The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review
S Meier, MR Gonzalez, F Kunze - International Review of Law and …, 2021 - Elsevier
To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
Dynamic measures of asymmetric & pairwise connectedness within an optimal currency area: Evidence from the ERM I system
D Gabauer - Journal of Multinational Financial Management, 2021 - Elsevier
This study introduces two novel metrics that calculate the degree of shock asymmetry which
can be utilized to examine whether countries in a currency area face symmetric shocks. In …
can be utilized to examine whether countries in a currency area face symmetric shocks. In …
[BOOK][B] A tale of two decades: the ECB's monetary policy at 20
M Rostagno, C Altavilla, G Carboni, W Lemke, R Motto… - 2019 - econstor.eu
The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look
back on the ECB's record and learn lessons that can improve the conduct of policy in the …
back on the ECB's record and learn lessons that can improve the conduct of policy in the …
ECB policies involving government bond purchases: Impact and channels
We evaluate the effects of three European Central Bank (ECB) policies (the Securities
Markets Programme (SMP), the Outright Monetary Transactions (OMT), and the Long-Term …
Markets Programme (SMP), the Outright Monetary Transactions (OMT), and the Long-Term …
EMU risk-synchronisation and financial fragility through the prism of dynamic connectedness
This study employs dynamic connectedness as a measure of financial risk synchronization
considering government bond yields in 11 EMU member states. In particular, large values of …
considering government bond yields in 11 EMU member states. In particular, large values of …
Do we want these two to tango? On zombie firms and stressed banks in Europe
M Storz, M Koetter, R Setzer, A Westphal - 2017 - papers.ssrn.com
We show that the speed and type of corporate deleveraging depends on the interaction
between corporate and financial sector health. Based on granular bank-firm data pertaining …
between corporate and financial sector health. Based on granular bank-firm data pertaining …
Central bank communication and the yield curve
In this paper, we argue that monetary policy in the form of central bank communication can
shape long-term interest rates by changing risk premia. Using high-frequency movements of …
shape long-term interest rates by changing risk premia. Using high-frequency movements of …
A survey of empirical findings on unconventional central bank policies
Purpose This paper presents an integrated overview of the empirical literature on the impact
of all forms of unconventional monetary policy on macroeconomic variables and on markets …
of all forms of unconventional monetary policy on macroeconomic variables and on markets …
The effectiveness of the ECB's unconventional monetary policy: Comparative evidence from crisis and non-crisis Euro-area countries
J Jäger, T Grigoriadis - Journal of International Money and Finance, 2017 - Elsevier
During the European financial crisis, the European Central Bank implemented a series of
unconventional monetary policy measures. We argue that these programs lowered the bond …
unconventional monetary policy measures. We argue that these programs lowered the bond …
The impact of ECB monetary policy surprises on the German stock market
J Fausch, M Sigonius - Journal of Macroeconomics, 2018 - Elsevier
This paper examines the impact of ECB monetary policy surprises on German excess stock
returns and the possible reasons for such a response. First, we conduct an event study to …
returns and the possible reasons for such a response. First, we conduct an event study to …