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This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our … panel models show that the probability that a central bank governor is replaced in a particular year is positively related …. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank …
Persistent link: https://www.econbiz.de/10013316991
trust of residents of a bank’s countries of operation in the residents of a potential target country of investment has a … cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …
Persistent link: https://www.econbiz.de/10014240868
capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …
Persistent link: https://www.econbiz.de/10012892187
representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10010261091
central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the …
Persistent link: https://www.econbiz.de/10010274048
This paper studies the spillovers of US monetary policy and the mitigating role of foreign exchange interventions (FXI) by combining deviations from a daily FXI policy rule with high-frequency US monetary policy shocks, daily exchange rates, and firm-level stock prices, as well as firm-level...
Persistent link: https://www.econbiz.de/10014345962
This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … bank. It also causes a higher likelihood that respondents provide inflation predictions, but does not affect the level of … reported forecast uncertainty and trust in the central bank …
Persistent link: https://www.econbiz.de/10014346849
This paper studies the role of a lender of last resort (LLR) in a monetary model where a shortage of a bank’s monetary …
Persistent link: https://www.econbiz.de/10014356320
This paper examines the role of central bank governors in monetary policy decisions taken by a committee. To carry out …
Persistent link: https://www.econbiz.de/10012861451
High-frequency changes in interest rates around FOMC announcements are a standard method of measuring monetary policy shocks. However, some recent studies have documented puzzling effects of these shocks on private-sector forecasts of GDP, unemployment, or inflation that are opposite in sign to...
Persistent link: https://www.econbiz.de/10012839776