1.

Record Nr.

UNINA9910969846403321

Autore

Stavrev Emil

Titolo

Euro Area Monetary Policy in Uncharted Waters / / Emil Stavrev, Thomas Harjes, Martin Cihak

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612843952

9781462315406

1462315402

9781451873320

1451873328

9781452752082

1452752087

9781282843950

1282843958

Edizione

[1st ed.]

Descrizione fisica

34 p. : ill

Collana

IMF Working Papers

Altri autori (Persone)

CihakMartin

HarjesThomas

Disciplina

332.4;332.494

Soggetti

Monetary policy - European Union countries - Econometric models

Global Financial Crisis, 2008-2009

Financial crises - European Union countries - Econometric models

Banks and banking, Central - European Union countries - Econometric models

Banking

Banks and Banking

Banks and banking

Banks

Bond yields

Bonds

Central bank policy rate

Depository Institutions

Economic & financial crises & disasters

Finance

Financial Crises

Financial crises

Financial Risk Management

General Financial Markets: General (includes Measurement and Data)

Interest rates

Interest Rates: Determination, Term Structure, and Effects



Investment & securities

Investments: Bonds

Micro Finance Institutions

Mortgages

Yield curve

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"August 2009."

Nota di contenuto

Intro -- Contents -- I. Introduction -- II. ECB's Policy Response to the Crisis -- III. Has the Transmission Been Impaired? -- A. Transmission Channels -- B. Methodology -- C. Results -- IV. Monetary Policy and The Return of The Liquidity Trap -- A. Overview -- B. Empirical Assessment -- V. Conclusions -- References -- Tables -- 1. VAR Parameter Estimates -- 2. Risk Factor Loadings -- Figures -- 1. Euro Area: Recent Developments of the ECB's Liquidity Operations -- 2. Euro Area: Cost of Borrowing by Businesses and Households -- 3. Euro Area: Pass-through of The ECB Policy Rate Changes to Market Rates -- 4. Euro Area: The Impact of Crisis on Policy Rate Pass-through -- 5. Euro Area: VAR Residuals of Market Rates -- 6. Euro Area: Effectiveness of Monetary Policy -- 7. Euro Area Macro-Financial Model: Government Bond Yields and Model -- Appendix -- I. Small Theory-based Model for the Euro Area.

Sommario/riassunto

We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We also find some evidence that the ECB's non-standard measures, namely the lengthening of the maturity of monetary policy operations and the provision of funds at the fixed rate, reduced money market term spreads, facilitating the pass-through from policy to market rates. Furthermore, the results imply that the substantial increase in the ECB's balance sheet may have contributed to a reduction in government bond term spreads.



2.

Record Nr.

UNINA9910968063503321

Autore

Zapf Eleonore

Titolo

Ungeheurer Atlantik : Absenz und Wiederkehr in ausgewählten atlantischen Poetiken des 20. Jahrhunderts / Eleonore Zapf, Tobias Döring, Martin von Koppenfels, Inka Mülder-Bach, Robert Stockhammer, Paul Fleming, Ulrike Sprenger, John T. Hamilton

Pubbl/distr/stampa

Paderborn, : Brill | Fink, 2020

ISBN

3-8467-6445-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource

Collana

Periplous, Münchener Studien Zur Literaturwissenschaft

Disciplina

841.914

Soggetti

Fernando Pessoa

Édouard Glissant

Derek Walcott

Manuel Padorno

das Unheimliche

atlantische Lyrik

moderne Lyrik

atlantische Kulturgeschichte

Karibik

Kanarische Inseln

Atlantic Poetry

modern Poetry

Atlantic History

Caribbean

Canary Islands

Lingua di pubblicazione

Tedesco

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

Während der Atlantik in der Antike als unüberwindbar galt, verwandelte er sich im Zeitalter der modernen Globalisierung in einen transmarinen Raum der ständigen Bewegung und Aushandlung verschiedener kultureller Konzepte. Doch auch in diesem aufgeklärten Kontext behält



der Atlantik in der poetischen Phantasie noch immer Merkmale des Ungeheuren. Das Verdrängte taucht auf unheimliche Weise wieder auf und konfrontiert die Kulturgeschichte mit ihrer vergessenen Vergangenheit. Der Band erweitert US-amerikanische Ansätze der Atlantic Studies um spanische, lusitanische und karibische Sichtweisen und analysiert atlantische Texte von Fernando Pessoa, Édouard Glissant, Derek Walcott und Manuel Padorno.