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Financial Intermediaries and Monetary Economics [PDF]

open access: greenSSRN Electronic Journal, 2010
Abstract We reconsider the role of financial intermediaries in monetary economics, and explore the hypothesis that the financial intermediary sector is the engine that drives the financial cycle through fluctuations in the price of risk. In this framework, balance sheet quantities emerge as a key indicator of risk appetite and, hence, for the “risk ...
Tobias Adrian, Hyun Song Shin
semanticscholar   +5 more sources

Monetary Economics. [PDF]

open access: greenThe Economic Journal, 1912
n ...
F. Lavington, W. W. Carlile
openalex   +3 more sources

The Behavioral Economics of Currency Unions: Economic Integration and Monetary Policy [PDF]

open access: greenJournal of Economic Dynamics and Control, 2019
We analyze different behavioral models of expectation formation in a multi-country New Keynesian currency union model. Our analyses yield the following robust results. First, economic integration is of crucial importance for the stability of the economic
Akvilė Bertašiūtė   +2 more
openalex   +2 more sources

Monetary economics from econophysics perspective [PDF]

open access: yesThe European Physical Journal Special Topics, 2016
This is an invited article for the Discussion and Debate special issue of The European Physical Journal Special Topics on the subject "Can Economics Be a Physical Science?" The first part of the paper traces the personal path of the author from ...
Yakovenko, Victor M.
core   +2 more sources

Unconventional Monetary Policy: Between the Past and Future of Monetary Economics [PDF]

open access: greenEuropean Journal of Economics and Economic Policies: Intervention, 2018
In this paper we discuss some of the monetary policy issues that have involved major central banks worldwide since the 2008 financial crisis, and which remain open.
Mattia Guerini   +2 more
openalex   +2 more sources

Friedman's Monetary Economics in Practice [PDF]

open access: yesSSRN Electronic Journal, 2011
This paper views the policy response to the recent financial crisis from the perspective of Milton Friedman's monetary economics. Five major aspects of the policy response are: 1) discount window lending has been provided broadly to the financial system, at rates low relative to the market rates prevailing pre-crisis 2) the Federal Reserve&
Edward Nelson, Michelle T. Hutton
openaire   +3 more sources

The level of financial inclusion in Ukraine: Measuring access, quality, and usage of financial products and services [PDF]

open access: yesBanks and Bank Systems, 2021
While financial inclusion is seen as a goal of socio-economic development, there is still no clear understanding of how to measure it. Following this concern, the paper deals with the computation of the financial inclusion index of the Ukrainian economy ...
Yuliia Shapoval   +3 more
doaj   +1 more source

Effect of financial access on cashless economy: The case of Ukraine [PDF]

open access: yesBanks and Bank Systems, 2023
The pandemic and wartime in Ukraine confirmed the importance of cashless payments for financial stability. The purpose of the paper is to examine the effect of technological infrastructure and financial access factors on cashless economy development. The
Yevhen Bublyk   +3 more
doaj   +1 more source

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