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Monetary policy effects on equity returns: application of SVAR identified with high-frequency external instrument [PDF]
The purpose of this study is to examine the effects of monetary policy on equity returns by applying an alternative econometric approach. Campbell and Ammer (1993) decomposed unexpected equity excess returns into three news components: risk premium news,
Woon Wook Jang
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WIBOR, WIRON, WIBID, POLONIA as reference rates for bank loans
The paper discusses issues connected with the use of selected indices (WIBOR, WIBID, WIRON, POLONIA) as benchmarks for bank loans. In the introduction, the author addresses the problem of manipulation of rates, which are characterized by the forecasting ...
Król Patryk
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The purpose of the article is to assess the gap between people’s readiness for effective activity in the digital economy and to identify the functional capabilities of universities to reduce this gap. The research used methods of generalizations, logical,
Stepura Tetiana, Kuzmak Olena
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The Impact of Macroprudential Policy on Credit Growth in Nine Euro Area Economies
In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical ...
Lorenčič Eva +2 more
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Fintech Innovation in the Financial Sector: Influence of E-Money Products on a Growing Economy
The FinTech innovation of e-money products in the financial sector has not gained sufficient recognition in Nigeria’s developing country. Despite the numerous economic benefits associated with this innovation, physical cash for financial transactions is ...
Omodero Cordelia Onyinyechi
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Monetary Policy and Domestic Investment in Nigeria: The Role of the Inflation Rate
Economic theory suggests that monetary policy can be used to stabilize an economy. However, the ability of monetary policy targets—interest rates and money supply—to stabilize an economy depends on their ability to achieve price stability.
Ezeibekwe Obinna Franklin
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Oil price shock in the US and the euro area – evidence from the shadow rate and the term premium
The aim of this article is to investigate the consequences of oil price changes for the economy of the US and the euro area. Oil price transmission channel is assessed using Granger causalities and structural vector autoregressive (VAR) specifications ...
Pažický Martin
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Turnover in EU Monetary Policy in a Crisis
The role of monetary policy has become increasingly important in recent years, as a range of economic challenges have emerged, affecting both developing and economically advanced countries.
Lebedeva Larysa, Shkuropadska Diana
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The reputation of a newborn central bank
Most of the problems that the European Central Bank has encountered are due to the slow progress made in improving the quality of the monetary union. The increasing variance of the inflationary process among the 12 countries, especially at the extremes ...
Zeno Rotondi, Giacomo Vaciago
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