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Monetary policy operations of debtor central banks in mena countries
Schnabl, Gunther; Schobert, Franziska - 2007
The paper analyses the monetary policy operations of central banks in the Middle East and North Africa (MENA). We distinguish the pattern of monetary policy operations of the liquidity providing central banks of the large industrialized countries (creditor central banks) and the liquidity...
Persistent link: https://www.econbiz.de/10009011727
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Limits of monetary policy autonomy and exchange rate flexibility by East Asian central banks
Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - 2013
Asian central banks into debtor positions versus the domestic banking systems. We show based on a central bank loss function … financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …
Persistent link: https://www.econbiz.de/10009775810
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Monetary policy, financial regulation and financial stability : a comparison between the Fed and the ECB
Schnabl, Gunther; Sonnenberg, Nils - 2020
banking system, whereas the European Central Bank had a stronger focus on the stabilization of the debt affordability of euro …
Persistent link: https://www.econbiz.de/10012197673