Similar Search Results

Effect of Monetary Policies on the Relationship between Advertising and Mutual Fund Flows

Wu, Ming-Hung - 2017

between advertising and subsequent net cash flows for Taiwan's mutual fund industry. Based on a comprehensive mutual fund … dataset and allowing for a precise estimation of fund inflows and outflows, we find that there is positive advertising … advertising works well during relatively low interest rate environments, which are generally interpreted as exhibiting low cost of …

Persistent link: https://www.econbiz.de/10012956355

The effect of monetary policies on the relationship between advertising and mutual fund flows

Wu, Ming-Hung; Tsai, Wei-Che; Chen, Miao-Ling - In: Asia-Pacific journal of financial studies 45 (2016) 5, pp. 673-704

Persistent link: https://www.econbiz.de/10011630771

Price bargaining, the persistence puzzle, and monetary policy

Wesselbaum, Dennis - 2010

In the recent New Keynesian literature a standard assumption is that the price for which an intermediate good is sold to the final good firm is equal to the marginal costs of the intermediate good firm. However, there is empirical evidence that this need not to hold. This paper introduces price...

Persistent link: https://www.econbiz.de/10003971894

Banking behaviour and political business cycle in Africa : the role of independent regulatory policies of the central bank

Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024

This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...

Persistent link: https://www.econbiz.de/10014514254

Imperfect Bank Competition, Borrower Adverse Selection, and the Transmission of Monetary Policy

Cantillo, Miguel - 2023

This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full competition is suboptimal due to this last effect; that...

Persistent link: https://www.econbiz.de/10014355959

Entry and Fiscal Policy Effectiveness in a Small Open Economy within a Monetary Union

Costa, Luís F. - 2008

In this article I develop an imperfectly competitive dynamic general equilibrium model for a small open economy integrated in a monetary union. Here, the type of entry in the non-traded goods' sector affects fiscal policy effectiveness. Fiscal policy effectiveness is enlarged when aggregate...

Persistent link: https://www.econbiz.de/10012773697

Inflation, Markups and Monetary Policy

Jonsson, Magnus - 2006

The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is quantified in a 2-sector dynamic general equilibrium model. How this relationship is affected by monetary policy is also studied. We find that the correlation is in general positive...

Persistent link: https://www.econbiz.de/10012733507

Loss Averse Depositors and Monetary Policy Around Zero

Stettler, Christian - 2020

Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on to wholesale depositors, such as insurances and pension funds. Yet, they refrain from charging negative rates to ordinary retail customers. This paper asks whether the existing...

Persistent link: https://www.econbiz.de/10012837225

Coordinated Effects in Monetary Policy

Schinkel, Maarten Pieter - 2018

Monetary policy affects the cost of capital, and thereby conditions for collusion in loan markets - which in turn influence the transmission of policy rates. Stronger countercyclical interest rate policy responses increase the scope for bank cartels on loan markets by decreasing the critical...

Persistent link: https://www.econbiz.de/10012918037

Optimal Bank Transparency

Moreno, Diego - 2015

Consider a competitive bank whose illiquid asset portfolio is funded by short-term debt that has to be refinanced before the asset matures. We show that in this setting maximal transparency is not socially optimal, and that the existence of social externalities of bank failures further lowers...

Persistent link: https://www.econbiz.de/10013037132