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Stocks, bonds, money markets and exchange rates: measuring international financial transmission
Ehrmann, Michael; Fratzscher, Marcel; Rigobon, Roberto - 2005
The paper presents a framework for analyzing the degree of financial transmission between money, bond and equity markets and exchange rates within and between the United States and the euro area. We find that asset prices react strongest to other domestic asset price shocks, and that there are...
Persistent link: https://www.econbiz.de/10011604498
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Euro area government bonds: Integration and fragmentation during the sovereign debt crisis
Ehrmann, Michael; Fratzscher, Marcel - 2015
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10010520526
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Euro Area Government Bonds: Integration and Fragmentation during the Sovereign Debt Crisis
Ehrmann, Michael; Fratzscher, Marcel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10011273259
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Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis
Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2015
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10011276387
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Stocks, bonds, money markets and exchange rates: measuring international financial transmission
Ehrmann, Michael; Fratzscher, Marcel; Rigobon, Roberto - European Central Bank - 2005
The paper presents a framework for analyzing the degree of financial transmission between money, bond and equity markets and exchange rates within and between the United States and the euro area. We find that asset prices react strongest to other domestic asset price shocks, and that there are...
Persistent link: https://www.econbiz.de/10005162913
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Euro area government bonds : integration and fragmentation during the sovereign debt crisis
Ehrmann, Michael; Fratzscher, Marcel - 2015
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10010519824
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Euro area government bonds : fragmentation and contagion during the sovereign debt crisis
Ehrmann, Michael; Fratzscher, Marcel - In: Journal of international money and finance 70 (2017), pp. 26-44
Persistent link: https://www.econbiz.de/10011752308
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The path of European institutional and economic integration : what lessons for Latin America?
Dorrucci, Ettore; Firpo, Stefano; Fratzscher, Marcel; … - In: Journal of economic integration 20 (2005) 2, pp. 217-251
Persistent link: https://www.econbiz.de/10003334160
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Central bank communication on financial stability
Born, Benjamin; Ehrmann, Michael; Fratzscher, Marcel - European Central Bank - 2011
during the 2007-10 financial crisis. The findings suggest that financial stability communication by central banks are … perceived by markets to contain relevant information, and they underline the importance of differentiating between communication …
Persistent link: https://www.econbiz.de/10009003440
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Macroprudential policy and central bank communication
Born, Benjamin; Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2010
supervision. Central bank communication will constitute a central policy tool for that purpose. The paper asks how such … communication will affect financial markets, exploiting the fact that many central banks have had some financial stability role in … times, but can have a substantially larger effect during periods of financial stress. Moreover, central bank communication …
Persistent link: https://www.econbiz.de/10008692311