de/10012889146
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Debt Relief and Slow Recovery : A Decade after Lehman
Piskorski, Tomasz - 2019
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012896580
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Household Credit as Stimulus? Evidence from Brazil
Garber, Gabriel; Mian, Atif R.; Ponticelli, Jacopo; … - 2021
results suggest a potential downside of using household credit as stimulus in emerging markets …
Persistent link: https://www.econbiz.de/10013322757
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Az euró hazai bevezetésének újragondolása
Neményi, Judit; Oblath, Gábor - 2012
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government …, focusing at the implications for Hungary's euro-adoption. The main conclusion of the analysis is that, irrespective of when … Hungary actually intends to join the eurozone, it is in the country's best interest to fulfil the requirements necessary for …
Persistent link: https://www.econbiz.de/10010494500
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Market Power in CEE Banking Sectors and the Impact of the Global Financial Crisis
Efthyvoulou, Georgios - 2013
The aim of this study is to undertake an up-to-date assessment of market power in Central and Eastern European banking markets and explore how the global financial crisis has affected market power and what has been the impact of foreign ownership. Three main results emerge. First, while there is...
Persistent link: https://www.econbiz.de/10013085904
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Macroprudential Policy : Implementation, Effects, and Lessons
Tzur-Ilan, Nitzan - 2019
In this paper I review the development of macroprudential policy (MPP) and, in particular, its regulatory structure, its influence on the financial system, and its costs and benefits. I find that the effectiveness of MPP depends on the institutional setup in which it is implemented: often, MPP...
Persistent link: https://www.econbiz.de/10012899079
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Unconventional Monetary Policy in the Euro Zone : A Lack of Forward Guidance?
Bastidon, Cécile - 2014
From July to December 2011, the three-month EURIBOR-OIS and EURIBOR-Repo spreads quadrupled and reached more than 100 basis points. Contrary to the 2007-2008 crisis during the Euro zone debt crisis, this rise was caused by a stabilization of the EURIBOR combined with a decrease in the OIS and...
Persistent link: https://www.econbiz.de/10013051064
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Banks and negative interest rates
Heider, Florian; Saidi, Farzad; Schepens, Glenn - 2021
In this paper, we survey the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are...
Persistent link: https://www.econbiz.de/10012518247