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Why Did the Banks Overbid? An Empirical Model of the Fixed Rate Tenders of the European Central Bank
Ayuso, Juan; Repullo, Rafael - Banco de España - 2001
This paper tests two hypotheses for the overbidding behavior of the banks in the fixed rate tenders conducted by the European Central Bank from January 1999 until June 2000. One hypothesis attributes the overbidding to expectations of a future tightening of monetary policy, while the other...
Persistent link: https://www.econbiz.de/10005155296
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Evolução da política do recolhimento compulsório no Brasil pós-real
Cavalcanti, Marco A. F. H.; Vonbun, Christian - 2013
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010331102
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O que mostram as demonstrações? Balanços e resultados dos bancos centrais
e Silva, Antonio Carlos Macedo - 2016
This paper deals with the financial statements of Central Banks. The starting point is the analysis of their balance sheets, which reveal their strong connections, on the one hand, with the National Treasuries; on the other hand, with the financial firms. The balance sheets reveal, besides the...
Persistent link: https://www.econbiz.de/10011537884
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Transparência, condução da política monetária e metas para inflação [Transparency, monetary policy and inflation goals]
Mendonça, Helder Ferreira de - In: Nova Economia 16 (2006) 1, pp. 175-198
Given that several countries have adopted inflation targeting, and that the main objective of this regime is to …
Persistent link: https://www.econbiz.de/10005784947
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Evolução da política do recolhimento compulsório no Brasil pós-real
Cavalcanti, Marco Antônio Freitas de Hollanda; Vonbun, … - 2013
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010230124
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O que mostram as demonstrações? : balanços e resultados dos bancos centrais
Silva, Antonio Carlos Macedo e - 2016
This paper deals with the financial statements of Central Banks. The starting point is the analysis of their balance sheets, which reveal their strong connections, on the one hand, with the National Treasuries; on the other hand, with the financial firms. The balance sheets reveal, besides the...
Persistent link: https://www.econbiz.de/10011530208
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Restaurar a credibilidade das fundações jurídica e económica da estabilidade financeira: A necessidade de incorporação de teorias econômicas?
Ojo, Marianne - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10015236999
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Regras de políticas monetária e fiscal no Brasil: Evidências empíricas de dominância monetária e dominância fiscal
de Mendonça, Mário Jorge Cardoso; Moreira, Tito … - 2017
seeks to explain why the rate of Inflation during 2015 remained on the rise even though the monetary policy imposed by …
Persistent link: https://www.econbiz.de/10011818884
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Política monetária, inflação e crescimento econômico: a influência da reputação da autoridade monetária sobre a economia
Montes, Gabriel Caldas - In: Revista Economia e Sociedade 37 (2009) 8, pp. 23-23
Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy … The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an … interest rate rule (under inflation targeting), may reach such a goal, it will present a worst outcome whether compared to a …
Persistent link: https://www.econbiz.de/10004985694
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METAS PARA INFLAÇÃO E VARIÁVEIS MACROECONÔMICAS: UMA AVALIAÇÃO EMPÍRICA
Mendonça, Helder Ferreira de - Associação dos Centros de Pós-Graduação em … - 2005
The main objective of this paper is to analyze if the adoption of inflation targeting implies changes in the behavior … fourteen countries that adopted explicit inflation targeting are shown. Furthermore, a particular analysis for the Brazilian … case through a VAR that considers the following variables: unemployment rate, Selic, inflation, industrial production, and …
Persistent link: https://www.econbiz.de/10005085794