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Monetary Policy Transmission in Poland: A Study of the Importance of Interest Rate and Credit Channels

Łyziak, Tomasz; Przystupa, Jan; Wróbel, Ewa - 2008

The importance of credit in the monetary transmission mechanism has recently attained a lot of attention due to a growing understanding that credit market imperfections can have an impact on the monetary policy effectiveness. In this study, using Vector Error Correction Models (VECMs) and...

Persistent link: https://www.econbiz.de/10011689932

Shadow banking in the Euro area: an overview

Bakk-Simon, Klára; Borgioli, Stefano; Giron, Celestino; … - 2012

Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...

Persistent link: https://www.econbiz.de/10011606285

Implications of Globalization for Monetary Policy

Wagner, Helmut - 2002

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes, which are associated with the globalization process, cause an increase in uncertainty surrounding monetary policy. This leads to an...

Persistent link: https://www.econbiz.de/10011689901

Fiscal policy in the EU in the crisis: A model-based approach

Székely, István P.; Roeger, Werner; Veld, Jan in 't - 2011

This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...

Persistent link: https://www.econbiz.de/10011430871

Financial shocks and the macroeconomy: heterogeneity and non-linearities

Hubrich, Kirstin; D’Agostino, Antonello; Cervená, … - 2013

This paper analyses the transmission of financial shocks to the macroeconomy. The role of macro-financial linkages is investigated from an empirical perspective for the euro area as a whole, for individual euro area member countries and for other EU and OECD countries. The following key economic...

Persistent link: https://www.econbiz.de/10011606295

Die Rolle der Banken bei der Transformation von Finanz- in Sachkapital: Studie im Auftrag des Staatssekretariats für Wirtschaft SECO, Direktion für Wirtschaftspolitik, DPWW

Abrahamsen, Yngve; Dibiasi, Andreas; Drechsel, Dirk; … - 2013

Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...

Persistent link: https://www.econbiz.de/10011386830

Openness, Specialisation and Vulnerability of the Nordic Countries

Kaitila, Ville; Virkola, Tuomo - 2014

In this paper we analyse to what extent the Nordic economies are vulnerable to external shocks. Specifically, we assess the conventional wisdom that the Nordic countries are small open economies that are significantly engaged in international trade, specialised in only few specific industries...

Persistent link: https://www.econbiz.de/10012037641

The impact of the global economic crisis on industrial development of least developed countries

2010

Persistent link: https://www.econbiz.de/10012490802

The effects of the corona shock on the banking sector and the real economy

Pöschl, Johannes - 2020

This economic memo isolates two channels through which the "corona shock" affects the economy: a fall in asset prices … through different channels. A CCyB that is reactivated early reduces the impact of an asset price shock the most. In contrast …, a CCyB that is reactivated late reduces the impact of a volatility shock the most. …

Persistent link: https://www.econbiz.de/10013326744

Analyse regionaler Risiko- und Resilienzfaktoren in Deutschland: Endbericht zum Forschungsauftrag der KfW

Förtsch, Mona; Frei, Xenia; Kremer, Anna; Ragnitz, Joachim - 2021

Wie widerstandsfähig zeigen sich Regionen im Hinblick auf verschiedene exogene Schocks? In der vorliegenden Studie wurde untersucht, welche Faktoren dafür verantwortlich sein können, dass sich Regionen unterschiedlich gut von Schocks erholen. Anhand der Finanzkrise, der Naturkatastrophe Sturm...

Persistent link: https://www.econbiz.de/10012599829

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