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Asymmetric shocks in a currency union : the role of central bank collateral policy
Koulischer, François - 2015
Persistent link: https://www.econbiz.de/10011305214
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The collateral policy of central banks : an analysis focusing on the eurosystem
Weber, Christopher - 2016
Munich in July 2016. The goal of the thesis is to establish the configuration of collateral policy as a tool of central bank … policies in pursuit of different objectives, and to present collateral policies in practice, as well as impact and effects of … collateral policy. The thesis consists of three parts and nine chapters. The first part discusses the role of collateral in …
Persistent link: https://www.econbiz.de/10011741966
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The collateral policy of central banks : an analysis focusing on the Eurosystem
Weber, Christopher - Ifo Institut - 2016
Munich in July 2016. The goal of the thesis is to establish the configuration of collateral policy as a tool of central bank … policies in pursuit of different objectives, and to present collateral policies in practice, as well as impact and effects of … collateral policy. The thesis consists of three parts and nine chapters. The first part discusses the role of collateral in …
Persistent link: https://www.econbiz.de/10011575983
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Monetary Policy Spillovers in the First Age of Financial Globalisation : A Narrative VAR Approach 1884–1913
Green, Georgina - 2018
This paper investigates whether movements in the Bank of England's interest rate hindered the development of the United States by transmitting or amplifying crises during the first age of financial globalisation. Evidence that US monetary and financial developments entered into the Bank's...
Persistent link: https://www.econbiz.de/10012925215
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International lending of last resort in historical and theoretical perspectives : introduction
Trautwein, Hans-Michael - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 303-310
This paper provides an introduction to the special issue on international lending of last resort. Starting from debates about rescue operations and unconventional policies of major central banks in the contexts of the Global Financial Crisis and the European Debt Crisis, it draws attention to...
Persistent link: https://www.econbiz.de/10013447582
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Chapter 23. The Performance of Alternative Monetary Regimes
Ball, Laurence - In: Handbook of monetary economics : volume 3, (pp. 1303-1343). 2010
This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2)...
Persistent link: https://www.econbiz.de/10014025619
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Inflation targeting as a shock absorber
Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of …
Persistent link: https://www.econbiz.de/10011790769
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Shadow banking and the design of macroprudential policy in a monetary union
Kirchner, Philipp; Schwanebeck, Benjamin - 2020
This paper studies the interaction of international shadow banking with monetary and macroprudential policy in a two-country currency union DSGE model. We find evidence that cross-country financial integration through the shadow banking system is a source of financial contagion in response to...
Persistent link: https://www.econbiz.de/10012224888
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Currency compositions of international reserves and the euro crisis
Laser, Falk Hendrik; Weidner, Jan - 2020
During recent years, central banks have increased the levels of their international reserves at an unprecedented pace. In this paper, we introduce new country-specific reserve data and examine determinants of the composition of international reserves. Using a dataset of 36 countries (and the...
Persistent link: https://www.econbiz.de/10012169782
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The quality of eligible collateral and monetary stability : an empirical analysis
Lehmbecker, Philipp - 2008
addition, it expands the current research agenda by considering a neglected factor: The quality of eligible collateral (QEC … investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive … establishing QEC as one pivotal element of a theory of central banking. Collateralisation of the issuance of money and the …
Persistent link: https://www.econbiz.de/10010206377