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Article XDate | Type | Description |
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121
31/10/2016 |
Article | The European economy is facing a real challenge regarding the financing of its growth opportunities. It needs to diversify corporate financing, channel households savings towards… |
122
31/10/2016 |
Article | Private Placements offer an alternative way of funding, especially for SME firms. This paper explains the circumstances under which the Euro PP (Private Placements) market has… |
123
31/10/2016 |
Article | This article reminds why saving now seems particularly abundant, but criticized the notion of « excess saving ». It argues that in the medium term, substantial saving can be… |
124
31/10/2016 |
Article | The emergence of virtual currencies, based on cryptographic protocols, raises questions about their status. Here, we analyze the case of Bitcoin. We show that bitcoin does not… |
125
31/03/2016 |
Article | In crisis times, the central bank is inevitably confronted with greater uncertainty and achieving its monetary policy objective becomes more complex. This paper posits that… |
126
31/03/2016 |
Article | According to some economists, the economy is presently entering a secular stagnation era, i.e. a long period of slow or no economic growth. This situation could be explained… |
127
31/03/2016 |
Article | QE implies heavy consequences for the financial security of households, which strongly demand capital guarantees on their long-term savings so to have financial predictability and… |
128
31/03/2016 |
Article | Financial crises have been an enduring phenomenon of the contemporary international economic environment. These crises tend to have two features in common. First, they are… |
129
31/03/2016 |
Article | The prolonged coexistence of low interest rates and low inflation makes the task of central banks more complicated. In this context, their price stability mandate must be… |
130
31/03/2016 |
Article | The Eurosystem has responded to the current crises with several conventional and unconventional measures. In the past few years, rates have been lowered – even into negative… |
131
31/03/2016 |
Article | Pre-crisis standard macroeconomic models, qualified as neo Keynesian, rely more on the concept of natural rate of interest than on global demand. But new insights in macroeconomic… |
132
31/03/2016 |
Article | The very low rate environment in the euro zone is a challenge for longer term savings. This deliberate monetary policy is here to stay according to the ECB at least until the… |
133
31/03/2016 |
Article | The internationalization of the Renminbi (RMB) has been drawing attention from both political scientists and economists, since the end of 2000s. Available data indicate a strong… |
134
31/03/2016 |
Article | This article builds and studies long-term series of French interest rates since the early 19th century: the central bank leading interest rate; the rate of the 3-month paper on… |
135
31/03/2016 |
Article | Since the Great Financial Crisis of 2007-2009, both advanced and emerging market economies have made progress in setting up macroprudential policy frameworks and implementing… |
136
31/03/2016 |
Article | This article first describes the fundamental causes of a deflation: a situation of excess of supply of goods and services which cannot be corrected anymore by the reduction in… |
137
31/03/2016 |
Article | Very low policy rates as well as the substantial redesign of rules and supervisory institutions have changed background conditions for the Euro Area’s financial intermediary… |
138
31/03/2016 |
Article | This article argues that quantitative easing, one of the two new monetary policy tools, is likely to last but that the other one, forward guidance, is not so successful since… |
139
31/03/2016 |
Article | Three “seismic” shifts in the global economy are identified: (1) a persistent dampening fallout from the property bubbles, busts, and the ensuing financial crises; (2) information… |
140
31/03/2016 |
Article | The negative nominal rates currently applied to some sovereign and banks, which refinance at negative interest rates offered by some central banks, have swept aside the zero-lower… |