Report NEP-FMK-2005-10-04

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Other reports in NEP-FMK

The following items were anounced in this report:

• Carlos Andrés Amaya, . "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Borradores de Economia 352, Banco de la Republica de Colombia. [Downloadable!]
• Will Martin & James E. Anderson, 2005. "Costs of Taxation and the Benefits of Public Goods: The Role of Income Effects," Boston College Working Papers in Economics 617, Boston College Department of Economics. [Downloadable!]
• Juan de Dios Tena & Francesco Giovannoni, 2005. "Market Concentration, Macroeconomic Uncertainty and Monetary Policy," Bristol Economics Discussion Papers 05/576, Department of Economics, University of Bristol, UK. [Downloadable!]
• Michel Beine & Paul De Grauwe & Marianna Grimaldi, 2005. "The Impact of FX Central Bank Intervention in a Noise Trading Framework," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
• Samuel Hanson & M. Hashem Pesaran & Til Schuermann, 2005. "Firm Heterogeneity and Credit Risk Diversification," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
• M. Hashem Pesaran & Til Schuermann & Björn-Jakob Treutler, 2005. "Global Business Cycles and Credit Risk," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
• Flandreau, Marc & Komlos, John, 2005. "Target Zones in Theory and History: Credibility, Efficiency, and Policy Autonomy," CEPR Discussion Papers 5199, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
• Gerlinde Fellner & Werner Güth & Boris Maciejovsky, 2005. "Satisficing in Financial Decision Making A Theoretical and Experimental Attempt to Explore Bounded Rationality," Discussion Papers on Strategic Interaction 2005-23, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
• M. Vittoria Levati & Werner Güth & Matteo Ploner, 2005. "On the social dimension of time and risk preferences: An experimental study," Discussion Papers on Strategic Interaction 2005-26, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
• Li-Gang Liu, 2005. "The Impact of Financial Services Trade Liberalization on China," Discussion papers 05024, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
• Mark W. French, 2005. "Why and when do spot prices of crude oil revert to futures price levels?," Finance and Economics Discussion Series 2005-30, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
• Don H. Kim & Jonathan H. Wright, 2005. "An arbitrage-free three-factor term structure model and the recent behavior of long-term yields and distant-horizon forward rates," Finance and Economics Discussion Series 2005-33, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
• Daniel L. Thornton, 2005. "Open market operations and the federal funds rate," Working Papers 2005-063, Federal Reserve Bank of St. Louis. [Downloadable!]
• James Vickery, 2005. "How and why do small firms manage interest rate risk? Evidence from commercial loans," Staff Reports 215, Federal Reserve Bank of New York. [Downloadable!]
• Mark Furletti, 2004. "Prepaid cards: how do they function? how are they regulated?," Payment Cards Center Discussion Paper 04-04, Federal Reserve Bank of Philadelphia. [Downloadable!]
• Mark Furletti & Stephen Smith, 2005. "The laws, regulations, and industry practices that protect consumers who use electronic payment systems: credit and debit cards," Payment Cards Center Discussion Paper 05-01, Federal Reserve Bank of Philadelphia. [Downloadable!]
• James C. McGrath, 2005. "Will online bill payment spell the demise of paper checks?," Payment Cards Center Discussion Paper 05-08, Federal Reserve Bank of Philadelphia. [Downloadable!]
• Silke Brandts, 2005. "ART versus reinsurance: the disciplining effect of information insensitivity," FMG Discussion Papers dp545, Financial Markets Group. [Downloadable!] (restricted)
• Charles Goodhart, 2005. "An Essay on the Interactions between the Bank of England's Forecasts, The MPC's Policy Adjustments, and the Eventual Outcome," FMG Discussion Papers dp546, Financial Markets Group. [Downloadable!] (restricted)
• Menkhoff, Lukas & Rebitzky, Rafael & Schröder, Michael, 2005. "Do Dollar Forecasters Believe too Much in PPP?," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-321, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
• Paulo Flavio Nacif Drummond & Zuzana Murgasova & Susan Schadler & Rachel van Elkan & Louis Kuijs, 2005. "Adopting the Euro in Central Europe: Challenges of the Next Step in European Integration," IMF Occasional Papers 234, International Monetary Fund.
• Rangan Gupta, 2005. "Financial Liberalization and Inflationary Dynamics in the Context of a Small Open Economy," Working papers 2005-39, University of Connecticut, Department of Economics. [Downloadable!]
• Nigel Driffield & Vidya Mahambare & Sarmistha Pal, 2005. "How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia," Finance 0509028, EconWPA. [Downloadable!]
• Yanhua ZHANG, 2005. "Collusion and Commitment in Bank Bailout," Industrial Organization 0509011, EconWPA. [Downloadable!]
• Trevor Breusch, 2005. "Australia's Cash Economy: Are the estimates credible?," Macroeconomics 0509025, EconWPA, revised 23 Sep 2005. [Downloadable!]
• Marc Henrard, 2005. "Value-at-Risk: The Delta-normal Approach," Risk and Insurance 0509001, EconWPA. [Downloadable!]
• Valeria De Bonis & Pompeo Della Posta, 2005. "Strategic interactions between monetary and fiscal authorities in a monetary union," Working Papers de Economia (Economics Working Papers) 26, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro. [Downloadable!]
• Kadri Männasoo & David G Mayes, 2005. "Investigating the Early Signals of Banking Sector Vulnerabilities in Central and East European Emerging Markets," Bank of Estonia Working Papers 2005-8, Bank of Estonia, revised 10 Oct 2005. [Downloadable!]
• Danny Pitzel & Lenno Uusküla, 2005. "The Effect of Financial Depth on Monetary Transmission," Bank of Estonia Working Papers 2005-10, Bank of Estonia, revised 10 Oct 2005. [Downloadable!]
• Wagner, Martin, 2005. "On PPP, Unit Roots and Panels," Economics Series 176, Institute for Advanced Studies. [Downloadable!]
• James Yetman, 2003. "The credibility of the monetary policy ‘free lunch’," Working Paper Series 284, European Central Bank. [Downloadable!]
• Giovanni Lombardo & Alan Sutherland, 2003. "Monetary and fiscal interactions in open economies," Working Paper Series 289, European Central Bank. [Downloadable!]
• Elena Carletti & Philipp Hartmann & Giancarlo Spagnolo, 2003. "Bank mergers, competition and liquidity," Working Paper Series 292, European Central Bank. [Downloadable!]
• Fabio Moneta, 2003. "Does the yield spread predict recessions in the euro area?," Working Paper Series 294, European Central Bank. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2003. "Optimal allotment policy in the eurosystem’s main refinancing operations?," Working Paper Series 295, European Central Bank. [Downloadable!]
• Mattias Villani & Anders Warne, 2003. "Monetary policy analysis in a small open economy using bayesian cointegrated structural VARs?," Working Paper Series 296, European Central Bank. [Downloadable!]
• Reint Gropp & Gerard Moerman, 2003. "Measurement of contagion in banks’ equity prices," Working Paper Series 297, European Central Bank. [Downloadable!]
• Xavier Freixas & Bruno M. Parigi & Jean-Charles Rochet, 2003. "The lender of last resort - a 21st century approach," Working Paper Series 298, European Central Bank. [Downloadable!]
• Michele Manna, 2004. "Developing statistical indicators of the integration of the euro area banking system," Working Paper Series 300, European Central Bank. [Downloadable!]
• Reint Gropp & Jukka Vesala, 2004. "Deposit insurance, moral hazard and market monitoring," Working Paper Series 302, European Central Bank. [Downloadable!]
• António Afonso & Rolf Strauch, 2004. "Fiscal policy events and interest rate swap spreads - evidence from the EU," Working Paper Series 303, European Central Bank. [Downloadable!]
• Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2004. "International risk-sharing and the transmission of productivity shocks," Working Paper Series 308, European Central Bank. [Downloadable!]
• João Sousa & Andrea Zaghini, 2004. "Monetary policy shocks in the euro area and global liquidity spillovers," Working Paper Series 309, European Central Bank. [Downloadable!]
• Gabe de Bondt & David Marqués, 2004. "The high-yield segment of the corporate bond market: a diffusion modelling approach for the United States, the United Kingdom and the euro area," Working Paper Series 313, European Central Bank. [Downloadable!]
• Alexis Derviz, 2004. "Exchange rate risks and asset prices in a small open economy," Working Paper Series 314, European Central Bank. [Downloadable!]
• Sami Vähämaa, 2004. "Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB," Working Paper Series 315, European Central Bank. [Downloadable!]
• Cornelia Holthausen & Thomas Rønde, 2004. "Cooperation in international banking supervision," Working Paper Series 316, European Central Bank. [Downloadable!]
• Gerard A. Moerman, 2004. "Diversification in euro area stock markets: country versus industry," Working Paper Series 327, European Central Bank. [Downloadable!]
• Roland Straub & Ivan Tchakarov, 2004. "Non-fundamental exchange rate volatility and welfare," Working Paper Series 328, European Central Bank. [Downloadable!]
• Roberto A. De Santis & Robert Anderton, 2004. "On the determinants of euro area FDI to the United States: the knowledge- capital- Tobin's Q framework," Working Paper Series 329, European Central Bank. [Downloadable!]
• Björn Fischer & Petra Köhler & Franz Seitz, 2004. "The demand for euro area currencies," Working Paper Series 330, European Central Bank. [Downloadable!]
• Athanasios Orphanides & John C. Williams, 2004. "The decline of activist stabilization policy: Natural rate misperceptions, learning and expectations," Working Paper Series 337, European Central Bank. [Downloadable!]
• Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2004. "The optimal degree of discretion in monetary policy," Working Paper Series 338, European Central Bank. [Downloadable!]
• Jordi Galí & J. David López-Salido & Javier Vallés, 2004. "Understanding the effects of government spending on consumption," Working Paper Series 339, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Equal size, equal role? Interest rate interdependence between the euro area and the United States," Working Paper Series 342, European Central Bank. [Downloadable!]
• Marcel Fratzscher & Matthieu Bussiere, 2004. "Financial openness and growth: Short-run gain, long-run pain?," Working Paper Series 348, European Central Bank. [Downloadable!]
• Günter Coenen & Volker Wieland, 2004. "Exchange-rate policy and the zero bound on nominal interest rates," Working Paper Series 350, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Taking stock: monetary policy transmission to equity markets," Working Paper Series 354, European Central Bank. [Downloadable!]
• Ulrich Bindseil & Gonzalo Camba-Mendez & Astrid Hirsch & Benedict Weller, 2004. "Excess reserves and the implementation of monetary policy of the ECB," Working Paper Series 361, European Central Bank. [Downloadable!]
• Marcel Fratzscher, 2004. "Communication and exchange rate policy," Working Paper Series 363, European Central Bank. [Downloadable!]
• Carsten Detken & Frank Smets, 2004. "Asset price booms and monetary policy," Working Paper Series 364, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Exchange rates and fundamentals - new evidence from real-time data," Working Paper Series 365, European Central Bank. [Downloadable!]
• Peter Christoffersen & Stefano Mazzotta, 2004. "The information content of over-the-counter currency options," Working Paper Series 366, European Central Bank. [Downloadable!]
• Kerstin Bernoth & Jürgen von Hagen & Ludger Schuknecht, 2004. "Sovereign risk premia in the European government bond market," Working Paper Series 369, European Central Bank. [Downloadable!]
• Thorsten V. Koeppl & Cyril Monnet, 2004. "Guess what: it's the settlements!," Working Paper Series 375, European Central Bank. [Downloadable!]
• Cornelia Holthausen & Jens Tapking, 2004. "Raising rival's costs in the securities settlement industry," Working Paper Series 376, European Central Bank. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2004. "Liquidity, information, and the overnight rate," Working Paper Series 378, European Central Bank. [Downloadable!]
• Olli Castrén, 2004. "Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?," Working Paper Series 379, European Central Bank. [Downloadable!]
• Klaus Adam & Roberto M. Billi, 2004. "Optimal monetary policy under discretion with a zero bound on nominal interest rates," Working Paper Series 380, European Central Bank. [Downloadable!]
• Albert J. Menkveld & Yiu C. Cheung & Frank de Jong, 2004. "Euro area sovereign yield dynamics - the role of order imbalance," Working Paper Series 385, European Central Bank. [Downloadable!]
• Jens Tapking & Jing Yang, 2004. "Horizontal and vertical integration and securities trading and settlement," Working Paper Series 387, European Central Bank. [Downloadable!]
• Silvia Ardagna, 2004. "Financial markets’ behavior around episodes of large changes in the fiscal stance," Working Paper Series 390, European Central Bank. [Downloadable!]
• Ulrich Bindseil & Andres Manzanares & Benedict Weller, 2004. "The role of central bank capital revisited," Working Paper Series 392, European Central Bank. [Downloadable!]
• Julius Moschitz, 2004. "The determinants of the overnight interest rate in the euro area," Working Paper Series 393, European Central Bank. [Downloadable!]
• Ricardo de O. Cavalcanti & Andrés Erosa & Tod Temzelides, 2004. "Liquidity, money creation and destruction, and the returns to banking," Working Paper Series 394, European Central Bank. [Downloadable!]
• Astrid Van Landschoot, 2004. "Determinants of euro term structure of credit spreads," Working Paper Series 397, European Central Bank. [Downloadable!]
• Yener Altunbas & David Marqués Ibáñez, 2004. "Mergers and acquisitions and bank performance in Europe: the role of strategic similarities," Working Paper Series 398, European Central Bank. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2004. "Sporadic manipulation in money markets with central bank standing facilities," Working Paper Series 399, European Central Bank. [Downloadable!]
• Robert-Paul Berben & Alberto Locarno & Julian Morgan & Javier Valles, 2004. "Cross-country differences in monetary policy transmission," Working Paper Series 400, European Central Bank. [Downloadable!]
• Leo Kaas, 2004. "Financial market integration and loan competition: when is entry deregulation socially beneficial?," Working Paper Series 403, European Central Bank. [Downloadable!]
• Giulia Iori, 2004. "An analysis of systemic risk in alternative securities settlement architectures," Working Paper Series 404, European Central Bank. [Downloadable!]
• Matthieu Bussière & Marcel Fratzscher & Winfried Koeniger, 2004. "Currency mismatch, uncertainty and debt maturity structure," Working Paper Series 409, European Central Bank. [Downloadable!]
• Francis Breedon & Paolo Vitale, 2004. "An empirical study of liquidity and information effects of order flow on exchange rates," Working Paper Series 424, European Central Bank. [Downloadable!]
• Darius P. Miller & John J. Puthenpurackal, 2005. "Security fungibility and the cost of capital - evidence from global bonds," Working Paper Series 426, European Central Bank. [Downloadable!]
• Karlo Kauko, 2005. "Interlinking securities settlement systems - a strategic commitment?," Working Paper Series 427, European Central Bank. [Downloadable!]
• Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
• Claudia M. Buch & John C. Driscoll & Charlotte Ostergaard, 2005. "Cross-border diversification in bank asset portfolios," Working Paper Series 429, European Central Bank. [Downloadable!]
• Marco Da Rin & Giovanna Nicodano & Alessandro Sembenelli, 2005. "Public policy and the creation of active venture capital markets," Working Paper Series 430, European Central Bank. [Downloadable!]
• Giacomo Calzolari & Gyöngyi Lóránth, 2005. "Regulation of multinational banks - a theoretical inquiry," Working Paper Series 431, European Central Bank. [Downloadable!]
• Yiu Chung Cheung & Frank de Jong & Barbara Rindi, 2005. "Trading European sovereign bonds - the microstructure of the MTS trading platforms," Working Paper Series 432, European Central Bank. [Downloadable!]
• Elias Papaioannou, 2005. "What drives international bank flows? Politics, institutions and other determinants," Working Paper Series 437, European Central Bank. [Downloadable!]
• Vincent Brousseau & Andrés Manzanares, 2005. "A look at intraday frictions in the euro area overnight deposit market," Working Paper Series 439, European Central Bank. [Downloadable!]
• Olli Castrén, 2005. "Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states," Working Paper Series 440, European Central Bank. [Downloadable!]
• Cyril Monnet & Erwan Quintin, 2005. "Why do financial systems differ? History matters," Working Paper Series 442, European Central Bank. [Downloadable!]
• Olli Castrén & Stefano Mazzotta, 2005. "Foreign exchange option and returns based correlation forecasts - evaluation and two applications," Working Paper Series 447, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher & Roberto Rigobon, 2005. "Stocks, bonds, money markets and exchange rates - measuring international financial transmission," Working Paper Series 452, European Central Bank. [Downloadable!]
• Joseph G. Pearlman, 2005. "Central bank transparency and private information in a dynamic macroeconomic model," Working Paper Series 455, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2005. "Transparency, disclosure and the Federal Reserve," Working Paper Series 457, European Central Bank. [Downloadable!]
• Marcus Miller & Olli Castrén & Lei Zhang, 2005. "Capital flows and the US ‘New Economy’ - consumption smoothing and risk exposure," Working Paper Series 459, European Central Bank. [Downloadable!]
• Carlos Bernadell & Joachim Coche & Ken Nyholm, 2005. "Yield curve prediction for the strategic investor," Working Paper Series 472, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2005. "Communication and decision-making by central bank committees - different strategies, same effectiveness?," Working Paper Series 488, European Central Bank. [Downloadable!]
• Katrin Tinn, 2005. "Optimal research in financial markets with heterogeneous private information a rational expectations model," Working Paper Series 493, European Central Bank. [Downloadable!]
• Mariassunta Giannetti & Steven Ongena, 2005. "Financial integration and entrepreneurial activity - evidence from foreign bank entry in emerging markets," Working Paper Series 498, European Central Bank. [Downloadable!]
• André Meier & Gernot J. Müller, 2005. "Fleshing out the monetary transmission mechanism - output composition and the role of financial frictions," Working Paper Series 500, European Central Bank. [Downloadable!]
• Andrea Ferrero, 2005. "Fiscal and monetary rules for a currency union," Working Paper Series 502, European Central Bank. [Downloadable!]
• Matthieu Bussière & Marcel Fratzscher & Gernot J. Müller, 2005. "Productivity shocks, budget deficits and the current account," Working Paper Series 509, European Central Bank. [Downloadable!]
• Zheng Liu & Evi Pappa, 2005. "Gains from international monetary policy coordination - does it pay to be different?," Working Paper Series 514, European Central Bank. [Downloadable!]
• Alain Durré & Pierre Giot, 2005. "An international analysis of earnings, stock prices and bond yields," Working Paper Series 515, European Central Bank. [Downloadable!]
• Patrick Van Roy, 2005. "Credit ratings and the standardised approach to credit risk in Basel II," Working Paper Series 517, European Central Bank. [Downloadable!]
• Gabe de Bondt & Benoit Mojon & Natacha Valla, 2005. "Term structure and the sluggishness of retail bank interest rates in euro area countries," Working Paper Series 518, European Central Bank. [Downloadable!]
• Rui Albuquerque & Gregory H. Bauer & Martin Schneider, 2004. "International equity flows and returns: A quantitative equilibrium approach," Working Paper Series 310, European Central Bank. [Downloadable!]
• Ulrich Bindseil & Tobias Linzert & Dieter Nautz, 2004. "The longer term refinancing operations of the ECB," Working Paper Series 359, European Central Bank. [Downloadable!]
• Peter Galos & Kimmo Soramäki, 2005. "Systemic risk in alternative payment system designs," Working Paper Series 508, European Central Bank. [Downloadable!]

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