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Do Monetary and Technology Shocks Move Euro Area Stock Prices?
Berg, Tim Oliver - 2010
I use a Bayesian vector autoregressive (VAR) model to investigate the impact of monetary and technology shocks on the … euro area stock market in 1987-2005. I find an important role for technology shocks, but not monetary shocks, in explaining … variations in real stock prices. The identification method is flexible enough to study the effects of technology news shocks. The …
Persistent link: https://www.econbiz.de/10013141107
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China, the United States, and Central Bank Digital Currencies : How Important Is It to Be First?
Chorzempa, Martin - 2021
technology and global marketplace for digital currencies, and that the Federal Reserve may not be as far “behind” China in …
Persistent link: https://www.econbiz.de/10013241922
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Technological progress and monetary policy : managing the fourth industrial revolution
Poloz, Stephen S. - 2019
This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and … previous three industrial revolutions, developing a template of shared characteristics: new technology displaces workers …; investor hype linked to the new technology leads to financial excesses; new types of jobs are created; productivity and …
Persistent link: https://www.econbiz.de/10012132152
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Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets
Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...
Persistent link: https://www.econbiz.de/10011975741
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A Comparative Study of the Design Frameworks of the Ghanaian and Nigerian Central Banks’ Digital Currencies (CBDC)
Ahiabenu, Kwami - 2022
This paper discusses critical considerations in the design of central bank digital currency (CBDC) in West Africa through a comparative case study of Ghana’s (eCedi) and Nigeria’s (eNaira) design frameworks. This paper analyses CBDC design options framed through context (digital payment...
Persistent link: https://www.econbiz.de/10014078290
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Value-Driving Activities in Euro-Zone Banks
Isidro, Helena - 2010
goodwill, but the introduction of fair value accounting, with the adoption of the International Financial Reporting Standards … adoption, suggesting that the fair value standards do not fully capture market expectations about future cash flows of …
Persistent link: https://www.econbiz.de/10013138235
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How Does Monetary Transmission Mechanism Impact Output, Inflation and Money Market Funds in Argentine?
Ledesma Padilla, Juan - 2010
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic...
Persistent link: https://www.econbiz.de/10013147766
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Monetary policy, cash flow and corporate investment : empirical evidence from Vietnam
Linh My Tran; Chi Hong Mai; Phuoc Huu Le; Chi Linh Vu Bui; … - In: Journal of risk and financial management : JRFM 12 (2019) 1/46, pp. 1-14
This paper examines the relationships between macroscopic determinants (typically, monetary policies) and microscopic factors (mainly, cash flows and other controlling variables) on corporate investment. By employing system-GMM estimation for the 250 Vietnamese non-financial firms, the authors...
Persistent link: https://www.econbiz.de/10012022289
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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
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Monetary policy spillovers and inter-market dynamics perspective of preferred habitat model
Wahid, Abdul; Kowalewski, Oskar - In: Economies : open access journal 12 (2024) 5, pp. 1-16
-market transfer of mean returns and the diffusion of price volatility in Pakistani investment markets. It examines the extent to which …
Persistent link: https://www.econbiz.de/10014636021