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Credit cycles and central bank policy in Croatia : lessons from the 2000s
Dumičić, Mirna; Šošić, Vedran - In: Financial cycles and real economy : lessons for CESEE …, (pp. 96-113). 2014
Persistent link: https://www.econbiz.de/10010437971
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Monetary policy in Croatia during two recessions
Vidaković, Neven - In: Macroeconomic responses to the COVID-19 pandemic : …, (pp. 187-208). 2021
The paper compares the monetary policy in Croatia during two crises: the great recession and the COVID pandemic. The … great recession was a global financial shock that strongly affected Croatia. During the great recession, the central bank … policies to strengthen the quality and inclusiveness of monetary policy in Croatia. …
Persistent link: https://www.econbiz.de/10012608994
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The Bernanke Fed and 'Credit Easing' Policies
Butos, William - 2015
In the aftermath of the financial crisis the Fed pursued a “near zero” overnight interest floor and initiatives to manipulate the size and composition of central bank assets. Bernanke referred to this policy as “credit easing.” I overview the succession of unconventional Fed measures...
Persistent link: https://www.econbiz.de/10013021246
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An overview of the Fed's new credit policy tools and their cushioning effect on the COVID-19 recession
Bordo, Michael D.; Duca, John V. - In: Journal of government and economics : JGE 3 (2021), pp. 1-10
The economics literature lacks articles that provide a broad roadmap-let alone a logical explanation-of the new set of Federal Reserve policy tools that were created to counter the COVID-19 recession. This study provides an overview of the motivation for these new credit-easing programs-namely...
Persistent link: https://www.econbiz.de/10012800421
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Market Effects of Central Bank Credit Markets Support Programs in Europe
Kitsul, Yuriy; Sokolinskiy, Oleg; Wright, Jonathan H. - 2022
Using responses of credit default swap indexes to ECB monetary policy announcements, we isolate a novel credit policy component of monetary policy surprises. We examine how such unconventional monetary policy surprises affect investor perceptions of credit risk and the functioning of primary...
Persistent link: https://www.econbiz.de/10014239580
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Asset Fire Sales and Credit Easing
Shleifer, Andrei - 2010
In a January 2009 lecture on the financial crisis, Federal Reserve Chairman Bernanke advocated a new Fed policy of credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit markets, and buying of long term securities. We show that...
Persistent link: https://www.econbiz.de/10013149345
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The impact of ECBs conventional and unconventional monetary policies on European banking indexes returns
Perdichizzi, Salvatore - 2017
This paper investigates how conventional and unconventional monetary policies announcements affect European banking indexes returns through an event-study analysis. We use data of 11 European banking indexes for the periods 1999-2015. We examine the state dependency of such effects and focus on...
Persistent link: https://www.econbiz.de/10011776487
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Did QE Lead Banks to Relax Their Lending Standards? Evidence from the Federal Reserve's Lsaps
Kurtzman, Robert J.; Luck, Stephan; Zimmermann, Tom - 2017
Using confidential loan officer survey data on lending standards and internal risk ratings on loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending standards and risk-taking. We exploit cross-sectional variation in banks? holdings of mortgage-backed securities to...
Persistent link: https://www.econbiz.de/10014352384
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The CNB's Foreign Exchange Reserve Management and Changes to it Since 2017
Mora, Marek - 2019
The foreign exchange reserves of the Czech National Bank (CNB) increased roughly three and a half times to EUR 124.6 billion while the exchange rate commitment was in place between November 2013 and April 2017. This unprecedented growth has led the CNB to review how the reserves are managed....
Persistent link: https://www.econbiz.de/10012857994
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Supervisory and statistical granular data modelling at the Croatian National Bank
Bašić, Ines - 2017
already implemented integrated "statistical" and supervisory reporting requirements at a granular level. Croatia is one of … these countries. Moreover, Croatia has been able to produce a local "AnaCredit" system on a loan-by-loan basis for legal …, described and explained, and where examples and the methodologies used are provided. In Croatia, the CNB Banks' Integrated …
Persistent link: https://www.econbiz.de/10011745807