WORKING PAPER SERIES NO 1332 / APRIL 2011: CENTRAL BANK COMMUNICATION ON FINANCIAL STABILITY docx
WORKING PAPER SERIES NO 1332 / APRIL 2011: CENTRAL BANK COMMUNICATION ON FINANCIAL STABILITY docx
... WORKING PAPER SERIES NO 1332 / APRIL 2011 by Benjamin Born, Michael Ehrmann and Marcel Fratzscher CENTRAL BANK COMMUNICATION ON FINANCIAL STABILITY 19 ECB Working Paper Series No 1332 April ... whether financial stability- related communication “creates news” and/or “reduces noise”. The paper s findings suggest that communication about finan...
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WORKING PAPER SERIES NO 898 / MAY 2008: CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE doc
... the way the central bank thinks WORKING PAPER SERIES NO 898 / MAY 2008 In 2008 all ECB publications feature a motif taken from the 10 banknote. CENTRAL BANK COMMUNICATION AND MONETARY POLICY A ... 18 ECB Working Paper Series No 898 May 2008 3. Central bank communication in practice Many central banks with similar monetary policy objectives nonethel...
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Working PaPer SerieS no 967 / november 2008: Central bank miSPerCePtions and the role of money in interest rate rules pptx
... their negative implications. 12 ECB Working Paper Series No 967 November 2008 on the particular model of inflation determination preferred by the central bank. The optimal monetary policy that maximizes ... PaPer SerieS no 967 / november 2008 Central bank miSPerCePtionS and the role of money in intereSt rate ruleS by Günter W. Beck and Volker Wieland 19 ECB Wo...
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WORKING PAPER SERIES NO 1350 / JUNE 2011: THE OPTIMAL WIDTH OF THE CENTRAL BANK STANDING FACILITIES CORRIDOR AND BANKS’ DAY-TO-DAY LIQUIDITY MANAGEMENT pdf
... facilities in monetary policy operations. Second, the optimal width should not only be an empirical problem, but it is also a theoretical, normative one: only if one understands precisely the economic ... conditions before the realization of autonomous factor shocks are a priori balanced, the unconditional interest rate (2) equals the central bank s target 1 2 i B . Conditional on the re...
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WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx
... does the same for nonbidding banks, but note that there are no nonbidding Landesbanks or cooperative central banks. 17 ECB Working Paper Series No 1376 September 2011 Table 1 Bank characteristics: ... CONDITIONS AND BANK CHARACTERISTICS ECB LAMFALUSSY FELLOWSHIP PROGRAMME 19 ECB Working Paper Series No 1376 September 2011 Tab le 2 Bank characteristics: nonbidders D...
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WORKING PAPER SERIES NO 1394 / NOVEMBER 2011: BANK RISK DURING THE FINANCIAL CRISIS DO BUSINESS MODELS MATTER? pot
... based on stock market information. 21 ECB Working Paper Series No 1394 November 2011 iii. Central bank liquidity demand (bid) – Our third measure of bank risk is based on information on liquidity ... 18 ECB Working Paper Series No 1394 November 2011 banks. In this situation, there is a greater incentive for banks to ease financial constraints and increase len...
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WORKING PAPER SERIES NO 1395 / NOVEMBER 2011: ON THE IMPORTANCE OF PRIOR RELATIONSHIPS IN BANK LOANS TO RETAIL CUSTOMERS pptx
... States.(http :// www.creditreform.de/Deutsch/Creditreform/Info- Center/Fachartikel/International_Business/Archiv/Verschuldung.jsp) 13 The average monthly income of our sample borrowers corresponds to ... 14 We define a relationship borrower as someone who has a transaction account relationship with the savings bank before applying for a loan. WORKING PAPER SERIES NO 1395 /...
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WORKING PAPER SERIES NO. 351 / APRIL 2004: INTEREST RATE DETERMINATION IN THE INTERBANK MARKET pot
... 28 ECB Working Paper Series No. 351 April 2004 In 2004 all publications will carry a motif taken from the €100 banknote. WORKING PAPER SERIES NO. 351 / APRIL 2004 INTEREST RATE DETERMINATION ... deposit facility). Finally, the 18 ECB Working Paper Series No. 351 April 2004 W ORKING PAPER SERIES NO. 351 / APRIL 2004 INTEREST RATE DETERMINATION...
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Working PaPer SerieS no 1150 / January 2010: Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area doc
... European Central Bank. Information on all of the working papers published in the ECB’s Working Paper Series can be found on the ECB’s website, http :// www.ecb.europa.eu/pub/scientifi c/ wps/date/html/index.en.html ISSN ... Journal of Monetary Economics 51, pp. 451-71. [19] European Central Bank (2008a), Financial Integration in Europe, April. [20] European Central...
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WORKING PAPER SERIES NO 1457 / AUGUST 2012: EXCESSIVE BANK RISK TAKING AND MONETARY POLICY pptx
... http :// ssrn.com/abstract_id=1573675. Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website, http :// www.ecb.europa.eu/pub/scientic/wps/date/html/index.en.html Macroprudential ... However, @d i @' i is not generally monotonic. The only unambiguous property is that at ' h we have @d i @' i '...
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