How does the market evaluate the ECB?
Does money matter in the ECB strategy? New evidence based on ECB communication
... This does not hold for price developments in the first part of our sample. Up until April 2001, a higher value in the previous press release increases the likelihood of having a subsequent policy rate increase. As ...
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Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication
... for ECB communication compared to the “economic analysis”? Or, more pointedly, does the ECB pay more than lip-service to the monetary analysis? Moreover, has the relative importance of the monetary ...
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The Inflation Target of the ECB: Does the Balassa-Samuelson Effect Matter?
... The ECB has recently increased the precision of its “inflation target” by clarifying that it does not only have a medium-term upper limit of 2 % but is actually close to 2 % and by asserting that the ...
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How Does Financial Market Evaluate Business Models? Evidence From European Banks
... the market information ...the market capitalization already reflects the year t accounting information as, on the other, that the value implications of annual report information on stock prices follow a ...
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How does the ECB allot liquidity in its weekly main refinancing operations? A look at the empirical evidence
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Does the ECB Care about Shifts in Investors’ Risk Appetite?
... The ECB reacts significantly to a risk aversion shock by reducing the interest rate in order to provide ...the ECB behavior as the leading indicator of future economic activity but not as an independent ...
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Does the ECB Care about Shifts in Investors’ Risk Appetite?
... The ECB reacts significantly to a risk aversion shock by reducing the interest rate in order to provide ...the ECB behavior as the leading indicator of future economic activity but not as an independent ...
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Does ECB Communication Help in Predicting its Interest Rate Decisions?
... Finally, how time-dependent are our conclusions? We have studied the early years of the Economic and Monetary Union when the ECB had just begun its ...the ECB is still a relatively young institution ...
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Measuring the shadow banking in the Euro area: what does the ECB know?
... Indeed, shadow institutions do not benefit from any liabilities insurance and their funding can be subject to sudden shadow bank run, leading to a decrease in their assets i.e. a sharp contraction in their credit supply. ...
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The monetary policy decisions of the ECB and the money market
... the ECB does not have an official operating target for the overnight rate (or any type of interbank rates), the main refinancing operations ensure this equilibrium by satisfying demands for central bank ...
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(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis
... The fourth and last group of potential variables which might be influencing central banks’ interest rate setting during the crisis comprises asset price inflation. 19 Here, we focus on the two main asset classes housing ...
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(How) Do the ECB and the Fed React to Financial Market Uncertainty?: The Taylor Rule in Times of Crisis
... The fourth and last group of potential variables which might be influencing central banks’ interest rate setting during the crisis comprises asset price inflation. 19 Here, we focus on the two main asset classes housing ...
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The effect of ECB communication on the government bond market for eurozone countries
... Second, I expect that the effect on long-term bonds is larger than on short-term securities. The rationale behind this is that trading in short-term securities is more efficient and hence the future policy stance of the ...
How does the market price pension accruals?
... Secondly, there are a number of observations for which the actual return is equal to the expected return on pension plan assets. The likelihood of such an occurrence is fairly low, considering that this entails perfect ...
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The Elbas Market. How does it work? How could it work in Iceland?
... • To sell production or cover consumption or trade for single hours today and tomorrow • Handling of unexpected changes in electricity production, procurement or consumption in your electricity balance • React to ...
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How Does Algorithmic Trading Improve Market. Quality?
... for market maker attentiveness because they translate directly into the cost of potential market maker ...for market maker attentiveness as it is not possible to calculate portfolio returns when the ...
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How does the market value corporate sustainability performance?
... they evaluate the outcomes of companies’ behaviours in terms of how they have met expectations and have affected the groups and organizations in their environment (Wood and Jones, 1995, ...
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How Does the Market Value Unfunded Pension Liabilities?
... If in fact we assume 15 years amortization of excess funding, that 'I = '2 = .146, and that pre—tax interest rates are 10 percent, then (1.14) implies that a firm's value should rise by [r] ...
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How does the marriage market clear? An empirical framework
... MMF does not impose the required accounting identities, spousal substitution e¤ects are absent, and the changes in sex ratios of customary spousal age di¤erences were ...
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How to Evaluate TScale
... 1. After optimization, each component has its own unique location in memory. This prevents memory location conflicts and significantly reduces the degree to which the OS has to react to memory location conflicts by ...
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