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Dutch disease in the post-Soviet countries of Central and South-West Asia : how contagious is it?
Égert, Balázs - 2013
This study seeks to determine the extent to which the former communist states of Central and South-West Asia are "infected" by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real...
Persistent link: https://www.econbiz.de/10009727074
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Financial crisis, economic recovery and banking development in former Soviet Union economies
Huang, Haizhou; Marin, Dalia; Xu, Chenggang - 2003
and firms use non-bank finance, including trade credits and barter trade, to finance production. The banking failure …
Persistent link: https://www.econbiz.de/10011514178
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Central banking and financial stability in the long run
Cao, Jin; Chollete, Lorán - 2013
Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank’s welfare decreases with …
Persistent link: https://www.econbiz.de/10009753000
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Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
central bank money. After distinguishing RFA from cryptocurrencies and relating the proposal to discussions about narrow … inside money does not affect macroeconomic outcomes. I identify key conditions on bank and government (central bank …
Persistent link: https://www.econbiz.de/10011884338
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The impact of monetary and commodity fundamentals, macro news and central bank communication on the exchange rate : evidence from South Africa
Égert, Balázs - 2009
-lived effects on the exchange rate of selected macroeconomic surprises and central bank communication aimed at talking up the rand …. -- exchange rate ; nonlinearity ; commodity prices ; monetary model ; macroeconomic news ; central bank communication ; South …
Persistent link: https://www.econbiz.de/10003831962
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Trends in monetary policy transparency
Geraats, Petra M. - 2009
Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … has been followed by lower average inflation. -- Transparency ; monetary policy ; central bank communication ; monetary …
Persistent link: https://www.econbiz.de/10003818025
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Inflation and inflation uncertainty in the Euro Area
Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2009
This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the policy regime change associated with the start of EMU in...
Persistent link: https://www.econbiz.de/10003871923
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Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB
Sturm, Jan-Egbert; Haan, Jakob de - 2009
central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … included in our Taylor rule model, the ECB communication indicators remain significant. -- ECB ; central bank ; communication …
Persistent link: https://www.econbiz.de/10003872830
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Central bank boards around the world : why does membership size differ?
Berger, Helge (contributor); Nitsch, Volker (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003462873
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Does ECB communication help in predicting its interest rate decisions?
Jansen, David-Jan (contributor); Haan, Jakob de (contributor) - 2006
Persistent link: https://www.econbiz.de/10003377200