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Framework for Preserving Financial Stability in Montenegro

Žugić, Radoje; Fabris, Nikola - In: Journal of Central Banking Theory and Practice 3 (2014) 1, pp. 27-41

. The main objective of the paper is to analyse the framework for preserving financial stability in Montenegro and the … monetary policy objective, whereas the Central Bank of Montenegro is the only one that has identified financial stability as … (in)stability, the selection of indicators, macroeconomic environment for preserving financial stability, and the like …

Persistent link: https://www.econbiz.de/10010784676

Framework for preserving financial stability in Montenegro

Žugić, Radoje; Fabris, Nikola - In: Journal of central banking theory and practice 3 (2014) 1, pp. 27-41

Persistent link: https://www.econbiz.de/10010341112

Monetary policy during financial crises: Is the transmission mechanism impaired?

Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015

We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...

Persistent link: https://www.econbiz.de/10011314555

Monetary policy during financial crises: Is the transmission mechanism impaired?

Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015

Persistent link: https://www.econbiz.de/10011327305

Central Bank Transparency and Financial Stability: Measurement, Determinants and Effects

Horváth, Roman; Vako, Dan - 2013

We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find that the degree of transparency increased in the 2000s,...

Persistent link: https://www.econbiz.de/10011345516

International Monetary Transmission with Bank Heterogeneity and Default Risk

Tsenova, Tsvetomira - 2013

This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...

Persistent link: https://www.econbiz.de/10011345518

Financial stability and monetary policy

Hellwig, Martin - 2015

The paper gives an overview over issues concerning the role of financial stability in monetary policy. Historically, financial stability has figured highly among central banks´ objectives, with policy measures ranging from interest rate stabilization to serving as a lender of the last resort....

Persistent link: https://www.econbiz.de/10011348186

Central bank transparency and financial stability: Measurement, determinants and effects

Horváth, Roman; Vaško, Dan - 2012

Persistent link: https://www.econbiz.de/10010322299

Central bank communications before, during and after the crisis: From open-market operations to open-mouth policy

Vayid, Ianthi - 2013

The days when secrecy and opacity were the bywords of central banking are gone. The advent of inflation targeting in the early 1990s acted as the catalyst for enhanced transparency and communications in the conduct of monetary policy. In the wake of the 2007 - 09 global financial crisis, this...

Persistent link: https://www.econbiz.de/10010335670

Stability and Identification with Optimal Macroprudential Policy Rules

Chatelain, Jean-Bernard; Ralf, Kirsten - 2014

This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...

Persistent link: https://www.econbiz.de/10010335949

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