Similar Search Results

Monetary Policy Rules in Emerging Countries : Is There an Augmented Nonlinear Taylor Rule?

Caporale, Guglielmo Maria - 2016

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel, South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in these countries can be more accurately described by (i) an augmented rule including the exchange rate, as well as...

Persistent link: https://www.econbiz.de/10012988545

Inflation Targeting as a Shock Absorber

Fratzscher, Marcel - 2018

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...

Persistent link: https://www.econbiz.de/10012926238

The Short-Run Effect of Monetary Policy Shocks on Credit Risk : An Analysis of the Euro Area

Kim, Chi Hyun - 2019

We examine the credit channel of monetary policy from 2000 to 2015 in the Euro Area using daily monetary policy shock and credit risk measures in an autoregressive distributed lag model. We find that an expansionary monetary policy shock leads to a short-run increase in the credit risk of...

Persistent link: https://www.econbiz.de/10012893974

The Cost Channel Effect of Monetary Transmission : How Effective Is the ECB's Low Interest Rate Policy for Increasing Inflation?

Schäfer, Dorothea - 2017

We examine whether monetary transmission during the financial and sovereign debt crisis was dominated by the cost channel or by the demand-side channel effect. We use two approaches to track down the potential pass through of changes in the monetary policy rate to those in consumer prices....

Persistent link: https://www.econbiz.de/10012959568

Advanced Mechanisms for the Promotion of Renewable Energy : Models for the Future Evolution of the German Renewable Energy Act

Langniß, Ole - 2014

The German Renewable Energy Act (EEG) has been very successful in promoting the deployment of wind power plants and other renewable energy power generating technologies in Germany. The increasing share of EEG-power in the generation portfolio, increasing amounts of fluctuating power generation,...

Persistent link: https://www.econbiz.de/10013071050

Insolvency Regimes and Cross-Border Investment Decisions

Kliatskova, Tatsiana; Savatier, Loïc Baptiste - 2020

This paper investigates the effect of reforms of insolvency regulations on cross-border debt and equity investments at a sectoral level. Using disaggregated data from the Securities Holdings Statistics by Sector (SHSS) and OECD-indicators on the efficiency of insolvency regulations, we ﬁnd...

Persistent link: https://www.econbiz.de/10014099678

Liquidity Risk and Yield Spreads of Green Bonds

Wulandari, Febi - 2018

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …-speciﬁc characteristics and macroeconomic variables. Using two liquidity estimates, LOT liquidity and the bid-ask spread, we ﬁnd that, in … particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of …

Persistent link: https://www.econbiz.de/10012921889

Global Liquidity, World Savings Glut and Global Policy Coordination

Belke, Ansgar Hubertus - 2010

drivers of asset prices are global liquidity conditions. Central banks flooded the markets with ample liquidity. Mopping up … this excess liquidity will be one major task for central banks worldwide, which needs to be done in a coordinated fashion …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …

Persistent link: https://www.econbiz.de/10013144334

Money and Inflation in the Euro Area During the Financial Crisis

Dreger, Christian - 2011

long run, inflation is affected by asset prices and detrended output. Excess liquidity plays an important role for …

Persistent link: https://www.econbiz.de/10013123358

Liquidity and the Dynamic Pattern of Asset Price Adjustment : A Global View

Belke, Ansgar Hubertus - 2009

Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates …

Persistent link: https://www.econbiz.de/10013155197