Results 21 to 30 of about 5,906 (296)
Unconventional monetary policies, with a focus on quantitative easing [PDF]
This article distinguishes between credit easing policies and quantitative easing (QE) policies. The authors argue that there are two broad transmission mechanisms associated with quantitative easing: the Friedmanian mechanism, which is based on the theory of the money multiplier and the fractional-reserve banking system; and the Keynesian mechanism ...
Lavoie, Marc, Fiebiger, Brett
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A Way to Improve Quantitative Easing through the Implementation of a Commodity Reserve
In recent years, in response to a prolonged recession and the exhaustion of conventional monetary policies and to stimulate economic recovery, the major Western economies have had to adopt unconventional quantitative easing monetary policies.
Yingxi Lu
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Revelações da crise: moeda fiduciária e as relações Tesouro/Banco Central
The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and government bonds denominated in it or, in other words, the relationship between Treasury ...
Maryse Farhi
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The US Quantitative Easing Monetary Policy and Commodities’ Prices
This PhD thesis concerns the US quantitative easing monetary policy andcommodities’ prices, exploring the transmission mechanisms of the inventoryarbitrage activity and the speculative activity for the effect of the real interest rateson commodities’ real prices and conditional volatilities during the US quantitativeeasing monetary policy period ...
Yao, Wei
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Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank [PDF]
The study identifies the balance sheet policy of central banks differentiating it from quantitative easing policy. Additionally, the study analyses various types of quantitative easing depicting their balance sheet effects.
Irena Pyka
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MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012
In reaction to the global financial crisis and ineffectiveness of traditional monetary policy, European Central Bank undertook a number of unconventional measures to preserve financial stability in the EU.
Radosław Ciukaj
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This study investigates the international spillover effects of US unconventional monetary policy (UMP)—frequently called large-scale asset purchases or quantitative easing (QE)—on advanced and emerging market economies, using structural vector ...
Zekeriya Yildirim, Mehmet Ivrendi
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The article examines the impact of the policy of the uSA quantitative easing and the euro area on the nominal EuR/ uSD exchange rate. After the economic crisis of 2008–2009, the policy of quantitative easing gained popularity among the world’s largest ...
A. A. Vinogradov
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Non-standard monetary policy measures for selected Central banks [PDF]
The main focus of this paper is presentation of non-standard monetary policy measures of selected central banks. The banks which are subject of analysis are Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan.
Martin Vesna
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Quantitative Easing and Monetary Policy Legitimate Perspective
Many economists, monetary policy makers and bankers view interest rates as an efficient tool for allocating funds, evaluating the efficiency of projects, and measuring financing costs, and that they are the main indicator of many economic variables and phenomena. Other variables, and enables those authorities to implement the monetary policy desired by
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