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U.S. Monetary Shocks and Global Stock Prices
Laeven, Luc - 2010
This paper studies how U.S. monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for...
Persistent link: https://www.econbiz.de/10014402649
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Outlook for interest rates and Japanese banks’ risk exposures under abenomics
Arslanalp, Serkan; Lam, W. Raphael - 2013
This paper examines how Japan’s long-term interest rates and Japanese banks’ interest rate risk exposures may evolve … yields in Japan are determined to a large extent by growth and inflation outlook, fiscal conditions, demography, and the … increased purchases by the Bank of Japan. At the same time, illustrative scenarios suggest the interest rate risk exposure of …
Persistent link: https://www.econbiz.de/10012667499
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Does Public Disagreementon Monetary Policy Unsettle the Markets?
Samiei, Hossein - 1997
Publication of minutes of monthly monetary policy meetings between the Chancellor of the Exchequer and the Governor of the Bank of England was a conspicuous feature of the United Kingdom’s inflation targeting framework from 1994 through April 1997. It was intended to reinforce credibility by...
Persistent link: https://www.econbiz.de/10014403354
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Shock therapy! : what role for Thai monetary policy?
Alp, Harun; Elekdaǧ, Selim Ali - 2012
Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates...
Persistent link: https://www.econbiz.de/10012671579
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Learning, monetary policy and asset prices
Airaudo, Marco; Nisticò, Salvatore; Zanna, Luis-Felipe - 2015
Persistent link: https://www.econbiz.de/10011282734
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This changes everything : climate shocks and sovereign bonds
Cevik, Serhan; Jalles, João Tovar - 2020
Climate change is already a systemic risk to the global economy. While there is a large body of literature documenting potential economic consequences, there is scarce research on the link between climate change and sovereign risk. This paper therefore investigates the impact of climate change...
Persistent link: https://www.econbiz.de/10012251897
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Unemployment surges in the EU : the role of risk premium shocks
Bakker, Bas B.; Korczak, Marta; Krogulski, Krzysztof - 2019
In the last decade, over half of the EU countries in the euro area or with currencies pegged to the euro were hit by large risk premium shocks. Previous papers have focused on the impact of these shocks on demand. This paper, by contrast, focuses on the impact on supply. We show that risk...
Persistent link: https://www.econbiz.de/10012009587
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The impact of debt sustainability and the level of debt on emerging markets spreads
Belhocine, Nazim; Dell'Erba, Salvatore - 2013
Persistent link: https://www.econbiz.de/10009747217
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Financial Liberalization, Bank Market Structure, and Financial Deepening : An Interest Margin Analysis
Sarr, Abdourahmane - 2000
The paper shows that commercial banks’ ability to lower deposit interest rates (market power) can increase deposit mobilization. Interest expenses saved can subsidize and lower fees on checking and branching services and thus help attract deposits. United States data illustrates the financial...
Persistent link: https://www.econbiz.de/10014399825
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Business cycles in emerging markets : the role of durable goods and financial frictions
Alvarez, Fernando; Brandao Marques, Luis; Toledo, Manuel - 2011
Persistent link: https://www.econbiz.de/10009424779