| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3892 |
| DP3892 Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero | |
| Günter Coenen; Athanasios Orphanides; Volker Wieland | |
| 发表日期 | 2003-05-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | In the last two decades the European financial markets have become more market-oriented. We analyse the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we conjecture that even if Europe might benefit from a continuation of the trend, in the near future political support for it is likely to become much weaker. Furthermore, without serious reforms, the trend is likely to benefit Southern Europe less than Northern Europe. |
| 主题 | Financial Economics |
| 关键词 | Finance development Financial markets Banking system |
| URL | https://cepr.org/publications/dp3892 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532879 |
| 推荐引用方式 GB/T 7714 | Günter Coenen,Athanasios Orphanides,Volker Wieland. DP3892 Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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