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Liquidity Ratio, Interest and Money supply (M2), which are used as monetary policy instruments, on deposit money bank … Liquidity Ratio and deposit money bank's profitability; there also existed a negative long run relationship between interest … Liquidity ratio, interest rates and M2 implementation to aid deposit money banks operations in the achievement of their profit …
Persistent link: https://www.econbiz.de/10012549267
Existing measures of core inflation ignore a part of ‘should be’ the core inflation. Exclusion based measures ‘exclude’ a part of persistent inflation inherently existing in the excluded part whereas filter based measures ‘filter-out’ the cyclical part also rather than the irregular...
Persistent link: https://www.econbiz.de/10012305830
There is a growing body of literature examining the effectiveness of the monetary policy on the macroeconomy in different contexts for developed and developing countries. However, lately, especially after the GFC, the focus of research shifted to examine the role of uncertainty in economic...
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The present paper attempts to expand the existing literature on Central Bank Independence (CBI) by proposing new measures for CBI. It designs two indices: one tackling the de jure CBI and the other assessing the de facto level of CBI. The two measures outweigh traditional measures in various...
Persistent link: https://www.econbiz.de/10011965178
Modern central banks increasingly value monetary policy transparency, and attempt to build credibility by communicating their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming changes in their most important monetary policy...
Persistent link: https://www.econbiz.de/10012016799
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The U.S. Subprime Crisis and the subsequent Great Recession have highlighted a renewed interest in the proper design and implementation of Early Warning Systems (E.W.S.), in order to help deter the onset of subsequent extreme financial events, through the implementation of adequate crisis...
Persistent link: https://www.econbiz.de/10013347094