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Why Central Banks Should Not Burst Bubbles
Posen, Adam S. - 2006
Central banks should not be in the business of trying to prick asset price bubbles. Bubbles generally arise out of some … bubbles and more of the third in real estate booms). Accordingly, the connection between monetary conditions and the rise of … bubbles is rather tenuous, and anything short of inducing a recession by tightening credit conditions prohibitively is …
Persistent link: https://www.econbiz.de/10014059767
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When Does the Fed Care About Stock Prices?
Kurov, Alexander - 2019
We use a predictable change in the intraday volatility of index futures to identify the effect of stock returns on monetary policy. This identification approach relies on a weaker set of assumptions than required under identification through heteroskedasticity based on lower frequency data. Our...
Persistent link: https://www.econbiz.de/10012898434
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Financial Stability, Monetary Policy, Banking Supervision, and Central Banking
Hellwig, Martin F. - 2014
The paper gives an overview over issues concerning the role of financial stability in monetary policy and the relation between banking supervision and central banking. Following a brief account of developments in the European Monetary Union since its creation, the systematic treatment contains...
Persistent link: https://www.econbiz.de/10013049671
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The Social Fabric Matrix Approach to Central Bank Operations- An Application to the Federal Reserve and the Recent Financial Crisis
Fullwiler, Scott - 2015
This chapter utilizes the social fabric matrix approach (SFM-A) to provide a detailed description of the Federal Reserve's (Fed's) daily operations and the recent financial crisis. The SFM of the Fed's operations presents the primary components- major norms, institutions, technologies- relevant...
Persistent link: https://www.econbiz.de/10013037851
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Greenspan’s Legacy and Bernanke’s Attitude to the Financial Crisis
Ryan, John; Koronowski, Adam - 2009
the growth of asset price bubbles. Finally we examine the policies of the former chairman of the Fed Alan Greenspan (1987 …
Persistent link: https://www.econbiz.de/10014203722
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The Greenspan Federal Reserve Role in the Financial Crisis
John, Ryan - 2009
The Federal Reserve System or the Fed is one of the most prestigious institutions in the world. Founded by the Federal Reserve Act in 1913, the Fed has the responsibility of setting the monetary policy of the U.S. The Fed's actions affect the money supply in the U.S. market which has a direct...
Persistent link: https://www.econbiz.de/10014210394
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Money, stock prices and central banks : cross-country comparisons of cointegrated VAR models
Belke, Ansgar; Wiedmann, Marcel - 2013
In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies - namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil - in the Cointegrated...
Persistent link: https://www.econbiz.de/10010255144
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Monetary policy, stock prices and central banks cross-country comparisons of cointegrated VAR models
Belke, Ansgar; Wiedmann, Marcel - 2013
In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies – namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil – in the Cointegrated...
Persistent link: https://www.econbiz.de/10009779040
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Central banks : paradise lost
Issing, Otmar - 2012
Persistent link: https://www.econbiz.de/10009554282
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Interaction between monetary policy and bank regulation : lessons for the ECB
Dąbrowski, Marek - 2016
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro-prudential supervision of the largest Euro area banks. These new tasks should help complete financial integration, and make the Euro area more resilient to financial instability risks. However, the...
Persistent link: https://www.econbiz.de/10011455880