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-crisis restructuring, they impede the process of restructuring and facilitate forbearance lending, which crowds viable economic agents out … of credit through a number of channels. To reduce these risks, the central bank could voluntarily set a lower bound for … in the monetary policy conducting in economies requiring post-crisis restructuring would bring better outcomes than …
Persistent link: https://www.econbiz.de/10011195623
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This paper is after a difficult question: has banking grown too much in Europe? The difficultly of the question lies in the words “too much”, which require a normative answer. The authors took a stance on how much is “too much”, based on the needs of the real economy in Europe. To tackle...
Persistent link: https://www.econbiz.de/10011071753
adopted by Fed and EBC, as well as what effects it had on restructuring process, uncertainty, and the use of credit. …
Persistent link: https://www.econbiz.de/10010961595
-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
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
In this paper I evaluate the quantitative effects of the Czech National Bank's commitment to keep the Koruna from appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic control method, which allows me to compute the...
Persistent link: https://www.econbiz.de/10011515767
Persistent link: https://www.econbiz.de/10011944433
stabilize the money supply, credit aggregates and the exchange rate, in the context of strong disinflation and growth of … management and for selective credit allocation. …
Persistent link: https://www.econbiz.de/10010331102
Persistent link: https://www.econbiz.de/10011985213