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Persistent link: https://www.econbiz.de/10011790739
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
Monetary policy actions (conventional and unconventional) are important events that are expected to affect asset prices, especially during periods of financial turmoil. Although many studies examine their effect on asset prices there is a lack of empirical evidence on their impact on investor...
Persistent link: https://www.econbiz.de/10012900710
prevent the accurate assessment of market risk. The assumption is that these gaps can be remedied via disclosure, transparency …
Persistent link: https://www.econbiz.de/10012843985
This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey data from the World Bank and the European Bank for Reconstruction and Development's Business...
Persistent link: https://www.econbiz.de/10003928093
This study analyzes the trends in the financial sector over the past 30 years, and argues that unsupervised financial innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long period of economic expansion during which...
Persistent link: https://www.econbiz.de/10013156908
flexible exchange rates when the country is stuck in a liquidity trap; (3) Near the fringe of liquidity traps, the risk arises … macroeconomics of the current global crisis. In addition to demonstrating how the emergence of risk premiums in money and capital … markets may drive economies into recessions, it shows the following: (1) Liquidity traps may occur not only when interest …
Persistent link: https://www.econbiz.de/10003885838
Regulation of Money Market Funds (MMFs) in the EU requires some categories of MMFs to consider applying liquidity … management tools if they breach a minimum ‘weekly’ liquidity requirement. Anticipation of the application of such tools is a … liquidity thresholds explains differences in redemptions both at the start of the COVID-19 crisis and in the following months …
Persistent link: https://www.econbiz.de/10013210595
Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...
Persistent link: https://www.econbiz.de/10012222608
This paper develops a dynamic stochastic general equilibrium model to examine the impact of macroprudential regulation on bank's financial decisions and the implications for the real sector. I explicitly incorporate costs and benefits of capital requirements. I model an occasionally binding...
Persistent link: https://www.econbiz.de/10012974527