Narrow search
Showing 1 - 10 of 60
Cover Image
The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
Cover Image
Risk premium shocks, monetary policy and exchange rate pass-through in the Czech Republic, Hungary and Poland
Vonnák, Balázs - Magyar Nemzeti Bank (MNB) - 2010
This paper investigates the role of monetary policy in a small open economy, where exchange rate shocks are important. VAR models are estimated for the Czech Republic, Hungary and Poland. Contemporaneous and sign restrictions are imposed in order to identify the effect of monetary policy and...
Persistent link: https://www.econbiz.de/10008461982
Cover Image
Recent Monetary Policy Statement of Bangladesh Bank (July 2009) An Analytical Commentary
Bhattacharya, Debapriya; Khan, Towfiqul Islam - East Asian Bureau of Economic Research (EABER) - 2009
Monetary policy is the process by which the central bank of a country controls the supply of money, the availability of money, and the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Fiscal policy induced demand...
Persistent link: https://www.econbiz.de/10009365531
Cover Image
Optimal degrees of transparency in monetary policymaking
Jensen, Henrik - Deutsche Bundesbank - 2001
Den meisten Akademikern und politischen Entscheidungsträgern zufolge ist Transparenz in der Geldpolitik wünschenswert … der Zentralbank zu schließen, wodurch die laufende Inflation stärker auf stabilitätspolitische Maßnahmen reagiert. Dies … führt dazu, dass die Zentralbank sich eher auf die Inflation als auf die Stabilisierung der Produktionslücke konzentriert …
Persistent link: https://www.econbiz.de/10005083135
Cover Image
The ESRB at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011711529
Cover Image
International experiences and domestic opportunities of applying unconventional monetary policy tools
Krekó, Judit; Balogh, Csaba; Lehmann, Kristóf; … - Magyar Nemzeti Bank (MNB) - 2013
This paper provides an overview of the impact of unconventional central bank instruments, the relevant international experiences and the room for application in Hungary. The use of unconventional instruments may be justified by the existence of financial market friction, turmoil, failure or...
Persistent link: https://www.econbiz.de/10010854236
Cover Image
Carry Trade, Uncovered Interest Parity and Monetary Policy
Felcser, Dániel; Vonnák, Balázs - Magyar Nemzeti Bank (MNB) - 2014
It is well documented in the literature that identified vector autoregression (VAR) models often produce puzzling results when the effect of unexpected monetary policy movements is estimated. Many authors find that raising interest rate generates protracted appreciation of the exchange rate (the...
Persistent link: https://www.econbiz.de/10010854254
Cover Image
Monetary policy and the oil futures market
Eickmeier, Sandra; Lombardi, Marco J. - Deutsche Bundesbank - 2012
We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial...
Persistent link: https://www.econbiz.de/10010957148
Cover Image
Asset Market Structures and Monetary Policy in a Small Open Economy
Jung, Yongseung - East Asian Bureau of Economic Research (EABER) - 2010
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of alternative monetary policy rules. It identifies three factors that can affect the welfare...
Persistent link: https://www.econbiz.de/10011278052
Cover Image
Asset Market Structures and Monetary Policy in a Small Open Economy
Jung, Yongseung - East Asian Bureau of Economic Research (EABER) - 2010
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of alternative monetary policy rules. It identifies three factors that can affect the welfare...
Persistent link: https://www.econbiz.de/10011278151