Showing 1 - 10 of 11,281
We construct a new dataset on the presence of women on central bank monetary policy committees for a set of 103 … countries, over the period 2002-2016. We document an increasing share of women in monetary policy committees, which is mainly … associated with a higher overall presence of women in central banks and less so with other institutional factors or country …
Persistent link: https://www.econbiz.de/10012911353
This study examines volatility spillover dynamics among the S&P 500 index, the US 10-year Treasury yield, the US dollar index futures and the commodity price index. The focus of the study is to analyze effects of Fed's unconventional monetary policy on the US financial markets. We use realized...
Persistent link: https://www.econbiz.de/10012893224
We analyze the daily positions of 31 foreign Central Banks in U.S. interest rate futures markets between 2003 and 2011 for targeted hedging or informed profit-making decisions. Central Bank positions before the financial crisis of 2007-2009 are consistent with hedging some underlying balance...
Persistent link: https://www.econbiz.de/10013004584
We analyze the daily positions of 31 foreign Central Banks in U.S. interest rate futures markets between 2003 and 2011 to investigate whether such positions reveal targeted hedging or informed profit-making decisions. Central Bank positions before the financial crisis of 2007-2009 are consistent...
Persistent link: https://www.econbiz.de/10013047558
Persistent link: https://www.econbiz.de/10014492025
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt. This crisis regime is characterized by an...
Persistent link: https://www.econbiz.de/10011454083
result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash of 19 … market bubbles and its ensuing “lost decades”, the emerging markets bubbles and crashes in 1994 and 1997, the LTCM crisis of … 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …
Persistent link: https://www.econbiz.de/10009684129
uncertainty. Positive/negative bubbles arise when prior public beliefs about the aggregate productivity of producers (business …
Persistent link: https://www.econbiz.de/10013081636
We claim that we currently live in a banking regulatory bubble. We review how: i) banking intermediation theory hinges on dealing with borrower-lender asymmetry of information; ii) instead, the presence of complete information is the keystone of the finance theory. Next, we document how finance...
Persistent link: https://www.econbiz.de/10012890531