ECB adjusts its capital key

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Metadata
Provider: 
ECBECB
URL: 
https://www.ecb.europa.eu//press/pr/date/2023/html/ecb.pr231221~173a7ba501.en.htmlhttps://www.ecb.europa.eu//press/pr/date/2023/html/ecb.pr231221~173a7ba501.en.html
Retrieved on: 
星期三, 一月 3, 2024
Information
Tags: 
Deutsche Bundesbank, European Commission, Council, NCBS, National bank, Danmarks Nationalbank, Frankfurt, Bank, Official Journal, Central bank, Gross domestic product, Central Bank of Cyprus, Hungarian National Bank, Bank of Greece, GDP, European, Number, Population, Bulgarian National Bank, Bank of Estonia, Civil service commission, Central Bank of Ireland, Reproduction, Statute, Oesterreichische Nationalbank, Bank of France, Sveriges Riksbank, De Nederlandsche Bank, European Central Bank, NCB, Banco de Portugal, Central Bank of Malta, EUR, Communication, Commission, ECB
Geotags: 
UNITED KINGDOM, BELGIUM, MALTA, BANCA, EUROPEAN UNION, CYPRUS, IRELAND, LUXEMBOURG, ENGLAND, GREECE, GERMANY
摘要
Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.
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