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Central bank swap lines
Bahaj, Saleem; Reis, Ricardo - 2018
Persistent link: https://www.econbiz.de/10012172457
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Central bank swap lines
Bahaj, Saleem; Reis, Ricardo - 2018 - First draft: October 2017
Swap lines between advanced-economy central banks are a new important part of the global financial architecture. This paper analyses their monetary policy effects from three perspectives. First, from the perspective of the central banks, it shows that the swap line mimics discount-window credit...
Persistent link: https://www.econbiz.de/10011867130
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Central bank swap lines
Bahaj, Saleem; Reis, Ricardo - 2018
Persistent link: https://www.econbiz.de/10011919647
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Financial crisis, global liquidity and monetary exit strategies
Belke, Ansgar - 2010
vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …
Persistent link: https://www.econbiz.de/10003958646
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Financial crisis, global liquidity and monetary exit strategies
Belke, Ansgar - 2010
vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …
Persistent link: https://www.econbiz.de/10003961040
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Finanzkrise, globale Liquidität und makroökonomischer Exit
Belke, Ansgar; Schnabl, Gunther - 2010
A series of crises and emergency interest rate cuts has brought global interest rates towards zero and government debt to historical records. The paper discusses the exit options from unconventional monetary policies and unsustainable government debt. First, the paper sheds light on the...
Persistent link: https://www.econbiz.de/10008748343
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Global liquidity, world savings glut and global policy coordination
Belke, Ansgar; Gros, Daniel - 2010
drivers of asset prices are global liquidity conditions. Central banks flooded the markets with ample liquidity. Mopping up … this excess liquidity will be one major task for central banks worldwide, which needs to be done in a coordinated fashion …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …
Persistent link: https://www.econbiz.de/10003934687
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Finanzkrise, globale Liquidität und makroökonomischer Exit
Belke, Ansgar; Schnabl, Gunther - 2010
task - the coordination of the non-exit is more likely than the coordination of the exit. -- Geldpolitik ; Fiskalpolitik …
Persistent link: https://www.econbiz.de/10008855893
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Interpreting the Unconventional U.S. Monetary Policy of 2007-09
Reis, Ricardo - 2010
compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …
Persistent link: https://www.econbiz.de/10012462989
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Interpreting the Unconventional U.S. Monetary Policy of 2007-09
Reis, Ricardo - 2010
compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …
Persistent link: https://www.econbiz.de/10013148674