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How strong is the wealth channel of monetary policy transmission? A microeconometric evaluation for Austria (PDF, 996 kB)

… Additionally, we combine sev- eral approaches in the literature in or- der to attempt an identification of a causal link using an instrumental-vari- able approach not only for the overall wealth effect but …

Ukraine: Macroeconomic Developments and Structural Change with a Special Focus on the Energy Sector (PDF, 272 kB)

How do resource-driven economies cope with the oil price slump? A comparative survey of ten major oil-exporting countries (PDF, 313 kB)

Central Banking in 19th Century Belgium: Was the NBB a Lender of Last Resort? (PDF, 416 kB)

… transparent, and more amenable to effective government supervision (Van der Wee and Verbreyt, 1997; Brion and Moreau, 1998). Of course, Frère-Orban realized that the big banks would fiercely resist his …

Financial Stability Report 17 (PDF, 1,3 MB)

Reichsbank Offices 1938-1945 in Focus: Main Reichsbank Office Vienna (PDF, 781 kB)

… base at the OeNB. The membership statistics of the Reichsverein der Bank- und Sparkassenbeamten (the labor union of bank and savings bank employees) list only 21 OeNB employees as members. In other …