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Monetary policy transmission and financial stability in a LIC : the case of Bangladesh

Rafiq, Sohrab - 2015

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....

Persistent link: https://www.econbiz.de/10011408240

Scarcity effects of quantitative easing on market liquidity : evidence from the Japanese government bond market

Han, Fei; Seneviratne, Dulani - 2018

) effects of the Bank of Japan (BOJ)'s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity …Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints …, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central …

Persistent link: https://www.econbiz.de/10011852598

The impact of unconventional monetary policy measures by the systemic four on global liquidity and monetary conditions

Korniyenko, Yevgeniya; Loukoianova, Elena - 2015

States, the United Kingdom, Euro area and Japan- the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …

Persistent link: https://www.econbiz.de/10011445532

Delegated portfolio management, benchmarking, and the effects on financial markets

Igan, Deniz; Pinheiro, Marcelo - 2015

Persistent link: https://www.econbiz.de/10011373935

Stock market liquidity in Chile

Brandao Marques, Luis - 2016

in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of …

Persistent link: https://www.econbiz.de/10011715648

Liquidity ratios as monetary policy tools : some historical lessons for macroprudential policy

Monnet, Eric; Vari, Miklos - 2019

on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were … mechanisms described by contemporary central bankers, in which an increase in the liquidity ratio has contractionary effects …

Persistent link: https://www.econbiz.de/10012103606

Monetary policy and models of currency demand

El Hamiani Khatat, Mariam - 2018

Two types of currency in circulation models are identified: (1) a first generation derived from the theory of money demand and (2) a second generation aimed at producing daily forecasts of currency in circulation. In this paper, we transform the currency demand function into a VAR to capture the...

Persistent link: https://www.econbiz.de/10011803990

Treasury bills and/or central bank bills for absorbing surplus liquidity : the main considerations

Nyawata, Obert - 2012

Persistent link: https://www.econbiz.de/10009488203

Financial Dollarization Equilibria : A Framework for Policy Analysis

Ize, Alain - 2005

Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy action. This paper contributes to the policy debate by presenting a common analytic framework that examines the roots of de facto financial dollarization under different...

Persistent link: https://www.econbiz.de/10014401970

Emerging Economy Responses to the Global Financial Crisis of 2007-2009 : An Empirical Analysis of the Liquidity Easing Measures

Yehoue, Etienne B. - 2009

This paper draws on a unique data set on the nontraditional systemic liquidity easing measures recently undertaken by …

Persistent link: https://www.econbiz.de/10014402220