Similar Search Results

Monetary policy can have heterogeneous effects on the investment behavior of women and men

Grazzini, Caterina Forti; Kim, Chi Hyun - In: DIW weekly report : economy, politics, science : a … 9 (2019) 39, pp. 355-361

participate less in the financial markets than men do. This study focuses on the stock market investment behavior of US households … and examines whether monetary policy affects the investment decisions of women and men differently. While monetary policy … exclusively affects stock market participation of women, we do not observe any gender difference in the active investment behavior …

Persistent link: https://www.econbiz.de/10012110822

Liquidity risk and monetary policy

Sauer, Stephan - 2007

This paper provides a framework to analyse emergency liquidity assistance of central banks on financial markets in response to aggregate and idiosyncratic liquidity shocks. The model combines the microeconomic view of liquidity as the ability to sell assets quickly and at low costs and the...

Persistent link: https://www.econbiz.de/10003951417

Strategic Trading When Central Bank Intervention Is Predictable

Yang, Liyan - 2020

Market prices are noisy signals of economic fundamentals. In a two-period model, we show that if the central bank uses market prices as guidance for intervention, large strategic investors (who benefit from high prices) may temporarily depress market prices to induce a market-supportive...

Persistent link: https://www.econbiz.de/10012836364

Investor heterogeneity and large-scale asset purchases

Breckenfelder, Johannes; De Falco, Veronica - 2024

Large-Scale Asset Purchases can impact the price of securities directly, when securities are targeted by the central bank, or indirectly through portfolio re-balancing of private investors. We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor...

Persistent link: https://www.econbiz.de/10014528264

Managing risk taking with interest rate policy and macroprudential regulations

Cociuba, Simona E.; Shukayev, Malik; Ueberfeldt, Alexander - 2016

We develop a model in which a financial intermediary's investment in risky assets - risk taking - is excessive due to …

Persistent link: https://www.econbiz.de/10011553837

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Cukierman, Alex - 2011

This paper develops a micro-founded general equilibrium model of the financial system composed of ultimate borrowers, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood of governmental bailouts on leverage, interest...

Persistent link: https://www.econbiz.de/10013122330

The Liquidity Trap, the Great Depression, and Unconventional Policy : Reading Keynes at the Zero Lower Bound

Sutch, Richard C. - 2014

Theory offered a rich analysis of the problems that appear at the zero lower bound and advocated the very same unconventional …

Persistent link: https://www.econbiz.de/10013043746

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

Investor Sentiment and the Stock Market’s Reaction to Monetary Policy

Kurov, Alexander - 2011

This paper shows that monetary policy decisions have a significant effect on investor sentiment. The effect of monetary news on sentiment depends on market conditions (bull versus bear market). We also find that monetary policy actions in bear market periods have a larger effect on stocks that...

Persistent link: https://www.econbiz.de/10013134559

The Dynamics of Investors’ Reactions to Informal Central Bank Communications

Galloppo, Giuseppe; Caiazza, Stefano; Fiordelisi, Franco; … - 2021

Central bank informal communications became more frequent and acquired more mass media attention after the global financial crisis. Do investors react to the content (e.g., future expansionary or restrictive policy) of informal central bank communications? And especially, do investors have a...

Persistent link: https://www.econbiz.de/10013214650

1
2
3
4
5
6
7
8
9
10
Next
Last