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Évaluation de l'état de préparation des pays de la ZMAO à la migration vers un cadre de ciblage de l'inflation
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Diallo, … - 2021
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10014278241
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The Impact of the Basel III Liquidity Regulations on the Bank Lending Channel: A Luxembourg case study
Giordana, Gaston; Schumacher, Ingmar - Central Bank of Luxembourg - 2011
In this paper we study the impact of the Basel III liquidity regulations, namely the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), on the bank lending channel in Luxembourg. For this aim we built, based on individual bank data, time series of the LCR and NSFR for a...
Persistent link: https://www.econbiz.de/10009283380
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Évaluation de l'état de préparation des pays de la ZMAO à la migration vers un cadre de ciblage de l'inflation
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Diallo, … - 2021
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10014234424
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The art of central banking of the ECB and the separation principle.
Clerc, L.; Bordes, C. - Banque de France - 2010
This paper examines the art of central banking as practised by the European Central Bank (ECB) through the prism of … event of temporary money demand shocks. During the first part of the crisis, the ECB acted in accordance with the separation … unconventional measures adopted by the ECB created interference between its monetary policy, its credit policy and its interest rate …
Persistent link: https://www.econbiz.de/10008548998
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Politique monétaire, stabilité macroéconomique et changement structurel
Gaffard, Jean-Luc - Centre de recherche en Économie (OFCE), Sciences … - 2010
This paper is dedicated at reconsidering objectives and instruments of monetary policy and also at redefining a policy mix in an economy which is systematically confronted to imbalances due to changes in technology, in the composition of demand or in the distribution of income, It is motivated...
Persistent link: https://www.econbiz.de/10008553076
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Banque centrale, taux de l'escompte et politique monétaire chez Henry Thornton (1760-1815).
Mésonnier, J-S. - Banque de France - 2002
Henry Thornton (1760-1815), whose major work - An Enquiry into the Nature and Effects of the Paper Credit of Great Britain - is celebrating its bicentennary in 2002, is considered today to be one of the most prominent classical monetary economist, in particular with regard to its seminal...
Persistent link: https://www.econbiz.de/10005056526
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Challenges of the “New Economy” for Monetary Policy
Cette, Gilbert; Pfister, Christian - In: International Productivity Monitor 8 (2004) Spring, pp. 27-36
While much attention has focused on the factors that brought about the so-called new economy, much less attention has been paid to optimal policy responses following the establishment of the new economy. In the third article, Gilbert Cette and Christian Pfister from the Bank of France provide...
Persistent link: https://www.econbiz.de/10005650259
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Programme OMT : L’Émergence D’Un Contrôle Juridique De La Politique Monétaire De La Banque Centrale Européenne (OMT Program : The Emergence Of A Judicial Review of the European Cen...
Blemus, Stéphane - 2015
-conventional monetary policy conducted by the European Central Bank (ECB), by holding that the program "Outright Monetary Transactions" (OMT …) of the ECB is compatible under conditions with the European Union's "primary legislation" and the Statute of the ESCB and … of the ECB. This decision reinforces the legal legitimacy of highly publicized technical decisions adopted in the …
Persistent link: https://www.econbiz.de/10013009364
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L’élaboration de la politique monétaire dans la zone euro et aux États-Unis.
LOISEL, O. - In: Bulletin de la Banque de France (2006) 156, pp. 63-72
La table ronde d’un colloque co-organisé par la Banque de France a porté sur les similitudes et les différences entre la Banque centrale européenne et le Système fédéral de réserve en termes de réactivité, d’objectifs et de stratégie de politique monétaire.
Persistent link: https://www.econbiz.de/10009220161
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Ratios de sacrifice et rigidités sur le marché du travail.
COFFINET, J. - In: Bulletin de la Banque de France (2006) 151, pp. 59-73
L’article procède à une estimation des ratios de sacrifice, mesures du coût à court terme en croissance d’une politique de désinflation, et cherche à en déterminer les principaux déterminants, en particulier le rôle éventuel de rigidités sur le marché du travail.
Persistent link: https://www.econbiz.de/10009220169