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Financial crises in emerging markets: a canonical model
Chang, Roberto; Velasco, Andres - 1998
run on the currency if the central bank attempts to act as a lender of last resort. …
Persistent link: https://www.econbiz.de/10010397417
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The Asian liquidity crisis
Chang, Roberto; Velasco, Andres - 1998
A country's financial system is internationally illiquid if its potential short-term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be necessary and sufficient for financial crises and/or exchange rate collapses...
Persistent link: https://www.econbiz.de/10010397536
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Lack of liquidity drives Asian crisis
In: Economics Update (1998) Oct, pp. 5-5
Persistent link: https://www.econbiz.de/10005379832
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Divorcing money from monetary policy
Keister, Todd; Martin, Antoine; McAndrews, James - In: Economic Policy Review (2008) Sep, pp. 41-56
Many central banks implement monetary policy in a way that maintains a tight link between the stock of money and the … tensions. The authors explain how this approach, in which the central bank pays interest on reserves at the target interest …
Persistent link: https://www.econbiz.de/10004993855
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The Asian liquidity crisis
Chang, Roberto; Velasco, Andres - Federal Reserve Bank of Atlanta - 1998
A country's financial system is internationally illiquid if its potential short-term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be necessary and sufficient for financial crises and/or exchange rate collapses...
Persistent link: https://www.econbiz.de/10005721645
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Financial crises in emerging markets: a canonical model
Chang, Roberto; Velasco, Andres - Federal Reserve Bank of Atlanta - 1998
run on the currency if the central bank attempts to act as a lender of last resort. …
Persistent link: https://www.econbiz.de/10005721657
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The monetary responsibilities of a central bank
Hetzel, Robert L. - In: Economic Review (1988) Sep, pp. 19-31
This article provides an analytical framework for discussing the monetary responsibilities of a central bank. The … framework shows how the central bank gives the price level a well-defined equilibrium value and how the central bank causes this …
Persistent link: https://www.econbiz.de/10005063863
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Central banks and the money supply
Meigs, James; Wolman, William - In: Review (1971) Aug, pp. 18-30
Persistent link: https://www.econbiz.de/10005519734
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Inflation and stock market returns in Hong Kong /
Lau, Frederic S. C.
Thesis (PhDBusinessandManagement)--University of South Australia, 2004.
Persistent link: https://www.econbiz.de/10009480590
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Are money growth and inflation still related?
Gerald P. Dwyer, Jr.; Hafer, R.W. - In: Economic Review (1999) Q2, pp. 32-43
money growth and inflation to become apparent, it would not be surprising that central bankers and practitioners put little …
Persistent link: https://www.econbiz.de/10005361105