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Central Bank Response to the 2007-08 Financial Market Turbulence
Stella, Peter - 2008
Persistent link: https://www.econbiz.de/10012678161
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Writing Clearly : ECB's Monetary Policy Communication
Cihak, Martin - 2008
The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about 95 percent of instances, which is comparable to, or even...
Persistent link: https://www.econbiz.de/10014409073
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ECB Euro Liquidity Lines
Albrizio, Silvia - 2023
Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback effects. The announcement of an ECB euro liquidity...
Persistent link: https://www.econbiz.de/10015059508
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The ECB's Future Monetary Policy Operational Framework: Corridor or Floor?
Brandão-Marques, Luis - 2024
This paper reviews the trade-offs involved in the choice of the ECB's monetary policy operational framework. As long as the ECB's supply of reserves remains well in excess of the banks' demand, the ECB will likely continue to employ a floor system for implementing the target interest rate in...
Persistent link: https://www.econbiz.de/10015058579
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Income and democracy : Lipset's law revisited
Fayad, Ghada; Bates, Robert H.; Hoeffler, Anke - 2012
We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10009679679
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A Model of Sovereign Debt in Democracies
Alichi, Ali - 2008
sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …
Persistent link: https://www.econbiz.de/10012677458
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What Makes Growth Sustained?
Ostry, Jonathan David - 2008
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
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Geopolitics and International Trade: The Democracy Advantage
Cevik, Serhan - 2024
to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented … distance in determining bilateral trade flows and that democracy fosters international trade and moderates the potential … negative impact of geopolitics. While the impact of democracy and its interaction with geopolitical distance are significant …
Persistent link: https://www.econbiz.de/10015058709
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Central Bank Collateral Frameworks : Principles and Policies
McCaughrin, Rebecca - 2008
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10012679475
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Elements of Optimal Monetary Policy Committee Design.
Vandenbussche, Jérôme - 2006
Intro -- Contents -- I. INTRODUCTION -- II. A LARGE DIVERSITY OF MONETARY POLICY COMMITTEES -- III. NORMATIVE ISSUES IN MONETARY POLICY COMMITTEE DESIGN -- IV. PREFERENCE AGGREGATION IN MONETARY POLICY COMMITTEES -- V. BELIEF AGGREGATION IN MONETARY POLICY COMMITTEES -- VI. SUMMARY AND...
Persistent link: https://www.econbiz.de/10012691014