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Central bank communication in the financial crisis : evidence from a survey of financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2014 - This version: 9 January 2014
In this paper, we study whether central bank communication has a positive effect on market participants' perception of … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10010356195
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Central bank communication in the financial crisis : evidence from a survey of financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2014 - This version: 9 January 2014
In this paper, we study whether central bank communication has a positive effect on market participants’ perception of … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10010226327
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Central Bank Communication in the Financial Crisis : Evidence from a Survey of Financial Market Participants
Hayo, Bernd - 2014
In this paper, we study whether central bank communication has a positive effect on market participants' perception of … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10013061231
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Systemic Importance of Central Bank Communication : ECB Policy Announcements and Systemic Risk in the Eurozone
Möller, Rouven - 2020
This paper studies central bank communication of the ECB as a potential factor that explains the contribution to … able to use central bank communication to effectively steer private sector expectations in such a way that it has a robust … to be more sensitive towards the effects of central bank communication. More specifically, larger banks and highly …
Persistent link: https://www.econbiz.de/10012829038
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Announcements of ECB unconventional programs : implications for the sovereign risk of Italy
Falagiarda, Matteo; Reitz, Stefan - 2013
This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and classified with respect to the specific ECB...
Persistent link: https://www.econbiz.de/10009783711
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Financial stability governance and central bank communications
Londono, Juan M.; Claessens, Stijn; Correa, Ricardo - 2021
Persistent link: https://www.econbiz.de/10012700483
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Central Bank Information Shocks, Value Gains, and Value Crashes
Adra, Samer; Menassa, Elie - 2021
Monetary policy shocks that convey new macroeconomic information are significant predictors of both the absolute and risk-adjusted returns from value investing. Positive Fed information shocks lead to higher subsequent value returns. Crashes in the returns of value investing are most likely to...
Persistent link: https://www.econbiz.de/10013231644
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From Free Markets to Fed Markets : How Unconventional Monetary Policy Impacts Equity Markets
Putniņš, Tālis J. - 2020
In response to the COVID-19 pandemic, the US Federal Reserve almost doubled its balance sheet by adding $3 trillion of assets (13% of GDP) in the space of three months, constituting the most aggressive unconventional monetary policy on record. We show that these actions had a substantial effect...
Persistent link: https://www.econbiz.de/10012831878
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Central banks : paradise lost
Issing, Otmar - 2012
Persistent link: https://www.econbiz.de/10009554282
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Central Bank transparency and financial stability : measurement, determinants and effects
Horváth, Roman; Vasko, Dan - 2013
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find that the degree of transparency increased in the 2000s,...
Persistent link: https://www.econbiz.de/10011374311