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The effectiveness of Japan's negative interest rate policy
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Miyamoto, … - 2017
In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and … reduce its 2% inflation target in the present low oil price era. Secondly, it argues that Japan cannot make a sustainable … interest rates are set too low. Japan's long-term recession is due to structural problems that cannot be solved by its current …
Persistent link: https://www.econbiz.de/10011594245
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The bank of Japan's super-easy monetary policy from 2013-2018
Shirai, Sayuri - 2018
Unconventional monetary easing conducted by the Bank of Japan (BOJ) since 2013 has contributed to the yen …
Persistent link: https://www.econbiz.de/10011936118
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Fiscal policy conditions for government budget stability and economic recovery : comparative analysis of Japan and Greece
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Mizoguchi, … - 2018
stability of the government budget and the recovery of the economy. The paper's empirical findings from Japan demonstrate that … provides a comparative analysis of Japan and Greece as evidence of the aforementioned condition, and proves that although Japan …
Persistent link: https://www.econbiz.de/10011868852
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Risk-on/risk-off, capital flows, leverage, and safe assets
McCauley, Robert N. - 2013
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets. When central banks in the receiving countries resist...
Persistent link: https://www.econbiz.de/10009690839
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Oil price shocks and green bonds : a longitudinal multilevel model
Azhgaliyeva, Dina; Mishra, Ranjeeta; Kapsalyamova, Zhanna - 2021
This paper contributes to the existing literature by investigating the impacts of crude oil price shocks on financial markets through an examination of the effect of oil price shocks on green bond issuance. Green bond issuance has been growing fast over the past several years; despite this, the...
Persistent link: https://www.econbiz.de/10012604715
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How do the financial markets respond to emerging economies' asset purchase program? : evidence from the Covid-19 crisis
Prabheesh, K. P.; Kumar, Sanjiv - 2022
This study examines the impacts of unconventional monetary policy on the exchange rate, stock market, and bond market during the COVID-19 economic crisis in an emerging economy. It focuses particularly on the asset purchase program conducted by the Central Bank of India. The Central Bank...
Persistent link: https://www.econbiz.de/10013198715
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The nexus of safe asset shortage, credit growth, and financial instability
Kim, Sujin - 2020
Does a shortage of safe assets sow the seeds of instability in a financial system? This paper empirically explores the hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the assumption of growth- or wealth-based demands...
Persistent link: https://www.econbiz.de/10012253869
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Economic integration in Central Asia regional economic cooperation member countries : financing economic corridors and sovereign bonds market
Khan, Muhammad Ayub Mehar - 2020
The nexus of the modes of financing, trade, and transport-related infrastructure, quantum of trade activities, and economic growth is the core area of this paper. It covers the impacts of regional economic integration of Central Asia Regional Economic Cooperation (CAREC) member countries on...
Persistent link: https://www.econbiz.de/10012200324
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Sovereign stress, banking stress, and the monetary transmission mechanism in the Euro area
Holtemöller, Oliver; Scherer, Jan-Christopher - 2018
In this paper, we investigate to what extent sovereign stress and banking stress have contributed to the increase in the level and in the heterogeneity of non-financial firms' financing costs in the Euro area during the European debt crisis and how both have affected the monetary transmission...
Persistent link: https://www.econbiz.de/10011797419
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Long-term interest rate spillovers from major developed economies to emerging Asia
Belke, Ansgar; Dubova, Irina; Volz, Ulrich - 2017
This paper explores the extent to which changes to long-term interest rates in major developed economies have influenced long-term government bond yields in emerging Asia. To gauge long-term interest spillover effects, the paper uses vector autoregressive variance decompositions with...
Persistent link: https://www.econbiz.de/10011635580