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Inflation targeting, exchange rate pass-through and "fear of floating"
Nogueira, Reginaldo Pinto (contributor) - 2006
Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect … emerging than for developed economies, and that it has decreased after the adoption of Inflation Targeting. We then use several … foreign exchange market intervention after the adoption of Inflation Targeting. As the exchange rate pass-through still …
Persistent link: https://www.econbiz.de/10003368050
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Inflation Targeting or Fear of Floating in Disguise : A Broader Perspective
Ball, Christopher P.; Reyes, Javier A. - 2006
This paper modifies Calvo and Reinhart's (2002) fear of floating analysis to distinguish between de facto inflation … targeting (IT) and fear of floating (FF) behavior in a sample of 10 de jure inflation targeting countries. We present three main …
Persistent link: https://www.econbiz.de/10014066805
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Macroprudential Policy and Bank Systemic Risk : Does Inflation Targeting Matter?
Belkhir, Mohamed; Ben Naceur, Sami; Candelon, Bertrand; … - 2023
This paper investigates macroprudential policy effects on bank systemic risk and the role of inflation targeting in … further under inflation targeting. Our findings lend credence to the view that inflation targeting strengthens macroprudential …
Persistent link: https://www.econbiz.de/10014354108
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The bank lending channel : lessons from the crisis
Gambacorta, Leonardo; Marqués Ibáñez, David - 2011
The 2007-2010 financial crisis highlighted the central role of financial intermediaries' stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...
Persistent link: https://www.econbiz.de/10009006625
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A global lending channel unplugged? : does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?
Temesvary, Judit; Ongena, Steven; Owen, Ann L. - 2015
We examine how U.S. monetary policy affects the international activities of U.S. Banks. We access a rarely studied US bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and quantitative easing (after the onset of the crisis)...
Persistent link: https://www.econbiz.de/10011336667
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The Bank Lending Channel : Lessons from the Crisis
Gambacorta, Leonardo - 2014
The 2007-2010 financial crisis highlighted the central role of financial intermediaries' stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...
Persistent link: https://www.econbiz.de/10013067908
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Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market
Lee, Seung Jung - 2017
We study how low interest rates in the United States affect risk taking in the market of cross-border leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We...
Persistent link: https://www.econbiz.de/10012961476
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How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries
Poghosyan, Tigran - 2019
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990-2018. The results suggest...
Persistent link: https://www.econbiz.de/10012889146
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Monetary policy and global banking
Bräuning, Falk; Ivashina, Victoria - 2017 - This version: December 23, 2016
Global banks use their global balance sheets to respond to local monetary policy. However, sources and uses of funds are often denominated in different currencies. This leads to a foreign exchange (FX) exposure that banks need to hedge. If cross-currency flows are large, the hedging cost...
Persistent link: https://www.econbiz.de/10011687276
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The Bank Lending Channel : Lessons from the Crisis
Gambacorta, Leonardo - 2011
The 2007-2010 financial crisis highlighted the central role of financial intermediaries' stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...
Persistent link: https://www.econbiz.de/10013126858