Showing 1 - 10 of 1,959
Zinsen, und welche Folgen hat die Niedrigzinspolitik für Sparer und für Kunden von Versicherungen? Für Gunther Schnabl …, Universität Leipzig, ist die Bilanz dieser Geldpolitik negativ: »wenig Wachstum und einschneidende Nebeneffekte«. So führe die … Geldpolitik indirekt dazu, dass die von ihr verursachten Lasten des Krisenmanagements überproportional auf die junge Generation …
Persistent link: https://www.econbiz.de/10011694005
Andreas Dombret, Deutsche Bundesbank, stellt die Ergebnisse einer Umfrage zur Ertragslage und Widerstandsfähigkeit deutscher Kreditinstitute, die von der Deutschen Bundesbank und der Bundesanstalt für Finanzdienstleistungsaufsicht durchgeführt wurde, vor: Es zeigt sich, dass die Institute...
Persistent link: https://www.econbiz.de/10011795672
Die Arbeit untersucht die Auswirkungen unkonventioneller Geldpolitik. Sie zeigt, dass Forward Guidance und Quantitative … Lockerung als Anwendung optimaler Geldpolitik im Rahmen Neu-Keynesianischer Modelle angesichts einer effektiven Zinsuntergrenze … zu verstehen sind. Unkonventionelle Geldpolitik hat erfolgreich zur Stabilisierung von Finanzmärkten und Realwirtschaft …
Persistent link: https://www.econbiz.de/10014524569
The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10012017176
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP...
Persistent link: https://www.econbiz.de/10012023260
Repurchase agreements (repos) are secured money market transactions. The cash taker provides collateral in the form of securities and in return receives money from the cash provider. To ensure the continuous covering of the cash amount, the definition of eligible collateral, its handling and...
Persistent link: https://www.econbiz.de/10011933201
We apply complexity theory to financial markets to show that excess liquidity created by the Eurosystem has led to critical transitions in the configuration of interest rates. Complexity indicators turn out to be useful signals of tipping points and subsequent regime shifts in interest rates. We...
Persistent link: https://www.econbiz.de/10014523281
This paper investigates the impact of Covid-19 pandemic and monetary policy measures adopted by the European Central Bank (ECB) on the sovereign risk for the European Monetary Union (EMU) countries for the period between March-2020 and November-2020 using daily data. The impact of Covid-19 and...
Persistent link: https://www.econbiz.de/10014547832
Economic theory suggests that monetary policy can be used to stabilize an economy. However, the ability of monetary policy targets—interest rates and money supply—to stabilize an economy depends on their ability to achieve price stability. Using data from 1981 to 2018 and applying the vector...
Persistent link: https://www.econbiz.de/10012287023
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP...
Persistent link: https://www.econbiz.de/10012309478