N
Nuno Cassola
Researcher at University of Lisbon
Publications - 56
Citations - 1490
Nuno Cassola is an academic researcher from University of Lisbon. The author has contributed to research in topics: Market liquidity & Interest rate. The author has an hindex of 21, co-authored 56 publications receiving 1436 citations. Previous affiliations of Nuno Cassola include European Central Bank & University of Milan.
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Monetary Policy and the Stock Market in the Euro Area
TL;DR: In this paper, the role of the stock market in the transmission mechanism in the euro area and evaluate whether price stability and financial stability are mutually consistent and complementary objectives is investigated, and four major conclusions can be drawn from their work.
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The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds
TL;DR: In this paper, the authors study European banks' demand for short-term funds (liquidity) during the summer 2007 subprime market crisis and find that banks' bids reflect their cost of obtaining shortterm funds elsewhere (e.g., in the interbank market) as well as a strategic response to other bidders.
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Volatility of interest rates in the euro area: Evidence from high frequency data
Nuno Cassola,Claudio Morana +1 more
TL;DR: In this paper, the authors studied the euro area money market from a microstructure perspective and empirically estimated the factors underlying the volatility of the overnight interest rate and its transmission along the money market yield curve.
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Declining valuations and equilibrium bidding in central bank refinancing operations
TL;DR: In this paper, the authors consider a standard divisible-good auction with either uniform or discriminatory pricing, and place it in the context of a secondary market for interbank credit.
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A money demand system for euro area M3
Claus Brand,Nuno Cassola +1 more
TL;DR: In this paper, the importance of monetary and financial developments for key macroeconomic variables in the euro area is assessed using a structural cointegrating VAR approach, while maintaining a good statistical representation of the data, long-run relationships are based on economic theory.