Narrow search
Showing 1 - 10 of 1,284
Cover Image
Crossing the credit channel : credit spreads and firm heterogeneity
Anderson, Gareth; Cesa-Bianchi, Ambrogio - 2020
Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for U.S. non-financial firms, we document that firms with high leverage experience a more pronounced...
Persistent link: https://www.econbiz.de/10012485947
Cover Image
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
Cover Image
Financial frictions in data : evidence and impact
Taheri Sanjani, Marzie - 2014
Persistent link: https://www.econbiz.de/10010479493
Cover Image
Monetary policy and risk-premium shocks in Hungary : results from a large Bayesian VAR
Carare, Alina; Popescu, Adina - 2011
Persistent link: https://www.econbiz.de/10009422258
Cover Image
Monetary Policy and Risk-Premium Shocks in Hungary : Results from a Large Bayesian VAR
Popescu, Adina - 2011
We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the Bayesian estimation of large VAR models. The method allows extracting information from over 100 series, opening the ""black box"" of the transmission mechanism to provide the...
Persistent link: https://www.econbiz.de/10014397743
Cover Image
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, liquidity …
Persistent link: https://www.econbiz.de/10014404263
Cover Image
Can countries manage their financial conditions amid globalization?
Arregui, Nicolas; Elekdaǧ, Selim Ali; Gelos, Gaston; … - 2018
This paper examines the evolving importance of common global components underlying domestic financial conditions. It develops financial conditions indices (FCIs) that make it possible to compare a large set of advanced and emerging market economies. It finds that a common component, 'global...
Persistent link: https://www.econbiz.de/10011799311
Cover Image
Disintermediation and Monetary Transmission in Canada
Roldos, Jorge - 2006
This paper studies changes in Canada''s monetary policy transmission, associated with the important changes in financial structure experienced in the 1990''s, using two methodologies. First, VAR models show a clear break in monetary transmission beginning in 1988, after changes in financial...
Persistent link: https://www.econbiz.de/10014400524
Cover Image
Monetary Policy Transmission in an Emerging Market Setting
Patnaik, Ila - 2011
Some emerging economies have a relatively ineffective monetary policy transmission owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, small open economies can have a substantial monetary policy transmission through...
Persistent link: https://www.econbiz.de/10014403439
Cover Image
Sovereign Risk and Belief-Driven Fluctuations in the Euro Area
Corsetti, Giancarlo - 2013
Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New Keynesian model of a two-region monetary union that accounts for this “sovereign risk channel.” The model is calibrated to the euro...
Persistent link: https://www.econbiz.de/10014394535