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Intermediation in US and EU bond and swap markets: Stylised facts, trends and impact of the coronavirus (COVID-19) crisis in March 2020

Scheicher, Martin - 2023

The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and … bonds and swaps currently traded and how liquid are these markets?, (2) how do the structural changes affect the dealer … to their market-making activities. The ongoing challenges faced in ensuring resilient provision of liquidity were also …

Persistent link: https://www.econbiz.de/10014476215

Measuring financial integration in the euro area

Baele, Lieven; Ferrando, Annalisa; Hördahl, Peter; … - 2004

In this paper, we present a set of specific measures to quantify the state and evolution of financial integration in the euro area. Five key markets are considered, namely the money, corporate bond, government bond, credit and equity markets. Building upon the law of one price, we developed two...

Persistent link: https://www.econbiz.de/10011606166

The use of credit claims as collateral for Eurosystem credit operations

Tamura, Kentaro; Tabakis, Evangelos - 2013

Credit claims (or bank loans) represent a large share of the collateral accepted by the Eurosystem in its credit operations in recent years. Hence the techniques and procedures used in the use of credit claims as collateral have become significant elements of the monetary policy implementation...

Persistent link: https://www.econbiz.de/10011606300

“Loose lips sinking markets?": the impact of political communication on sovereign bond spreads

Gade, Thomas; Salines, Marion; Glöckler, Gabriel; … - 2013

Taking a cue from the assertion that “loose lips sink markets” (Carmassi and Micossi, 2010), this paper investigates to what extent and why political communication has had an impact on the sovereign bond spreads of selected euro area countries over the German Bund. Drawing on 25,000 news...

Persistent link: https://www.econbiz.de/10011606302

IW Financial Expert Survey: 2. Quartal 2017

Demary, Markus - 2017

Das IW Köln hat im 2. Quartal 2017 den Prognosetest des Zentrums für Europäische Wirtschaftsforschung (ZEW) übernommen. Dieses führte seit Anfang 2001 quartalsweise diese Umfrage unter Finanzmarktexperten mit dem Ziel durch, der Öffentlichkeit einen Überblick über die Prognosen der...

Persistent link: https://www.econbiz.de/10011653618

IW Financial Expert Survey: 3. Quartal 2017

Demary, Markus - 2017

Für den IW Financial Expert Survey werden quartalsweise die Volkswirte von Banken und Versicherungen zu ihrer Einschätzung für die kommenden 3 bzw. 6 Monate befragt. Die Auswertung der Prognosen für das 3. Quartal 2016 zeigt, dass die Experten bis zum Jahresende 2017 im Schnitt von höheren...

Persistent link: https://www.econbiz.de/10011686992

IW Financial Expert Survey: Second Quarter 2019

Demary, Markus - 2019

Pessimism determines the experts' predictions for the second and third quarter of 2019 which can be inferred from the downward revisions of the experts' forecasts. All in all, more downward revisions than upward revisions can be found in the forecasts indicating that the experts have interpreted...

Persistent link: https://www.econbiz.de/10011995613

European office markets, user costs and speculative bubbles

Voigtländer, Michael; Schuster, Florian - 2019

Over the last years, prices for European office space have reached new peaks. This naturally provokes discussion about a possible overheating in the market. One approach to assess price development of real estate markets is the so-called "user cost approach". Typically, this approach is applied...

Persistent link: https://www.econbiz.de/10012056711

What Remains of the Theory of Demand Management in a Globalising World?

Bhaduri, Amit - 2013

The paper explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As...

Persistent link: https://www.econbiz.de/10012100219

IW Financial Expert Survey: Fourth Quarter 2019

Demary, Markus - 2019

the first quarter of 2020. In line with that, the experts expect the yield of US Treasury bonds to increase slightly from …

Persistent link: https://www.econbiz.de/10012118715