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Real Convergence in the Euro Area : A Long-Term Perspective

Diaz del Hoyo, Juan Luis - 2017

In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...

Persistent link: https://www.econbiz.de/10012941989

The impact of the Eurosystem's covered bond purchase programme on the primary and secondary markets

Beirne, John; Dalitz, Lars; Ejsing, Jacob; Grothe, Magdalena - 2011

This paper provides an assessment of the impact of the covered bond purchase programme (hereafter referred to as the CBPP) relative to its policy objectives. The analysis presented on the impact of the CBPP on both the primary and secondary bond markets indicates that the Programme has been an...

Persistent link: https://www.econbiz.de/10011606274

The bank lending survey for the euro area

Berg, Jesper; Ferrando, Annalisa; de Bondt, Gabe; … - 2005

This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It … clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending … survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non …

Persistent link: https://www.econbiz.de/10011606175

The role of financial markets and innovation in productivity and growth in Europe

Hartmann, Philipp; Heider, Florian; Papaioannou, Elias; … - 2007

The extended period of limited growth experienced until recently in many European countries raises the issue as to which policies could be most effective in improving their economic performance. This paper argues that further financial sector reforms may be a valuable complement to ongoing...

Persistent link: https://www.econbiz.de/10011606224

Economic Structures 20 Years into the Euro

Sondermann, David - 2019

Well-functioning economic structures are key for resilient and prospering euro area economies. The global financial and sovereign debt crises exposed the limited resilience of the euro area's economic structures. Economic growth was masking underlying weaknesses in several euro area countries....

Persistent link: https://www.econbiz.de/10012868456

Economic Structures 20 Years into the Euro

Sondermann, David; Consolo, Agostino; Gunnella, Vanessa; … - 2021

Well-functioning economic structures are key for resilient and prospering euro area economies. The global financial and sovereign debt crises exposed the limited resilience of the euro area’s economic structures. Economic growth was masking underlying weaknesses in several euro area countries....

Persistent link: https://www.econbiz.de/10013322232

The Role of Financial Markets and Innovation in Productivity and Growth in Europe

Hartmann, Philipp; Heider, Florian; Papaioannou, Elias; … - 2021

Persistent link: https://www.econbiz.de/10013316887

Structural Policies in the Euro Area

Masuch, Klaus - 2018

Structural policies in the euro area are of great interest for the Eurosystem, particularly as they can support the smooth functioning of the Economic and Monetary Union (EMU) and the effectiveness of monetary policy. This paper adopts a broad definition of structural policies, analysing not...

Persistent link: https://www.econbiz.de/10012916156

What's so Special About Specialisation in the Euro Area?

Mongelli, Francesco Paolo - 2016

Euro area countries exhibited modest convergence prior to the financial crisis and diverged thereafter. Such divergence has been examined from many angles, and various narratives of the crisis have developed. Surprisingly, the gradual transformation of the economic structures of euro area...

Persistent link: https://www.econbiz.de/10012999408