WORKING PAPER SERIES NO 580 / JANUARY 2006: BANK INTEREST RATE PASS-THROUGH IN THE EURO AREA A CROSS COUNTRY COMPARISON ppt

... market rate Data Econometric approach 11 ECB Working Paper Series No. 580 January 2006 3. Description of the data Construction of bank interest rate series The data on bank interest rates ... structure, as reported in the national MIR statistics, we are able to take the characteristics of the national banking markets into account. That is, for each...

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... 2008. 18 ECB Working Paper Series No 1150 January 2010 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 by Lorenzo ... euro area where bank …nancing is the predominant means of …nancing for non-…nancial corporations. For example, by the end of 2007 bank...

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... crucial in determining how banks can access capital or issue new bonds. Using a large sample of European banks, we find that bank risk plays an important role in determining banks’ loan supply and ... BankSscope, a commercial database maintained by International Bank Credit Analysis Ltd. (IBCA) and the Brussels-based Bureau van Dijk. In particular, we consider balance shee...

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... activities. The second major structural development was financial innovation. Large increases in the use of direct funding available via the financial markets and securitization activity formed part ... a wider trend of innovation that intensified the trading of credit risk between banks and financial markets. An important implication of this was that banks became more integr...

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... between the actual real in terest rate and the real interest rate gap are high an d their standard deviations are roughly identical. In other w or ds, the variation in the real inte rest rate is not ... Paper Series No. 546 November 2005 WORKING PAPER SERIES NO. 546 / NOVEMBER 2005 THE NATURAL REAL INTEREST RATE AND THE OUTPUT GAP IN THE EURO...

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... revenues Capital-assets ratio CA/TA Capital/Total assets Loans-total assets LOAN/TA Net loans/Total assets Credit risk BADL/INT_INC Loan loss provision/Net interest revenues Diversity earnings OOR/TA ... question. Individual deal-by-deal data on M& ;A activity on financial firms are obtained using the SDC Platinum database from 12 Another argument relating changes in the capita...

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... members into those that indicate an inclination towards monetary policy tightening, those that suggest an easing, and those that are neutral: ninclinatioingeas ninclinationo ninclinatiotightening COM t ° ¯ ° ®  − + = 1 0 1 ... imparting a disinflationary aspect on the United States and others. I am not saying that they are dominant or overwhelming they are a force but they are...

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... non-transparent central bank focuses on the role of private information. The central bank s welfare is increasing in unexpected inflation (because it increases output) and decreasing in actual inflation. ... the public develops a genuine understanding of the way the central bank thinks WORKING PAPER SERIES NO 898 / MAY 2008 In 2008 all ECB publications f...

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... results in Rajan and Zingales (1995), Frank and Goyal (2004) and the sample of the largest non-financial firms. Regressing book leverage on the standard corporate finance determinants of capital ... Our data come from four sources. We obtain information about banks’ consolidated balance sheets and income statements form the Bankscope database of the Bureau van Dijk, informatio...

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... spreads Quarterly averages of daily corporate euro- denominated bond spreads Thomson Financial Datastream Non-financial BBB corporate bond spreads Quarterly averages of daily non-financial euro- denominated ... operative in the euro area. The conventional interest rate channel, as captured by the change in the EONIA is in almost all cases a significant transmission...

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