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Developing Countries sub-sample. Thirdly, the positive effect of IT on FD is stronger when the Central Bank –CB- adopts “Partial …
Persistent link: https://www.econbiz.de/10008794278
costs, through a gradual adjustment of supervision effort to the bank's financial health. We also consider preventive …
Persistent link: https://www.econbiz.de/10010933829
spurred the industrial intervention of the Bank of England in the 1920s. What emerges is a much greater role of the Treasury … in the Bank of England's industrial intervention than has been hitherto suggested. This essay places the theme of the … Bank of England's industrial intervention within the broader discussions about Treasury history and Britain's post …
Persistent link: https://www.econbiz.de/10009001267
running an inflationary risk ; 3) else the money injected by the Central Bank increases the leverage of indebted investors …
Persistent link: https://www.econbiz.de/10011025794
In this contribution, it is shown that the ambivalence of institutional factors relatively to financial instability appears early in Minsky's first works, more precisely in the late fifties. The argument is developed in two main steps. First, on the basis of Minsky's analysis, I investigate the...
Persistent link: https://www.econbiz.de/10008789491
This paper provides a new framework for monetary macro-policy, where the Central Bank potentially intervenes both on …
Persistent link: https://www.econbiz.de/10010635014
Bank stands ready to lend money or engage in unconventional monetary policy such as quantitative easing. In sharp contrast … condition : 1) either the economy enters a liquidity trap in the first period ; 2) or the money injected by the Central Bank …
Persistent link: https://www.econbiz.de/10010635211
transparency on central bank forecasts. By modelling the private sector's behavior explicitly, we show that transparency reduces …
Persistent link: https://www.econbiz.de/10008804708
diffusion. Then we present the French situation. Finally, we propose a case study that takes place in a French bank. Our paper …
Persistent link: https://www.econbiz.de/10008924844
A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economics. A...
Persistent link: https://www.econbiz.de/10008794157