Narrow search
Showing 1 - 10 of 316
Cover Image
Liquidity, term spreads and monetary policy
Aksoy, Yunus; Basso, Henrique S. - 2012
We propose a model that delivers endogenous variations in term spreads driven primarily by banks’ portfolio decision and their appetite to bear the risk of maturity transformation. We first show that fluctuations of the future profitability of banks’ portfolios affect their ability to cover...
Persistent link: https://www.econbiz.de/10012530386
Cover Image
The term structure of interest rates in a heterogeneous monetary union
Costain, James; Nuño, Galo; Thomas, Carlos
Es difícil cuadrar la reacción asimétrica de las curvas de tipos en el área del euro tras el anuncio del programa de compras de emergencia frente a la pandemia (PEPP, por sus siglas en inglés) del Banco Central Europeo (BCE) con la interpretación ortodoxa de los efectos de las compras de...
Persistent link: https://www.econbiz.de/10013272233
Cover Image
Optimal monetary policy rules : theory and estimation for OECD countries
Zhang, Wenlang - 2004
This dissertation focuses on monetary policy rules in the OECD countries at both theoretical and empirical levels. It is divided into seven chapters.Chapter 1 presents some recent literature on monetary policy rules and introduces the goal and organization of this dissertation.Chapter 2 explores...
Persistent link: https://www.econbiz.de/10009452583
Cover Image
The Federal Reserve review of its monetary policy framework
Párraga, Susana; Río López, Pedro del; Vega …
Artículo de revista ; This article offers an overview of the monetary policy framework review currently being conducted by the United States Federal Reserve (Fed). First, we examine the alternative strategies under consideration to address the likely greater incidence of episodes in which...
Persistent link: https://www.econbiz.de/10012523907
Cover Image
Making room for the needy : the credit-reallocation effects of the ECB’s corporate QE
Arce Hortigüela, Óscar Javier; Gimeno Nogués, Ricardo; … - 2017
that do not issue bonds. Specifically, we find that around 78% of the drop in loans previously given to bond issuers was …
Persistent link: https://www.econbiz.de/10012530585
Cover Image
El efecto de los programas de compras de activos del Banco Central Europeo en las cuentas públicas de España
Aguilar, Pablo; Alloza, Mario; Costain, James; Hurtado, …
This paper empirically quantifies the effect on Spain’s public finances of the asset purchase programmes implemented in the euro area between 2015 and 2022. Specifically, it evaluates the impact of the ECB’s Asset Purchase Programme (APP) and Pandemic Emergency Purchase Programme (PEPP) on...
Persistent link: https://www.econbiz.de/10014502662
Cover Image
The effect of the European Central Bank’s asset purchase programmes on Spain’s public finances
Aguilar, Pablo; Alloza, Mario; Costain, James; Hurtado, …
Este documento ofrece una cuantificación empírica del efecto sobre las cuentas públicas en España de los programas de compras de activos implementados en el área del euro entre 2015 y 2022. En particular, se evalúa el impacto sobre los ingresos, los gastos, el déficit y la deuda pública...
Persistent link: https://www.econbiz.de/10014502664
Cover Image
The impact of sovereign debt purchase programms. A case study: the Spanish-to-Portuguese bond yield spread
Cerezo, Fernando; Girón, Pablo; González-Pérez, María T.
diferenciales de rendimiento de los bonos observada desde 2020. ; This paper studies the impact of the sovereign bond purchase … programmes implemented by the ECB since 2014, focusing on the dynamics of Spain to Portugal’s sovereign bond yield spread. The … analysis confirms that, although fundamental fiscal, macroeconomic, and financial factors effectively explain the bond yield …
Persistent link: https://www.econbiz.de/10014577613
Cover Image
The Shingo Prize for Operational Excellence: Rewarding World-Class Practices
Chakravorty, Satya S.; Atwater, J. Bryan; Herbert, James I. - 2008
Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …
Persistent link: https://www.econbiz.de/10009459022