Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx
Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx
... (24) Working PaPer SerieS no 1273 / DeCeMBer 2010 intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork by Engin Kara and Leopold von Thadden19ECB Working Paper ... share of benets in output. WORKING PAPER SERIES NO 1273 / DECEMBER 2010 In 2010 all ECB publications feature a motif taken from the €500 banknote. INTEREST RATE EFFECTS OF DEMOGRAPHIC CHANGES ... scenarios.4 Calibration and d em ographic trends4.1 CalibrationWe calibrate the system of steady-state equations to match key features of annual euroarea data, taking, in particular, recent demographic...
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
... savings banks, rather than to an individual savings bank. In addition to the detailed borrower/bank matched data set, we also use a banklevel data set that includes the savings banks and as a ... (“Landesbank”)and each federal state bank is a liated with a state (“Bundesland”) or group of states.The a liated savings banks own each a part of their federal state bank. The federal statebanks ... numerical notches, the federal state bank a savingsbank belongs to, is downgraded after the removal of guarantees. As savings banks in part own the federal state banks, a revaluation of their...
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WORKING PAPER SERIES NO. 351 / APRIL 2004: INTEREST RATE DETERMINATION IN THE INTERBANK MARKET pot
... 28ECB Working Paper Series No. 351April 2004 In 2004 all publications will carry a motif taken from the €100 banknote. WORKING PAPER SERIES NO. 351 / APRIL 2004 INTEREST RATE DETERMINATION IN ... EuropeanBanking Federation (EBF). The database includes daily information on the lending rates appliedby contributing commercial banks. Interest rates correspond to actual trading rates. Banks inactive ... the amounts transacted in the market. In autarchy there is no trade and a distribution of shadow interest rates is obtained. These shadow prices are defined as the marginal cost of borrowing...
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WORKING PAPER SERIES NO 1395 / NOVEMBER 2011: ON THE IMPORTANCE OF PRIOR RELATIONSHIPS IN BANK LOANS TO RETAIL CUSTOMERS pptx
... by all our sample banks and available for all loan applications. In addition, for a subset of the loan applications we also have detailed borrower information that is not part of the internal ... months after loan origination. Our main inference variables are relationships characteristics as a result of relationships via savings account (the existence of savings accounts and assets held in ... savings bank before the current loan. 19.2% of the loan applicants have had a loan in the past, and 12.1%, 17.4%, and 19.2% of loan applicants have had a loan within the last year, the last...
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WORKING PAPER SERIES NO 845 / DECEMBER 2007: RUN-PRONE BANKING AND ASSET MARKETS doc
... O WORKING PAPER SERIES NO 845 / DECEMBER 2007 In 2007 all ECB publications feature a motif taken from the 20 banknote.RUN-PRONE BANKING AND ASSET MARKETS 1by Marie Hoerova 2This paper ... comments and advice from Bruno Biais, David Easley, Huberto Ennis, Miquel Faig, Florian Heider, Todd Keister, B. Ravikumar, Assaf Razin, Karl Shell, Yi Wen, and seminar participants at the European ... %"&&&(&, '*! %, ! ' "!&( %& ! WORKING PAPER SERIES NO 845 / DECEMBER 2007RUN-PRONE BANKINGAND ASSET MARKETSby...
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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
... growth of loans to euro area non-…nancial corporations reached its historical highduring the …rst qu arter of 2008.18ECB Working Paper Series No 1150January 2010 Working PaPer SerieS no 1150 / ... Cappiello; e-mail: lorenzo.cappiello@ecb.int; tel.: +49 69 1344 8765.3 Bank of Albania, Sheshi “Skënderbej”, No. 1 Tirana, Albania; e-mail: kadareja@yahoo.com Working PaPer SerieS no 1118 / november ... interest rate r across states, the interest rate on bank de posits, rd, can vary from one member state to another.Assuming that the common monetary authority, although able to change theaggregate...
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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
... spreadsQuarterly averages of daily corporate euro-denominated bond spreadsThomson Financial DatastreamNon-financial BBB corporate bond spreadsQuarterly averages of daily non-financial euro-denominated ... also a bank lending and balance sheet channel of monetary policy have been operative. Also a risk-taking channel, as reflected in stock market volatility and in the non-financial BBB corporate ... transmission channels, like the interest rate, the bank lending, the balance sheet and the risk-taking channel in the euro area. This finding implies that not only changes in the official interest...
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WORKING PAPER SERIES NO. 398 / OCTOBER 2004: MERGERS AND ACQUISITIONS AND BANK PERFORMANCE IN EUROPE THE ROLE OF STRATEGIC SIMILARITIES potx
... revenuesCapital-assets ratioCA/TA Capital/Total assetsLoans-total assetsLOAN/TA Net loans/Total assetsCredit riskBADL/INT_INC Loan loss provision/Net interest revenuesDiversity earningsOOR/TA ... regardless of whether theymerge or not. With this caveat in mind, the data are indicative of the broad financialfeatures of banks engaged in domestic M&As in Europe.19ECB Working Paper Series No. ... data onM& ;A activity on financial firms are obtained using the SDC Platinum database from 12 Another argument relating changes in the capital structure and performance relates to agency problemsbetween...
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WORKING PAPER SERIES NO 868 / FEBRUARY 2008: PURDAH ON THE RATIONALE FOR CENTRAL BANK SILENCE AROUND POLICY MEETINGS pptx
... higher inflation would constitute an inclination towards tightening, a statement about a weakening economic outlook an inclination towards easing). Such a classification is valuable because it allows ... level but also lowers the conditional variance of interest rates. 4 All interest rate data are constant maturity treasury rates provided by the U.S. Treasury. 13ECB Working Paper Series No 868February ... are careful in focusing on forward-looking statements and in avoiding duplication of statements in the database. The extraction is done in a mechanical manner using a set of search words, including...
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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
... Baba, Nishioka, Oda, Shirakawa, Ueda, and Ugai(2005). The authors argue that during the zero interest rate policy of the Bank of Japan in the early 2000s, the return on anaverage-sized O/N interbank ... should always be possible for lenders and borrowers to negotiate a rate that ismutually more favorable than the rates available at the Bank of Canada. Thus, the rate spreadat the central bank ... MNB base rate and the O/N interest rate. 9As is clear from Figure 10, central bank intermediation increased massively in the euro areaand also Hungary (as indicated by the structural shift in...
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