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After adopting an inflation targeting framework for monetary policy at the turn of the twenty-first century, Banco de la República, the Central Bank of Colombia, started actively using the monetary policy interest rate as its key policy tool. This paper examines the interest rate pass-through...
Persistent link: https://www.econbiz.de/10013393378
Keynesian case against the classical one. The "lowflation" environment experienced in the USA and Europe again brought the LT to … the forefront. The quantitative easing monetary policy was introduced in Japan and better applied in the USA and EMU as a … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the …
Persistent link: https://www.econbiz.de/10012177015
In this paper it, we have conducted a factor analysis which implied determining the international research directions that have characterized the period following the outbreak of the crisis in 2007 and 2008-2011. In this research, we used secondary data that were extracted from 342 articles,...
Persistent link: https://www.econbiz.de/10012062283
Am 10. Juni 2018 stimmen die Schweizer über die Volksinitiative „Für krisensicheres Geld: Geldschöpfung allein durch die Nationalbank!“ (Vollgeld-Initiative) ab. Die Initiative fordert, dass den Geschäftsbanken die Schaffung von elektronischem Geld untersagt wird. Neues Geld soll als...
Persistent link: https://www.econbiz.de/10011873840
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
The analysis of open macroeconomies typically assumes (implicitly or explicitly) that resource allocation decisions are taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical allocation decisions are taken by global investors and...
Persistent link: https://www.econbiz.de/10012012446
This paper examines the effects of macroeconomic policy and regulatory environment on mobile money usage. Specifically, we develop an autoregressive distributed lag model to investigate the effect of key macroeconomic variables and mobile money tax on mobile money usage in Uganda. Using monthly...
Persistent link: https://www.econbiz.de/10012505029
The paper examined the interest rate operations and processes in Nigeria and examined the role of financial development in incentivizing central bank monetary policies from the monetary policy rate to the money market rates, lending rates, and deposit rates. The analysis covered the period from...
Persistent link: https://www.econbiz.de/10014500806
The Covid-19 Pandemic and policy response rattled the USTreasury markets. Conventional US Treasuries, inflation adjustedUS Treasuries, and the relationship between the two developed inways such that ignoring changes in real interest rates yielded dis-torted inflation expectations estimates....
Persistent link: https://www.econbiz.de/10014500836
Persistent link: https://www.econbiz.de/10003724834