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Beyond financial stability as the European Banking Union's primary objective, the European capital market integration provides an impetus for deepening bank integration and greater financial market efficiency. This article proposes an empirical framework to assess the dynamics of euro area...
Persistent link: https://www.econbiz.de/10012483954
The paper examined the interest rate operations and processes in Nigeria and examined the role of financial development in incentivizing central bank monetary policies from the monetary policy rate to the money market rates, lending rates, and deposit rates. The analysis covered the period from...
Persistent link: https://www.econbiz.de/10014500806
The global increase in the regulation of banks has encouraged the channeling of investment funds into less regulated …
Persistent link: https://www.econbiz.de/10012023353
Persistent link: https://www.econbiz.de/10014288225
After adopting an inflation targeting framework for monetary policy at the turn of the twenty-first century, Banco de la República, the Central Bank of Colombia, started actively using the monetary policy interest rate as its key policy tool. This paper examines the interest rate pass-through...
Persistent link: https://www.econbiz.de/10013393378
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new … phenomenon better, this Weekly Report looks at total creditor losses across all restructurings during a default spell. Instead of … focusing on each individual restructuring, the cumulative haircut adds up all losses across a default spell. These calculations …
Persistent link: https://www.econbiz.de/10014477332
Starting in June 2014, the European Central Bank (ECB) stepped up its monetary accommodation in order to counter a too prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to December 2016 and a review of the effects of...
Persistent link: https://www.econbiz.de/10011649375
The article deals with the procyclical development of risk weights and hence the risk-weighted capital ratio. The leverage ratio should be included in the regulatory reform package (CRR2) as a (non-risk-weighted) prudential backstop. The article defines the complementary relationship of capital...
Persistent link: https://www.econbiz.de/10012016824
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the barriers between national financial markets. The adoption of a common currency and the rapid spread of new technologies lead to intense competition, imposing the acceleration of...
Persistent link: https://www.econbiz.de/10011470954