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Global Liquidity, Risk Premiums and Growth Opportunities
De Nicoló, Gianni - 2009
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international … financial integration, but markets have been increasingly exposed to global systemic liquidity shocks. Second, liq …
Persistent link: https://www.econbiz.de/10012677727
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Disintermediation and Monetary Transmission in Canada.
Roldos, Jorge - 2006
Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL DEREGULATION AND DISINTERMEDIATION -- III. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM VAR MODELS -- IV. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM STRUCTURAL MODELS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- References.
Persistent link: https://www.econbiz.de/10012691064
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The Use (and Abuse) of CDS Spreads During Distress
Spackman, Carolyne - 2009
Credit Default Swap spreads have been used as a leading indicator of distress. Default probabilities can be extracted from CDS spreads, but during distress it is important to take account of the stochastic nature of recovery value. The recent episodes of Landbanski, WAMU and Lehman illustrate...
Persistent link: https://www.econbiz.de/10012677752
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How effective is monetary transmission in low-income countries? : a survey of the empirical evidence
Mishra, Prachi; Montiel, Peter - 2012
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the ""facts on the ground"" and ""methodological...
Persistent link: https://www.econbiz.de/10009618588
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Monetary transmission mechanism in the East African community : an empirical investigation
Davoodi, Hamid; Dixit, Shiv; Pinter, Gabor - 2013
Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when...
Persistent link: https://www.econbiz.de/10009706783
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The effectiveness of monetary policy transmission under capital inflows : evidence from Asia
Jain Chandra, Sonali; Unsal, D. Filiz - 2012
The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia's...
Persistent link: https://www.econbiz.de/10009679028
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Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries.
Cevik, Serhan - 2012
This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...
Persistent link: https://www.econbiz.de/10012690173
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Monetary Transmission Mechanism in Jordan.
Poddar, Tushar - 2006
Intro -- Contents -- I. INTRODUCTION -- II. CHANNELS OF MONETARY TRANSMISSION -- III. CONDUCT OF MONETARY POLICY IN JORDAN -- IV. EVIDENCE FROM VARS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- IMPULSE RESPONSES -- GRANGER CAUSALITY TESTS SUMMARY -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691000
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Monetary Transmission Mechanisms in Belarus.
Maino, Rodolfo - 2006
Persistent link: https://www.econbiz.de/10012691129
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Transmission Mechanisms of Monetary Policy in Armenia : Evidence from VAR Analysis
Floerkemeier, Holger - 2006
Persistent link: https://www.econbiz.de/10012691167