Similar Search Results

Managing financial market expectations: The role of central bank transparency and central bank communication

Neuenkirch, Matthias - 2010

In this paper, we study the influence of central bank transparency and informal central bank communication on the money market adjustment process between two interest rate decisions. The sample covers nine major central banks for the period from January 1999 to July 2007. We find, first, that...

Persistent link: https://www.econbiz.de/10010281466

Systemic risk in a network model of interbank markets with central bank activity

Georg, Co-Pierre; Poschmann, Jenny - 2010

The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...

Persistent link: https://www.econbiz.de/10010269747

A double-edged sword: High interest rates in capital-control regimes

2009

Persistent link: https://www.econbiz.de/10014306479

Central bank transparency and financial market expectations: The case of emerging markets

Neuenkirch, Matthias - 2011

In this paper, we study the influence of central bank transparency on the formation of money market expectations in emerging markets. The sample covers 25 countries for the period from January 1998 to December 2009. We find, first, that transparency reduces the bias (the difference between the...

Persistent link: https://www.econbiz.de/10010286374

Central Bank accountability and transparency: theory and some evidence

Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000

System). In the second part, we present a theory of central bank accountability. Two aspects of accountability are considered … Japan, Bank of England und Federal Reserve System). Im zweiten Teil stellen wir eine Theorie über die Rechenschaftspflicht … Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …

Persistent link: https://www.econbiz.de/10010295694

Monetary policy predictability in the euro area: an international comparison

Wilhelmsen, Bjørn-Roger; Zaghini, Andrea - 2005

The paper evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in 13 other countries. First, by looking at the magnitude and the volatility of the changes in the money market rates we show that the days of policy meetings are special days for...

Persistent link: https://www.econbiz.de/10011604550

Managing monetary policy facing U.S. external constraint and internal macroeconomic divergences: The case of the Western European Central Banks in the 1980s

Reichart, Alexandre - In: The Journal of European Economic History (JEEH) 53 (2024) 1, pp. 47-96

This paper offers a narrative description of Western European monetary policies during the 1980s, seen from a French and European perspective and based on the archives of the General Council of the Bank of France and of the Committee of Governors (CoG) of the central banks of the member states...

Persistent link: https://www.econbiz.de/10015206902

The Political and Technical Aspects of Controlling Inflation

Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...

Persistent link: https://www.econbiz.de/10014334696

Reversing the Great Monetary Expansion

Angeloni, Ignazio - In: Intereconomics 58 (2023) 3, pp. 142-147

Persistent link: https://www.econbiz.de/10014334698

Global Inflation and Global Monetary Policy Tightening: Implications for the Euro Area

Moessner, Richhild; Xia, Fan Dora; Zampolli, Fabrizio - In: Intereconomics 58 (2023) 3, pp. 151-154

Persistent link: https://www.econbiz.de/10014334700