Results 11 to 20 of about 8,569 (258)
International Journal of Islamic Economics and Finance, 2021 Monetary management is an essential part of the objectives of Shari’ah under the umbrella of the preservation of wealth (Ma’al). Our primary sources: Qur’an and Sunn’ah, provide divine legislation on the prohibition of Riba to manage bases of monetary ...
Mohammad Kabir Hassan +3 more
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The effects of conventional and unconventional monetary policy on exchange rate volatility
Cogent Economics & Finance, 2021 This paper examines the impacts of U.S. conventional and unconventional monetary policy announcements on the volatility of six exchange rates, namely Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, and Swiss franc against the U.S ...
Wan Wei, Susan Pozo
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Should Unconventional Monetary Policies Become Conventional? [PDF]
IMF Working Papers, 2017 The large recession that followed the Global Financial Crisis of 2008-09 triggered unprecedented monetary policy easing around the world. Most central banks in advanced economies deployed new instruments to affect credit conditions and to provide liquidity at a large scale after shortterm policy rates reached their effective lower bound. In this paper,
Quint, Dominic, Rabanal, Pau
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The Transmission of Monetary Policy Through Conventional and Islamic Banks [PDF]
SSRN Electronic Journal, 2012 We investigate the differences in banks’ responses to monetary policy shocks across bank size, liquidity, and type—i.e., conventional versus Islamic—in Pakistan between 2002:Q2 and 2010:Q1. We find that following a monetary contraction, small banks with liquid balance sheets cut their lending less than other small banks.
Zaheer, Sajjad +2 more
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DO MONETARY AGGREGATES BELONG IN A MONETARY MODEL? EVIDENCE FROM THE UK
Buletin Ekonomi Moneter dan Perbankan, 2020 Conventional monetary models focus on interest rates and omit monetary aggregates from policy discussions. This paper examines whether augmenting the measure of monetary policy with monetary aggregates helps determine more robust links between policy and
Mehmet Ezer
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Eesti Majanduspoliitilised Väitlused, 2015 In the present article effectiveness and potential risks of recently implemented non-conventional monetary policy measures by the Eurosystem are discussed.
Armin Rohde
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Responses of Islamic banking variables to monetary policy shocks in Indonesia [PDF]
Islamic Economic Studies, 2021 Purpose – This paper investigates the structural model of vector autoregression (SVAR) of the interdependent relationship of inflation, monetary policy and Islamic banking variables (RDEP, RFIN, DEP, FIN) in Indonesia.
Aula Ahmad Hafidh
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Forward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks
Finance and Economics Discussion Series, 2020 Standard structural VAR models and estimation using Romer and Romer (2004) monetary policy shocks show that, in samples after the 1980s, a contractionary conventional monetary policy shock generates smaller and sometimes perversely-signed impulse responses compared to earlier samples. Using insights from the central bank information effects literature,
Chunya Bu, John Rogers, Wenbin Wu
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A new approach to measuring economic policy shocks, with an application to conventional and unconventional monetary policy [PDF]
Quantitative Economics, 2021 We propose a new approach to analyze economic shocks. Our new procedure identifies economic shocks as exogenous shifts in a function; hence, we call them “ functional shocks.” We show how to identify such shocks and how to trace their effects in the economy via VARs using “ VARs with functional shocks” and ...
Inoue, Atsushi, Rossi, Barbara, 1971-
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The Impact of Conventional and Unconventional Monetary Policy on Expectations and Sentiment [PDF]
SSRN Electronic Journal, 2016 This paper offers evidence on the effect of ECB's conventional and unconventional monetary policy on economic expectations in Euro-area countries during the US and EU crisis. We employ a range of research methodologies in a sample of nine Eurozone countries and combine expectations/sentiment indicators with a set of macroeconomic and financial ...
Galariotis, Emilios +2 more
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