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Banking and the Macroeconomy in China: A Banking Crisis Deferred?
Le, Vo Phuong Mai; Matthews, Kent Gerard; Meenagh, David; … - Economics Section, Cardiff Business School - 2013
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed. This paper develops a model of the Chinese economy using a DSGE framework with a banking sector to shed light on this episode. It differs from other applications in the use of...
Persistent link: https://www.econbiz.de/10010763976
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China’s financial crisis – the role of banks and monetary policy
Le, Vo Phuong Mai; Matthews, Kent Gerard; Meenagh, David; … - Economics Section, Cardiff Business School - 2015
of crises shows that crises occur on average about every half-century, with about a third accompanied by financial crises …
Persistent link: https://www.econbiz.de/10011122614
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Banking and the Macroeconomy in China: A Banking Crisis Deferred?
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - C.E.P.R. Discussion Papers - 2013
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed. This paper develops a model of the Chinese economy using a DSGE framework with a banking sector to shed light on this episode. It differs from other applications in the use of...
Persistent link: https://www.econbiz.de/10011084147
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Monetarism rides again? US monetary policy in a world of Quantitative Easing
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick - C.E.P.R. Discussion Papers - 2014
This paper gives money a role in providing cheap collateral in a model of banking; this means that, besides the Taylor Rule, monetary policy can affect the risk-premium on bank lending to firms by varying the supply of M0 in open market operations, so that even when the zero bound prevails...
Persistent link: https://www.econbiz.de/10011084208
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What causes banking crises? An empirical investigation for the world economy
Le, Vo Phuong Mai; Meenagh, David; Minford, A. Patrick L.; … - Economics Section, Cardiff Business School - 2013
role. Crises occur when there is a 'run' of bad shocks; based on this sample Great Recessions occur on average once every … quarter century. Financial shocks on their own, even when extreme, do not cause crises - provided the government acts swiftly …
Persistent link: https://www.econbiz.de/10010903794
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Monetarism rides again? US monetary policy in a world of Quantitative Easing
Le, Vo Phuong Mai; Meenagh, David; Minford, A. Patrick L. - Economics Section, Cardiff Business School - 2014
This paper gives money a role in providing cheap collateral in a model of banking; besides the Taylor Rule, monetary policy can affect the risk-premium on bank lending to firms by varying the supply of M0, so at the zero bound monetary policy is effective; fiscal policy crowds out investment via...
Persistent link: https://www.econbiz.de/10010942756
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Banking and the macroeconomy in China: A banking crisis deferred?
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - 2013
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed. This paper develops a model of the Chinese economy using a DSGE framework with a banking sector to shed light on this episode. It differs from other applications in the use of...
Persistent link: https://www.econbiz.de/10010397727
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Monetarism rides again? US monetary policy in a world of Quantitative Easing
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick - 2014
This paper gives money a role in providing cheap collateral in a model of banking; besides the Taylor Rule, monetary policy can affect the risk-premium on bank lending to firms by varying the supply of M0, so at the zero bound monetary policy is effective; fiscal policy crowds out investment via...
Persistent link: https://www.econbiz.de/10010504465
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China's financial crisis - the role of banks and monetary policy
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - 2015
of crises shows that crises occur on average about every half-century, with about a third accompanied by financial crises …
Persistent link: https://www.econbiz.de/10010504467
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Monetarism rides again? : US monetary policy in a world of quantitative easing
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick - 2014
This paper gives money a role in providing cheap collateral in a model of banking; besides the Taylor Rule, monetary policy can affect the risk-premium on bank lending to firms by varying the supply of M0, so at the zero bound monetary policy is effective; fiscal policy crowds out investment via...
Persistent link: https://www.econbiz.de/10010429162