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The efficiency of early warning indicators for financial crises
Rabe, Jens Michael - 2000
potentialearly warning indicators that are suggested by theory. Alongsideothers, these candidate indicators are tested in …
Persistent link: https://www.econbiz.de/10009471830
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Testimony on Dollarization
Calvo, Guillermo A. - 2000
I was invited here to explain about Dollarization, the benefits and costs for the US and thecountries that adopt it. Before I start my formal presentation, I would like to state, in nouncertain terms, that I am a firm supporter of such system for many Emerging Market economies,EM, especially if...
Persistent link: https://www.econbiz.de/10009450720
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Money dynamics with multiple banks of issue : evidence from Spain 1856-1874
Nuño Barrau, Galo; Tedde de Lorca, Pedro; Moro, Alessio - 2011
Los bancos españoles tuvieron que realizar provisiones estadísticas contracíclicas en el período 2000-2004. Los bancos tenían que comunicar los importes de dichas provisiones al mercado. Esto crea un experimento natural que permite testar si los bancos suavizan el resultado para despistar a...
Persistent link: https://www.econbiz.de/10012530352
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Customer Markets and the Real Effects of Monetary Policy Shocks
Hristov, Nikolay - 2008
-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
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Corruption and Central Banks
Schinke, Michael - 2005
Central banks are viewed by the general public as reputable institutions, a perception bolstered by economic theory and … Drives Inflation. Chapter IV introduces a second model of a corrupt central banker, one who sells inside information … general seems to increase the inflation rate. My model of the corrupt central banker provides a new explanation of this effect …
Persistent link: https://www.econbiz.de/10009484798
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Central bank independence and policy coordination in a globalised world
Hernández de Cos, Pablo
Evento: International Symposium on Central Bank Independence. Organizado por: Sveriges Riksbank ; There needs to be an appropriate balance between globally-agreed decisions and national measures. This is the approach that has always been pursued by the Basel Committee. It comprises: (i) a common...
Persistent link: https://www.econbiz.de/10013523647
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The Implications of Aging for the Structure and Stability of Financial Markets
D’Arista, Jane - 2008
Aging populations have altered saving and investment patterns in many developed and emerging market economies. The structural changes that have occurred have important implications for financial stability and for the conduct of monetary policy. As assets and borrowing shifted from banks to...
Persistent link: https://www.econbiz.de/10009467882
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Fed communication on financial stability concerns and monetary policy decisions: revelations from speeches
Istrefi, Klodiana; Odendahl, Florens; Sestieri, Giulia
Este trabajo estudia el contenido de los discursos de los funcionarios de la Fed, poniendo el foco en la estabilidad financiera, desde 1997 hasta 2018. En él se desarrollan indicadores que miden tanto la intensidad como el tono de los discursos de los miembros de la Junta de Gobernadores y los...
Persistent link: https://www.econbiz.de/10012525972
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Hazardous times for monetary policy : what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?
Jiménez Zambrano, Gabriel; Saurina Salas, Jesús - 2008
We identify the impact of short-term interest rates on credit risk-taking by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Discrete choice, within borrower comparison and duration analyses show that...
Persistent link: https://www.econbiz.de/10012530228
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Fed´s financial stability concerns and monetary policy
Istrefi, Klodiana; Odendahl, Florens; Sestieri, Giulia
Summary of Banco de España Working Paper no. 2110
Persistent link: https://www.econbiz.de/10012670008