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Monetary policy, financial regulation and financial stability : a comparison between the Fed and the ECB in the wake of the global financial crisis
Schnabl, Gunther; Sonnenberg, Nils - In: Ordo : Jahrbuch für die Ordnung von Wirtschaft und … 71 (2020) 1, pp. 180-210
Persistent link: https://www.econbiz.de/10012621627
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Redicovering Mises-Hayek monetary and business cycle theory in light of the current crisis : credit expansion as a source of economic boom and bust
Mrowiec, Marcin - In: E-Finanse : finansowy kwartalnik internetowy 9 (2013) 2, pp. 64-74
The article starts with a brief description of Mises’ monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is...
Persistent link: https://www.econbiz.de/10010226596
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A financial systemic stress index for Romania
Draghia, Andreea; Ștefoni, Sorina Emanuela - In: Financial studies 24 (2020) 3, pp. 41-50
Detecting and measuring financial stress and its systemic risk channels have been one of the main concerns for authorities and financial supervisors especially after the financial crisis from 2008. In this paper, we aim to build a financial stress index (FSI) for Romania using monthly data from...
Persistent link: https://www.econbiz.de/10012421685
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Financial cycles around the world
Adarov, Amat - In: International journal of finance & economics : IJFE 27 (2022) 3, pp. 3163-3201
Persistent link: https://www.econbiz.de/10013329856
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Covid-19 and the euthanasia of interest rates : a critical assessment of central bank policy in our times
Mayer, Thomas; Schnabl, Gunther - In: Journal of policy modeling : JPMOD ; a social science … 43 (2021) 6, pp. 1241-1258
Persistent link: https://www.econbiz.de/10013264953
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Wie krisenfest ist die Verschuldung des Privatsektors im Euroraum? : Entwicklung und Struktur der privaten Verschuldung seit Krisenausbruch und ihre wirtschaftspolitischen Implikat...
Rupprecht, Manuel; Wohlmann, Monika - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 115-131
Zu hohe Schulden der privaten Haushalte und Unternehmen haben maßgeblich zum Ausbruch und Verlauf der Finanzkrise beigetragen. Um eine Wiederholung zu vermeiden, wird die private Verschuldung inzwischen überwacht. Betrachtet wird dabei primär die Schuldenhöhe. Ihre Struktur (d. h....
Persistent link: https://www.econbiz.de/10012155297
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Ways of involving central bank in supporting economic growth
Criste, Adina - In: Financial studies 23 (2019) 4, pp. 86-99
Addressing the relationship between the policy of a central bank and economic growth in the post-crisis stage, the article aims to identify essential tools that the monetary authority has theoretically available to support a sustainable economic growth, in the future. In the context of the...
Persistent link: https://www.econbiz.de/10012153579
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The impact of macroprudential policy instruments on financial stability in Southern Europe
Lorenčič, Eva; Festić, Mejra - In: Naše gospodarstvo : NG 68 (2022) 1, pp. 25-34
This paper is a contribution to the body of research examining the impact of macroprudential policy instruments on financial stability. The following hypothesis was tested (H1): Macroprudential policy instruments (household borrowing costs; interbank loans as a percentage of total loans; loan to...
Persistent link: https://www.econbiz.de/10013184351
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The impact of macroprudential policy on credit growth in nine euro area economies
Lorenčič, Eva; Volčjak, Robert; Festić, Mejra - In: Naše gospodarstvo : NG 69 (2023) 2, pp. 1-14
In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical research method. The goal of our paper is to test...
Persistent link: https://www.econbiz.de/10014309997
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A financial stress index for a highly dollarized developing country: the case of Lebanon
Ishrakieh, Layal Mansour; Dagher, Leila; El Hariri, Sadika - In: Central Bank review / Central Bank of the Republic of Turkey 20 (2020) 2, pp. 43-52
The aim of this paper is to construct the first comprehensive Financial Stress Index for Lebanon, dubbed the IFEFSI (Institute of Financial Economics Financial Stress Index). This is a broad coincident composite index that includes three different market segments; the banking sector, the...
Persistent link: https://www.econbiz.de/10012226055