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Central banks : paradise lost
Issing, Otmar - 2012
Persistent link: https://www.econbiz.de/10009554282
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Communication of Monetary Policy Decisions by Central Banks : What is Revealed and Why
Settlements, Bank for International - 2013
This Paper, which extends earlier work by Filardo and Guinigundo (2008) and Nelson (2008), reports on a survey conducted in 2007 on the communication practices of 32 members of the Central Bank Governance Network. The questionnaire sent to Network members was divided into two main parts. The...
Persistent link: https://www.econbiz.de/10013095822
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Central Bank Communication About Climate Change
Arseneau, David M.; Drexler, Alejandro; Osada, Mitsuhiro - 2022
This paper applies natural language processing to a large corpus of central bank speeches to identify those related to …. Finally, we find that central banks tend to use speculative language more frequently when talking about climate change …
Persistent link: https://www.econbiz.de/10014237883
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Financial stability and monetary policy
Hellwig, Martin - 2015 - This version: April 1, 2015
The paper gives an overview over issues concerning the role of financial stability in monetary policy. Historically, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate stabilization to serving as a lender of the last resort....
Persistent link: https://www.econbiz.de/10011301235
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Liquidity and market efficiency : alive and well?
Liikanen, Erkki; Jylhä, Petri; Pennacchi, George G.; … - Joint Conference with the Bank of Finland in Helsinki …; … - 2015
On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...
Persistent link: https://www.econbiz.de/10011414459
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Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?
Gokhale, Jagadeesh - 2009
Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...
Persistent link: https://www.econbiz.de/10013155688
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Monetary Policy and Uncertainty Resolution in Commodity Markets
Gu, Chen; Kurov, Alexander; Stan, Raluca - 2023
This paper examines the intraday changes of gold and crude oil implied volatility around the release of FOMC statements. We find that monetary policy releases lead to intraday uncertainty resolution in these commodity markets. The resolution of uncertainty is stronger after announcements...
Persistent link: https://www.econbiz.de/10014350925
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Shadow banking and the limits of central bank liquidity support : how to achieve a better balance between global and official liquidity
Moe, Thorvald - 2012
Global liquidity provision is highly procyclical. The recent financial crisis has resulted in a flight to safety, with severe strains in key funding markets leading central banks to employ highly unconventional policies to avoid a systemic meltdown. Bagehot's advice to 'lend freely at high rates...
Persistent link: https://www.econbiz.de/10009516740
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Market Reactions to ECB Policy Innovations : A Cross-Country Analysis
Pacicco, Fausto - 2017
Eurozone equity markets reaction to policy rate shifts, conducted applying an event study methodology, we aim to assess whether … the ECB, with its conventional monetary policy manoeuvres, is able to wield a homogeneous effect across the main Eurozone … equity markets. The empirical analysis shows that generally policy rate shifts affect unevenly the Eurozone financial indexes …
Persistent link: https://www.econbiz.de/10012961775