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Indian Financial Sector : Structure, Trends and Turns

Mohan, Rakesh - 2017

some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that …. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks …

Persistent link: https://www.econbiz.de/10012962090

Loss of Correspondent Banking Relationships in the Caribbean : Trends, Impact, and Policy Options

Alleyne, Trevor - 2017

Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has …

Persistent link: https://www.econbiz.de/10012944967

Negative Interest Rate Policy (NIRP) : Implications for Monetary Transmission and Bank Profitability in the Euro Area

Jobst, Andreas (Andy) - 2016

More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero...

Persistent link: https://www.econbiz.de/10012977791

Shadow Banking and Market Discipline on Traditional Banks

Ari, Anil - 2018

We present a model in which shadow banking arises endogenously and undermines marketdiscipline on traditional banks … alternative banking strategy that combines high risk-taking with earlyliquidation in times of crisis. We bring the model to bear … andliquidated their assets. We derive an equilibrium in which the shadow banking sectorexpands to a size where its liquidation …

Persistent link: https://www.econbiz.de/10012929925

Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates

Hong, Gee Hee - 2018

In this paper, we investigate how negative interest rate policy (NIRP) introduced in January2016 by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior.The BoJ's announcement was an unexpected surprise to the market and was followed by asharp drop in equity prices...

Persistent link: https://www.econbiz.de/10012913933

Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America

Tovar Mora, Camilo Ernesto - 2012

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...

Persistent link: https://www.econbiz.de/10013102264

Monetary Policy Implementation : Operational Issues for Countries with Evolving Monetary Policy Frameworks

Maehle, Nils O. - 2020

This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be...

Persistent link: https://www.econbiz.de/10012840604

Monetary Policy is Not Always Systematic and Data-Driven : Evidence from the Yield Curve

Bulíř, Aleš - 2020

Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve movements, do react to macroeconomic innovations and these reactions reflect the...

Persistent link: https://www.econbiz.de/10012842208

Risk Management Maturity Assessment at Central Banks

Chamoun, E - 2020

Effective risk management at central banks is best enabled by a sound framework embedded throughout the organization that supports the design and execution of risk management activities. To evaluate the risk management practices at a central bank, the Safeguards Assessments Division of the IMF's...

Persistent link: https://www.econbiz.de/10012843293

Autonomous Factor Forecast Quality : The Case of the Eurosystem

Veyrune, Romain - 2020

The publication of liquidity forecasts can be understood as part of central banks' push toward greater transparency regarding monetary policy implementation. However, the advantages of transparency can only be realized if the information provided is accurate and reliable. This paper (1) provides...

Persistent link: https://www.econbiz.de/10012843300

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