The increase in
money supply alone would not induce a drop in interest rates....became
impossible during 1994, and the general consolidation of public finances...
These concerns about potential consequences of household indebtedness led to another...References
Albrecht, J., Bjorklund, A. and Vroman, S. (2003): Is there a glass...
These concerns about potential consequences of household indebtedness led to another...References
Albrecht, J., Bjorklund, A. and Vroman, S. (2003): Is there a glass...
variable-rate loans to
households can rise
13
Source: Eurostat
Euro adoption has led...lower after the
adoption of the euro:
the elimination of FX risk for...
Lower risk appetite, reflected in preferences for less risky forms of investment, led...Credit portfolio ageing, accompanied by difficulties in liability settlement...
from our models of loan
demand in Table 4.16 For identification purposes, we drop...models of Discouraged in Table
26
5.17 For identification purposes we...
First, the inflationary episodes of the 1970s led to a great deal of dissatisfaction...Third, the rational
expectations revolution in macroeconomics...
to suspend dollar’s convertibility into gold in 1971 and the oil shock in
1972 led...Fourthly, there were major changes in the ECB’s monetary policy framework
that...
Poor performance and national interests led to the
restructuring of the system during...experiencing a
plateau in its density ratings between 1991-93 as well as a slight...
upturn in the net foreign assets (NFA) of the monetary sys-
tem, which exceeded the drop...of as much as
21.0% in September (Figure 48), which was accompanied by
a 2.4%...
contracted by 0.2%, and the French econ-
omy recorded an unexpected if slight drop...contributing equally to the in-
crease; this rise was offset to a degree by a...
