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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … performance of the euro area. Thus, the best way to foster support for the euro and trust in the ECB is to pursue policies aimed …
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This paper offers an encompassing analysis of the ECB's collateral criteria between 2001 and 2013. A comprehensive database of changes to collateral criteria is compiled and structured by asset classes. The main findings can be summarized in three stylized facts: (1) Since the outbreak of the...
Persistent link: https://www.econbiz.de/10010248841
measures. We argue that these unconventional monetary policy measures created soft budget constraints for the Eurozone …
Persistent link: https://www.econbiz.de/10011456884
The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly controversial debate, in particular in Germany, about the costs and benefits of the chosen policy path. The article reviews, compares, and evaluates the different arguments made in favor...
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Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
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