Narrow search
Showing 1 - 10 of 1,898
Cover Image
Investor heterogeneity and large-scale asset purchases
Breckenfelder, Johannes; De Falco, Veronica - 2024
Large-Scale Asset Purchases can impact the price of securities directly, when securities are targeted by the central bank, or indirectly through portfolio re-balancing of private investors. We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor...
Persistent link: https://www.econbiz.de/10014528264
Cover Image
Financial frictions and optimal monetary policy in an open economy
Kolasa, Marcin; Lombardo, Giovanni - 2011
A growing number of papers have studied positive and normative implications of financial frictions in DSGE models. We contribute to this literature by studying the welfare-based monetary policy in a two-country model characterized by financial frictions, alongside a number of key features, like...
Persistent link: https://www.econbiz.de/10009008186
Cover Image
Financial Frictions and Optimal Monetary Policy in an Open Economy
Kolasa, Marcin - 2011
A growing number of papers have studied positive and normative implications of financial frictions in DSGE models. We contribute to this literature by studying the welfare-based monetary policy in a two-country model characterized by financial frictions, alongside a number of key features, like...
Persistent link: https://www.econbiz.de/10013125365
Cover Image
Financial Frictions and Optimal Monetary Policy in an Open Economy
Kolasa, Marcin - 2016
A growing number of papers have studied positive and normative implications of financial frictions in DSGE models. We contribute to this literature by studying the welfare-based monetary policy in a two-country model characterized by financial frictions, alongside a number of key features, like...
Persistent link: https://www.econbiz.de/10013008558
Cover Image
Putting the Emu Integration into a New Perspective : The Case of Capital Market Holdings
Palaiodimos, Georgios - 2022
This article investigates by means of an augmented gravity model, the impact of EMU on financial market integration across time by assessing its effect on capital (equities and bonds) holdings. We contribute to the respective literature by investigating this effect from a global perspective and...
Persistent link: https://www.econbiz.de/10014030226
Cover Image
The impact of deposit dollarization on financial deepening
Court, Eduardo; Ozsoz, Emre; Rengifo, Erick W. - In: Emerging markets finance & trade : a journal of the … 48 (2012) 6, pp. 39-52
Persistent link: https://www.econbiz.de/10009721137
Cover Image
Financial development and dollarization in Ghana : an empirical investigation
Tweneboah, George; Gatsi, John Garchie; Asamoah, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-21
This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the … 2002 to March 2016. The evidence suggests that dollarization shares a common stochastic trend with exchange rates … exchange rate depreciation and financial development in the evolution of dollarization. Whereas depreciation induces a switch …
Persistent link: https://www.econbiz.de/10014232353
Cover Image
SFX interventions, financial intermediation, and external shocks in emerging economies
Carrasco, Alex; Hoyle, David Florian; Nivin, Rafael - 2019 - This draft: December 2019
Persistent link: https://www.econbiz.de/10012153497
Cover Image
Inflation risk and the finance-growth nexus
Corhay, Alexandre; Tong, Jincheng - 2021
This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial intermediation sector. When firms finance using nominal long-term debt issued by financial intermediaries, unexpected changes in inflation lead to a wealth transfer across sectors. Higher...
Persistent link: https://www.econbiz.de/10012595351
Cover Image
Addressing private sector currency mismatches in emerging Europe
Zettelmeyer, Jeromin; Nagy, Piroska Mohácsi; Jeffrey, … - 2010
This paper provides a survey of the theoretical and empirical literature on the dollarisation of corporate and household liabilities; presents evidence on the causes of FX lending specifically in transition economies; and proposes a set of criteria to help decide on the right policy response...
Persistent link: https://www.econbiz.de/10003971877