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By the early ‘2000 an increasing numbers of countries had adopted a well defined central bank framework, which is …. The fundamental effect was that the central bank involvement in supervision (CBS) generally decreased.But then, after the … bank role in the supervisory field. Therefore the main research question is: Why and how and is moving the CBS? This …
Persistent link: https://www.econbiz.de/10013098367
We employ a model-based approach in an ex-post evaluation of monetary policy decisions taken by the Bank of Israel … during the years 2001-2010. Using ex-post information, we test, for each individual year, whether there could have been a …
Persistent link: https://www.econbiz.de/10013098745
banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in … variables and opportunity costs. Furthermore, the analysis also delivers preliminary results of the information content of money …
Persistent link: https://www.econbiz.de/10013100833
In this paper, we examined monetary policy from August 2007, when the Fed engaged in its first unconventional action, through December 2009, when most of the Fed's special lending facilities became inactive. However, the monetary base remained in excess of $2 trillion which was more than double...
Persistent link: https://www.econbiz.de/10013101881
We propose an alternative way of estimating Taylor reaction functions if the zero-lowerbound on nominal interest rates is binding. This approach relies on tackling the real rather than the nominal interest rate. So if the nominal rate is (close to) zero central banks can influence the infl ation...
Persistent link: https://www.econbiz.de/10013102781
The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professionals and academic economists who … provide a separate policy rate recommendation in advance of the central bank's announcement. We explore differences between …
Persistent link: https://www.econbiz.de/10013102930
Central bank financial strength has not been a significant issue for a substantial period of time. However, recent … functions effectively and achieve their objectives. In this study, we examine the relationship between central bank financial … exchange rate variability with the measures of central bank financial strength. We observe that price stability is broadly …
Persistent link: https://www.econbiz.de/10013102992
We propose an alternative way of estimating Taylor reaction functions if the zero-lowerbound on nominal interest rates is binding. This approach relies on tackling the real rather than the nominal interest rate. So if the nominal rate is (close to) zero central banks can influence the inflation...
Persistent link: https://www.econbiz.de/10013103372
central bank. The model can explain several stylized facts observed during the financial crisis as the decline in interbank …
Persistent link: https://www.econbiz.de/10013103944
. Together, this has brought to the fore an important but so far unresolved issue: to what extent should a central bank …'s communication reflect the full spectrum of opinions among its committee members? Does information on all members' views make …. We measure the sentiment and tone of the minutes of the Swedish central bank using an automated content analysis that …
Persistent link: https://www.econbiz.de/10013104579