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A prolonged period of low interest rates in Europe : unintended consequences

Malovaná, Simona; Bajzík, Josef; Ehrenbergerová, Dominika - In: Journal of economic surveys 37 (2023) 2, pp. 526-572

Persistent link: https://www.econbiz.de/10014287854

Monetary and debt-concerned fiscal policies interaction in monetary unions

Foresti, Pasquale - In: International economics and economic policy : IEEP 12 (2015) 4, pp. 541-552

Persistent link: https://www.econbiz.de/10011376003

The asymmetric response of sovereign credit default swaps spreads to risk aversion, investor sentiment and monetary policy shocks

M'beirick, Abdallahi; Haddou, Samira - In: International review of economics & finance : IREF 93 (2024) 2, pp. 244-272

Persistent link: https://www.econbiz.de/10014535547

Building on institutional failures : the European Treaty on Stability, Coordination and Governance ; or: why the crisis in the Eurozone is so deep and persistent ; invited paper pr...

Coriat, Benjamin - 2014

" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …

Persistent link: https://www.econbiz.de/10010459672

"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects

Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. Our results provide evidence of a new bond-pricing regime following the announcement of the Outright...

Persistent link: https://www.econbiz.de/10011735972

"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects

Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. We use a two-step empirical approach. First, we apply a time-varying parameter panel modelling framework...

Persistent link: https://www.econbiz.de/10011759005

The Euro : a currency in search of a state

Lucarelli, Bill - In: The economic and labour relations review : ELRR 25 (2014) 3, pp. 484-496

Persistent link: https://www.econbiz.de/10010483139

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

Liquidity funding shocks : the role of banks' funding mix

Alvarez, Antonio M.; Fernández, Alejandro; … - 2019

systems, we find that following a liquidity funding shock, both credit and GDP decline in different amounts and lengths. GDP … and the negative effects from the shock last longer than in core countries. Banks' funding seems to play a relevant role …

Persistent link: https://www.econbiz.de/10012004718

To sign or not to sign? : on the response of prices to financial and uncertainty shocks

Meinen, Philipp; Röhe, Oke - 2018

that such disturbances are important drivers of output fluctuations in both economies, we find the shock responses of …

Persistent link: https://www.econbiz.de/10011897983