Europe experienced substantial cross-country variation in domestic credit growth and cross border capital flows during the pre-crisis period. We investigate the inter-relations between domestic credit growth and international capital flows over 1993-2008, with a special focus on the 2003-2008...

Using event-study techniques we investigate the presence and the magnitude of spillovers from the ECB’s non-standard monetary policies on financial assets in selected non-euro area EU countries from Central and Eastern Europe (the Czech Republic, Hungary, Poland and Romania). Generally, we...

This paper highlights a recent ‘great moderation’ in global capital flows, characterised by smaller volumes and lower volatility of cross-border transactions. However, there are substantial differences across countries and regions which we analyse by comparing the level of international...

Europe experienced substantial cross-country variation in domestic credit growth and cross border capital flows during the pre-crisis period. We investigate the inter-relations between domestic credit growth and international capital flows over 1993-2008, with a special focus on the 2003-2008...

Ireland's economic prospects remain bright, but some clouds are on the horizon. In recent years, rapid economic growth has provided tailwinds for policy efforts aimed at financial sector repair and the restoration of sustainable public finances. Most recently, on top of robust underlying growth,...

Ireland's economic prospects remain bright, but some clouds are on the horizon. In recent years, rapid economic growth has provided tailwinds for policy efforts aimed at financial sector repair and the restoration of sustainable public finances. Most recently, on top of robust underlying growth,...

Ireland's economic rebound is remarkably strong, underpinned by an ongoing successful macroeconomic adjustment and a supportive external environment. In terms of real gross domestic product (GDP), Ireland was the fastest growing economy in the euro area in 2014 and is set to top the euro-area...

Ireland's economic rebound is remarkably strong, underpinned by an ongoing successful macroeconomic adjustment and a supportive external environment. In terms of real gross domestic product (GDP), Ireland was the fastest growing economy in the euro area in 2014 and is set to top the euro-area...