Showing 1 - 10 of 586
supply of credit as well as the influence of such policies on the aggregate investment through the credit channel in Brazil … interested in understanding the effects of monetary policies and prudential regulation on aggregate investment through the credit … autoregressive (VAR). Findings – The results suggest that monetary policies and prudential regulation affect aggregate investment …
Persistent link: https://www.econbiz.de/10014864675
Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...
Persistent link: https://www.econbiz.de/10014608656
monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … maturity of the inflation targeting regime affect the supply of credit. Design/methodology/approach – The paper offers a review … the credit channel, it develops a theoretical model based on Bernanke and Blinder and Ferreira and it seeks empirical …
Persistent link: https://www.econbiz.de/10014864360
Purpose The purpose of this paper is, first, to show how certain bank capitalists in an Asian country (AC) make credit … decisions and what methods they use to justify their irrational investment decisions, and second, to investigate why they make … such unproductive investment decisions. Design/methodology/approach The research adopts the case-study methodology, using …
Persistent link: https://www.econbiz.de/10014988404
Supervision looms closer, banks are battling to make their credit risk management systems compliant. But the majority are looking …
Persistent link: https://www.econbiz.de/10014689160
This paper examines the monetary transmission mechanism in Egypt against the background of the central bank's intention to shift to inflation targeting. It first describes the changing transmission channels over the last decade. Second, the channels are evaluated in a VAR model. The exchange...
Persistent link: https://www.econbiz.de/10014618769
Inflation targeting (IT) has recently become the dominant monetary policy prescription over the last decade. Emerging markets governments, in particular, are increasingly pressured to follow IT as part of their IMF-led stabilization packages and the routine rating procedures of the international...
Persistent link: https://www.econbiz.de/10014618778
Purpose – The purpose of this paper is to make an analysis of the Brazilian experience after the adoption of inflation targeting concerning the effects caused by the new practices of transparency and communication in the monetary policy. Design/methodology/approach – Changes in the financial...
Persistent link: https://www.econbiz.de/10014863354
Purpose This paper relates to the literature on central bank (CB) transparency and inflation uncertainty. Considering that opacity is a possible source for inflation uncertainty the purpose of this paper is to test the hypothesis that increase in the dispersion of the degree of CB opacity...
Persistent link: https://www.econbiz.de/10014864513
Purpose – The Ghanaian economy has experienced relative stability, improved macroeconomic performance and resilience over the past few years, following the introduction of a new monetary policy framework called inflation targeting (IT). The purpose of this paper is to look at IT and its effect...
Persistent link: https://www.econbiz.de/10014866856