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Article XDate | Type | Description |
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161
30/09/2014 |
Article | Real estate plays a major role in business cycles through three main channels. The first one is housing investment, the second one is a financial accelerator by which the increase… |
162
30/09/2014 |
Article | The desire to own one’s home and to accumulate housing wealth is largely widespread in Europe. The fall in interest rates during the 2000s and the increased competition between… |
163
30/09/2014 |
Article | This paper analyzes the main changes in the housing financing in France during the period 2003-2013. Relying mostly on the data made available at the Banque de France, it recalls… |
164
21/03/2014 |
Article | The perception that the government bond buying program (OMT) announced by the ECB may lead to future tax burdens on countries, in particular on Germany, is based on an erroneous… |
165
21/03/2014 |
Article | Before the crisis emerging countries experienced substantial economic growth and their central banks made considerable progress in adopting modern and theoretically sound… |
166
21/03/2014 |
Article | The recent crisis will undoubtedly change central bank behaviour for a long time. Before the crisis, they managed short-term interest rates and looked after being credible in case… |
167
21/03/2014 |
Article | Now that it is no longer a taboo to consider the exit of a country from the euro area, it may be appropriate to revisit the different stages that led to the introduction of the… |
168
21/03/2014 |
Article | The ECB reacted swiftly and efficiently when the financial crisis burst in 2007 but it then experienced difficulties to cope with the euro sovereign debt crisis. Up till July 2012… |
169
21/03/2014 |
Article | Since the international financial crisis, a new central banking is prepared, and therefore a redefinition of monetary policies pursued by central banks and instruments to ensure… |
170
21/03/2014 |
Article | Innovative monetary policies have been triggered by the 2008-2010 crises. Withdrawing these unconventional policies brings in challenges but central banks should think about the… |
171
21/03/2014 |
Article | The crisis has exposed central banks all over the world to play a special – and partly new – role in advanced economies. This poses a series of challenges to the institutional… |
172
21/03/2014 |
Article | The monetary policies in response to the financial crisis demonstrated that changes in central bank balance sheets have major macroeconomic consequences. The New Classical… |
173
21/03/2014 |
Article | In the course of the 1970s and 80s, central banks became focused on price stability as a prime objective, and they were given more independence to assure such a mandate. Both… |
174
21/03/2014 |
Article | Inflation targeting was the only objective of monetary policy up to the financial crisis. Its rationale rests on a strong efficient market hypothesis that the systemic crisis has… |
175
21/03/2014 |
Article | The crisis has exposed the balancing act lying at the heart of monetary policy. On the one hand, central banks are key participants in addressing short-term challenges that the… |
176
21/03/2014 |
Article | Monetary policy in Israel during the global crisis used unconventional measures alongside aggressive cuts in the interest rate. The measures included the purchase of foreign… |
177
21/03/2014 |
Article | Both the central bank strategic framework and doctrine have been challenged by the recent financial crisis. Their focus on price stability was too narrowly defined and… |
178
21/03/2014 |
Article | This article aims at explaining how Switzerland succeeded in building a major competitive advantage in the financial sector. From a historical perspective, we show that the period… |
179
06/12/2013 |
Article | In recent years, a new means of payment tries to emerge: the mobile payment. Despite its advantages, the adoption of mobile payment seems to take time, especially when are… |
180
06/12/2013 |
Article | The global financial crisis has revealed several drawbacks in financial regulation and supervision. The article, after having identified the main lessons from the financial and… |