[PDF] Top 20 Effects of euro area monetary policy on institutional sectors : the case of Portugal

... by the period of the EFAP, Portuguese 10-year sovereign yield, PSI-20 index and financial integration in the euro area corporate bonds (Table ...During the EFAP, there was ... See full document

... in the employment rate is found across the ma- jority of the countries in the sample, and that in in the Euro-area, for which monetary policy is ... See full document

... estimate the shadow interest rate through different models (Bauer & Rudebusch, ...Nevertheless, the common dynamics among the different shadow rates point to the same conclusions even ... See full document

... why monetary policy was not, on the eve of the coronavirus crisis, in a good position to deal with a possible recessionary ...any case, both older theory and historical ... See full document

... On the one hand, these findings may be explained by the relaxation of credit constraints and the increased efficiency and sophistication of financial markets, which have widened ... See full document

... also the financial environment as financial Intermediaries and other crucial members of the capital markets are highly responsive to changes in monetary ...that the relationship between ... See full document

... test the existence of a risk-taking channel in a bank- based financial ...when policy interest rates are ...risk-taking on interest rates. However, to correctly identify the causal ... See full document

... for the successful implementation of a common monetary policy, according to the theory of Optimum Currency ...focuses on the European Monetary Union (EMU) ... See full document

... with the kalman filter. Von Hagen (1999) has argued that the role of money targets in the Bundesbank framework seems to have been merely political, in the sense that they were adopted ... See full document

... a monetary is a trait nearly unique to the structure of the ...Eurozone. The currency union offers a natural setting to analyse differential impacts on financial market ... See full document

... is the most important source to generate energy in the ...variety of products, especially as fuel, plastic, synthetic fibers, rubber, just to say the more ...fluctuation of its price ... See full document

... analyzed the effects of unstandardized monetary ...unstandardized monetary policy, one should refer to monetary policy instruments that derive from the usual ... See full document

... 5 of the appendices, the results for equation (2) indicate statistically significant and positive abnormal returns for the Italian, Portuguese and Spanish ...For the IPS group, an ... See full document

... assess the effects of asset purchase programs on real macro- economic variables using VAR or DSGE ...Nonetheless, the broad message they convey is that there is a significant impact ... See full document

... events of systemic stress in financial markets, the global financial crisis of 2007 and the sovereign debt crisis of 2010, have marked the brief history of the ... See full document

... for the country split show that the coefficients of the regression for the core countries don’t seem to be too significant, apart from the VIX factor and the CBPP1 ... See full document

... and the reduction that it has suffered in recent years appears to aid banks improving their ...in the beginning of this thesis the situation in Europe was more complex than the one that ... See full document

... defeating the sovereign crisis, the E.A. kept on recording a poor economic performance, in a context of general deleveraging and decreasing bank ...In the last months of 2013, ... See full document

... to the budgetary situation, in the 2008 Convergence Report the situation from 2007 was ...from the 9 CEEC considered (the Czech Republic, Hungary, Poland and Slovakia) were subject to ... See full document

... disadvantaged area took into account several indicators that were instrumental in determining the effects the policy of disadvantaged areas had on the economic ... See full document