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International Liquidity Management : Sterilization Policy in Illiquid Financial Markets
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2003
the international liquidity management aspect of sterilization over the traditional monetary one, a re-focus that seems … liquidity management issues more generally …
Persistent link: https://www.econbiz.de/10014155474
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Limits to arbitrage during the crisis : funding liquidity constraints and covered interest parity
Mancini Griffoli, Tommaso; Ranaldo, Angelo - 2014
liquidity in dollars kept traders from arbitraging away excess profits. Risk factors, instead, are mostly insignificant …. Liquidity factors involve intermediaries cutting back loans to arbitrageurs in order to shrink their balance sheet, and hoarding … liquidity to cover their own funding strains. In addition, it seems that arbitrageurs themselves had insufficient pledge …
Persistent link: https://www.econbiz.de/10010407205
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The household cash flow channel of monetary policy
La Cava, Gianni; Hughson, Helen; Kaplan, Greg - 2016
Persistent link: https://www.econbiz.de/10013259664
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Monetary policy in an oil-dependent economy in the presence of multiple shocks
Drygalla, Andrej - Leibniz-Institut für Wirtschaftsforschung Halle - 2017
Russian monetary policy has been challenged by large and continuous private capital outflows and a sharp drop in oil prices during 2014, with both ongoings having put a significant depreciation pressure on the ruble and having led the central bank to eventually give up its exchange rate...
Persistent link: https://www.econbiz.de/10011657233
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Drivers of global liquidity and global bank flows : a view from the euro area
Everett, Mary - 2016
This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary … indicates heterogeneity in the influence of global liquidity on global flows across euro area bank type, defined by their …
Persistent link: https://www.econbiz.de/10011446311
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ETF Liquidity by Parsec Financial
Tallman, Carrie - 2017
Persistent link: https://www.econbiz.de/10012944007
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Sterilization of Money Inflows : Difficult (Calvo) or Easy (Reisen)?
Frankel, Jeffrey A. - 2007
Persistent link: https://www.econbiz.de/10012778574
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Global Funding Liquidity, Equity Returns and Crash Risk : Implications for Monetary Policy
Corcoran, Aidan - 2011
financial crisis. If such liquidity risk exists and is undiversifiable, then loose monetary policy should be associated with a …
Persistent link: https://www.econbiz.de/10013131739
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Integration of Financial Markets in Post Global Financial Crises and Implications for British Financial Sector : Analysis Based on a Panel VAR Model
Nasir, Muhammad Ali - 2017
This study analyses the dynamics of integration among global financial markets in the context of Global Financial Crisis (2008) by employing a Panel Vector Autoregressive (VAR) model on the monthly data of nine countries and three markets from Jan 2003 to Oct 2015. It was found that there has...
Persistent link: https://www.econbiz.de/10012955640
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CBDCs, Financial Inclusion, and Monetary Policy
Murakami, David; Shchapov, Ivan; Viswanath-Natraj, Ganesh - 2022
In this paper we study the macroeconomic effects of introducing a retail central bank digital currency (CBDC). Using a two agent framework and endowment economy with banked and unbanked households, we show digital currencies address financial inclusion of the unbanked, by providing a savings...
Persistent link: https://www.econbiz.de/10013289478