cross border spillovers from euro area bank deleveraging
THE EURO AREA BANK LENDING SURVEY - JANUARY 2012 - docx
... position Your bank' s ability to access market financing Your bank' s liquidity position B) Pressure from competition Competition from other banks Competition from non-banks Competition from market ... your bank' s capital position Your bank' s ability to access market financing Your bank' s liquidity position B) Pressure from competition Competition from other banks Competition from non-banks ... article entitled “A bank lending survey for the euro area in the April 2003 issue of the ECB’s Monthly Bulletin and J Berg et al (2005), “The bank lending survey for the euro area , ECB Occasional...
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Working PaPer SerieS no 1160 / FeBrUarY 2010: evidence For SUrveY maTTerS The eUro area Bank lending emPirical crediT and oUTPUT groWTh pptx
... the European Central Bank or the Eurosystem All authors: European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany; e-mail: gabe.de_bondt@ecb.europa.eu; angela.maddaloni@ecb.europa.eu; ... outstanding of euro area lending to euro area residents On the contrary, at country level no weighting is applied, implying that each bank counts equally General documentation on the euro area BLS ... of responding banks has expanded over time, starting with 86 banks in 2003 and reaching a sample size of 118 banks in 2009, covering approximately 50% of total volume of euro area bank lending...
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WORKING PAPER SERIES NO. 580 / JANUARY 2006: BANK INTEREST RATE PASS-THROUGH IN THE EURO AREA A CROSS COUNTRY COMPARISON ppt
... BANK INTEREST RATE PASS-THROUGH IN THE EURO AREA A CROSS COUNTRY COMPARISON by Christoffer Kok Sørensen and Thomas Werner In 2006 all ECB publications will feature a motif taken from the €5 banknote ... topic which generally documents a sluggish and heterogeneous bank interest rate pass-through across bank products as well as across euro area countries The present study contributes to the literature ... 2004 for ten euro area countries ECB Working Paper Series No 580 January 2006 In a well-integrated euro area banking sector, we should not expect to observe significant differences across countries...
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Tài liệu IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA pptx
... prominent role of the banking sector in the euro area s financial system, it is of significant importance for the ECB to monitor the degree of competitive behaviour in the euro area banking market A ... prominent role of the banking sector in the euro area s financial system, it is of significant importance for the ECB to monitor the degree of competitive behaviour in the euro area banking market A ... Moreover, De Bondt (2005) argues that stronger competition from other banks and from capital markets has helped to speed up the euro area banks’ interest rate adjustment’s to changes in market rates...
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Tài liệu Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis docx
... short- and long-term lending and deposit rates offered by banks in the euro area and Belgium 3.2.2.1 Euro area The analysis of the euro area includes both deposit and lending rates Among deposit ... 2008 Euro area 2009 2010 2011 2007 2008 2009 2010 2011 US Source : Thomson Reuters Datastream (1) Respectively versus the German Bund (euro area) and US Treasury Bill (US) for the euro area and ... 2010 2009 2008 Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis Chart 10 Long-term lending interest rates in euro area countries (monthly...
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Report and Recommendations of the Cross-border Bank Resolution Group potx
... Members of the Cross- border Bank Resolution Group 44 Report and Recommendations of the Cross- border Bank Resolution Group Report and Recommendations of the Cross- border Bank Resolution ... risks arising from the termination of public intervention should be well balanced Report and Recommendations of the Cross- border Bank Resolution Group 43 Members of the Cross- border Bank Resolution ... Recommendations of the Cross- border Bank Resolution Group II Lessons learned from the case studies 27 The financial crisis has illustrated the shortcomings of the current cross- border crisis management...
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Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ppt
... Evidence from the euro area crisis 11 First, we test the “no-arbitrage” theoretical frictionless relation that equates the bond and the CDS spreads We find that there are persistent deviations from ... the sovereign CDS and bonds markets: Evidence from the euro area crisis 13 dispersion in the beliefs of investors on the probability that certain European countries would default.5 We share some ... factors in the context of the recent European sovereign debt crisis Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis 15 3Data The data consists...
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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
... of the euro area where bank …nancing is the predominant means of …nancing for non-…nancial corporations For example, by the end of 2007 bank loans to the private sector In the euro area banking ... from the greater dependence on bank credit of the euro area private sector Indeed, by end-2007 bank loans to the private sector constituted 145% of GDP in the euro area This compares with a corresponding ... "Does bank lending a¤ect output? Evidence from the US states", Journal of Monetary Economics 51, pp 451-71 [19] European Central Bank (2008a), Financial Integration in Europe, April [20] European...
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WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx
... this in mind, we analyse the term structure of bank pricing for 42 banking markets of the euro area: five different retail bank market segments (retail bank rates on short and long-term loans to ... retail bank products, e.g loans and deposits, is an important link in the monetary policy transmission mechanism of the euro area Euro area households and firms are mainly confronted with retail bank ... the euro area, in I Angeloni, A Kashyap and B Mojon (eds), Monetary Policy Transmission in the Euro Area, Cambridge: Cambridge University Press Altunbas, Y., 2001, Efficiency in European banking,...
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WORKING PAPER NO. 136 RETAIL BANK INTEREST RATE PASS-THROUGH: NEW EVIDENCE AT THE EURO AREA LEVEL docx
... EUROPEAN CENTRAL BANK W O R K I N G PA P E R S E R I E S WORKING PAPER NO 136 RETAIL BANK INTEREST RATE PASS-THROUGH: NEW EVIDENCE AT THE EURO AREA LEVEL BY GABE DE BONDT* April 2002 * European ... determination of retail bank interest rates in the euro area The main contribution of this study is that for the first time both bank deposit rates and lending rates at the level of the euro area are analysed ... Switching costs may arise when bank customers consider switching from one bank to another, for example when a household intend to transfer its savings deposits from bank A to bank B Switching cost, such...
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WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES pptx
... this in mind, we analyse the term structure of bank pricing for 42 banking markets of the euro area: five different retail bank market segments (retail bank rates on short and long-term loans to ... retail bank products, e.g loans and deposits, is an important link in the monetary policy transmission mechanism of the euro area Euro area households and firms are mainly confronted with retail bank ... the euro area, in I Angeloni, A Kashyap and B Mojon (eds), Monetary Policy Transmission in the Euro Area, Cambridge: Cambridge University Press Altunbas, Y., 2001, Efficiency in European banking,...
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The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area pptx
... selected from the European Central Bank database The period considered is from January 2003 to September 2011 and the geographic area taken into account is the Euro area (changing composition) The banks’ ... in the Euro interbank overnight market, while the Euro interbank offered rate (EURIBOR) is the rate at which a prime bank is willing to lend funds in Euros to another prime bank The first is ... is the benchmark interbank reference value and is derived by the European Central Bank on the basis of interest rates applied to the overnight transactions in Euros between banks Usually it ranges...
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THE INTERNATIONAL ROLE OF THE EURO EVIDENCE FROM BONDS ISSUED BY NON-EURO AREA RESIDENTS docx
... six euro area countries and 17 non -euro area countries in 2001 Finally, when it comes to non -euro area reporting countries, data include bonds issued by both euro area residents and non -euro area ... non -euro area residents use the euro for a wide array of purposes For instance, a growing share of the euro area s external trade is settled or invoiced in euro Central banks outside the euro area ... continental Europe, the City of London (or the UK) and outside 10% Advertised only outside Europe 2% Bookrunners from the euro area only 19% Bookrunners from the UK and other (mostly euro area) countries...
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Temi di discussione: An empirical analysis of national differences in the retail bank interest rates of the euro area doc
... saving Bank non-interest income Bank balance Bank liquidity sheet characterist Bank capitalization ics Bank liability structure Bank asset structure Banks' international presence Banking system Banking ... similar bilateral differentials in euro area banking interest rate 42 Table BANK INTEREST RATES IN THE EURO AREA (Average values: January 2003 - March 2005) Euro area minimum maximum Italy mean ... Methodological Appendix 25 Bank balance sheet characteristics are bank operating costs, bank non-interest income, bank liquidity, bank capitalization, bank liability structure, and bank asset structure...
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Báo cáo y học: " Surgical Removal of lipoma from an area with tattooed skin"
... blade no 15 The wall of the lipomatous lesion was identified and was isolated from the surrounding layers and freed from the tenacious adhesions with the muscular plane The procedure involved hemostasis ... post-operative result DISCUSSION AND CONCLUSIONS No similar case of surgical removal of lipoma from an area with tattooed skin using this aesthetic procedure was found in literature The intent of ... which minimized visible post operative cicatrix while maintaining the original tattoo design The area was infiltrated with 1% Xylocaine and Epinephrine 1:200.000 for adequate anesthesia and hemostasis...
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Dealing with cross-border teamwork approach.doc
... as a cross- border team, this paper will focus on main parts as follows: Part 1: Overview of teamwork Part 2: Dealing with cross- border teamwork approach Part 3: Building an effective cross- border ... concepts of teamwork, cross- border teamwork and virtual teamwork It presents a framework to deal with cross- border teamwork approach and to build up an effective cross- border team This research ... attitudes, and their practical implications for leading successfully across borders and cultures The first problem in dealing with cross- border teamwork approach is Culture It needs to have a general...
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Tài liệu INFLATION-LINKED BONDS FROM A CENTRAL BANK PERSPECTIVE pptx
... in the euro area is based on the euro area HICP, it seems logical that a euro areawide measure such as this is used as main reference index for inflation-linked bonds The argument that from an ... in the euro area services sector” by a Task Force of the Monetary Policy Committee of the European System of Central banks, April 2006 45 “Output growth differentials across the euro area countries: ... monitoring movements in euro area BEIRs at different horizons, additional insights can be obtained from cross- checking developments in implied forward BEIRs across economic areas Chart depicts the...
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Tài liệu an analySiS of euro area Sovereign CDS anD their relation With government bonds docx
... relative pricing of euro area sovereign CDS and the underlying government bonds Our sample comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to ... intended to support euro area governments which face difficulties in accessing public debt markets (cf Deutsche Bank, 2010) These measures all helped improving sentiment in euro area sovereign debt ... May 2010 in the euro area, when investors started large scale sell-offs of a variety of risky assets The purpose of this paper is to provide a comprehensive analysis of the euro area sovereign...
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OccasiOnal Pa Per series nO 109 / a Pril 2010: EURO area Fiscal POlicies and The crisis pot
... the euro area Projections suggest that the government deficit in the euro area will climb to almost 7% of GDP in 2010 and that all euro area countries will then exceed the 3% of GDP limit The euro ... facing the euro area banking sector” 2 EURO AREA FISCAL POLICIES: RESPONSE TO THE FINANCIAL CRISIS Box THE FISCAL COSTS OF SELECTED PAST BANKING CRISES Since the Second World War systemic banking ... many governments across the euro area announced substantial bank rescue packages, sovereign CDS premia for all euro area countries increased sharply, whereas the CDS premia for European financial...
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