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The Role of Credit in the Theory of Endogenous Money - A Post-Keynesian Analysis of Credit Institutions
Pilkington, Marc - 2014
-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following … rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …
Persistent link: https://www.econbiz.de/10012709217
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Interest rates close to zero, post-crisis restructuring and natural interest rate
Cizkowicz, Piotr; Rzonca, Andrzej - Volkswirtschaftliche Fakultät, … - 2011
impede that process and facilitate forbearance lending, which crowds viable economic agents out of credit through a number of …
Persistent link: https://www.econbiz.de/10009651410
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Woodford and Wicksell on Interest and Prices The Place of the Pure Credit Economy in the Theory of Monetary Policy
Laidler, David - University of Western Ontario, Economic Policy Research … - 2004
Knut Wickwell's "pure credit economy" and Michael Woodford's "cashless economy" have much in common whereas Wickwell …
Persistent link: https://www.econbiz.de/10005812565
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The Credit Channel of Policy Across Heterogeneous Banks:the Case of Italy.
Angeloni, I.; Buttiglione, L.; Ferri, G.; Gaiotti, E. - Banca d'Italia - 1995
Persistent link: https://www.econbiz.de/10005486713
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The Italian Financial System
Consolandi, Costanza; Gabbi, Giampaolo; Matthias, Massimo; … - Financialisation, Economy, Society & Sustainable … - 2013
Persistent link: https://www.econbiz.de/10010741341
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Regulation of Financial Markets
Raudjärv, Matti - 2013
It has become increasingly clear particularly in this century that through the destructive impacts of financial markets, economic crises are often amplified to proportions which set the entire system at risk. V. Cerra and S.C. Saxena have shown that failures in real economy brought about by...
Persistent link: https://www.econbiz.de/10013074975
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Money and the Financial System in Ghana
Abotsi, Anselm Komla - 2013
Broadly speaking, a country's financial system includes all institutions involved in moving savings from households and firms (whose income exceeds their expenditures) to other households and firms who like to spend more than their income and liquid assets. There are basically five parts of the...
Persistent link: https://www.econbiz.de/10013076465
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Cyclical Patterns in Risk Indicators Based on Financial Market Infrastructure Transaction Data
Timmermans, Monique - 2017
This paper studies cyclical patterns in risk indicators based on TARGET2 transaction data. These indicators provide information on network properties, operational aspects and links to ancillary systems. We compare the performance of two different ARIMA dummy models to the TBATS state space...
Persistent link: https://www.econbiz.de/10012954341
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Bond Markets and Monetary Policy
Buraschi, Andrea - 2015
Since the early 1990's, and until the 2008 financial crisis, the main policy tool of the FOMC has been a nominal interest rate target. This paper surveys an extensive literature that studies the link between monetary policy and the dynamics of bond yields. This literature uses ‘high-frequency'...
Persistent link: https://www.econbiz.de/10013020623
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Financial Factors and Monetary Policy : Determinacy and Learnability of Equilibrium
Kitney, Paul - 2016
This paper contributes to the debate whether central banks should respond to asset prices, credit spreads and other … rules responding to lagged asset prices and credit volume have less desirable determinacy and learnability characteristics … than responding to current asset prices and credit spreads. This conclusion dovetails with recent research such as …
Persistent link: https://www.econbiz.de/10012987763