Working Papers
The Working Paper series of the Oesterreichische Nationalbank is designed to disseminate and to provide a platform for discussion of either work of the staff of the OeNB economists or outside contributors on topics which are of special interest to the OeNB. To ensure the high quality of their content the contributions are subjected to an international refereeing process. The opinions are strictliy those of the authors and do in no way commit the OeNB.
2006
Working Paper 134
Central Bank Interventions, Communication and Interest Rate Policy in Emerging European Economies
Balázs Egert
Working Paper 133
A Deliberative Independent Central Bank
Erwin Jericha and Martin Schürz
Working Paper 132
AQM-06: The Macro economic Model of the OeNB
Martin Schneider and Markus Leibrecht
Working Paper 131
Expected Money Growth, Markov Trends and the Instability of Money Demand in the Euro Area
Sylvia Kaufmann and Peter Kugler
Working Paper 130
A Worldwide System of Reference Rates
John Williamson with a comment by Marc Flandreau
Working Paper 129
Are Monetary Rules and Reforms Complements or Substitutes?
A Panel Analysis for the World versus OECD Countries
Ansgar Belke, Bernhard Herz, Lukas Vogel
Working Paper 128
Three Lectures on Monetary Theory and Policy:
Speaking Notes and Background Papers
David Laidler
Working Paper 127
Proposal for a Common Currency among Rich Democracies
Richard N. Cooper
Working Paper 126
Monetary Unions, External Shocks and Economic Performance
Sebastian Edwards with a comment by Enrique Alberola
Working Paper 125
Regional Currency Arrangements: Insights from Europe
Josef Christl with a comment by Lars Jonung
Working Paper 124
Responses to Monetary Policy Shocks in the East and the West of Europe: A Comparison
Marek Jarociński
Working Paper 123
The Mystique of Central Bank Speak
Petra Geraats
Working Paper 122
Exchange-Rate Arrangements an Financial Integration in East Asia: On a Collision Course?
Hans Genberg (comments by Jim Dorn and Eiji Ogawa)
Working Paper 121
Regional Currency Arrangements in North America
Sven Arndt (comments by Steve Kamin and Pierre Siklos)
Working Paper 120
Europe’s Hard Fix: The Euro Area
Otmar Issing (comments by Mario Bleyer and Leslie Lipschitz)
Working Paper 119
An Unobserved Components Model to Forecast Austrian GDP
Gerhard Fenz and Martin Spitzer
Working Paper 118
Interest Rate Pass-Through, Monetary Policy Rules and Macroeconomic Stability
Claudia Kwapil and Johann Scharler
Working Paper 117
Do Bank-Based Financial Systems Reduce Macroeconomic Volatility by Smoothing Interest Rates?
Johann Scharler
Working Paper 116
Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks
Sylvia Kaufmann and Johann Scharler
Working Paper 115
The London Stock Exchange in the 19th Century: Ownership Structures, Growth and Performance
Larry Neal
Working Paper 114
The Determinants of Multinational Banking during the First Globalization, 1870–1914
Stefano Battilossi with comments by Patrick McGuire and Aurel Schubert
Working Paper 113
Lessons from Italian Monetary Unification
James Foreman-Peck
with a comment by Ivo Maes
Working Paper 112
Did Genoa and Venice Kick a Financial Revolution in the Quattrocento?
Michele Fratianni and Franco Spinelli
with comments by John Driffill and Nathan Sussman
Working Paper 111
European Financial Market Integration in the Gründerboom and Gründerkrach: Evidence from European Cross-Listings
Markus Baltzer
with comments by Luis Catão and by Isabel Schnabel
Working Paper 110
Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios
Evelyn Hayden, Daniel Porath and Natalja von Westernhagen
Working Paper 109
Bankruptcy Law, Creditors’ Rights and Contractual Exchange in Europe, 1808–1914
Jérôme Sgard
with comments by Yishay Yafeh
Working Paper 108
European Banks and their Impact on the Banking Industry in Chile
Ignacio Briones and André Villela
with comments by Forrest Capie and by Patrick Honohan
Working Paper 107
Legal-Political Factors and the Historical Evolution of the Finance-Growth Link
Michael D. Bordo and Peter L. Rousseau
with comments by Thorvaldur Gylfason and by Pierre Siklos