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Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
Frost, Joshua; Logan, Lorie; Martin, Antoine; McCabe, … - Federal Reserve Board (Board of Governors of the … - 2015
We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors,...
Persistent link: https://www.econbiz.de/10011255343
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A Theory of Linkage between Monetary Policy and Banking Failure in Developing Countries
Cadet, Raulin Lincifort - Volkswirtschaftliche Fakultät, … - 2006
This paper presents a model of the banking sector that maximize profit and an individual bank which is a price taker, in a developing country. The interest rate on treasury bills is included in the model to measure monetary policy. The mathematical expression of the probability of banking...
Persistent link: https://www.econbiz.de/10005260080
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Overnight RRP operations as a monetary policy tool: some design considerations
Martin, Antoine; Remache, Julie Ann; Frost, Joshua; … - Federal Reserve Bank of New York - 2015
We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors,...
Persistent link: https://www.econbiz.de/10011184286
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Is bank debt special for the transmission of monetary policy? Evidence from the stock market
Ippolito, Filippo; Ozdagli, Ali K.; Orive, Ander Pérez - Department of Economics and Business, Universitat … - 2013
floating-rates in bank loans and credit line agreements. …
Persistent link: https://www.econbiz.de/10010849624
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Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market
Ippolito, Filippo; Ozdagli, Ali K.; Perez, Ander - Barcelona Graduate School of Economics (Barcelona GSE) - 2013
floating-rates in bank loans and credit line agreements. …
Persistent link: https://www.econbiz.de/10010851324
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Bank Lending, Risk Taking, and the Transmission of Monetary Policy: New Evidence for Colombia
Nidia, Ruth Reyes; José Eduardo Gómez G.; Joya, Jair Ojeda - Banco de la Republica de Colombia - 2013
We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks’ balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending channel (and the risk-taking channel)...
Persistent link: https://www.econbiz.de/10010862659
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Bank risks, monetary shocks and the credit channel in Brazil: identification and evidence from panel data.
Ramos-Tallada, J. - Banque de France - 2015
ways. First, I apply a micro-founded strategy for disentangling demand from supply shifts in credit. Using this … period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the …
Persistent link: https://www.econbiz.de/10011269008
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Banks' regulatory buffers, liquidity networks and monetary policy transmission
Merkl, Christian; Stolz, Stéphanie - Deutsche Bundesbank - 2006
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...
Persistent link: https://www.econbiz.de/10005082776
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Bank Lending and Monetary Policy Transmission in Austria
Burgstaller, Johann - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 2, pp. 163-185
This paper examines the role of banks in the propagation process of monetary policy actions. Testable hypotheses are deduced from the theory of the lending channel, which argues that after a policy-induced drain of funds from the banking sector, some (types of) institutions are unable or...
Persistent link: https://www.econbiz.de/10008457203
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Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission
Merkl, Christian; Stolz, Stéphanie - Institut für Weltwirtschaft (IfW) - 2006
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...
Persistent link: https://www.econbiz.de/10005818925