Showing 1 - 10 of 705
This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing … that the central bank uses to manage liquidity in the economy, which creates a role for the central bank balance sheet in … list of eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been …
Persistent link: https://www.econbiz.de/10011285637
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade …
Persistent link: https://www.econbiz.de/10012802090
much attention to the proper transparency and provide significant information about their decisions and policy making …
Persistent link: https://www.econbiz.de/10011717595
Using US data, we estimate optimal policy with a probability below one that the Fed reneges on its commitment ("limited credibility") versus discretionary policy where the Fed reneges on its commitment at all periods with a probability equal to one ("zero credibility"). The transmission...
Persistent link: https://www.econbiz.de/10011695111
This paper studies the impact of different types and styles of Bank of England Monetary Policy Committee (MPC …
Persistent link: https://www.econbiz.de/10014314314
We study alternative approaches to the withdrawal of prolonged unconventional monetary stimulus ("exit strategies") by central banks in large, advanced economies. We first show empirically that large-scale asset purchases affect the exchange rate and domestic and foreign term premiums more...
Persistent link: https://www.econbiz.de/10015066986
Under the Single Supervisory Mechanism (SSM), introduced in 2014, systemically important euro area banks with combined assets of about 21,000 billion euros are directly supervised by the ECB. We examine from a static and a dynamic perspective how this fundamental shift to unified supervision...
Persistent link: https://www.econbiz.de/10014416089
framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable … in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … financial markets, where banks are subject to runs, and where a central bank has a meaningful role to play, both in terms of …
Persistent link: https://www.econbiz.de/10011780925
the experience of the Colombian Central Bank over the last decade, a period of consolidation and innovation of its IT …
Persistent link: https://www.econbiz.de/10011285649
The paper reviews the calculation of Indian wholesale and consumer price indices and suggests improvements in the light of past experience and international best practices. It confirms that food inflation has been the driver of domestic inflation. The paper studies the recommendations of the...
Persistent link: https://www.econbiz.de/10010404663