... decisions.
11
ECB
Working PaperSeries No. 441
February 2005
45
ECB
Working PaperSeries No. 441
February 2005
European Central Bank workingpaper series
For a complete list of Working Papers published ... assumptions relevant to the estimation of Phillips
Curves.
14
ECB
Working PaperSeries No. 441
February 2005
W ORKING PAPER SERIES
NO. 441 / FEBRUARY 2005
THE PHILLIPS CURVE
AND LONG-TERM ... resembles the equivalent series for Germany and
France.
Overall, the results show that the individual country results hold at the euro area level.
23
ECB
Working PaperSeries No. 441
February...
... their estimation results. They are available upon request
23
ECB
Working PaperSeries No. 432
January 2005
3
ECB
Working PaperSeries No. 432
January 2005
CONTENTS
Abstract 4
Non-technical summary ... Btp 01/03/07 Btp 01/08/11 Btp 01/05/31
Mts Italy
Euromts
41
ECB
Working PaperSeries No. 432
January 2005
47
ECB
Working PaperSeries No. 432
January 2005
412 “The real effects of money growth ... flow
JEL classification: F31, C32
4
ECB
Working PaperSeries No. 432
January 2005
48
ECB
Working PaperSeries No. 432
January 2005
431
January 2005.
432
by Y. C. Cheung,...
... equilibria with adverse selection. Our paper differs both in
its 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 lower
interest rates and increased competition for borrowers. Our work differs from these
papers in several key respects. First, we introduce a novel mechanism which operates
through the...
... the U.S. banking industry,
University of Pennsylvania, The Wharton School WorkingPaperSeries 10.
30
ECB
Working PaperSeries No. 398
October 2004
References
Acharya, S. (1988), A generalised ... differences
between bidders and targets are statistically significant.
20
ECB
Working PaperSeries No. 398
October 2004
3
ECB
Working PaperSeries No. 398
October 2004
CONTENTS
Abstract 4
Non-technical summary ... consolidation observed in recent years in the European Union.
26
ECB
Working PaperSeries No. 398
October 2004
35
ECB
Working PaperSeries No. 398
October 2004
390 “Financial markets’ behavior around...
... 0 <
q
G
θ
H
−c
2
+
q
G
µ
H
δ
− ¯u.
10
ECB
Working PaperSeries No. 407
November 2004
or fire (R =0)the credit officer accordingly.
W ORKING PAPER SERIES
NO. 407 / NOVEMBER 2004
BANKING
CONSOLIDATION ... acknowledged.
The views expressed in this paper do not
necessarily reflect those of the European
Central Bank.
The statement of purpose for the ECB
Working PaperSeries is available from the
ECB website, ... governance, banking, small business lending, efficiency wage
4
ECB
Working PaperSeries No. 407
November 2004
Non-tec hnical summ ary
The paper provides a new perspective on the effects of banking consolidation...
... like
35
ECB
Working PaperSeries No. 527
September 2005
In 2005 all ECB
publications
will feature
a motif taken
from the
€50 banknote.
WORKING PAPER SERIES
NO. 527 / SEPTEMBER 2005
This paper ... mea-
sure to assess the systemic breadth of currency crises.
14
ECB
Working PaperSeries No. 527
September 2005
WORKING PAPER SERIES
NO. 527 / SEPTEMBER 2005
BANKING SYSTEM
STABILITY
A CROSS-ATLANTIC
PERSPECTIVE
by ... market
index.
34
They are available from the authors on request.
42
ECB
Working PaperSeries No. 527
September 2005
Abstract
This paper derives indicators of the severity and structure of banking...
... 34?>B8C>AB C> <>=8C>A 10=:4AB
WORKING PAPER SERIES
NO 845 / DECEMBER 2007
RUN-PRONE BANKING
AND ASSET MARKETS
by Marie Hoerova
35
ECB
Working PaperSeries No 845
December 2007
B>;4;H ... 02@D8A4
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
1
by Marie Hoerova
2
This paper ... 2>=BD<4
C
#0C4 CH?4B 2>=BD<4
C
33
ECB
Working PaperSeries No 845
December 2007
2>=BCA08=C
8E4= C74 ?A>?4AC84B >5 C74 DC8;8CH...
... (online)
WORKING PAPER SERIES
NO 868/FEBRUARY2008
PURDAH
ON THE RATIONALE FOR
CENTRAL BANK SILENCE
AROUND POLICY
MEETINGS
byMichael Ehrmann
and Marcel Fratzscher
5
ECB
Working PaperSeries No ...
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 PaperSeries is available
from the ECB ... be measured with error, leading to an attenuated estimator in the mean equation.
10
ECB
Working PaperSeries No 868
February 2008
3. Measuring Communication
As to the data on communication,...
... issues for future research
45
References
48
European Central Bank WorkingPaperSeries
54
CONTENTS
15
ECB
Working PaperSeries No 898
May 2008
12
2007). The models differ with respect to both ... Levin and Ryan Michaels. 2007. “Three
Great American Disinflations.” NBER WorkingPaper 12982.
18
ECB
Working PaperSeries No 898
May 2008
3. Central bank communication in practice
Many central ...
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 PaperSeries is available
from the ECB...
...
JEL Classification: E44, E55.
28
ECB
Working PaperSeries No 1075
July 2009
European Central Bank WorkingPaper Series
For a complete list of Working Papers published by the ECB, please visit ... Conclusions
19
References
21
Tables and fi gures
24
European Central Bank WorkingPaperSeries
28
CONTENTS
4
ECB
Working PaperSeries No 1075
July 2009
Abstract
We find evidence of a bank lending ... wage
rigiDity anD
optimal steaDy-
state inflation
working paper series
no 1048 / april 2009
WAGE DYNAMICS
NETWORK
18
ECB
Working PaperSeries No 1075
July 2009
This model completely eliminates...
... 0.58
Market leverage Book leverage
36
ECB
Working PaperSeries No 1096
Septembre 2009
5
ECB
Working PaperSeries No 1096
Septembre 2009
The objective of this paper is to examine whether capital requirements ... 2415
63144
2207
4369
R
2
0.79
0.29
0.19
0.55
34
ECB
Working PaperSeries No 1096
Septembre 2009
4
ECB
Working PaperSeries No 1096
Septembre 2009
Abstract
The paper shows that mispriced deposit insurance ... Moreover, since leverage is one minus the equity ratio, the
14
ECB
Working PaperSeries No 1096
Septembre 2009
6
ECB
Working PaperSeries No 1096
Septembre 2009
Fourth, unobserved time-invariant...
... Germany, Italy, the Netherlands, and Spain.
ECB
Working PaperSeries No 1150
January 2010
25
WORKING PAPER SERIES
NO 1150 / JANUARY 2010
This paper can be downloaded without charge from
http://www.ecb.europa.eu ... 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 WorkingPaper
Series can be found ... G21
4
ECB
Working PaperSeries No 1150
January 2010
Table 5 - Contnued
Panel B: IV panel regression of GDP growth on loans growth and changes in credit standards
28
ECB
Working PaperSeries No...
...
growth
t
Bank
spread
t
Bank loan
growth
t
21
ECB
Working PaperSeries No 1160
February 2010
WORKING PAPER SERIES
This paper can be downloaded without charge from
http://www.ecb.europa.eu ... leads to higher liquidity needs over the short term (see for
12
ECB
Working PaperSeries No 1160
February 2010
Working PaPer SerieS
no 1118 / november 2009
DiScretionary
FiScal PolicieS
over ... residential investment and private consumption (not reported).
15
ECB
Working PaperSeries No 1160
February 2010
Working PaPer SerieS
no 1160 / FeBrUarY 2010
evidence For
by Gabe de Bondt,
José-Luis...
... the papers published
in the ECB WorkingPaperSeries can be
found on the ECB’s website, http://www.
ecb.europa.eu/pub/scientific/wps/date/
html/index.en.html
ISSN 1725-2806 (online)
18
ECB
Working ... “Structural Change in the German Bank-
ing System?” Goethe University WorkingPaper Finance and Accounting No. 147.
40
ECB
Working PaperSeries No 1272
December 2010
Hakenes, H. and I. Schnabel (2010): ... ability to
control for the level of interest rates charged is a strength of the paper, because it permits
Working PaPer SerieS
no 1272 / DeCeMBer 2010
THe iMPaCT
of PuBliC
guaranTeeS on
Bank riSk...
...
22
ECB
Working PaperSeries No 1332
April 2011
emphasis of the paper has been to identify whether financial stability-related communication
“creates news” and/or “reduces noise”.
The paper s ... of a
cluster or not.
8
ECB
Working PaperSeries No 1332
April 2011
The paper proceeds in section 2 by outlining a more general motivation and relating the
current paper to the existing literature. ... contains newspaper articles and newswire reports from 14,000 sources. As
shown in Table 1, the dataset contains information on 367 FSRs. The increasing tendency of
29
ECB
Working PaperSeries No...