Natacha Valla

European Union - European Investment Bank

98-100 Boulevard Konrad Adenauer

L-2950

Luxembourg

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

Banque de France

Direction de la Recherche - 41 - 1422

31 rue Croix des Petits Champs

75049 Paris Cedex 01

France

http://www.iue.it/Personal/Researchers/valla/

  • European Union - European Investment Bank

  • European Central Bank (ECB)

  • Banque de France

    • Email
    • Tel: +33 1 42922756
    • Fax: +33 1 42926296
SCHOLARLY PAPERS

19

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2,117

SSRN CITATIONS
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22

CROSSREF CITATIONS

138

Scholarly Papers (19)

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1.

Regime-Dependent Impulse Response Functions in a Markov-Switching Vector Autoregression Model

Bank of Finland Discussion Paper No. 11/2001
Number of pages: 27 Posted: 23 Jul 2002
Michael Ehrmann, Martin Ellison and Natacha Valla
European Central Bank (ECB), University of Oxford and European Union - European Investment Bank
Downloads 448 (90,262)
Citation 23

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vector autoregression, regime switching, shocks, new economy

2.

Manipulation in Money Markets

Swiss Finance Institute Research Paper No. 29
Number of pages: 42 Posted: 26 Nov 2006
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 325 (129,672)
Citation 21

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Manipulation, Money markets, SWAPS

3.

Term Structure and the Sluggishness of Retail Bank Interest Rates in Euro Area Countries

ECB Working Paper No. 518
Number of pages: 49 Posted: 21 Sep 2005
Gabe de Bondt, Benoit Mojon and Natacha Valla
European Central Bank (ECB), Banque de France and European Union - European Investment Bank
Downloads 280 (151,436)
Citation 2

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retail bank interest rates, market interest rates, euro area countries

4.

The Natural Real Rate of Interest in the Euro Area

Number of pages: 47 Posted: 02 Dec 2003
Nicola Giammarioli and Natacha Valla
European Central Bank (ECB) and European Union - European Investment Bank
Downloads 215 (195,725)

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Natural rate of interest; monetary policy; euro area

5.

Liquidity, Information, and the Overnight Rate

Number of pages: 38 Posted: 14 Jun 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 152 (264,375)

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Liquidity effect, asymmetric information, monetary policy implementation

6.

Sporadic Manipulation in Money Markets with Central Bank Standing Facilities

Number of pages: 36 Posted: 13 Dec 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 126 (305,698)

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Money market, corridor system, manipulation

7.

Overbidding in Fixed Rate Tenders: The Role of Exposure Risk

Swiss Finance Institute Research Paper No. 10-35
Number of pages: 43 Posted: 25 Aug 2010 Last Revised: 02 Jun 2011
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 79 (414,054)
Citation 1

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Eurosystem; Bank of England, Fixed rate tender, Overbidding, Exposure risk, Existence of equilibrium, Dynamics

8.

Optimal Allotment Policy in the Eurosystem's Main Refinancing Operations

Number of pages: 49 Posted: 10 Feb 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 76 (423,302)
Citation 1

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Euro, monetary policy instruments, operational framework, refinancing operations

9.

Financial Market Liquidity and the Lender of Last Resort

Banque de France Working Paper No. 178
Number of pages: 44 Posted: 10 Oct 2010
Christian Ewerhart and Natacha Valla
University of Zurich, Department of Economics and European Union - European Investment Bank
Downloads 75 (426,397)
Citation 11

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Liquidity, financial markets, lender of last resort

10.

Learning, Uncertainty and Central Bank Activism in an Economy with Strategic Interactions

Number of pages: 35 Posted: 12 Dec 2002
Martin Ellison and Natacha Valla
University of Oxford and European Union - European Investment Bank
Downloads 63 (467,175)

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Activism, Learning, Monetary Policy, Strategic Interactions, Uncertainty

11.

Forced Portfolio Liquidation

Banque de France Working Paper No. 179
Number of pages: 46 Posted: 09 Oct 2010
Christian Ewerhart and Natacha Valla
University of Zurich, Department of Economics and European Union - European Investment Bank
Downloads 54 (502,145)
Citation 22

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Portfolio liquidation, market disruption, leverage, determinants of asset liquidity, hedge funds, structured credit

12.

Declining Valuations and Equilibrium Bidding in Central Bank Refinancing Operations

ECB Working Paper No. 668, Swiss Finance Institute Research Paper No. 07-22
Number of pages: 33 Posted: 22 Aug 2006
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 54 (502,145)
Citation 2

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Open market operations, uniform price auction, discriminatory, Eurosystem, discriminatory auction, bid shading, collateral

13.

Equilibrium and Inefficiency in Fixed Rate Tenders

ECB Working Paper No. 554
Number of pages: 35 Posted: 30 Nov 2005
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 53 (506,266)

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Fixed rate tenders, rationing, equilibrium, inefficiency

14.

‘New Normal’ or ‘New Orthodoxy’? Elements of a Central Banking Framework for the After-Crisis

Banque de France Working Paper No. 680
Number of pages: 27 Posted: 16 May 2018
Christian Pfister and Natacha Valla
Banque de France and European Union - European Investment Bank
Downloads 43 (551,576)
Citation 4

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Central banks, Monetary policy, Financial stability

15.

Declining Valuations and Equilibrium Bidding Central Bank Refinancing Operations

Banque de France Working Paper No. NER-R 151
Number of pages: 54 Posted: 26 Oct 2010
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich, Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 25 (656,263)
Citation 31

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Open market Operations, Uniform Price Auction, Discriminatory Auction, Eurosystem

16.

Stabilising Virtues of Central Banks: (Re)Matching Bank Liquidity

Banque de France Working Paper No. 667
Number of pages: 19 Posted: 08 Mar 2018
Vincent Legroux, Imene Rahmouni-Rousseau, Urszula Szczerbowicz and Natacha Valla
Banque de France, Banque de France, Banque de France and European Union - European Investment Bank
Downloads 20 (693,432)

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Bank Liquidity, Liquidity Mismatch, Monetary Policy, Central Bank, Haircuts, Collateral Framework

17.

Domestic and External Sectoral Portfolios: Network Structure and Balance-Sheet Contagion

ECB Working Paper No. 2215
Number of pages: 41 Posted: 19 Dec 2018
Jonas Heipertz, Romain Rancière and Natacha Valla
Paris School of Economics (PSE), University of Southern California and European Union - European Investment Bank
Downloads 19 (701,136)

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sectoral inter-linkages, portfolio investments, asset demand and supply

18.

Balance-Sheet Diversification in General Equilibrium: Identification and Network Effects

Downloads 10 (778,566)

Balance-Sheet Diversification in General Equilibrium: Identification and Network Effects

NBER Working Paper No. w23572
Number of pages: 50 Posted: 17 Jul 2017 Last Revised: 30 May 2021
Jonas Heipertz, Amine Ouazad, Romain G. Rancière and Natacha Valla
Paris School of Economics (PSE), HEC Montréal, University of Southern California and European Union - European Investment Bank
Downloads 10 (808,191)

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Balance-Sheet Diversification in General Equilibrium: Identification and Network Effects

CEPR Discussion Paper No. DP12134
Number of pages: 52 Posted: 10 Jul 2017
Jonas Heipertz, Amine Ouazad, Romain G. Rancière and Natacha Valla
Paris School of Economics (PSE), HEC Montréal, University of Southern California and European Union - European Investment Bank
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Asset Pricing, Dynamic Factors., Financial Networks, General Equilibrium Model of Asset Trade, heterogenous beliefs

19.

Emu: What If the Shocks are in the Labor Markets?

International Journal of Business, Vol. 3, No. 1, 1998
Posted: 22 Apr 1998
Gil Mehrez and Natacha Valla
International Monetary Fund (IMF) and European Union - European Investment Bank

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