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The Implementation of SNB Monetary Policy
Jordan, Thomas; Ranaldo, Angelo; Soderlind, Paul - School of Economics and Political Science, Universität … - 2009
idea that repo operations are instrumental in smoothing the implementation of monetary policy in normal times while changes … in the official operational target accompanied by the accommodating use of repo operations produce the aimed effects in …
Persistent link: https://www.econbiz.de/10004988944
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Demand for Reserves and the Central Bank's Management of Interest Rates
Kraenzlin, Sébastien; Schlegel, Martin - In: Swiss Journal of Economics and Statistics 148 (2012) 4, pp. 531-555
The implementation of monetary policy is prevalently done by interest rate targeting with a short term market rate serving as operational target. The instruments for achieving the operational target are the provision of reserves and the interest rate charged in these transactions. This paper...
Persistent link: https://www.econbiz.de/10011933294
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Demand for Reserves and the Central Bank's Management of Interest Rates
Kraenzlin, Sébastien; Schlegel, Martin - In: Swiss Journal of Economics and Statistics (SJES) 148 (2012) IV, pp. 531-555
The implementation of monetary policy is prevalently done by interest rate targeting with a short term market rate serving as operational target. The instruments for achieving the operational target are the provision of reserves and the interest rate charged in these transactions. This paper...
Persistent link: https://www.econbiz.de/10010722007
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Demand for Reserves and the Central Bank's Management of Interest Rates
Schlegel, Martin; Kraenzlin, Sébastien - Schweizerische Nationalbank (SNB) - 2009
The implementation of monetary policy is prevalently done by interest rate targeting with a short term market rate serving as operational target. The instruments for achieving the operational target are the provision of reserves and the interest rate charged in these transactions. This paper...
Persistent link: https://www.econbiz.de/10008917450
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Repo market : a tool to manage liquidity in financial institutions
Nath, Golaka C. - In: Macroeconomics and finance in emerging market economies 8 (2015) 1/3, pp. 286-305
Persistent link: https://www.econbiz.de/10011402394
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The transmission of liquidity shocks via China's segmented money market : evidence from recent market events
Lu, Ruoxi; Bessler, David A.; Leatham, David J. - In: Journal of international financial markets, … 57 (2018), pp. 110-126
Persistent link: https://www.econbiz.de/10012127609
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An explanation of negative swap spreads : demand for duration from underfunded pension plans
Klingler, Sven; Sundaresan, Suresh M. - 2018
Persistent link: https://www.econbiz.de/10011866843
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On collateral : implications for financial stability and monetary policy
Corradino, Stefano; Heider, Florian; Hoerova, Marie - 2017
This paper examines the role of collateral in the financial system, with special emphasis on the implications for financial stability and the conduct of monetary policy. First, we review what drives the demand and supply for both real and financial collateral assets. Then we examine financial...
Persistent link: https://www.econbiz.de/10011745798
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Interest Rate Dynamics and Monetary Policy Implementation in Switzerland
Abbassi, Puriya; Nautz, Dieter; Offermanns, Christian - In: Swiss Journal of Economics and Statistics 146 (2010) 1, pp. 313-340
rate level, the SNB announces a target range for the three-month Libor. This paper investigates the working and the …
Persistent link: https://www.econbiz.de/10011933227