Similar Search Results

Interest Rate Control in a Model of Monetary Policy

Dale, Spencer; Haldane, Andrew - 2003

A monetary economy comprises a vast array of market-clearing interest rates. Central banks exert a direct influence over only a narrow subset of these rates: the rate at which they supply marginal funds to the commercial banking system. Accordingly, the market interest rates which impinge upon...

Persistent link: https://www.econbiz.de/10014063371

The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve : A Macro-Finance Approach

Oda, Nobuyuki; Ueda, Kazuo - 2005

rebalancing effect - either by the BOJ's supplying ample liquidity or by its purchases of long-term government bonds - has not …

Persistent link: https://www.econbiz.de/10014065438

Impact of US quantitative easing policy on emerging Asia

Morgan, Peter J. - 2011

The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has aroused widespread concerns in Asia and elsewhere regarding its possible impact in terms of the weakening of the US dollar and stimulating capital outflows to emerging economies...

Persistent link: https://www.econbiz.de/10009379704

Scarcity and Spotlight Effects on Liquidity : Quantitative Easing in Japan

Pelizzon, Loriana - 2018

We investigate the determinants of the term structures of bond yield and market liquidity in the context of the … (JGBs) show an improvement in liquidity through the spotlight effect but also experience a deterioration in liquidity … deterioration in liquidity …

Persistent link: https://www.econbiz.de/10012929473

Negative interest rates, COVID-19, and the finances of listed euro firms

Eije, Johan H. von - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 117-143

. Cross section fixed effects are applied to first differences and dummy variables. For liquidity and non-liquid assets the … liquidity ratios and creditor ratios decline when short-term ECB-rates fall. If ECB rates are negative, liquidity ratios are ….6% smaller, while liquidity ratios increased by 2.3 percentage points. Originality / value of the article: Papers on the …

Persistent link: https://www.econbiz.de/10013202353

Bank Lending and Interest on Excess Reserves

Hogan, Thomas L. - 2018

This paper analyzes the relationship between bank lending and the Federal Reserve's policy of paying interest on excess reserves (IOER). We argue that the Fed's IOER policy deviates from the standard interest-rate floor framework in ways that influence banks' incentives to hold loans and...

Persistent link: https://www.econbiz.de/10012928234

Central bank reserves and interbank market liquidity in the euro area

Beaupain, Renaud; Durré, Alain - In: Journal of financial intermediation 22 (2013) 2, pp. 259-284

Persistent link: https://www.econbiz.de/10009729997

The Quest for Stability: The Macro View

Buiter, Willem H.; Gerlach, Stefan; Kool, Clemens J.M.; … - 2010

On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.

Persistent link: https://www.econbiz.de/10011689943

The macro view

Balling, Morten (ed.); Berk, Jan Marc (ed.); … - Colloquium The Quest for Stability <2009, Utrecht>; … - 2010

On September 3-4, 2009, SUERF and Utrecht University School of Economics jointly organized the 28th SUERF Colloquium on "The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB and Rabobank are based on contributions to this...

Persistent link: https://www.econbiz.de/10011706504

The Quest for Stability: the macro view

Buiter, Willem Hendrik; Gerlach, Stefan; Kool, Clemens J.M. - SUERF - The European Money and Finance Forum

Persistent link: https://www.econbiz.de/10008544608