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Basel III and responding to the recent Financial Crisis: progress made by the Basel Committee in relation to the need for increased bank capital and increased quality of loss absor...

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

Accord, Basel II, evolved to a form of meta regulation – a type of regulation which involves the risk management of internal …

Persistent link: https://www.econbiz.de/10008646772

Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates

BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014

This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...

Persistent link: https://www.econbiz.de/10011110135

Volatility of the Capital Flows and Structural Breaks in Latin America and the Caribbean

Delblanco, Fernando Andrés; Fioriti, Andrés - In: Económica LVIII (2012) January-December, pp. 23-51

This paper studies the presence of structural breaks in the capital flows of sixteen economies of Latin America using the unit test root by Zivot and Andrews (1992). It is complemented by the structural breaks test by Bai Perron (1998). Afterwards, an analysis of the likelihood of...

Persistent link: https://www.econbiz.de/10010607798

Risk news shocks and the business cycle

Pinter, Gabor; Theodoridis, Konstantinos; Yates, Tony - Bank of England - 2013

We identify a ‘risk news' shock in a vector autoregression (VAR), modifying Barsky and Sims’s procedure, while … incorporating sign restrictions to simultaneously identify monetary policy, technology and demand shocks. The VAR-identifed risk … news shock is estimated to account for around 2%-12% of business cycle fluctuations depending on which risk proxy we use …

Persistent link: https://www.econbiz.de/10010839036

Globalisation effect measure via hierarchical dynamic factor modelling

Reklaite, Agne - Instytut Badañ Gospodarczych (IBG) - 2015

In this paper the issue of globalisation and deteriorating precision of domestically oriented frameworks is addressed. A hypothesis that the effect of international trends on the growth of economy is increasing over time is formed. In order to validate this a method of composing foreign series...

Persistent link: https://www.econbiz.de/10011249472

Corporate Savings and the 2007-2009 Financial Crisis: A Warning for the European Banking Union

Scarano, Giovanni - In: Rivista di Politica Economica (2014) 2, pp. 183-195

The final step of the European banking union process should be the single deposit guarantee mechanism (SDM) able to allow for bail-in of the banks while the saving system is rescued.If the effectiveness of bank deposit insurance depends on the nature of the financial crisis and the corporate...

Persistent link: https://www.econbiz.de/10010858748

Credit, Financial Stability, and the Macroeconomy

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2015

Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a...

Persistent link: https://www.econbiz.de/10011213304

Price stability and financial imbalances: rethinking the macrofinancial framework after the 2007-8 financial crisis

Panzera, Fabio S. - Faculté des sciences économiques et sociales - … - 2011

During the two decades preceding the 2007-8 financial crisis, both advanced and emerging market economies experienced larger credit growth and asset price fluctuations than in the more distant past. These phenomena were largely due to the establishment of credible inflation targeting regimes,...

Persistent link: https://www.econbiz.de/10010547024

The role of monetary policy in matters relating to financial stability: Monetary policy responses adopted during the most recent Financial Crisis

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

As well as providing an analysis of how financial stability could be sustained through the appropriate targeting of policy instruments at debt gearing, this paper aims to provide an overview of the respective roles which governments and shareholders could assume in deterring financial...

Persistent link: https://www.econbiz.de/10008740556

La hipótesis de inestabilidad financiera de Minsky en una economía abierta

Melo, Jimmy - UNIVERSIDAD NACIONAL DE COLOMBIA SEDE MEDELLIN - 2012

Este artículo busca ampliar el análisis de Minsky para el caso de una economía abierta y muestracomo los flujos de capital amplifican los desequilibrios acumulados a lo largo del boom deinversión, lo cual hace que la economía sea más frágil y propensa a crisis. Se establece la...

Persistent link: https://www.econbiz.de/10010828019

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