WORKING PAPER NO 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY pptx

... the financial and the non -financial private sector in Spain and the non -financial private sector represents one-third of total private bonds in France. WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST ... AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY BY BENOÎT MOJON November 2000 EUROPEAN CENTRAL BANK WORKING PAPER SERIE...

Ngày tải lên: 15/03/2014, 14:20

... Financial Structure and the Interest Rate Channel of ECB Monetary Policy ECB Working Papers No. 40, November. OECD [1999] Bank Profitability, Financial Statements of Banks. Peterson, M. and ... Groningen and the ECB are greatly appreciated. WORKING PAPER NO. 72 BANK CONCENTRATION AND RETAIL INTEREST RATES BY SANDRINE CORVOISIER AND REINT...

Ngày tải lên: 15/03/2014, 14:20

... interbank rate for Denmark, Switzerland, Spain, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway and the UK, a three- month Treasury bill rate for Belgium, Sweden and the US, and ... product (GDP) and interest rates. 6 Much of the interest in the behaviour and determination of asset prices stems from their role in episodes of financial i...

Ngày tải lên: 24/10/2012, 09:40

... side and Austria and Germany on the other obstructed the functioning of the international monetary system. The data in table 3.2 suggest that the Netherlands and Switzerland, too, did not recycle ... year 24 , and the total of discounts, loans and advances, and holdings of government securities (‘domestic paper assets’) held at the end of 1930 and t...

Ngày tải lên: 22/03/2014, 21:20

... of the number of significant variables. One striking result is that the effects of monetary policy shocks are rather modest. Of the total of 59 banks in the sample, only 15 show significant interest ... interest rate effect of the October 1979 monetary policy change dummy (2 in intercepts and 13 in the slope coefficients), and only 4 for the January...

Ngày tải lên: 29/03/2014, 13:20

... Market Interest Rates We begin by examining the linkages between wholesale market interest rates and the Bank of Ghana policy interest rate (the prime rate) . When the transmission from the policy ... (changes in the policy rate are often called signaling). That is, the level of the policy interest rate would be reflected in the interbank marke...

Ngày tải lên: 15/03/2014, 14:20

... structure and the interest rate channel of ECB monetary policy, ECB Working Paper No. 40. Monti, M., 1971, A theoretical model of bank behavior and its implications for monetary policy, L’Industria, ... estimate another extension of [6] 20 ECB Working Paper Series No. 518 September 2005 whereby the adjustment back to equilibrium is a function...

Ngày tải lên: 15/03/2014, 14:20

... structure and the interest rate channel of ECB monetary policy, ECB Working Paper No. 40. Monti, M., 1971, A theoretical model of bank behavior and its implications for monetary policy, L’Industria, ... estimate another extension of [6] 20 ECB Working Paper Series No. 518 September 2005 whereby the adjustment back to equilibrium is a function...

Ngày tải lên: 22/03/2014, 23:20

...   34 WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh The Working Paper is intended as a ... Working Paper should not be quoted nor the data referred to without the written consent of the author. All rights reserved. © 2004 Wolf Wagner & Ian Marsh C...

Ngày tải lên: 06/03/2014, 08:20

... decisions of the ECB are only observations of that series. 3.4. An analysis of the monetary policy shocks and the monetary policy decisions of the ECB (and the US Federal Reserve) ECB • Working Paper ... change interest rates (92%) and to 13 The ECB considers as key ECB interest rates the MRO rate (the fixed rate under fixed rate...

Ngày tải lên: 15/03/2014, 14:20