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Persistent link: https://www.econbiz.de/10009688302
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on the interest rate agreed. Other additional aspects,...
Persistent link: https://www.econbiz.de/10010325101
present. The issuance of interest-bearing liabilities was a central element that gave the BCRA operational autonomy to …
Persistent link: https://www.econbiz.de/10014546021
In this paper we examine how the balance-of-payments constraint can limit output and income distribution in a small economy open to both commercial and financial flows, as well as constrain fiscal and monetary policies. We do so by extending a Sraffian supermultiplier growth model to consider...
Persistent link: https://www.econbiz.de/10014546056
, respecto a las TLTRO III del Banco Central Europeo, la participación de las entidades fue escasa en la subasta de septiembre, y …
Persistent link: https://www.econbiz.de/10012523820
major central banks in advanced economies in response to the global financial crisis. Second, it sets out the risks …
Persistent link: https://www.econbiz.de/10012529554
Este documento ocasional recoge dos textos que el autor ha publicado recientemente en memoria de Luis Ángel Rojo, cuya vida profesional estuvo estrechamente vinculada al Banco de España y que falleció en mayo de 2011. El primer artículo es la contribución del autor a un libro colectivo, que...
Persistent link: https://www.econbiz.de/10012529574
Almost four years after the collapse of Lehman Brothers, the monetary policy stance in most advanced economies remains extraordinarily loose, with policy rates close to zero and a number of non-conventional stimuli still in place. The resulting prominence of monetary policy responds, first, to...
Persistent link: https://www.econbiz.de/10012529577
baja inflación, con tasas bastante alejadas del objetivo del banco central en las últimas décadas. En este documento se … rates well below the central bank’s target in recent decades. This document ... …
Persistent link: https://www.econbiz.de/10012588242
Durante los meses de marzo y abril de 2020, el Banco Central Europeo (BCE) tomó una serie de medidas de política … and April 2020, the European Central Bank adopted a series of monetary policy measures aimed at providing liquidity … framework for monetary policy operations, studies the measures adopted in this connection by the European Central Bank and the …
Persistent link: https://www.econbiz.de/10012666473