Showing 1 - 10 of 20
The TITUS exercise, held on 4 November 2015, was a crisis communication exercise involving the Eurosystem's payment … the contingency arrangements should be explored further; the timeliness of communication flows between the FMI operators … and their overseers should be improved; and the crisis communication frameworks of the relevant stakeholders should be …
Persistent link: https://www.econbiz.de/10015293645
Persistent link: https://www.econbiz.de/10015298693
The paper investigates the impact of US quantitative easing (QE) on global non-financial corporate bond issuance. It distinguishes between two QE instruments, MBS/GSE debt and Treasury bonds, and disentangles between two channels of transmission of QE to global bond markets, namely flow effects...
Persistent link: https://www.econbiz.de/10010753743
The paper shows that central bank communication is a key determinant of the market’s ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of …, individualistic communication regarding the economic outlook is found to be beneficial for the Federal Reserve, enabling market …
Persistent link: https://www.econbiz.de/10005530671
potentially conflicting - aspects of transparency. When there are frictions in communication or imperfections in the processing of … information, greater 'openness' (i.e. more information) need not always enhance the 'clarity' of central bank communication. In …
Persistent link: https://www.econbiz.de/10005530810
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important …
Persistent link: https://www.econbiz.de/10005530856
financial market volatility after FOMC meetings. Finally, Fed communication may exert an influence on forecast accuracy. JEL …
Persistent link: https://www.econbiz.de/10005530863
Media coverage of monetary policy actions is a central channel of a central bank’s communication with the wider public … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …
Persistent link: https://www.econbiz.de/10005530962
The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates … evidence that communication and actual interventions tend to be successful in moving exchange rates in the desired direction …
Persistent link: https://www.econbiz.de/10005070384