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Financial Innovation and its Impact on Reserve Bank Policies
Mishra, P. K. - 2016
environment in which Reserve Bank implements its policies. This paper tries to explore the specific impact of financial innovation … on the monetary transmission mechanism, and hence the capacity of Reserve Bank to stabilise the economy and promote long … policies. Financial innovation puts effect on the policies of Reserve Bank through interest rate, credit and exchange rate …
Persistent link: https://www.econbiz.de/10013008989
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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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The unfolding turmoil of 2007 - 2008 : lessons and responses
Cohen, Benjamin H.; Remolona, Eli M. - 2008
While the unfolding financial turmoil has involved new elements, more fundamental elements have remained the same. New elements include structured credit, the originate-to-distribute business model and the tri-party repurchase agreement. The recurrence of crises reflects a basic procyclicality...
Persistent link: https://www.econbiz.de/10003855412
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The macroeconomic effects of shadow banking panics
Poeschl, Johannes - 2020
reduced the fall in output by about half a percentage point. Generally, central bank interventions reduce output volatility …
Persistent link: https://www.econbiz.de/10012233428
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Optimal unconventional monetary policy in the face of shadow banking
Kirchner, Philipp; Schwanebeck, Benjamin - 2017
Using a DSGE framework, we discuss the optimal design of monetary policy for an economy where both retail banks and shadow banks serve as financial intermediaries. We get the following results. During crises times, a standard Taylor rule fails to reach sufficient stimulus. Direct asset purchases...
Persistent link: https://www.econbiz.de/10011671242
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The impact of seven macroprudential policy instruments on financial stability in six euro area economies
Lorenčič, Eva; Festić, Mejra - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 3, pp. 259-290
The aim of this paper is to investigate whether macroprudential policy instru-ments can influence the credit growth rate and hence financial stability. We use a fixed effects panel regression model to test the following hypothesis for six euro area econo-mies (Austria, Finland, Germany, Italy,...
Persistent link: https://www.econbiz.de/10012651338
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The impact of macroprudential policy instruments on financial stability in Southern Europe
Lorenčič, Eva; Festić, Mejra - In: Naše gospodarstvo : NG 68 (2022) 1, pp. 25-34
This paper is a contribution to the body of research examining the impact of macroprudential policy instruments on financial stability. The following hypothesis was tested (H1): Macroprudential policy instruments (household borrowing costs; interbank loans as a percentage of total loans; loan to...
Persistent link: https://www.econbiz.de/10013184351
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The impact of macroprudential policy on credit growth in nine euro area economies
Lorenčič, Eva; Volčjak, Robert; Festić, Mejra - In: Naše gospodarstvo : NG 69 (2023) 2, pp. 1-14
In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical research method. The goal of our paper is to test...
Persistent link: https://www.econbiz.de/10014309997
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Türkiye'ye Makro Ekonomik Etkileri Bakımından 2008 Küresel Krizi (2008 Global Crisis in Terms of Macro Economic Impacts in Turkey)
Aras, Osman Nuri - 2012
Bu çalışma ile 2008 küresel ekonomik krizinin Türkiye ekonomisini etkileme kanallarının, ülkenin makro ekonomik yapısının krizden etkilenme derecesinin ve ülkede yaşanan 2001 krizi sonrası ekonomik yapıda gerçekleştirilen çeşitli düzenlemelerin krizlere karşı başarı...
Persistent link: https://www.econbiz.de/10013097497
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The shadow banking system : survey and typological framework
Poschmann, Jenny - 2011
Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the …
Persistent link: https://www.econbiz.de/10009526259