The impact of the ECB Monetary Policy on Systemic Risk Changes in Eurozone
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094417" target="_blank" >RIV/61989100:27510/15:86094417 - isvavai.cz</a>
Alternative codes found
RIV/00216224:14560/16:00089359
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The impact of the ECB Monetary Policy on Systemic Risk Changes in Eurozone
Original language description
This study examines the impact of ECB's monetary policy decisions on the state of financial stability in Eurozone countries in the form of systemic risk in the banking sector. We argue that the environment of low interest rates encourages bank risk taking and increases systemic risk. We employ time-varying parameter structural vector autoregressive model to test the response of systemic risk measured by the market-based SRISK indicator to changes in monetary policy based on official ECB statistics. Ourresults indicate that unconventional monetary policy in form of quantitative easing further escalates financial instability in Eurozone countries.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-20613S" target="_blank" >GA13-20613S: Institutional Structures of Financial Services Supervision and Monitoring of Systemic Risk in Central Europe</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 15th International Conference on Finance and Banking
ISBN
978-80-7510-186-0
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
50-59
Publisher name
Silesian University in Opava, School of Business Administration in Karviná
Place of publication
Karviná
Event location
Praha
Event date
Oct 13, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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