Similar Search Results

Better off without the euro? : structural VAR assessment of European monetary policy

Fritsche, Jan Philipp; Harms, Patrick Christian - 2020

Modern OCA theory has developed different conclusions on when forming a currency union is beneficial. An important pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area countries? An SVAR analysis reveals that monetary stress...

Persistent link: https://www.econbiz.de/10012301359

Communication of ECB Governing Council members : do they speak in one voice?

Jurkšas, Linas; Kaminskas, Rokas - 2024

Persistent link: https://www.econbiz.de/10015080034

Fiscal fault, financial fix? : Capital Markets Union and the quest for macroeconomic stabilization in the euro area

Braun, Benjamin; Hübner, Marina - 2017

anderer Steuerungshebel haben in der Eurozone ein institutionelles Umfeld geschaffen, in dem die notwendigen fiskalischen … Kommission, unterstützt durch die Europäische Zentralbank, das öffentliche Gut makroökonomischer Stabilität über den Umweg …

Persistent link: https://www.econbiz.de/10011770728

A monetary union requires a banking union

Geeroms, Hans; Karbownik, Pawel - 2014

Persistent link: https://www.econbiz.de/10010422223

Mere criticism of the ECB is no solution

Fratzscher, Marcel; Gropp, Reint; Kotz, Hans-Helmut; … - 2015

The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have … supported Europeś economy for some time, but by now it is clear that the eurozone will only be able to pull itself out of this …

Persistent link: https://www.econbiz.de/10011449399

Causes of the outbreak of the Eurozone crisis : the role of the USA and the European Central Bank monetary policy

Białek, Natalia - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 47-63

This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...

Persistent link: https://www.econbiz.de/10011402491

Sovereign spreads, central bank collateral frameworks, and periphery premia in the Eurozone

Schuster, Florian - 2023

This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …

Persistent link: https://www.econbiz.de/10014364133

Assessing the effective lower bound in the context of introducing the digital euro

Pirgmann, Michael; Wawrosz, Petr - In: Economies : open access journal 12 (2024) 6, pp. 1-24

This study investigates the impact of central bank digital currencies (CBDCs) on monetary policy flexibility, the effective lower bound (ELB), and negative interest rate policies (NIRPs), specifically in the case of the digital euro (DE). Through a combination of theoretical modeling and...

Persistent link: https://www.econbiz.de/10014636057

Note on a single European currency and central bank

Goodhart, Charles A. E. - 1987

Persistent link: https://www.econbiz.de/10000884664

The dollar as an official reserve currency under EMU

Leahy, Michael P. - 1994

Persistent link: https://www.econbiz.de/10000889386