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Virtual currencies and their potential impact on financial markets and monetary policy
Dąbrowski, Marek; Janikowski, Lukasz - 2018
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10011929341
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Inflation Target Credibility : Do the Financial Markets Find the Targets Believable?
Tas, Bedri Kamil Onur - 2017
We investigate the credibility of inflation targeting (IT) central banks (CBs) by estimating perceived inflation targets of the financial markets. We calculate financial markets' beliefs about the inflation targets of 24 IT countries. Then, we analyze whether the financial markets' beliefs about...
Persistent link: https://www.econbiz.de/10012964369
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The global capital flows cycle : structural drivers and transmission channels
Habib, Maurizio Michael; Venditti, Fabrizio - 2019
In this paper, we study the effects of structural shocks that influence global risk - the main factor behind a "global capital flows cycle" - and how risk, in turn, is transmitted to capital flows. Our results show that not all the risk shocks driving the global financial cycle have the same...
Persistent link: https://www.econbiz.de/10012009141
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The influence of global financial liquidity on the Indonesian economy : dynamic analysis with threshold VAR
Ekananda, Mahjus; Suryanto, Tulus - In: Economies : open access journal 9 (2021) 4, pp. 1-20
studied. This research aims to investigate the interdependent relationships between world GDP, world commodity prices, world … autoregression (TVAR) to capture regime changes in the variables of the world economy. World economic data and Indonesia's economic … data were utilized to prove different responses to the world economic situation in two different regimes. This research …
Persistent link: https://www.econbiz.de/10012799838
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Estimating the appropriate quantity of settlement balances in a floor system
Bulusu, Narayan; McNeely, Matthew; McRae, Kaetlynd; … - 2023
In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy by providing a sufficiently large quantity of settlement balances to enable the overnight repo rate to trade at close to the deposit rate. In contrast, the Bank's guiding...
Persistent link: https://www.econbiz.de/10014392970
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Financial and price stability in emerging markets : the role of the interest rate
Menna, Lorenzo; Tobal, Martin - 2018
Persistent link: https://www.econbiz.de/10011867162
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Global liquidity and impairment of local monetary policy
Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis - 2019 - This version: November 2019
Persistent link: https://www.econbiz.de/10012198173
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Global liquidity and impairment of local monetary policy
Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis - 2019
Persistent link: https://www.econbiz.de/10012176126
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Global liquidity and impairment of local monetary policy
Peydró, José-Luis; Fendoglu, Salih; Gulsen, Eda - 2020
Persistent link: https://www.econbiz.de/10012302153
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Chapter 23. The Performance of Alternative Monetary Regimes
Ball, Laurence - In: Handbook of monetary economics : volume 3, (pp. 1303-1343). 2010
This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2)...
Persistent link: https://www.econbiz.de/10014025619