Money, credit, monetary policy and the business cycle in the euro area: what has changed since the crisis?

Gespeichert in:

Personen und Körperschaften:	Giannone, Domenico (VerfasserIn), Lenza, Michele (VerfasserIn), Reichlin, Lucrezia (VerfasserIn)
Titel:	Money, credit, monetary policy and the business cycle in the euro area: what has changed since the crisis?/ Domenico Giannone, Michele Lenza, Lucrezia Reichlin
Format:	E-Book
Sprache:	Englisch
veröffentlicht:	Frankfurt am Main, Germany European Central Bank [2019]
Gesamtaufnahme:	Europäische Zentralbank: Working paper series ; no 2226 (January 2019)
Schlagwörter:	1992-2018 Konjunktur Finanzintermediation Geldpolitik Geldmarkt Kreditmarkt Eurozone Finanzkrise Bank Makroökonomisches Modell USA EU-Staaten
Quelle:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Details
Zusammenfassung:	This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of the financial and sovereign debt crisis.
Umfang:	1 Online-Ressource (circa 42 Seiten); Illustrationen
ISBN:	9789289934886 9289934883
DOI:	10.2866/32939