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Central banks' voting records, financial crisis and future monetary policy

Horváth, Roman; Jonášová, Júlia - 2014

republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous …

Persistent link: https://www.econbiz.de/10010461227

International monetary transmission with bank heterogeneity and default risk

Tsenova, Tsvetomira - 2013

This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...

Persistent link: https://www.econbiz.de/10011347736

Leaning against the wind policies on Vietnam's economy with DSGE model

Huynh, Phuc; Nguyen, Trang; Duong, Thanh; Pham, Duc - In: Economies : open access journal 5 (2017) 1, pp. 1-18

The global financial crisis of 2007-2008 had a negative impact on many countries, including Vietnam. Many policies have been applied to stabilize the macro-economic indicators. However, most of them are based on old qualitative models, which do not help policy makers understand deeply how each...

Persistent link: https://www.econbiz.de/10011610450

International Monetary Transmission with Bank Heterogeneity and Default Risk

Tsenova, Tsvetomira - 2013

Persistent link: https://www.econbiz.de/10013090744

Global financial crisis and euro zone enlargement

Dandashly, Assem (contributor) - 2010

Persistent link: https://www.econbiz.de/10008657467

Monetary and fiscal policy in times of crises : a new Keynesian perspective in continuous time

Hayo, Bernd; Niehof, Britta - 2014 - This version: October 27, 2014

To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic differential equations. Monetary policy is modelled...

Persistent link: https://www.econbiz.de/10010419528

The global capital flows cycle : structural drivers and transmission channels

Habib, Maurizio Michael; Venditti, Fabrizio - 2019

In this paper, we study the effects of structural shocks that influence global risk - the main factor behind a "global capital flows cycle" - and how risk, in turn, is transmitted to capital flows. Our results show that not all the risk shocks driving the global financial cycle have the same...

Persistent link: https://www.econbiz.de/10012009141

Weathering Global Shocks and Macrofinancial Vulnerabilities in Emerging Europe : Comparing Turkey and Poland

Eller, Markus - 2016

While both Turkey and Poland weathered the 2008/2009 crisis relatively well compared to other countries in Central … policy shock. Our Simulation results suggest that both Turkey and Poland exhibit pronounced short- to medium …-run macroeconomic responses to U.S. monetary policy shocks. The responses of Turkey tend to be somewhat stronger than those of Poland …

Persistent link: https://www.econbiz.de/10012993014

Optimal monetary policy under sudden stops

Cúrdia, Vasco (contributor) - 2008

Emerging market economies often face sudden stops in capital inflows or reduced access to the international capital market, a development that can cause serious disruptions in economic activity. This paper analyzes what monetary policy can accomplish in such an event. Optimal monetary policy...

Persistent link: https://www.econbiz.de/10003781480

Analysis of monetary policy responses after financial market crises in a continuous time New Keynesian Model

Hayo, Bernd; Niehof, Britta - 2014 - This version: 24 March 2014

We develop a dynamic stochastic full equilibrium New Keynesian model of two open economies based on stochastic differential equations to analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis. The effect of bubbles on stock and...

Persistent link: https://www.econbiz.de/10010336205

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