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Persistent link: https://www.econbiz.de/10012110805
Today we live in a post-truth and highly digitalized era characterized by a flow of (mis-) information around the world …
Persistent link: https://www.econbiz.de/10012039605
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes: money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10010400823
financial stability objectives of central banks. We employ panel cointegration techniques and find a negative association … effectiveness increases when bank risk is high. In sum, our results show that shadow banks are an element of the bank risk …This study investigates the nexus between shadow banking, bank risk and monetary policy in emerging economies. The …
Persistent link: https://www.econbiz.de/10012029659
Persistent link: https://www.econbiz.de/10014324921
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event....
Persistent link: https://www.econbiz.de/10011711957
We study how monetary policy and risk shocks affect asset prices in the US, the euro area, and Japan, differentiating between "traditional" monetary policy and communication events, each decomposed into "pure" and information shocks. Communication shocks from the US spill over to risk in the...
Persistent link: https://www.econbiz.de/10014483035
policies foster growth disproportionately in more credit/liquidity-constrained industries. Second, while higher bank capital … policy. Raising regulatory requirements for bank capital can therefore help achieve financial stability and preserve economic …
Persistent link: https://www.econbiz.de/10013058584
Persistent link: https://www.econbiz.de/10010353717
Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from … reserves exempt from negative rates. More affected banks reduce costly reserves and bond financing while maintaining non …
Persistent link: https://www.econbiz.de/10011795014