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Peter Wierts

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Kees van Hee & Anneke Kosse & Peter Wierts & Jacob Wijngaard, 2025. "Let's speak the same language: a formally defined model to describe and compare payment system architectures," BIS Working Papers 1259, Bank for International Settlements.

    Cited by:

    1. Bindseil, Ulrich, 2026. "Innovations and the layering of money and payments," SAFE Working Paper Series 473, Leibniz Institute for Financial Research SAFE.

  2. Wilko Bolt & Jon Frost & Hyun Song Shin & Peter Wierts, 2023. "The Bank of Amsterdam and the limits of fiat money," BIS Working Papers 1065, Bank for International Settlements.

    Cited by:

    1. Xu, Chenzi & Yang, He, 2024. "Real effects of supplying safe private money," Journal of Financial Economics, Elsevier, vol. 157(C).
    2. Tomas Adam & Ales Michl & Michal Skoda, 2023. "Balancing Volatility and Returns in the Czech National Bank's Foreign Exchange Portfolio," Research and Policy Notes 2023/01, Czech National Bank, Research and Statistics Department.
    3. Elizabeth C. Klee & Arazi Lubis & Chase Ross & Sharon Y. Ross & Alexandros Vardoulakis, 2026. "The Fragility of Perfectly Safe Digital Money," Finance and Economics Discussion Series 2026-037, Board of Governors of the Federal Reserve System (U.S.).
    4. Joaquín Bernal-Ramírez & Carlos A. Arango-Arango & Luis Eduardo Castellanos-Rodríguez, 2024. "Breve historia de la evolución del sistema de pagos en Colombia 1923-2023," Borradores de Economia 1290, Banco de la Republica de Colombia.
    5. Ferrari Minesso, Massimo & Siena, Daniele, 2026. "Private money and public debt. U.S. Stablecoins and the global safe asset channel," Working Paper Series 3174, European Central Bank.
    6. Barrios, John & Bertsch, Christoph & Schilling, Linda, 2026. "One Asset, Two Financial Systems: Stablecoins and the Transmission of Runs between Decentralized and Traditional Finance," MPRA Paper 129798, University Library of Munich, Germany.
    7. Matteo Bonetti & Dirk Broeders & Damiaan Chen & Daniel Dimitrov, 2024. "Central Bank Capital and Shareholder Relationship," Working Papers 809, DNB.
    8. Georgy Lukyanov, 2026. "Defensive Pessimism: Growth, Culture, and the Survival of Evidence," Papers 2608.04787, arXiv.org, revised Sep 2026.
    9. Bertsch, Christoph, 2023. "Stablecoins: Adoption and Fragility," Working Paper Series 423, Sveriges Riksbank (Central Bank of Sweden), revised 01 Dec 2025.
    10. Vincent Bignon & Benoit Mojon & Miguel Ortiz Serrano, 2026. "The Trafalgar squeeze of global liquidity," BIS Working Papers 1347, Bank for International Settlements.
    11. Jean Barthélemy & Eric Mengus & Guillaume Plantin, 2025. "A State Theory of Price Levels," Working papers 1023, Banque de France.

  3. Wilko Bolt & Vera Lubbersen & Peter Wierts, 2022. "Getting the balance right: Crypto, stablecoin and CBDC," Working Papers 736, DNB.

    Cited by:

    1. Thabet, Thabet Bakheet & Mertzanis, Charilaos, 2026. "Retail cryptocurrency adoption and the progress of Central Bank Digital Currencies," Research in International Business and Finance, Elsevier, vol. 87(C).
    2. Maarten van Oordt, 2022. "The Emerging Autonomy–Stability Choice for Stablecoins," Tinbergen Institute Discussion Papers 22-015/IV, Tinbergen Institute.
    3. Bindseil, Ulrich, 2026. "Innovations and the layering of money and payments," SAFE Working Paper Series 473, Leibniz Institute for Financial Research SAFE.
    4. Ozili, Peterson K, 2023. "Assessing global and local interest in eNaira CBDC and cryptocurrency information: implications for financial stability," MPRA Paper 116978, University Library of Munich, Germany.
    5. Alexey Ponomarenko, 2023. "National Currencies in International Settlements: Main Mechanisms," Russian Journal of Money and Finance, Bank of Russia, vol. 82(3), pages 35-47, September.

  4. Jon Frost & Hyun Song Shin & Peter Wierts, 2020. "An early stablecoin? The Bank of Amsterdam and the governance of money," BIS Working Papers 902, Bank for International Settlements.

    Cited by:

    1. Grodecka-Messi, Anna & Zhang, Xin, 2023. "Private Bank Money vs Central Bank Money: A Historical Lesson for CBDC Introduction," Working Paper Series 424, Sveriges Riksbank (Central Bank of Sweden), revised 01 Jul 2023.
    2. Raphael Auer & Rainer Boehme, 2021. "Central bank digital currency: the quest for minimally invasive technology," BIS Working Papers 948, Bank for International Settlements.
    3. Raphael Auer & Philipp Haene & Henry Holden, 2021. "Multi-CBDC arrangements and the future of cross-border payments," BIS Papers, Bank for International Settlements, number 115, November.
    4. Raphael A. Auer, 2022. "Embedded Supervision: How to Build Regulation into Decentralised Finance," CESifo Working Paper Series 9771, CESifo.
    5. Raphael A. Auer & David Tercero-Lucas, 2021. "Distrust or Speculation? The Socioeconomic Drivers of U.S. Cryptocurrency Investments," CESifo Working Paper Series 9287, CESifo.
    6. Raphael Auer & Cyril Monnet & Hyun Song Shin, 2021. "Distributed ledgers and the governance of money," BIS Working Papers 924, Bank for International Settlements.
    7. Ozili, Peterson K, 2024. "Nigeria cNGN stablecoin: everything you need to know about cNGN and eNaira CBDC," MPRA Paper 120801, University Library of Munich, Germany.
    8. Raphael Auer & Marc Farag & Ulf Lewrick & Lovrenc Orazem & Markus Zoss, 2022. "Banking in the shadow of Bitcoin? The institutional adoption of cryptocurrencies," BIS Working Papers 1013, Bank for International Settlements.
    9. Michael Cary, 2024. "Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-23, December.
    10. Raphael Auer & Codruta Boar & Giulio Cornelli & Jon Frost & Henry Holden & Andreas Wehrli, 2021. "CBDCs beyond borders: results from a survey of central banks," BIS Papers, Bank for International Settlements, number 116, November.
    11. Auer, Raphael & Cornelli, Giulio & Frost, Jon, 2020. "Rise of the central bank digital currencies: drivers, approaches and technologies," CEPR Discussion Papers 15363, Centre for Economic Policy Research.
    12. Hui, Cho-Hoi & Wong, Andrew & Lo, Chi-Fai, 2025. "Stablecoin price dynamics under a peg-stabilising mechanism," Journal of International Money and Finance, Elsevier, vol. 152(C).
    13. Jean Barthélemy & Paul Gardin & Benoit Nguyen, 2023. "Stablecoins and the Financing of the Real Economy," Working papers 908, Banque de France.
    14. Tatiana A. Gorbacheva, 2022. "Stablecoins As a New Word in the Cryptocurrency Market," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 126-139, February.
    15. Maarten van Oordt, 2022. "The Emerging Autonomy–Stability Choice for Stablecoins," Tinbergen Institute Discussion Papers 22-015/IV, Tinbergen Institute.
    16. Douglas Arner & Raphael Auer & Jon Frost, 2020. "Stablecoins: potential, risks and regulation," BIS Working Papers 905, Bank for International Settlements.
    17. Barthélemy, Jean & Gardin, Paul & Nguyen, Benoit, 2026. "Stablecoins and short-term funding markets," Journal of International Money and Finance, Elsevier, vol. 161(C).
    18. Bindseil, Ulrich, 2026. "Innovations and the layering of money and payments," SAFE Working Paper Series 473, Leibniz Institute for Financial Research SAFE.
    19. Paolo Guasoni & Gur Huberman & Clara Shikhelman, 2024. "Lightning Network Economics: Channels," Management Science, INFORMS, vol. 70(6), pages 3827-3840, June.
    20. Raphael Auer & Cyril Monnet & Hyun Song Shin, 2021. "Permissioned Distributed Ledgers and the Governance of Money," Diskussionsschriften dp2101, Universitaet Bern, Departement Volkswirtschaft.
    21. Paweł Kowalewski, 2024. "Relationship between central banks’ activities and their profitability," Bank i Kredyt, Narodowy Bank Polski, vol. 55(3), pages 221-254.
    22. Kenechukwu E. Anadu & Pablo D. Azar & Catherine Huang & Marco Cipriani & Thomas M. Eisenbach & Gabriele La Spada & Mattia Landoni & Marco Macchiavelli & Antoine Malfroy-Camine & J. Christina Wang, 2025. "Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?," Supervisory Research and Analysis Working Papers SRA 23-02, Federal Reserve Bank of Boston.
    23. Lyons, Richard K. & Viswanath-Natraj, Ganesh, 2023. "What keeps stablecoins stable?," Journal of International Money and Finance, Elsevier, vol. 131(C).
    24. Vincent Bignon & Benoit Mojon & Miguel Ortiz Serrano, 2026. "The Trafalgar squeeze of global liquidity," BIS Working Papers 1347, Bank for International Settlements.
    25. Raphael Auer & Jon Frost & Leonardo Gambacorta & Cyril Monnet & Tara Rice & Hyun Song Shin, 2021. "Central bank digital currencies: motives, economic implications and the research frontier," BIS Working Papers 976, Bank for International Settlements.

  5. Esti Kemp & Rene van Stralen & Alexandros Vardoulakis & Peter J. Wierts, 2018. "The Non-Bank Credit Cycle," Finance and Economics Discussion Series 2018-076, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Davydiuk, Tetiana & Marchuk, Tatyana & Rosen, Samuel, 2024. "Direct lenders in the U.S. middle market," Journal of Financial Economics, Elsevier, vol. 162(C).
    2. Giuzio, Margherita & Kapadia, Sujit & Kaufmann, Christoph & Storz, Manuela & Weistroffer, Christian, 2025. "Macroprudential policy, monetary policy and non-bank financial intermediation," Working Paper Series 3130, European Central Bank.

  6. Groenewegen, Jesse & Wierts, Peter, 2017. "Two Big Distortions: Bank Incentives for Debt Financing," ESRB Working Paper Series 53, European Systemic Risk Board.

    Cited by:

    1. Kumhof, Michael, 2025. "The Chicago Plan Revisited - Debt-free Money, Growth, and Stability," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325358, Verein für Socialpolitik / German Economic Association.
    2. Mario Bellia & Sara Maccaferri & Sebastian Schich, 2022. "Limiting too-big-to-fail: market reactions to policy announcements and actions," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 368-389, December.

  7. Janko Cizel & Jon Frost & Aerdt G. F. J. Houben & Peter Wierts, 2016. "Effective Macroprudential Policy: Cross-Sector Substitution from Price and Quantity Measures," IMF Working Papers 2016/094, International Monetary Fund.

    Cited by:

    1. Hamdi Jbir & Cornel Oros & Alexandra Popescu, 2024. "Macroprudential policy and financial system stability: an aggregate study," Empirical Economics, Springer, vol. 66(5), pages 1941-1973, May.
    2. Eller, Markus & Hauzenberger, Niko & Huber, Florian & Schuberth, Helene & Vashold, Lukas, 2021. "The impact of macroprudential policies on capital flows in CESEE," Journal of International Money and Finance, Elsevier, vol. 119(C).
    3. Katharina Bergant & Francesco Grigoli & Niels‐Jakob Hansen & Damiano Sandri, 2024. "Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(6), pages 1405-1438, September.
    4. Ka Kei Chan & E. Philip Davis & Dilruba Karim, 2024. "Macroprudential policy, bank competition and bank risk in East Asia," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(3), pages 326-358, September.
    5. E. Philip Davis & Dilruba Karim & Dennison Noel, 2025. "The determination of bank interest rate margins: Is there a role for macroprudential policy?," Journal of Banking Regulation, Palgrave Macmillan, vol. 26(3), pages 433-463, September.
    6. Forbes, Kristin, 2020. "The International Aspects of Macroprudential Policy," CEPR Discussion Papers 15198, Centre for Economic Policy Research.
    7. Brei, Michael & Ferri, Giovanni & Gambacorta, Leonardo, 2018. "Financial structure and income inequality," CEPR Discussion Papers 13330, Centre for Economic Policy Research.
    8. I. Giraldo & Turner P, 2022. "The dollar debt of companies in Latin America: the warning signs," Documentos de trabajo 20025, FLAR.
    9. Kouretas, Georgios P. & Pawłowska, Małgorzata, 2020. "Does change in the market structure have any impact on different types of bank loans in the EU?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 65(C).
    10. Abad, Jorge & D'Errico, Marco & Killeen, Neill & Luz, Vera & Peltonen, Tuomas A. & Portes, Richard & Urbano, Teresa, 2017. "Mapping the interconnectedness between EU banks and shadow banking entities," ESRB Working Paper Series 40, European Systemic Risk Board.
    11. Banti, Chiara & Phylaktis, Kate, 2019. "Global liquidity, house prices and policy responses," Journal of Financial Stability, Elsevier, vol. 43(C), pages 79-96.
    12. Tobias Adrian & Edouard Chrétien & Michael Chui & Saskia de Vries-van Ewijk & Christoph Fricke & Daniel Fricke & Seppo Honkapohja & Jiasun Li & Victor Lyonnet & Stan Maes & Patrizio Morganti & Daniéle, 2018. "Shadow Banking: Financial Intermediation beyond Banks," SUERF Studies, SUERF - The European Money and Finance Forum, number 2018/1 edited by Esa Jokivuolle, January-J.
    13. Huang, Min & Jiang, Hai, 2025. "Shadow banking, macroprudential policy and banks’ systemic risk," Research in International Business and Finance, Elsevier, vol. 77(PB).
    14. Başkaya, Yusuf Soner & Shim, Ilhyock & Turner, Philip, 2025. "Financial development and the effectiveness of macroprudential and capital flow management measures," Journal of Banking & Finance, Elsevier, vol. 178(C).
    15. Soyoung Kim & Aaron Mehrotra, 2019. "Examining macroprudential policy and its macroeconomic effects - some new evidence," BIS Working Papers 825, Bank for International Settlements.
    16. Jon Frost & Patty Duijm & Clemens Bonner & Leo Haan & Jakob Haan, 2019. "International Lending of Dutch Insurers and Pension Funds: the Impact of ECB Monetary Policy and Prudential Policies in the Host Country," Open Economies Review, Springer, vol. 30(3), pages 445-456, July.
    17. Diego Rojas & Carlos A. Vegh & Guillermo Vuletin, 2020. "The Macroeconomic Effects of Macroprudential Policy: Evidence from a Narrative Approach," NBER Working Papers 27687, National Bureau of Economic Research, Inc.
    18. Jelisaveta Lazarevic & Tanja Kuzman & Milan Nedeljkovic, 2022. "Credit cycles and macroprudential policies in emerging market economies," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 633-666, September.
    19. Liu, Yangjingzhuo & Wang, Daoping & Fan, Xiaoyun, 2026. "Fintech, systemic risk and bank performance: Based on the perspective of systemic-risk-adjusted performance," Pacific-Basin Finance Journal, Elsevier, vol. 95(C).
    20. Leonardo Gambacorta & Andrés Murcia, 2019. "The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    21. Alin-Marius Andries & Florentina Melnic & Simona Nistor, 2018. "Effects of Macroprudential Policy on Systemic Risk and Bank Risk Taking," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 68(3), pages 202-244, July.
    22. Anusha Chari & Karlye Dilts Stedman & Kristin J. Forbes, 2021. "Spillovers at the Extremes: The Macroprudential Stance and Vulnerability to the Global Financial Cycle," Research Working Paper RWP 21-16, Federal Reserve Bank of Kansas City.
    23. Guiting Lin & Alice Y. Ouyang, 2024. "Macroprudential policy leakage: Evidence from shadow banking activities of Chinese enterprises," Contemporary Economic Policy, Western Economic Association International, vol. 42(1), pages 160-182, January.
    24. Yusuf Soner Baskaya & Turalay Kenç & Ilhyock Shim & Philip Turner, 2016. "Financial development and the effectiveness of macroprudential measures," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy, volume 86, pages 103-116, Bank for International Settlements.
    25. Malovaná, Simona & Hodula, Martin & Gric, Zuzana & Bajzík, Josef, 2023. "Macroprudential policy in central banks: Integrated or separate? Survey among academics and central bankers," Journal of Financial Stability, Elsevier, vol. 65(C).
    26. Gabriele Galati & Richhild Moessner, 2018. "What Do We Know About the Effects of Macroprudential Policy?," Economica, London School of Economics and Political Science, vol. 85(340), pages 735-770, October.
    27. Financial Stability Committee, Task Force on cross-border Spillover Effects of macroprudential measures & Kok, Christoffer & Reinhardt, Dennis, 2020. "Cross-border spillover effects of macroprudential policies: a conceptual framework," Occasional Paper Series 242, European Central Bank.
    28. De Schryder, Selien & Opitz, Frederic, 2021. "Macroprudential policy and its impact on the credit cycle," Journal of Financial Stability, Elsevier, vol. 53(C).
    29. Gambacorta, Leonardo & Murcia, Andrés, 2020. "The impact of macroprudential policies in Latin America: An empirical analysis using credit registry data," Journal of Financial Intermediation, Elsevier, vol. 42(C).
    30. Pierre-Richard Agénor & Luiz A. Pereira da Silva, 2022. "Financial spillovers, spillbacks, and the scope for international macroprudential policy coordination," International Economics and Economic Policy, Springer, vol. 19(1), pages 79-127, February.
    31. Ahn, JaeBin & Kim, Youngju & Lim, Hyunjoon, 2025. "Assessing the bank lending channel of macroprudential policy: Evidence from the loan-to-deposit ratio regulation in Korea," Journal of Banking & Finance, Elsevier, vol. 180(C).
    32. Fatma Pinar Erdem Kucukbicakci & Etkin Ozen & Ibrahim Unalmis, 2020. "Are Macroprudential Policies Effective Tools to Reduce Credit Growth in Emerging Markets?," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 6(1), pages 73-89, June.
    33. Martin Hodula & Ngoc Anh Ngo, 2021. "Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries," Working Papers 2021/5, Czech National Bank, Research and Statistics Department.
    34. Krenz, Johanna & Verma, Akhilesh K, 2023. "A leaky pipeline: Macroprudential policy shocks, non-bank financial intermediation and systemic risk in Europe," WiSo-HH Working Paper Series 79, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    35. Qin, Xueming & Peng, Gangdong & Zhao, Mengxiang, 2025. "Effects of inflation and macroprudential policies on bank risk: Evidence from emerging economies," International Review of Financial Analysis, Elsevier, vol. 97(C).
    36. Stijn Claessens & Giulio Cornelli & Leonardo Gambacorta & Francesco Manaresi & Yasushi Shiina, 2021. "Do macroprudential policies affect non-bank financial intermediation?," BIS Working Papers 927, Bank for International Settlements.
    37. Gebauer, Stefan & Mazelis, Falk, 2023. "Macroprudential regulation and leakage to the shadow banking sector," European Economic Review, Elsevier, vol. 154(C).
    38. Dimitris Mokas & Massimo Giuliodori, 2021. "Effects of LTV announcements in EU economies," Working Papers 704, DNB.
    39. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    40. Meijers, Huub & Muysken, Joan, 2016. "The impact of quantitative easing in the Netherlands: A stock-flow consistent approach," MERIT Working Papers 2016-067, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    41. Deku, Solomon Y. & Morris, Diego, 2025. "Climate change and the rise of shadow banking: A global analysis," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    42. Mokas, Dimitris & Giuliodori, Massimo, 2023. "Effects of LTV announcements in EU economies," Journal of International Money and Finance, Elsevier, vol. 133(C).
    43. Abad, Jorge & D’Errico, Marco & Killeen, Neill & Luz, Vera & Peltonen, Tuomas & Portes, Richard & Urbano, Teresa, 2022. "Mapping exposures of EU banks to the global shadow banking system," Journal of Banking & Finance, Elsevier, vol. 134(C).
    44. Olszak, Małgorzata & Godlewski, Christophe J. & Roszkowska, Sylwia & Skała, Dorota, 2025. "Loan loss provisions of European banks – Does macroprudential tightening matter?," Research in International Business and Finance, Elsevier, vol. 73(PB).
    45. Pierre-Richard Agénor & L. Pereira da Silva, 2016. "Capital Requirements, Risk Taking and Welfare in a Growing Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 226, Economics, The University of Manchester.
    46. Igan, Deniz & Mirzaei, Ali & Moore, Tomoe, 2023. "Does macroprudential policy alleviate the adverse impact of COVID-19 on the resilience of banks?," Journal of Banking & Finance, Elsevier, vol. 147(C).
    47. Golden, Brian & Hughes, Patrick, 2018. "Shining a light on Special Purpose Entities in Ireland," Economic Letters 11/EL/18, Central Bank of Ireland.
    48. Cecchetti, Stephen G. & Narita, Machiko & Rawat, Umang & Sahay, Ratna, 2023. "Addressing Spillovers from Prolonged U.S. Monetary Policy Easing," Journal of Financial Stability, Elsevier, vol. 64(C).
    49. Sikalao-Lekobane, Onneetse L., 2025. "Do macroprudential policies influence FinTech credit growth?," Economic Modelling, Elsevier, vol. 151(C).
    50. Marcin Czaplicki, 2022. "Measuring the restrictiveness of (macro)prudential policy: the case of bank capital regulation in Poland," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(3), pages 322-338, September.
    51. Ms. Juliana Dutra Araujo & Manasa Patnam & Ms. Adina Popescu & Mr. Fabian Valencia & Weijia Yao, 2020. "Effects of Macroprudential Policy: Evidence from Over 6,000 Estimates," IMF Working Papers 2020/067, International Monetary Fund.
    52. Bank for International Settlements, 2021. "Changing patterns of capital flows," CGFS Papers, Bank for International Settlements, number 66.
    53. Nitzan Tzur-Ilan, 2019. "Macroprudential Policy: Implementation, Effects, And Lessons," Israel Economic Review, Bank of Israel, vol. 17(1), pages 39-71.
    54. Bhargava, Apoorv & Gόrnicka, Lucyna & Xie, Peichu, 2023. "Leakages from macroprudential regulations: the case of household-specific tools and corporate credit," Working Paper Series 2784, European Central Bank.
    55. Gebauer, Stefan & Mazelis, Falk, 2018. "The Role of Shadow Banking for Financial Regulation," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181581, Verein für Socialpolitik / German Economic Association.
    56. Kosenko, Konstantin & Michelson, Noam, 2022. "It takes more than two to tango: Multiple bank lending, asset commonality and risk," Journal of Financial Stability, Elsevier, vol. 61(C).
    57. Elien Meuleman & Rudi Vander Vennet, 2019. "Macroprudential Policy And Bank Systemic Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/971, Ghent University, Faculty of Economics and Business Administration.
    58. Fendoğlu, Salih, 2017. "Credit cycles and capital flows: Effectiveness of the macroprudential policy framework in emerging market economies," Journal of Banking & Finance, Elsevier, vol. 79(C), pages 110-128.
    59. Hodula, Martin, 2022. "Does Fintech credit substitute for traditional credit? Evidence from 78 countries," Finance Research Letters, Elsevier, vol. 46(PB).
    60. Karamysheva, Madina & Seregina, Ekaterina, 2022. "Prudential policies and systemic risk: The role of interconnections," Journal of International Money and Finance, Elsevier, vol. 127(C).
    61. Frost, Jon & van Stralen, René, 2018. "Macroprudential policy and income inequality," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 278-290.
    62. Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
    63. Bhargava, Apoorv & Górnicka, Lucyna & Xie, Peichu, 2025. "Leakages from macroprudential regulations: The case of household-specific tools and corporate credit," Economic Modelling, Elsevier, vol. 153(C).
    64. Dilruba Karim & E. Philip Davis & Dennison Noel, 2026. "Noninterest income, macroprudential policy and bank performance," Journal of Banking Regulation, Palgrave Macmillan, vol. 27(3), pages 1-36, September.
    65. Hodula, Martin, 2022. "Bringing the flashlight: Shadow banking in European Union countries," Finance Research Letters, Elsevier, vol. 47(PB).
    66. Araujo, Juliana & Patnam, Manasa & Popescu, Adina & Valencia, Fabian & Yao, Weijia, 2024. "Effects of macroprudential policy: Evidence from over 6000 estimates," Journal of Banking & Finance, Elsevier, vol. 169(C).
    67. Kiemo, Samuel & Kamau, Anne & Rugiri, Irene W. & Talam, Camilla, 2021. "Macroprudential regulation and bank stability: The credit market signal," KBA Centre for Research on Financial Markets and Policy Working Paper Series 53, Kenya Bankers Association (KBA).
    68. E Philip Davis & Ka Kei Chan & Dilruba Karim, 2021. "Macroprudential Policy, Bank Competition and Bank Risk in East Asia," National Institute of Economic and Social Research (NIESR) Discussion Papers 533, National Institute of Economic and Social Research.
    69. Nitzan Tzur-Ilan, 2018. "LTV Limits and Borrower Risk," Bank of Israel Working Papers 2018.12, Bank of Israel.
    70. Broos, Menno & Ghalanos, Michalis & Kennedy, Bernard & Landbeck, Alexander & Lerner, Christina & Menezes, Paula & Schiavone, Alessandro & Tilley, Thomas & Viani, Francesca & Reinhardt, Dennis & Metzem, 2016. "Dealing with large and volatile capital flows and the role of the IMF," Occasional Paper Series 180, European Central Bank.
    71. Eddie Gerba & Petros Katsoulis, 2021. "The repo market under Basel III," Bank of England Staff Working Paper series 954, Bank of England.
    72. Katsurako Sonoda & Nao Sudo, 2025. "Is Macroprudential Policy Instrument Blunt? Empirical Analysis Based on Japan's Experience from the 1970s to the 1990s," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(6), pages 1509-1557, September.
    73. Salim Dehmej & Leonardo Gambacorta, 2019. "Macroprudential Policy in a Monetary Union," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(2), pages 195-212, June.
    74. Marina Tiunova, 2019. "Commodity and Financial Cycles in Resource-based Economies," Russian Journal of Money and Finance, Bank of Russia, vol. 78(3), pages 38-70, September.
    75. Jorge E. Galán & Matías Lamas, 2025. "Beyond the LTV Ratio: Lending Standards, Regulatory Arbitrage, and Mortgage Default," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(1), pages 107-150, February.
    76. Esti Kemp & Rene van Stralen & Alexandros Vardoulakis & Peter J. Wierts, 2018. "The Non-Bank Credit Cycle," Finance and Economics Discussion Series 2018-076, Board of Governors of the Federal Reserve System (U.S.).
    77. Zsolt Darvas & Dirk Schoenmaker & Nicolas Véron, 2016. "Reforms to the European Union Financial Supervisory and Regulatory Architecture and Their Implications for Asia," ADBI Working Papers 615, Asian Development Bank Institute.
    78. Lo Duca, Marco & Hallissey, Niamh & Jurca, Pavol & Kouratzoglou, Charalampos & Lima, Diana & Pirovano, Mara & Prapiestis, Algirdas & Saldías, Martín & Tereanu, Eugen & Bartal, Mehdi & Giedraitė, Edita, 2023. "The more the merrier? Macroprudential instrument interactions and effective policy implementation," Occasional Paper Series 310, European Central Bank.
    79. Houben, Aerdt & Kakes, Jan & Petersen, Annelie, 2020. "The interaction of monetary and financial tasks in different central bank structures," MPRA Paper 102291, University Library of Munich, Germany.
    80. Paul Rudel, 2024. "Loan Supply Shocks, Prudential Regulation, and the Business Cycle," MAGKS Papers on Economics 202409, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    81. Davis, E. Philip & Karim, Dilruba & Noel, Dennison, 2022. "The effects of macroprudential policy on banks' profitability," International Review of Financial Analysis, Elsevier, vol. 80(C).
    82. Xu, Shiyu & Huang, Yiping, 2026. "The impact of firm size distribution on digital lending development: A pre-registered report," Pacific-Basin Finance Journal, Elsevier, vol. 99(C).
    83. Alper, Koray & Baskaya, Soner & Shi, Shuren, 2025. "How do macroprudential policies affect corporate investment? Insights from EIBIS data," EIB Working Papers 2025/02, European Investment Bank (EIB).
    84. Kumar, Sanjiv & Prabheesh, K.P. & Bashar, Omar, 2022. "Examining the effectiveness of macroprudential policy in India," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 91-113.

  8. Dirk Schoenmaker & Peter Wierts, 2015. "Macroprudential supervision- from theory to policy," Bruegel Working Papers 11133, Bruegel.

    Cited by:

    1. Dotta, Vitor, 2022. "Addressing systemic risk in Europe during Covid-19: The role of regulation and the policy mix," IPE Working Papers 181/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    2. Abad, Jorge & D'Errico, Marco & Killeen, Neill & Luz, Vera & Peltonen, Tuomas A. & Portes, Richard & Urbano, Teresa, 2017. "Mapping the interconnectedness between EU banks and shadow banking entities," ESRB Working Paper Series 40, European Systemic Risk Board.
    3. Pietro Calice, 2025. "Navigating the Competition-Stability Nexus in Financial Services : A Dynamic Extension of the Tinbergen Rule," Policy Research Working Paper Series 11124, The World Bank.
    4. Fabio Masini, 2020. "Padoa-Schioppa as money doctor: Multilayered macro-prudential supervision and European integration," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 9(2), pages 121-138.
    5. Silvia Merler, 2015. "Squaring the cycle- capital flows, financial cycles, and macro-prudential policy in the euro area," Bruegel Working Papers 11000, Bruegel.
    6. Diptes C. P. Bhimjee, 2022. "Adaptive Early Warning Systems: An Axiomatic Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 11(2), pages 145-164.

  9. Dirk Schoenmaker & Peter Wierts, 2015. "Regulating the Financial Cycle: An Integrated Approach with a Leverage Ratio," Tinbergen Institute Discussion Papers 15-057/IV/DSF93, Tinbergen Institute.

    Cited by:

    1. Pietro Grandi & Caroline Ninou Bozou, 2018. "Bank competition and firm credit availability: firm-bank evidence from Europe," Working Papers hal-01897744, HAL.
    2. Schoenmaker, Dirk & Wierts, Peter, 2015. "Regulating the financial cycle: An integrated approach with a leverage ratio," Economics Letters, Elsevier, vol. 136(C), pages 70-72.
    3. Janko Cizel & Jon Frost & Aerdt G. F. J. Houben & Peter Wierts, 2016. "Effective Macroprudential Policy: Cross-Sector Substitution from Price and Quantity Measures," IMF Working Papers 2016/094, International Monetary Fund.
    4. Shailesh Rastogi & Kuldeep Singh & Jagjeevan Kanoujiya, 2024. "Impact of Shareholders’ Activism on the Performance of Banks in India: A Panel Data Application," Business Perspectives and Research, , vol. 12(1), pages 83-99, January.
    5. Lorenzo Esposito & Giuseppe Mastromatteo, 2020. "Profitti, rischi e capital ratios: come sviluppare una vigilanza prudenziale neutrale al risk-appetite delle banche (Profits, risk, and capital ratios: how to design a prudential supervision neutral with respect to banks? risk appetite)," Moneta e Credito, Economia civile, vol. 73(290), pages 141-154.

  10. Patty Duijm & Peter Wierts, 2014. "The Effects of Liquidity Regulation on Bank Assets and Liabilities," Tinbergen Institute Discussion Papers 14-018/IV/DSF72, Tinbergen Institute.

    Cited by:

    1. Heuver, Richard A. & Berndsen, Ron J., 2022. "Liquidity coverage ratio in a payment network: Uncovering contagion paths," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    2. Li, Boyao & Xiong, Wanting & Chen, Liujun & Wang, Yougui, 2017. "The impact of the liquidity coverage ratio on money creation: A stock-flow based dynamic approach," Economic Modelling, Elsevier, vol. 67(C), pages 193-202.
    3. Neyer, Ulrike & Sterzel, André, 2018. "Preferential treatment of government bonds in liquidity regulation: Implications for bank behaviour and financial stability," DICE Discussion Papers 301, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    4. Wedow, Michael & Sahel, Benjamin & Scalia, Antonio & Schobert, Franziska & Bucalossi, Annalisa & Fonseca Coutinho, Cristina & Junius, Kerstin & Luskin, Alaoishe & Momtsia, Angeliki & Rahmouni-Rousseau, 2016. "Basel III and recourse to Eurosystem monetary policy operations," Occasional Paper Series 171, European Central Bank.
    5. Ramis Khabibullin & Alexey Ponomarenko & Sergei Seleznev, 2018. "Forecasting the implications of foreign exchange reserve accumulation with an agent-based model," Bank of Russia Working Paper Series wps37, Bank of Russia.
    6. Foly Ananou & Dimitris K Chronopoulos & Amine Tarazi & John O S Wilson, 2021. "Liquidity Regulation and Bank Lending," Working Papers hal-03259305, HAL.
    7. Martin Hodula & Zlatuše Komárková & Lukáš Pfeifer, 2021. "The relationship between capital and liquidity prudential instruments," Journal of Regulatory Economics, Springer, vol. 59(1), pages 47-70, February.
    8. Bank for International Settlements, 2015. "Regulatory change and monetary policy," CGFS Papers, Bank for International Settlements, number 54.
    9. Pierluigi Bologna, 2017. "Banks’ maturity transformation: risk, reward, and policy," Temi di discussione (Economic working papers) 1159, Bank of Italy, Economic Research and International Relations Area.
    10. Sha Sun & Ruihui Xu & Ting Yan & Qian Gong, 2025. "The Impacts of China’s Shadow Banking Regulation Intensity on Bank Risks," SAGE Open, , vol. 15(4), pages 21582440251, December.
    11. Katarzyna Kochaniak, 2017. "Regulacyjne granice stabilnosci depozytow gospodarstw domowych," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 15(66), pages 37-52.
    12. Yutaka Erwan & John Henry Wijaya, 2020. "Application of Basel III on health level in banking sub sector company," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(3), pages 70-79, April.
    13. Schmaltz, Christian & Heidorn, Thomas & Torchiani, Ingo, 2018. "Distance to compliance portfolios: An integrated shortfall measure for basel III," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 87-101.
    14. Lončarski, Igor & Marinč, Matej, 2020. "The political economy of relationship banking," Research in International Business and Finance, Elsevier, vol. 51(C).
    15. Ananou, Foly & Chronopoulos, Dimitris K. & Tarazi, Amine & Wilson, John O.S., 2026. "Does liquidity regulation reduce bank and systemic risk? Evidence from a quasi-natural experiment," Journal of Financial Stability, Elsevier, vol. 84(C).
    16. Olivier de Bandt & Sandrine Lecarpentier & Cyril Pouvelle, 2020. "Determinants of Banks Liquidity: a French Perspective on Interactions between Market and Regulatory Requirements," Working papers 782, Banque de France.
    17. Lilit Popoyan & Mauro Napoletano & Andrea Roventini, 2019. "Winter is possibly not coming: Mitigating financial instability in an agent-based model with interbank market," LEM Papers Series 2019/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    18. Foly Ananou & Dimitris Chronopoulos & Amine Tarazi & John O S Wilson, 2023. "Liquidity Regulation and Bank Risk," Working Papers hal-03366418, HAL.
    19. Grundke, Peter & Kühn, André, 2020. "The impact of the Basel III liquidity ratios on banks: Evidence from a simulation study," The Quarterly Review of Economics and Finance, Elsevier, vol. 75(C), pages 167-190.
    20. Tafirei Mashamba & Farai Kwenda, 2017. "A Look at the Liquidity Management Practices of Banks in South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 9(3), pages 113-120.
    21. Clerc, Laurent & Giovannini, Alberto & Langfield, Sam & Peltonen, Tuomas A. & Portes, Richard & Scheicher, Martin, 2016. "Indirect contagion: the policy problem," ESRB Occasional Paper Series 9, European Systemic Risk Board.
    22. Christopher Curfman & John Kandrac, 2019. "The costs and benefits of liquidity regulations: Lessons from an idle monetary policy tool," Finance and Economics Discussion Series 2019-041, Board of Governors of the Federal Reserve System (U.S.).
    23. Clemens Bonner & Sylvester C. W. Eijffinger, 2016. "The Impact of Liquidity Regulation on Bank Intermediation," Review of Finance, European Finance Association, vol. 20(5), pages 1945-1979.
    24. Adi Mordel, 2018. "Prudential Liquidity Regulation in Banking-A Literature Review," Discussion Papers 18-8, Bank of Canada.
    25. Rezende, Marcelo & Styczynski, Mary-Frances & Vojtech, Cindy M., 2021. "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Journal of Financial Intermediation, Elsevier, vol. 46(C).
    26. Sînziana Kroon & Clemens Bonner & Iman van Lelyveld & Jan Wrampelmeyer, 2021. "The ‘new normal’ during normal times – liquidity regulation and conventional monetary policy," Working Papers 703, DNB.
    27. Christopher J Curfman & John Kandrac, 2022. "The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool [Crisis resolution and bank liquidity]," Review of Finance, European Finance Association, vol. 26(2), pages 319-353.
    28. Reinhardt, Dennis & Reynolds, Stephen & Sowerbutts, Rhiannon & van Hombeeck, Carlos, 2023. "Quality is our asset: The international transmission of liquidity regulation," Journal of Banking & Finance, Elsevier, vol. 154(C).
    29. Anureet Virk Sidhu & Shailesh Rastogi & Rajani Gupte & Venkata Mrudula Bhimavarapu, 2022. "Impact of Liquidity Coverage Ratio on Performance of Select Indian Banks," JRFM, MDPI, vol. 15(5), pages 1-17, May.
    30. Banerjee, Ryan N. & Mio, Hitoshi, 2018. "The impact of liquidity regulation on banks," Journal of Financial Intermediation, Elsevier, vol. 35(PB), pages 30-44.
    31. Sitikantha Pattanaik & Rajesh Kavediya & Angshuman Hait, 2018. "Basel III liquidity coverage ratio and the operating target of monetary policy: the unintended discord," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(2), pages 160-173, April.
    32. Li, Boyao, 2021. "Bank equity, interest payments, and credit creation under Basel III regulations," MPRA Paper 111269, University Library of Munich, Germany.
    33. Aditya Anta Taruna & Cicilia Anggadewi Harun & Raquela Renanda Nattan, 2020. "Macroprudential Liquidity Stress Test: An Application to Indonesian Banks," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 165-187.
    34. Chawwa, Tevy, 2021. "Impact of reserve requirement and Liquidity Coverage Ratio: A DSGE model for Indonesia," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 321-341.
    35. Bonner, Clemens & Wedow, Michael & Budnik, Katarzyna & Koban, Anne & Kok, Christoffer & Laliotis, Dimitrios & Meller, Barbara & Melo, Ana Sofia & Moldovan, Iulia & Schmitz, Stefan & Couaillier, Cyril , 2018. "Systemic liquidity concept, measurement and macroprudential instruments," Occasional Paper Series 214, European Central Bank.

  11. Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Bluhm, Benjamin, 2011. "From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU," CEPR Discussion Papers 8413, Centre for Economic Policy Research.

    Cited by:

    1. Roel Beetsma & Raymond Gradus, 2012. "A Discussion of the Changes to Europe's Macro-fiscal Framework in Response to the Crisis," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(01), pages 17-23, April.
    2. Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
    3. Francisco Castro & Javier J. P√Ârez & Marta Rodr√Çguez-Vives, 2013. "Fiscal Data Revisions in Europe," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1187-1209, September.
    4. Jeffrey A. Frankel & Jesse Schreger, 2012. "Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules," NBER Working Papers 18283, National Bureau of Economic Research, Inc.
    5. Metodij Hadzi-Vaskov & Mr. Luca A Ricci & Alejandro M. Werner & Rene Zamarripa, 2021. "Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?," IMF Working Papers 2021/154, International Monetary Fund.
    6. European Fiscal Board (EFB), 2020. "2020 annual report of the European Fiscal Board," Annual reports 2020, European Fiscal Board.
    7. Dean Croushore & Simon van Norden, 2014. "Fiscal policy: ex ante and ex post," Working Papers 14-22, Federal Reserve Bank of Philadelphia.
    8. Jeffrey Frankel & Jesse Schreger, 2013. "Over-optimistic official forecasts and fiscal rules in the eurozone," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 149(2), pages 247-272, June.
    9. de Mendonça, Helder Ferreira & de Deus, Joseph David Barroso Vasconcelos, 2019. "Central bank forecasts and private expectations: An empirical assessment from three emerging economies," Economic Modelling, Elsevier, vol. 83(C), pages 234-244.
    10. Jeffrey A. Frankel, 2011. "Over-optimism in Forecasts by Official Budget Agencies and Its Implications," NBER Working Papers 17239, National Bureau of Economic Research, Inc.
    11. Vasconcelos de Deus, Joseph David Barroso & de Mendonça, Helder Ferreira, 2017. "Fiscal forecasting performance in an emerging economy: An empirical assessment of Brazil," Economic Systems, Elsevier, vol. 41(3), pages 408-419.
    12. Pessoa, Argentino, 2011. "The Euro Area sovereign debt crisis: Some implications of its systemic dimension," MPRA Paper 35328, University Library of Munich, Germany.
    13. Slawomir Franek & Marta Postula, 2020. "Does Eurozone Membership Strengthen the Significance of Fiscal Instruments?," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 131-151, May.

  12. Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Walschot, Mark, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," CEPR Discussion Papers 7969, Centre for Economic Policy Research.

    Cited by:

    1. Florian Chatagny, 2015. "Incentive Effects of Fiscal Rules on the Finance Minister's Behaviour: Evidence from Revenue Projections in Swiss Cantons," CESifo Working Paper Series 5223, CESifo.
    2. Roel Beetsma & Raymond Gradus, 2012. "A Discussion of the Changes to Europe's Macro-fiscal Framework in Response to the Crisis," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(01), pages 17-23, April.
    3. Panagiotis Liargovas & Vasilis Pilichos, 2022. "Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019," Economies, MDPI, vol. 10(8), pages 1-17, July.
    4. Mr. Marcos Poplawski Ribeiro & Jan-Christoph Rülke, 2011. "Fiscal Expectations Under the Stability and Growth Pact: Evidence from Survey Data," IMF Working Papers 2011/048, International Monetary Fund.
    5. Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
    6. Ademmer, Martin & Boysen-Hogrefe, Jens, 2019. "The impact of forecast errors on fiscal planning and debt accumulation," Kiel Working Papers 2123, Kiel Institute for the World Economy.
    7. Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: the Structural Budget Institutions Pioneered by Chile," Working Papers Central Bank of Chile 604, Central Bank of Chile.
    8. Mancini, Anna Laura & Tommasino, Pietro, 2023. "Fiscal rules and the reliability of public investment plans: Evidence from local governments," European Journal of Political Economy, Elsevier, vol. 79(C).
    9. Frankel, Jeffrey, 2011. "A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," Working Paper Series 11-012, Harvard University, John F. Kennedy School of Government.
    10. Jeffrey A. Frankel, 2011. "Over-optimism in Forecasts by Official Budget Agencies and Its Implications," NBER Working Papers 17239, National Bureau of Economic Research, Inc.
    11. Paloviita, Maritta & Ikonen, Pasi, 2016. "How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data," Bank of Finland Research Discussion Papers 17/2016, Bank of Finland.
    12. Paloviita, Maritta, 2012. "Fiscal planning and implementation: euro area analysis based on real time data," Bank of Finland Research Discussion Papers 34/2012, Bank of Finland.
    13. Julia Estefania‐Flores & Davide Furceri & Siddharth Kothari & Jonathan D. Ostry, 2023. "Worse than you think: Public debt forecast errors in advanced and developing economies," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(3), pages 685-714, April.
    14. Jante Parlevliet & Massimo Giuliodori & Matthijs Rooduijn, 2021. "Populist attitudes, fiscal illusion and fiscal preferences: evidence from Dutch households," Working Papers 731, DNB.
    15. Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2011. "From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU," Tinbergen Institute Discussion Papers 11-080/2, Tinbergen Institute.
    16. Lorenti, A.Nicol S & Mora-Ruano, Rub N & Fern Ndez Romero, Daniel & Angoitia Grijalba, Miguel, 2025. "Fiscal Forecast Errors in the Eurozone: The Influence of Independent Fiscal Institutions (IFIs) and Monetary Policy," Hacienda Pública Española / Review of Public Economics, IEF, vol. 254(3), pages 119-156, September.
    17. Maritta Paloviita, 2017. "Real time uncertainty in fiscal planning and debt accumulation in the euro area," International Economics and Economic Policy, Springer, vol. 14(1), pages 43-59, January.
    18. Heshmati, Almas & Kim, Jungsuk, 2014. "A Survey of the Role of Fiscal Policy in Addressing Income Inequality, Poverty Reduction and Inclusive Growth," IZA Discussion Papers 8119, IZA Network @ LISER.
    19. Jeffrey A. Frankel & Jesse Schreger, 2016. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?," NBER Working Papers 22349, National Bureau of Economic Research, Inc.

  13. Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter, 2009. "Budgeting versus implementing fiscal policy in the EU," CEPR Discussion Papers 7285, Centre for Economic Policy Research.

    Cited by:

    1. Lane, Philip R., 2009. "A New Fiscal Strategy for Ireland," The Economic and Social Review, Economic and Social Studies, vol. 40(2), pages 233-253.
    2. Julia del Amo Valor & Marcos Martín Mateos & Diego Martínez López & Javier J. Pérez, 2023. "Is the European economic governance framework too “complex”? A critical discussion," Working Papers 2023-06, FEDEA.
    3. Lane, Philip, 2011. "The Irish Crisis," CEPR Discussion Papers 8287, Centre for Economic Policy Research.
    4. Nicolas End, 2020. "Rousseau's social contract or Machiavelli's virtue? A measure of fiscal credibility," AMSE Working Papers 2042, Aix-Marseille School of Economics, France.
    5. Stracca, Livio & Ioannou, Demosthenes, 2011. "Have euro area and EU economic governance worked? Just the facts," Working Paper Series 1344, European Central Bank.
    6. Hauptmeier, Sebastian & Rother, Philipp & Holm-Hadulla, Fédéric, 2010. "The impact of numerical expenditure rules on budgetary discipline over the cycle," Working Paper Series 1169, European Central Bank.
    7. Lane, Philip & ,, 2010. "International Differences in Fiscal Policy During the Global Crisis," CEPR Discussion Papers 8009, Centre for Economic Policy Research.
    8. Christie Smith, 2011. "Conference summary: New Zealand's macroeconomic imbalances -- causes and remedies," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 74, pages 5-10, September.
    9. Cepparulo, Alessandra & Gastaldi, Francesca & Giuriato, Luisa & Sacchi, Agnese, 2011. "Budgeting versus implementing fiscal policy:the Italian case," MPRA Paper 32474, University Library of Munich, Germany.
    10. Julia Estefania‐Flores & Davide Furceri & Siddharth Kothari & Jonathan D. Ostry, 2023. "Worse than you think: Public debt forecast errors in advanced and developing economies," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(3), pages 685-714, April.
    11. Philip Lane, 2010. "Some Lessons for Fiscal Policy from the Financial Crisis," The Institute for International Integration Studies Discussion Paper Series iiisdp334, IIIS.
    12. Sanjeev Gupta & João T Jalles & Carlos Mulas-Granados & Michela Schena, 2018. "Planned fiscal adjustments: Do governments fulfil their commitments?," European Union Politics, , vol. 19(3), pages 383-407, September.
    13. Zsóka Kóczán, 2016. "Fiscal policy, business cycles and discretion: evidence from the Western Balkans," Post-Communist Economies, Taylor & Francis Journals, vol. 28(4), pages 468-486, October.
    14. Ioannou, Demosthenes & Stracca, Livio, 2014. "Have the euro area and EU governance worked? Just the facts," European Journal of Political Economy, Elsevier, vol. 34(C), pages 1-17.
    15. Philip R. Lane, 2013. "External imbalances and macroeconomic policy," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(1), pages 53-70, April.
    16. Marcela De Castro-Valderrama, 2021. "Present-biased Government, Creative Accounting and a Pitfall in Balanced Budget Rules," Borradores de Economia 1183, Banco de la Republica de Colombia.

Articles

  1. Wilko Bolt & Jon Frost & Hyun Song Shin & Peter Wierts, 2024. "The Bank of Amsterdam and the Limits of Fiat Money," Journal of Political Economy, University of Chicago Press, vol. 132(12), pages 3919-3941.
    See citations under working paper version above.
  2. Bolt, Wilko & Lubbersen, Vera & Wierts, Peter, 2022. "Getting the balance right: Crypto, stablecoin and central bank digital currency," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 16(1), pages 39-50, March.

    Cited by:

    1. Thabet, Thabet Bakheet & Mertzanis, Charilaos, 2026. "Retail cryptocurrency adoption and the progress of Central Bank Digital Currencies," Research in International Business and Finance, Elsevier, vol. 87(C).
    2. Ozili, Peterson K, 2023. "Central bank digital currency in India: the case for a digital rupee," MPRA Paper 118801, University Library of Munich, Germany.
    3. Huseyin Oguz Genc & Soichiro Takagi, 2024. "A literature review on the design and implementation of central bank digital currencies," International Journal of Economic Policy Studies, Springer, vol. 18(1), pages 197-225, February.

  3. Janko Cizel & Jon Frost & Aerdt Houben & Peter Wierts, 2019. "Effective Macroprudential Policy: Cross‐Sector Substitution from Price and Quantity Measures," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1209-1235, August.
    See citations under working paper version above.
  4. Schoenmaker, Dirk & Wierts, Peter, 2016. "Macroprudential Supervision: From Theory to Policy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 235, pages 50-62, February.
    See citations under working paper version above.
  5. Patty Duijm & Peter Wierts, 2016. "The Effects of Liquidity Regulation on Bank Assets and Liabilities," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 385-411, June.
    See citations under working paper version above.
  6. Schoenmaker, Dirk & Wierts, Peter, 2015. "Regulating the financial cycle: An integrated approach with a leverage ratio," Economics Letters, Elsevier, vol. 136(C), pages 70-72.
    See citations under working paper version above.
  7. Peter Wierts & Henk Van Kerkhoff & Jakob De Haan, 2014. "Composition of Exports and Export Performance of Eurozone Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 928-941, July.

    Cited by:

    1. Ordóñez, Javier & Sala, Hector & Silva, José I., 2014. "Real Unit Labour Costs in Eurozone Countries: Drivers and Clusters," IZA Discussion Papers 8258, IZA Network @ LISER.
    2. Ramon Xifré, 2021. "Non‐Price Competitiveness Factors—A simple measure and implications for the five largest euro area countries," The World Economy, Wiley Blackwell, vol. 44(11), pages 3091-3110, November.
    3. Fischer, Christoph & Hossfeld, Oliver & Radeck, Karin, 2016. "On the suitability of alternative competitiveness indicators for explaining real exports of advanced economies," Discussion Papers 36/2016, Deutsche Bundesbank.
    4. Gloria Allione & Alberto Felettigh, 2021. "External demand and export performance: regression residuals during the Covid-19 pandemic," Questioni di Economia e Finanza (Occasional Papers) 643, Bank of Italy, Economic Research and International Relations Area.
    5. Mirdala, Rajmund & Semančíková, Jozefína & Ruščáková, Anna, 2019. "Determinants of Export and Import Functions in the EU Member Countries," MPRA Paper 99535, University Library of Munich, Germany.
    6. Edgar Demetrio Tovar-Garcia & Carlos A. Carrasco, 2019. "The Balance of Payments and Russian Economic Growth," HSE Economic Journal, National Research University Higher School of Economics, vol. 23(4), pages 524-541.
    7. Silvia Fabiani & Alberto Felettigh & Claire Giordano & Roberto Torrini, 2019. "Making room for new competitors. A comparative perspective on Italy’s exports in the euro-area market," Questioni di Economia e Finanza (Occasional Papers) 530, Bank of Italy, Economic Research and International Relations Area.
    8. Rial, Adrián & Herrero, Daniel & Paternesi Meloni, Walter, 2025. "Navigating competitiveness in Mediterranean countries: drivers of manufacturing exports by technological intensity," International Economics, Elsevier, vol. 183(C).
    9. Carlos A. CARRASCO & Edgar D. TOVAR-GARCIA, 2020. "Export Composition and the Eurozone Trade Balance in Manufacturing Goods," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 134-150, March.
    10. Carlos A. Carrasco & Edgar Demetrio Tovar-García, 2021. "Trade and growth in developing countries: the role of export composition, import composition and export diversification," Economic Change and Restructuring, Springer, vol. 54(4), pages 919-941, November.
    11. Leuwer, David & Süßmuth, Bernd, 2017. "The exchange rate susceptibility of European core industries, 1995-2010," Working Papers 147, University of Leipzig, Faculty of Economics and Management Science.

  8. Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2013. "Fifty years of fiscal planning and implementation in the Netherlands," European Journal of Political Economy, Elsevier, vol. 31(C), pages 119-138.
    See citations under working paper version above.
  9. Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2013. "From Budgetary Forecasts To Ex Post Fiscal Data: Exploring The Evolution Of Fiscal Forecast Errors In The European Union," Contemporary Economic Policy, Western Economic Association International, vol. 31(4), pages 795-813, October.

    Cited by:

    1. João Tovar Jalles, 2020. "European commission’s fiscal forecasts in CEE countries: a thorough assessment," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(2), pages 161-183, July.
    2. José Alves & Clarisse Wagner, 2024. "Leveraging interest-growth differentials: Hidden effects of government financial assets in the European Union," Working Papers REM 2024/0307, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    3. Pierre Aldama & Jérôme Creel, 2020. "Asymmetric macroeconomic stabilization and fiscal consolidation in the OECD and the Euro Area," Documents de Travail de l'OFCE 2020-09, Observatoire Francais des Conjonctures Economiques (OFCE).
    4. Niels D. Gilbert & Jasper F.M. Jong, 2017. "Do European fiscal rules induce a bias in fiscal forecasts? Evidence from the Stability and Growth Pact," Public Choice, Springer, vol. 170(1), pages 1-32, January.
    5. Cronin, David & McGowan, Kieran, 2023. "Government debt forecast errors and the net expenditure rule in EU countries," Papers WP756, Economic and Social Research Institute (ESRI).
    6. João Tovar Jalles, 2021. "Promised Fiscal Expansions and Politics: A European Union Assessment," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(1), pages 84-116, March.
    7. Jakub Rybacki, 2019. "Fiscal Deficit Forecasts by International Institutions: Evidence for a Double Standard?," KAE Working Papers 2019-044, Warsaw School of Economics, Collegium of Economic Analysis.
    8. Beate Jochimsen & Robert Lehmann, 2017. "On the political economy of national tax revenue forecasts: evidence from OECD countries," Public Choice, Springer, vol. 170(3), pages 211-230, March.
    9. Frankel, Jeffrey A. & Schreger, Jesse, 2016. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?," Working Paper Series 16-021, Harvard University, John F. Kennedy School of Government.
    10. Aldama, Pierre & Creel, Jérôme, 2022. "Real-time fiscal policy responses in the OECD from 1997 to 2018: Procyclical but sustainable?," European Journal of Political Economy, Elsevier, vol. 73(C).
    11. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2017. "Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence," CEPR Discussion Papers 12133, Centre for Economic Policy Research.
    12. Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2013. "Fifty years of fiscal planning and implementation in the Netherlands," European Journal of Political Economy, Elsevier, vol. 31(C), pages 119-138.
    13. Marcell Göttert & Robert Lehmann, 2021. "Tax Revenue Forecast Errors: Wrong Predictions of the Tax Base or the Elasticity?," CESifo Working Paper Series 9148, CESifo.
    14. Cronin, David & McQuinn, Kieran, 2023. "Government debt forecast errors and the net expenditure rule in EU countries: Undue optimism at a cost," Journal of Policy Modeling, Elsevier, vol. 45(6), pages 1113-1131.
    15. David Cronin & Niall McInerney, 2024. "Institutional Quality and Official Budgetary Forecast Performance in EU Member States," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 80(2), pages 165-192.
    16. Julia Estefania‐Flores & Davide Furceri & Siddharth Kothari & Jonathan D. Ostry, 2023. "Worse than you think: Public debt forecast errors in advanced and developing economies," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(3), pages 685-714, April.
    17. Sanjeev Gupta & João T Jalles & Carlos Mulas-Granados & Michela Schena, 2018. "Planned fiscal adjustments: Do governments fulfil their commitments?," European Union Politics, , vol. 19(3), pages 383-407, September.
    18. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo, 2018. "Revenue- versus spending-based consolidation plans: the role of follow-up," Working Paper Series 2178, European Central Bank.
    19. Xisco Oliver Rull n & Joan Rossell Villalonga, 2018. "The Determinants of Regional Budget Forecast Errors in Federal Economies: Spain 1995-2013," Hacienda Pública Española / Review of Public Economics, IEF, vol. 226(3), pages 85-121, September.
    20. Cronin, David & McInerney, Niall, 2023. "Official fiscal forecasts in EU member states under the European Semester and Fiscal Compact – An empirical assessment," European Journal of Political Economy, Elsevier, vol. 76(C).
    21. Jante Parlevliet & Massimo Giuliodori & Matthijs Rooduijn, 2021. "Populist attitudes, fiscal illusion and fiscal preferences: evidence from Dutch households," Working Papers 731, DNB.
    22. Lorenti, A.Nicol S & Mora-Ruano, Rub N & Fern Ndez Romero, Daniel & Angoitia Grijalba, Miguel, 2025. "Fiscal Forecast Errors in the Eurozone: The Influence of Independent Fiscal Institutions (IFIs) and Monetary Policy," Hacienda Pública Española / Review of Public Economics, IEF, vol. 254(3), pages 119-156, September.
    23. Carabotta, Laura & Paluzie, Elisenda & Ramos, Raul, 2017. "Does fiscal responsibility matter? Evidence from public and private forecasters in Italy," International Journal of Forecasting, Elsevier, vol. 33(3), pages 694-706.
    24. Merola, Rossana & Pérez, Javier J., 2013. "Fiscal forecast errors: Governments versus independent agencies?," European Journal of Political Economy, Elsevier, vol. 32(C), pages 285-299.
    25. Ley, Eduardo & Misch, Florian, 2013. "Real-time macro monitoring and fiscal policy," Policy Research Working Paper Series 6303, The World Bank.
    26. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2021. "Revenue- versus spending-based fiscal consolidation announcements: Multipliers and follow-up," Journal of International Economics, Elsevier, vol. 131(C).
    27. Luisa Giuriato & Alessandra Cepparulo & Matteo Barberi, 2016. "Fiscal forecasts and political systems: a legislative budgeting perspective," Public Choice, Springer, vol. 168(1), pages 1-22, July.
    28. Nada Azmy ElBerry & Stijn Goeminne, 2021. "Fiscal transparency, fiscal forecasting and budget credibility in developing countries," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 40(1), pages 144-161, January.

  10. Lex Hoogduin & Bahar Öztürk & Peter Wierts, 2011. "Public Debt Managers' Behaviour Interactions with Macro Policies," Revue économique, Presses de Sciences-Po, vol. 62(6), pages 1105-1122.

    Cited by:

    1. Hans J Blommestein & Philip Turner, 2012. "Interactions between sovereign debt management and monetary policy under fiscal dominance and financial instability," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 213-237, Bank for International Settlements.
    2. Hans J. Blommestein & Anja Hubig, 2012. "A Critical Analysis of the Technical Assumptions of the Standard Micro Portfolio Approach to Sovereign Debt Management," OECD Working Papers on Sovereign Borrowing and Public Debt Management 4, OECD Publishing.
    3. Jagjit S Chadha & Philip Turner & Fabrizio Zampolli, 2013. "The interest rate effects of government debt maturity," BIS Working Papers 415, Bank for International Settlements.
    4. R Gandhi, 2012. "Sovereign debt management in India: interaction with monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal policy, public debt and monetary policy in emerging market economies, volume 67, pages 193-198, Bank for International Settlements.
    5. Andrew Filardo & Madhusudan Mohanty & Ramon Moreno, 2012. "Central bank and government debt management: issues for monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal policy, public debt and monetary policy in emerging market economies, volume 67, pages 51-71, Bank for International Settlements.
    6. Rosaria Rita Canale & Rita Siano, 2024. "Is government debt a burden on workers' income share? An investigation on Italian dynamics," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 543-563, July.
    7. Javier J. Pérez & Rocío Prieto, 2014. "The structure of sub-natural public debt: Liquidity vs credit risk," Working Papers 1403, Banco de España.
    8. Tal Sadeh & Yehuda Porath, 2020. "Autonomous agencies and relational contracts in government bond issues," Regulation & Governance, John Wiley & Sons, vol. 14(4), pages 741-763, October.
    9. van Riet, Ad, 2018. "Modern financial repression in the euro area crisis: making high public debt sustainable?," MPRA Paper 92649, University Library of Munich, Germany.
    10. Chadha, J. S. & Turner, P. & Zampolli, F., 2025. "The Interest Rate Effects of Government Debt Maturity: Solving the Bond Conundrum," Cambridge Working Papers in Economics 2519, Faculty of Economics, University of Cambridge.
    11. van Riet, Ad, 2018. "Financial repression and high public debt in Europe," Other publications TiSEM 3391dd73-357a-4071-825c-7, Tilburg University, School of Economics and Management.
    12. Hans J Blommestein & Anja Hubig, 2012. "Is the standard micro portfolio approach to sovereign debt management still appropriate?," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 141-155, Bank for International Settlements.
    13. Mauro Bucci & Ilaria De Angelis & Emilio Vadalà, 2020. "Don’t look back in anger: The use of derivatives in public debt management in Italy," Questioni di Economia e Finanza (Occasional Papers) 550, Bank of Italy, Economic Research and International Relations Area.
    14. Johannes Holler, 2013. "Funding Strategies of Sovereign Debt Management: A Risk Focus," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 51-74.
    15. Magdalena Ziolo & Beata Zofia Filipiak & Iwona Bąk & Katarzyna Cheba, 2019. "How to Design More Sustainable Financial Systems: The Roles of Environmental, Social, and Governance Factors in the Decision-Making Process," Sustainability, MDPI, vol. 11(20), pages 1-34, October.

  11. Roel Beetsma & Massimo Giuliodori & Peter Wierts, 2009. "Planning to cheat: EU fiscal policy in real time [‘What do we really know about fiscal sustainability in the EU?’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 24(60), pages 753-804.

    Cited by:

    1. Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "Tax policy cyclicality and financial development," Economics and Business Letters, Oviedo University Press, vol. 13(1), pages 48-57.
    2. Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
    3. Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Walschot, Mark, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," CEPR Discussion Papers 7969, Centre for Economic Policy Research.
    4. Reischmann, Markus, 2016. "Creative accounting and electoral motives: Evidence from OECD countries," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 243-257.
    5. Miss Anke Weber, 2012. "Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison," IMF Working Papers 2012/039, International Monetary Fund.
    6. Cronin, David & McQuinn, Kieran, 2021. "Are official forecasts of output growth in the EU still biased?," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 337-349.
    7. Goto, Tsuyoshi & Yamamoto, Genki, 2023. "Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 68(C).
    8. Panagiotis Liargovas & Vasilis Pilichos, 2022. "Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019," Economies, MDPI, vol. 10(8), pages 1-17, July.
    9. Casalin, Fabrizio & Cerniglia, Floriana & Dia, Enzo, 2023. "Stock-flow adjustments, public debt management and interest costs," Economic Modelling, Elsevier, vol. 129(C).
    10. End, Nicolas, 2023. "Big Brother is also being watched: Measuring fiscal credibility," Journal of Macroeconomics, Elsevier, vol. 77(C).
    11. Thomas Brändle & Marc Elsener, 2024. "Do fiscal rules matter? A survey of recent evidence," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-38, December.
    12. Lledó, Victor & Poplawski-Ribeiro, Marcos, 2013. "Fiscal Policy Implementation in Sub-Saharan Africa," World Development, Elsevier, vol. 46(C), pages 79-91.
    13. Masten, Igor & Grdović Gnip, Ana, 2016. "Stress testing the EU fiscal framework," Journal of Financial Stability, Elsevier, vol. 26(C), pages 276-293.
    14. Bessho, Shun-ichiro & Hirota, Haruaki, 2023. "Do public account financial statements matter? Evidence from Japanese municipalities," European Journal of Political Economy, Elsevier, vol. 78(C).
    15. Niels D. Gilbert & Jasper F.M. Jong, 2017. "Do European fiscal rules induce a bias in fiscal forecasts? Evidence from the Stability and Growth Pact," Public Choice, Springer, vol. 170(1), pages 1-32, January.
    16. Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
    17. Pina, Álvaro M. & Venes, Nuno M., 2011. "The political economy of EDP fiscal forecasts: An empirical assessment," European Journal of Political Economy, Elsevier, vol. 27(3), pages 534-546, September.
    18. R. Golinelli & I. Mammi & A. Musolesi, 2018. "Parameter heterogeneity, persistence and cross-sectional dependence: new insights on fiscal policy reaction functions for the Euro area," Working Papers wp1120, Dipartimento Scienze Economiche, Universita' di Bologna.
    19. Hirota, Haruaki & Yunoue, Hideo, 2022. "Fiscal rules and creative accounting: Evidence from Japanese municipalities," Journal of the Japanese and International Economies, Elsevier, vol. 63(C).
    20. David Cronin & Kieran McQuinn, 2021. "The (pro-) cyclicality of government consumption in the EU and official expectations of future output growth: new evidence," International Economics and Economic Policy, Springer, vol. 18(2), pages 331-345, May.
    21. Bernardino Benito & María-Dolores Guillamón & Francisco Bastida, 2015. "Budget Forecast Deviations in Municipal Governments: Determinants and Implications," Australian Accounting Review, CPA Australia, vol. 25(1), pages 45-70, March.
    22. Martin Larch & Eloise Orseau & Wouter Van Der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," JRC Working Papers on Taxation & Structural Reforms 2020-01, Joint Research Centre.
    23. Jeffrey A. Frankel & Jesse Schreger, 2012. "Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules," NBER Working Papers 18283, National Bureau of Economic Research, Inc.
    24. Metodij Hadzi-Vaskov & Mr. Luca A Ricci & Alejandro M. Werner & Rene Zamarripa, 2021. "Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?," IMF Working Papers 2021/154, International Monetary Fund.
    25. Julia del Amo Valor & Marcos Martín Mateos & Diego Martínez López & Javier J. Pérez, 2023. "Is the European economic governance framework too “complex”? A critical discussion," Working Papers 2023-06, FEDEA.
    26. Gootjes, Bram, 2025. "Kicking the can down the road? A real-time data analysis of delayed fiscal consolidation," European Journal of Political Economy, Elsevier, vol. 89(C).
    27. Slawomir Franek, 2015. "Are Independent Fiscal Institutions Really Independent?," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 3(3), pages 35-44.
    28. Esther Ademmer & Ferdinand Dreher, 2016. "Constraining Political Budget Cycles: Media Strength and Fiscal Institutions in the Enlarged EU," Journal of Common Market Studies, Wiley Blackwell, vol. 54(3), pages 508-524, May.
    29. Maren Brede & Christian Henn, 2018. "Finland’s Public Sector Balance Sheet: A Novel Approach to Analysis of Public Finance," IMF Working Papers 2018/078, International Monetary Fund.
    30. Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024. "The medium-term effects of fiscal policy rules," Journal of International Money and Finance, Elsevier, vol. 142(C).
    31. João Tovar Jalles, 2021. "Promised Fiscal Expansions and Politics: A European Union Assessment," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(1), pages 84-116, March.
    32. Ciminelli, Gabriele & Ernst, Ekkehard & Merola, Rossana & Giuliodori, Massimo, 2019. "The composition effects of tax-based consolidation on income inequality," European Journal of Political Economy, Elsevier, vol. 57(C), pages 107-124.
    33. Slawomir Franek, 2016. "Measurement of Fiscal Council Independence in the Countries of the European Union (Pomiar niezaleznosci rad fiskalnych w krajach Unii Europejskiej)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(63), pages 159-168.
    34. Ademmer, Martin & Boysen-Hogrefe, Jens, 2019. "The impact of forecast errors on fiscal planning and debt accumulation," Kiel Working Papers 2123, Kiel Institute for the World Economy.
    35. Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: the Structural Budget Institutions Pioneered by Chile," Working Papers Central Bank of Chile 604, Central Bank of Chile.
    36. Pierre Aldama & Jérôme Creel, 2020. "Asymmetric Macroeconomic Stabilization And Fiscal Consolidation In The Oecd And The Euro Area," Sciences Po Economics Publications (main) hal-03403071, HAL.
    37. Hirota, Haruaki & Yunoue, Hideo, 2017. "The effects of the new fiscal rule and creative accounting: Empirical evidence from Japanese municipalities," MPRA Paper 98861, University Library of Munich, Germany, revised 28 Feb 2020.
    38. Giuliodori, Massimo & Beetsma, Roel & Cimadomo, Jacopo & Furtuna, Oana, 2015. "The confidence effects of fiscal consolidations," Working Paper Series 1770, European Central Bank.
    39. Ricco, Giovanni, 2015. "A new identification of fiscal shocks based on the information flow," Working Paper Series 1813, European Central Bank.
    40. Beate Jochimsen & Robert Lehmann, 2017. "On the political economy of national tax revenue forecasts: evidence from OECD countries," Public Choice, Springer, vol. 170(3), pages 211-230, March.
    41. Helder Ferreira de Mendonça & Vítor Ribeiro Laufer Calafate, 2021. "Lack of fiscal transparency and economic growth expectations: an empirical assessment from a large emerging economy," Empirical Economics, Springer, vol. 61(6), pages 2985-3027, December.
    42. Diagne, Youssoupha Sakrya, 2014. "La crédibilité budgétaire au Sénégal [Fiscal credibility in Senegal]," MPRA Paper 114166, University Library of Munich, Germany.
    43. Jeffrey Frankel & Jesse Schreger, 2013. "Over-optimistic official forecasts and fiscal rules in the eurozone," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 149(2), pages 247-272, June.
    44. Aldama, Pierre & Creel, Jérôme, 2022. "Real-time fiscal policy responses in the OECD from 1997 to 2018: Procyclical but sustainable?," European Journal of Political Economy, Elsevier, vol. 73(C).
    45. Frankel, Jeffrey A., 2011. "A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries," Scholarly Articles 4726595, Harvard Kennedy School of Government.
    46. Frankel, Jeffrey, 2011. "A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," Working Paper Series 11-012, Harvard University, John F. Kennedy School of Government.
    47. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2017. "Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence," CEPR Discussion Papers 12133, Centre for Economic Policy Research.
    48. Julián Andrada-Félix & Marta Gómez-Puig & Simón Sosvilla-Rivero, 2025. "Britaly? Identifying euro area historical analogues to the UK’s 2022 bond market shock," IREA Working Papers 202525, University of Barcelona, Research Institute of Applied Economics.
    49. Kevin Lee & James Morley & Kian Ong & Kalvinder Shields, 2018. "Measuring the fiscal multiplier when plans take time to implement," Discussion Papers 2018/10, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    50. Roel Beetsma & Massimo Giuliodori, 2010. "Discretionary Fiscal Policy: Review and Estimates for the EU," CESifo Working Paper Series 2948, CESifo.
    51. Anna Laura Mancini & Pietro Tommasino, 2022. "Fiscal rules and the reliability of public investment plans: evidence from local governments," Temi di discussione (Economic working papers) 1360, Bank of Italy, Economic Research and International Relations Area.
    52. Helge Berger & Giovanni Dell’Ariccia & Maurice Obstfeld, 2019. "Revisiting the Economic Case for Fiscal Union in the Euro Area," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 657-683, September.
    53. Thiess Buettner & Bjoern Kauder, 2015. "Political biases despite external expert participation? An empirical analysis of tax revenue forecasts in Germany," Public Choice, Springer, vol. 164(3), pages 287-307, September.
    54. Baldi, Guido, 2016. "Fiscal Policy Rules, Budget Deficits, and Forecasting Biases," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 19(2), pages 185-194.
    55. Panagiotis Liargovas & Vasilis Pilichos & Anastasia Angelopoulou, 2021. "Fiscal governance and forecasting Bias: a case study of Greece during the economic crisis," Bulletin of Applied Economics, Risk Market Journals, vol. 8(2), pages 75-95.
    56. Jeffrey A. Frankel, 2011. "Over-optimism in Forecasts by Official Budget Agencies and Its Implications," NBER Working Papers 17239, National Bureau of Economic Research, Inc.
    57. Oguzhan Yelkesen & Pelin Varol Iyidogan, 2025. "Do the level of government debt and economic development matter in the impact of fiscal rules on fiscal performance? Evidence from the dynamic panel threshold model," Empirical Economics, Springer, vol. 69(4), pages 1751-1778, October.
    58. Linda Gonçalves Veiga & Francisco José Veiga, 2014. "Determinants of Portuguese local governments’ indebtedness," NIPE Working Papers 16/2014, NIPE - Universidade do Minho.
    59. Fédéric Holm-Hadulla & Sebastian Hauptmeier & Philipp Rother, 2011. "The impact of expenditure rules on budgetary discipline over the cycle," Post-Print hal-00711446, HAL.
    60. Marcell Göttert & Robert Lehmann, 2021. "Tax Revenue Forecast Errors: Wrong Predictions of the Tax Base or the Elasticity?," CESifo Working Paper Series 9148, CESifo.
    61. Lu, Zhenkun & Urushidani, Genki & Kameda, Keigo, 2026. "Market response to foreign exchange intervention information release: Evidence from Japan's return to active intervention," International Review of Economics & Finance, Elsevier, vol. 108(C).
    62. Rülke, Jan-Christoph & Pierdzioch, Christian, 2014. "Government Forecasts of Budget Balances Under Asymmetric Loss: International Evidence," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100317, Verein für Socialpolitik / German Economic Association.
    63. Paloviita, Maritta, 2012. "Fiscal planning and implementation: euro area analysis based on real time data," Bank of Finland Research Discussion Papers 34/2012, Bank of Finland.
    64. Fabrizio Casalin & Floriana Cerniglia & Enzo Dia, 2021. "Stock-flow adjustments and interest costs in public debt dynamics," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn2102, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
    65. Florian Dorn & Stefanie Gaebler & Felix Roesel, 2021. "Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability," Public Choice, Springer, vol. 186(3), pages 387-412, March.
    66. Cronin, David & McQuinn, Kieran, 2023. "Government debt forecast errors and the net expenditure rule in EU countries: Undue optimism at a cost," Journal of Policy Modeling, Elsevier, vol. 45(6), pages 1113-1131.
    67. David Cronin & Niall McInerney, 2024. "Institutional Quality and Official Budgetary Forecast Performance in EU Member States," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 80(2), pages 165-192.
    68. Björn Kauder & Niklas Potrafke & Christoph Schinke, 2017. "Manipulating Fiscal Forecasts: Evidence from the German States," CESifo Working Paper Series 6310, CESifo.
    69. Bachleitner, Alena & Prammer, Doris, 2024. "Don’t blame the government!? An assessment of debt forecast errors with a view to the EU Economic Governance Review," European Journal of Political Economy, Elsevier, vol. 82(C).
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    71. Sanjeev Gupta & João T Jalles & Carlos Mulas-Granados & Michela Schena, 2018. "Planned fiscal adjustments: Do governments fulfil their commitments?," European Union Politics, , vol. 19(3), pages 383-407, September.
    72. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo, 2018. "Revenue- versus spending-based consolidation plans: the role of follow-up," Working Paper Series 2178, European Central Bank.
    73. Philipp Weber & Laura A. Zell & Lars P. Feld & Christoph A. Schaltegger, 2024. "Functionality of Fiscal Rules in a Low Interest Rate Environment – New Empirical Results for Swiss Cantons," CESifo Working Paper Series 11351, CESifo.
    74. Joseph David Barroso Vasconcelos de Deus & Helder Ferreira de Mendonça, 2015. "Empirical evidence on fiscal forecasting in Eurozone countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(5), pages 838-860, October.
    75. Debrun, Xavier & Gerard, Marc & Harris, Jason, 2016. "Fiscal Watchdogs and Sound Fiscal Policy: Is the Barking Loud Enough to Tame Politicians?," MPRA Paper 96683, University Library of Munich, Germany, revised 2019.
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    78. Maria Cristina Barbieri Góes & Giovanna Ciaffi & Santiago José Gahn, 2025. "Le grandi Opere Pubbliche: fiscal multipliers of public infrastructure in Italy (1870–1998)," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(1), pages 155-180, April.
    79. Burret, Heiko T. & Feld, Lars P., 2018. "(Un-)intended effects of fiscal rules," European Journal of Political Economy, Elsevier, vol. 52(C), pages 166-191.
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    89. Luisa Giuriato & Alessandra Cepparulo & Matteo Barberi, 2016. "Fiscal forecasts and political systems: a legislative budgeting perspective," Public Choice, Springer, vol. 168(1), pages 1-22, July.
    90. Sophia Gollwitzer & Eteri Kvintradze & Mr. Tej Prakash & Luis-Felipe Zanna & Ms. Era Dabla-Norris & Mr. Richard I Allen & Irene Yackovlev & Victor Duarte Lledo, 2010. "Budget Institutions and Fiscal Performance in Low-Income Countries," IMF Working Papers 2010/080, International Monetary Fund.
    91. Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledó, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2019. "Independent fiscal councils: Recent trends and performance," European Journal of Political Economy, Elsevier, vol. 57(C), pages 53-69.
    92. Wehner, Joachim, 2010. "Cabinet structure and fiscal policy outcomes," LSE Research Online Documents on Economics 28648, London School of Economics and Political Science, LSE Library.
    93. Patrícia Martins & Leonida Correia, 2016. "Fiscal Forecasts and Slippages: The Role of the SGP and Domestic Fiscal Frameworks," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(2), pages 226-253, June.
    94. De Jong, Jasper F.M. & Gilbert, Niels D., 2020. "Fiscal discipline in EMU? Testing the effectiveness of the Excessive Deficit Procedure," European Journal of Political Economy, Elsevier, vol. 61(C).
    95. Nada Azmy ElBerry & Stijn Goeminne, 2021. "Fiscal transparency, fiscal forecasting and budget credibility in developing countries," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 40(1), pages 144-161, January.

Chapters

  1. Lex Hoogduin & Peter Wierts, 2012. "Thoughts on policies and the policy framework after a financial crisis," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 83-93, Bank for International Settlements.

    Cited by:

    1. Kooths, Stefan & van Roye, Björn, 2012. "Euro area: Single currency - national money creation," Kiel Working Papers 1787, Kiel Institute for the World Economy.
    2. Ad Van Riet, 2017. "The ECB’s Fight against Low Inflation: On the Effects of Ultra-Low Interest Rates," IJFS, MDPI, vol. 5(2), pages 1-27, April.
    3. Kooths, Stefan & van Roye, Björn, 2012. "Nationale Geldschöpfung im Euroraum: Mechanismen, Defekte, Therapie," Kiel Discussion Papers 508/509, Kiel Institute for the World Economy.
    4. van Riet Ad, 2019. "Twenty Years of European Central Bank Monetary Policy: A Keynesian and Austrian Perspective," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(5-6), pages 797-840, October.
    5. Richhild Moessner & Philip Turner, 2012. "Threat of fiscal dominance? Workshop summary," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 1-12, Bank for International Settlements.
    6. Fabrizio Zampolli, 2012. "Sovereign debt management as an instrument of monetary policy: an overview," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 97-118, Bank for International Settlements.
    7. van Riet, Ad, 2018. "Modern financial repression in the euro area crisis: making high public debt sustainable?," MPRA Paper 92649, University Library of Munich, Germany.

Books

  1. Anamaria Illes & Anneke Kosse & Peter Wierts, 2025. "Advancing in tandem - results of the 2024 BIS survey on central bank digital currencies and crypto," BIS Papers, Bank for International Settlements, number 159, November.

    Cited by:

    1. Frans Lavdari, 2026. "Bitcoin: after 15 years, is it worth?," International Economics and Economic Policy, Springer, vol. 23(3), pages 1-56, July.
    2. Wan, Jieru & Yin, Libo & Wu, You & Wu, Lei, 2026. "Time-frequency return and volatility spillovers among CBDC uncertainty, cryptocurrency uncertainty, and ESG stock indexes," Research in International Business and Finance, Elsevier, vol. 87(C).
    3. Dirk Niepelt, 2025. "Central Bank Digital Currency and Monetary Architecture," Diskussionsschriften dp2509, Universitaet Bern, Departement Volkswirtschaft.
    4. Berg, Tobias & Lindner, Vincent & Rößler, Denise, 2026. "Payments, sovereignty, and critical infrastructure: The strategic case for the digital euro," SAFE Policy Letters 112, Leibniz Institute for Financial Research SAFE.
    5. Thomas Lammer & Daniel Rees & Tara Rice & Takeshi Shirakami, 2025. "Enhancing cross-border payments: state of play and way forward," BIS Bulletins 119, Bank for International Settlements.

  2. de Haan,Jakob & Schoenmaker,Dirk & Wierts,Peter, 2020. "Financial Markets and Institutions," Cambridge Books, Cambridge University Press, number 9781108494113, June.

    Cited by:

    1. Dirk Schoenmaker & Svend E. Hougaard Jensen, 2020. "Should Denmark and Sweden join the banking Union?," Bruegel Policy Contributions 37311, Bruegel.

  3. Jeroen J.M. Kremers & Dirk Schoenmaker & Peter J. Wierts (ed.), 2003. "Financial Supervision in Europe," Books, Edward Elgar Publishing, number 2652.

    Cited by:

    1. Barry Eichengreen, 2011. "Out-of-the-Box Thoughts about the International Financial Architecture," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 13, Edward Elgar Publishing.
    2. L. Dalla Pellegrina & D. Masciandaro & R. Pansini, 2014. "Do exchange rate regimes affect the role of central banks as banking supervisors?," European Journal of Law and Economics, Springer, vol. 38(2), pages 279-315, October.
    3. Jan Kolesnik, 2013. "Europejska unia bankowa – nowy wymiar ryzyka systemowego. (European Banking Union – a new dimension of systemic risk.)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 11(42), pages 91-111.
    4. Mr. Marc G Quintyn & Donato Masciandaro & Ms. María Nieto, 2009. "Will they Sing the Same Tune? Measuring Convergence in the new European System of Financial Supervisors," IMF Working Papers 2009/142, International Monetary Fund.
    5. Jean Dermine, 2006. "European Banking Integration: Don’t Put the Cart before the Horse," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 15(2), pages 57-106, May.
    6. Naszodi, Anna, 2019. "The Single Resolution Fund and the Credit Default Swap: What is the Coasian fair price of their insurance services?," MPRA Paper 96181, University Library of Munich, Germany, revised 02 Apr 2019.

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