The financial and macroeconomic effects of OMT announcements
This study evaluates the macroeconomic effects of Outright Monetary Transaction (OMT)
announcements by the European Central Bank (ECB). Using high-frequency data, we find …
announcements by the European Central Bank (ECB). Using high-frequency data, we find …
[PDF][PDF] The ECB unconventional monetary policies: have they lowered market borrowing costs for banks and governments?
U Szczerbowicz - 42th issue (December 2015) of the International …, 2018 - ijcb.org
This paper evaluates the impact of the ECB's unconventional policies on bank and
government borrowing costs. We employ event-based regressions to assess and compare …
government borrowing costs. We employ event-based regressions to assess and compare …
Monetary policy, bank bailouts and the sovereign-bank risk nexus in the euro area
The article analyses the empirical relationship between bank credit risk and sovereign credit
risk in the euro area, using a system of simultaneous equations identified through …
risk in the euro area, using a system of simultaneous equations identified through …
ECB policy and Eurozone fragility: Was De Grauwe right?
Abstract Paul De Grauwe's Eurozone fragility hypothesis states that sovereign debt markets
in a monetary union without a lender-of-last-resort are vulnerable to self-fulfilling dynamics …
in a monetary union without a lender-of-last-resort are vulnerable to self-fulfilling dynamics …
Contagion in the Euro area sovereign bond market
U Muratori - Social Sciences, 2014 - mdpi.com
In the last half-decade the European Monetary Union (EMU) has experienced a growing
financial instability culminating with an extended sovereign debt crisis that has hit mostly the …
financial instability culminating with an extended sovereign debt crisis that has hit mostly the …
Effects of ECB balance sheet policy announcements on inflation expectations
R Moessner - Applied Economics Letters, 2015 - Taylor & Francis
We investigate whether ECB balance sheet policy announcements in the wake of the global
financial crisis have affected the ECB's monetary policy credibility as measured by long-term …
financial crisis have affected the ECB's monetary policy credibility as measured by long-term …
An event study analysis of ECB unconventional monetary policy
G Rivolta - 2014 - ideas.repec.org
This paper analyzes the impact of the unconventional monetary policy measures
implemented by the European Central Bank since 2007 to cope with the financial and …
implemented by the European Central Bank since 2007 to cope with the financial and …
[BOOK][B] ECB Policy and Eurozone Fragility: Was De Grauwe Right? CEPS Working Document No. 397, June 2014
O Saka, AM Fuertes, E Kalotychou - 2014 - aei.pitt.edu
Paul De Grauwe's fragility hypothesis states that member countries of a monetary union
such as the eurozone are highly vulnerable to a self-fulfilling mechanism by which the efforts …
such as the eurozone are highly vulnerable to a self-fulfilling mechanism by which the efforts …
[BOOK][B] The impact of the ECB's asset purchase programmes on sovereign bond spreads in the euro area
G Watfe - 2015 - researchgate.net
This paper estimates the immediate impact of the European Central Bank's asset purchase
programmes on sovereign bond spreads in the euro area between 2008 and 2015 using a …
programmes on sovereign bond spreads in the euro area between 2008 and 2015 using a …
La eficacia de la política monetaria durante la crisis económica mundial
FAB Egea, LÁH Recio - Revista de economía mundial, 2015 - uhu.es
El presente trabajo resume las aportaciones referidas a la eficacia de las medidas de
política monetaria adoptadas por la Reserva Federal-FED, el Banco Central Europeo-ECB …
política monetaria adoptadas por la Reserva Federal-FED, el Banco Central Europeo-ECB …