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We study the effects of negative interest rate policies (NIRP) on the transmission of monetary policy through cross-border lending. Using bank-level data from international financial centres - the United Kingdom, Hong Kong and Ireland - we examine how NIRP in the economies where banks have their...
Persistent link: https://www.econbiz.de/10013547998
We show that nonbank lenders act as global shock absorbers from US monetary policy spillovers. We exploit loan-level data from the global syndicated lending market and US monetary policy surprises. When US policy tightens, nonbanks increase dollar credit supply to non-US firms (relative to...
Persistent link: https://www.econbiz.de/10014335622
We study the effects of negative interest rate policies (NIRP) on the transmission of monetary policy through cross-border lending. Using bank-level data from international financial centres (IFCs) – the United Kingdom, Hong Kong and Ireland – we examine how NIRP in the economies where banks...
Persistent link: https://www.econbiz.de/10014355987
This working paper is written by Desislava Andreeva (European Central Bank), Andra Coman (European Central Bank), Mary Everett (Central Bank of Ireland), Maren Froemel (Bank of England), Kelvin Ho (Hong Kong Monetary Authority), Simon Lloyd (Bank of England), Baptiste Meunier (European Central...
Persistent link: https://www.econbiz.de/10014256750
We study the effects of negative interest rate policies (NIRP) on the transmission of monetary policy through cross-border lending. Using bank-level data from international financial centres – the United Kingdom, Hong Kong and Ireland – we examine how NIRP in the economies where banks have...
Persistent link: https://www.econbiz.de/10014257755
The World Bank Group, which commits tens of billions of dollars to funding projects in the developing world every year … the developing world, and their revision marks an important opportunity to improve procurement practices worldwide. In … corruption, in projects funded by the World Bank …
Persistent link: https://www.econbiz.de/10013142969
This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a … effective, regaining traction and preventing contagion. A central instrument to this end is the creation of the World Financial …
Persistent link: https://www.econbiz.de/10013095450
. They are a vehicle to manage foreign exchange reserves and wealth which have been accumulating in the emerging world …, particularly in the BRICs. However, while China and Russia set up SWFs over the last decade, India and Brazil still lack such funds … India on whether that country should have such a fund. In this way, influential societal actors, in particular the central …
Persistent link: https://www.econbiz.de/10003982904
in the financial world. The dominant effect of these funds in International finance was on display during the recent … Wealth Fund for India. The identified variables were later distinguished under 6 decision streams. The static state of these …, that India is comfortably placed on forex reserve front which is adequate on all the adequacy matrices but the present …
Persistent link: https://www.econbiz.de/10013089299
the country. This is especially true for energy deficient country like India, an emerging economy with close to 82 … India to improve supply side equity oil contribution in country crude basket, the performance of Indian NOCs has been … security strategies of India and China and secondly reconfirmed the reserve adequacy of India and re-established that India …
Persistent link: https://www.econbiz.de/10013089341