 | Euro Area Monetary Policy in Uncharted Waters Author/Editor: Emil Stavrev, Thomas Harjes, Martin Cihak. Release Date:August, 2009 We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from more...
| Price: $18.00
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 | Five Years After : European Union Membership and Macro-Financial Stability in the New Member States Author/Editor: Martin Cihak, Wim Fonteyne. Release Date:March, 2009 The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic more...
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 | From Subprime Loans to Subprime Growth? Evidence for the Euro Area Author/Editor: Martin Cihak, Petya Koeva Brooks. Release Date:March, 2009 The global financial crisis has highlighted the potential of financial conditions for influencing real economic activity. We examine the linkages between the financial and real sectors in the euro more...
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 | Distress in European Banks : An Analysis Basedon a New Dataset Author/Editor: Tigran Poghosyan, Martin Cihak. Release Date:January, 2009 The global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen more...
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 | Interest Rate Elasticity of Residential Housing Prices Author/Editor: Plamen Iossifov, Martin Cihak, Amar Shanghavi. Release Date:October, 2008 We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing more...
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 | Writing Clearly : ECB’s Monetary Policy Communication Author/Editor: Martin Cihak, Katerina Smídková, Ales Bulir. Release Date:October, 2008 The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case of the European Central Bank (ECB) in 1999-2007. The analysis identifies the more...
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 | Quality of Financial Sector Regulation and Supervision Around the World Author/Editor: Martin Cihak, Alexander F. Tieman. Release Date:August, 2008 The paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that collect and analyze data on regulation and supervision on the books, this study more...
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 | Islamic Banks and Financial Stability : An Empirical Analysis Author/Editor: Martin Cihak, Heiko Hesse. Release Date:January, 2008 The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of more...
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 | Taylor Rule Under Financial Instability Author/Editor: Martin Cihak, Ales Bulir, SofÃa Bauducco. Release Date:January, 2008 This paper contributes to the analysis of monetary policy in the face of financial instability. In particular, we extend the standard new Keynesian dynamic stochastic general equilibrium (DSGE) model more...
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 | How Well Do Aggregate Bank Ratios Identify Banking Problems? Author/Editor: Martin Cihak, Klaus Schaeck. Release Date:December, 2007 The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing upon a wide cross-country dataset, we utilize parametric and nonparametric tests to more...
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