... Then, the real exchange rate can be written as q = q
T
p, where
22
See, for example, Engel (1999).
18
WORKING PAPER NO. 06-9
NONTRADED GOODS, MARKET SEGMENTATION, AND
EXCHANGE RATES
Michael ... particular,
nominal and real exchange rates depreciate more in the absence of nontraded goods, and
the role of these shocks in accounting for exchange rate...
...
34
WORKING PAPER NO 13
CREDIT RISK TRANSFER
AND
FINANCIAL SECTOR PERFORMANCE
Wolf Wagner & Ian Marsh
The Working Paper is intended as a ... thoughts and findings
may be communicated to interested readers for their comments. The paper should be
considered preliminary in nature and may require substantial revision. Accordi...
... star.
Working Paper No. 400
Liquidity-saving mechanisms and
bank behaviour
Marco Galbiati and Kimmo Soramäki
July 2010
Working Paper No. 400 July 2010 19
Figure 6: Equilibria and planner’s ... This paper was finalised on 11 May 2010.
The Bank of England’s working paper series is externally refereed.
Information on the Bank’s working paper series can be found a...
... the exogenous variables are given in Tables A1, A2 and A3.
ECB Working Paper No 40
l
November 2000
28
Table 1a
Stylised facts on the link between money market rates and bank deposit rates
Table ... INTEREST RATE CHANNEL
OF ECB MONETARY POLICY
BY BENOÎT MOJON
November 2000
EUROPEAN CENTRAL BANK
WORKING PAPER SERIES
ECB Working Paper No 40
l
November 2000
18
The c...
... BANK
WORKING PAPER SERIES
EC
B
EZ
B
EK
T
B
C
E EK
P
WORKING PAPER NO. 72
BANK CONCENTRATION
AND RETAIL INTEREST
RATES
BY SANDRINE CORVOISIER
AND REINT GROPP
July 2001
ECB • Working Paper No ... appreciated.
WORKING PAPER NO. 72
BANK CONCENTRATION
AND RETAIL INTEREST
RATES
BY SANDRINE CORVOISIER
AND REINT GROPP
1
July 2001
ECB • Working Paper No 72 •...
... in De Bondt (2000).
11
ECB • Working Paper No 136 • April 2002
{Chart 2a and 2b}
4.2 Correlation analysis between retail bank interest rates and market interest rates
This section presents ... Bulletin
of Economics and Statistics, 54, 3, 325-348.
21
ECB • Working Paper No 136 • April 2002
Laudadio, L., 1987, Commercial banks: market structure and short-term...
... current month.
ECB • Working Paper No 192 • November 2002
18
EUROPEAN CENTRAL BANK
WORKING PAPER SERIES
ECB EZB EKT BCE EKP
WORKING PAPER NO. 192
IS THE EUROPEAN CENTRAL
BANK (AND THE UNITED
STATES ... (2001).
ECB • Working Paper No 192 • November 2002
14
While longer-term money market rates provide a picture of how the market view the path of
key ECB interest...
... sector and there does not exist a representative bank.
Working Paper No. 446 March 2012 18
Working Paper No. 446
The business cycle implications of banks’
maturity transformation
Martin M Andreasen, ... impact on firms’ decisions compared to one-period nominal contracts as considered
in Christiano, Motto and Rostagno (2003) and Christiano, Motto and Rostagno (2007). The aim
o...
... a particular macroeconomic variable, depending on the specific macroeconomic environment in
which it operates.
Announcing expected inflation and output gap
WORKING PAPER No. 72
29
4
E-stability ... particular macroeconomic variable, depending on the specific macroeconomic environment in
which it operates.
Figure 4: E-stability and root-t convergence under no announcement and under...
... BANK
WORKING PAPER SERIES
ECB EZB EKT BCE EKP
WORKING PAPER NO. 218
THE ZERO-INTEREST-RATE
BOUND AND THE ROLE OF THE
EXCHANGE RATE FOR
MONETARY POLICY IN JAPAN
BY GÜNTER COENEN AND
VOLKER WIELAND
MARCH ... 2003
EUROPEAN CENTRAL BANK
WORKING PAPER SERIES
*
ECB • Working Paper No 218 • March 2003
29
gaps under the linear and nonlinar rules for the Marshallian k, denot...