... decisions.11 ECB WorkingPaper Series No. 441February 2005 45 ECB WorkingPaper Series No. 441February 2005European Central Bank workingpaper seriesFor a complete list of Working Papers published ... exogeneity assumptions relevant to the estimation of PhillipsCurves.14 ECB WorkingPaper Series No. 441February 2005 W ORKING PAPER SERIES NO. 441 / FEBRUARY 2005THE PHILLIPS CURVE AND LONG-TERM ... Central Bank Working Paper, No. 17.[18] Fabiani, Silvia, and Ricardo Mestre (2001) "A System Approach for Measuring the EuroArea NAIRU," European Central Bank Working Paper, No. 65.[19]...
... Feltenstein February 2008 Abstract This WorkingPaper should not be reported as representing the views of the IMF. The views expressed in this WorkingPaper are those of the author(s) and do ... 47Remain constant 52Be decreased 1 â 2008 International Monetary Fund WP/08/47 IMF WorkingPaper IMF Institute Helping Hand or Grabbing Hand? Supervisory Architecture, Financial ... “Integrated Financial Supervision. Lessons from Northern European Experience,” Policy Research WorkingPaper No. 2223 (Washington: World Bank). Westrup, Jonathan, 2007, “Independence and Accountability:...
... present their estimation results. They are available upon request23 ECB WorkingPaper Series No. 432January 2005 3 ECB WorkingPaper Series No. 432January 2005CONTENTSAbstract 4Non-technical ... 15/07/05 Btp 01/03/07 Btp 01/08/11 Btp 01/05/31Mts ItalyEuromts41 ECB WorkingPaper Series No. 432January 2005 47 ECB WorkingPaper Series No. 432January 2005412 “The real effects of money ... flow JEL classification: F31, C32 4 ECB WorkingPaper Series No. 432January 2005 48 ECB WorkingPaper Series No. 432January 2005431January 2005.432by Y. C....
... equilibria with adverse selection. Our paper differs both inits focus on financial innovations, and incorporation of fixed costs of creating contracts.The remainder of the paper is organized as follows. ... Philadelphia – Discussion Paper Payment Cards Center, December.. 2 003. “Credit Card Pricing Developments and Their Disclosure.” Federal Re-serve Bank of Philadelphia – Discussion Paper Payment Cards ... leads to lowerinterest rates and increased competition for borrowers. Our work differs from thesepapers in several key respects. First, we introduce a novel mechanism which operatesthrough the...
... WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh The WorkingPaper is intended as a ... interested readers for their comments. The paper should be considered preliminary in nature and may require substantial revision. Accordingly, a Working Paper should not be quoted nor the data ... & & &% 7 2BB? 3@ Working Papers No. Published Title Author 1 May 2002 On Strategic Default and Liquidity...
... differencesbetween bidders and targets are statistically significant.20 ECB WorkingPaper Series No. 398October 2004 3 ECB WorkingPaper Series No. 398October 2004CONTENTSAbstract 4Non-technical ... consolidation observed in recent years in the European Union.26 ECB WorkingPaper Series No. 398October 2004 35 ECB WorkingPaper Series No. 398October 2004390 “Financial markets’ behavior ... in the U.S. banking industry,University of Pennsylvania, The Wharton School WorkingPaper Series 10.30 ECB WorkingPaper Series No. 398October 2004 ReferencesAcharya, S. (1988), A generalised...
... expressed in this paper do notnecessarily reflect those of the EuropeanCentral Bank.The statement of purpose for the ECB WorkingPaper Series is available from the ECB website, http://www .ecb. int.ISSN ... <qBH+qBàH u or 0 <qGHc2+qGàH u.10 ECB WorkingPaper Series No. 407November 2004or re (R =0)the credit officer accordingly. W ORKING PAPER SERIESNO. 407 / NOVEMBER 2004BANKING CONSOLIDATION ... governance, banking, small business lending, efficiency wage4 ECB WorkingPaper Series No. 407November 2004 Non-tec hnical summ aryThe paper provides a new perspective on the effects of banking...
... like35 ECB WorkingPaper Series No. 527September 2005 In 2005 all ECB publications will feature a motif taken from the €50 banknote. WORKING PAPER SERIESNO. 527 / SEPTEMBER 2005This paper ... analogous mea-sure to assess the systemic breadth of currency crises.14 ECB WorkingPaper Series No. 527September 2005 WORKINGPAPER SERIESNO. 527 / SEPTEMBER 2005BANKING SYSTEM STABILITYA CROSS-ATLANTICPERSPECTIVEby ... marketindex.34They are available from the authors on request.42 ECB WorkingPaper Series No. 527September 2005 Abstract This paper derives indicators of the severity and structure of banking...
... authorisation of the ECB or the author(s). The views expressed in this paper do not necessarily refl ect those of the European Central Bank.The statement of purpose for the ECB Working Paper Series ... Series is available from the ECB website, http://www .ecb. europa.eu/pub/scientifi c/wps/date/html/index.en.htmlISSN 1561-0810 (print) ISSN 1725-2806 (online) WORKINGPAPER SERIESNO 868/FEBRUARY2008PURDAHON ... to be measured with error, leading to an attenuated estimator in the mean equation. 10 ECB WorkingPaper Series No 868February 20083. Measuring Communication As to the data on communication,...
... Media.” ECBWorkingPaper 679. Berger, Helge, Jakob De Haan, and Jan-Egbert Sturm. 2006. “Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication.”, CESifo WorkingPaper ... T. Levin and Ryan Michaels. 2007. “Three Great American Disinflations.” NBER WorkingPaper 12982. 18 ECB WorkingPaper Series No 898May 20083. Central bank communication in practice Many ... authorisation of the ECB or the author(s). The views expressed in this paper do not necessarily refl ect those of the European Central Bank.The statement of purpose for the ECB Working Paper Series...
... 28 ECB WorkingPaper Series No 1075July 2009European Central Bank WorkingPaper SeriesFor a complete list of Working Papers published by the ECB, please visit the ECB s website (http://www .ecb. europa.eu).1041 ... Conclusions 19References 21Tables and fi gures 24European Central Bank WorkingPaper Series 28CONTENTS 4 ECB WorkingPaper Series No 1075July 2009AbstractWe find evidence of a bank lending ... MessinaDownwarD wage rigiDity anD optimal steaDy- state inflation working paper seriesno 1048 / april 2009WAGE DYNAMICSNETWORK 18 ECB WorkingPaper Series No 1075July 2009 This model completely eliminates...
... 0.58Market leverage Book leverage 36 ECB WorkingPaper Series No 1096Septembre 2009 5 ECB WorkingPaper Series No 1096Septembre 2009The objective of this paper is to examine whether capital ... 24156314422074369R20.790.290.190.5534 ECB WorkingPaper Series No 1096Septembre 2009 4 ECB WorkingPaper Series No 1096Septembre 2009 Abstract The paper shows that mispriced deposit insurance ... Moreover, since leverage is one minus the equity ratio, the 14 ECB WorkingPaper Series No 1096Septembre 2009 6 ECB WorkingPaper Series No 1096Septembre 2009Fourth, unobserved time-invariant...
... Netherlands, and Spain. ECB WorkingPaper Series No 1150January 201025 WORKINGPAPER SERIESNO 1150 / JANUARY 2010This paper can be downloaded without charge fromhttp://www .ecb. europa.eu or from ... the ECB or the author(s). The views expressed in this paper do not necessarily refl ect those of the European Central Bank.Information on all of the working papers published in the ECB s Working ... E52, G214 ECB WorkingPaper Series No 1150January 2010 Table 5 - ContnuedPanel B: IV panel regression of GDP growth on loans growth and changes in credit standards28 ECB WorkingPaper Series...
... growtht 21 ECB WorkingPaper Series No 1160February 2010 WORKINGPAPER SERIESThis paper can be downloaded without charge fromhttp://www .ecb. europa.eu or from the Social ... the ECB or the author(s). The views expressed in this paper do not necessarily refl ect those of the European Central Bank.Information on all of the working papers published in the ECB s Working ... residential investment and private consumption (not reported). 15 ECB WorkingPaper Series No 1160February 2010 WorkingPaPer SerieSno 1160 / FeBrUarY 2010evidence For by Gabe de Bondt,...