Since the start of EMU monetary policy is centralised for the countries of the Euro area. In contrast to that main responsibility for banking supervision remains with the national authorities. This allocation of…
It was the aim of this project to evaluate the current status of Cental and Eastern European capital markets (particularly in Czech Republic, Hungary, Poland, Slovakia) and to develop proposals for policy actions…
Since the introduction of the Euro, Europe’s financial markets are often regarded as highly integrated. The study clarifies that this is not true, in particular with regard to retail financial services. The study…
Entscheidungen für eine bestimmte Form der privaten Altersvorsorge sind notwendigerweise mit einem hohen Grad an Unsicherheit behaftet. Besondere Schwierigkeiten bereitet der lange Zeithorizont des…
The aim of the summer school was to foster a research network amongst Western and Eastern European economist working on transition economics and capital markets. In the core workshop of 3 days J. Hanousek (CERGE,…
It was the aim of the project to develop forecasting and simulation models for interest rates in the Euro area. The target interest rates are those with 6 months, 2, 5 and 10 years time to maturity. The…
We analyze exchange rate pass-through, i.e. the change in local currency prices resulting from variations in the exchange rate, for consumer prices in the euro area. We first estimate country-specific pass-through…