Results 121 to 130 of about 4,029 (266)

Interplay of multifractal dynamics between shadow policy rates and stock markets. [PDF]

Heliyon, 2023
Aslam F, Mohti W, Ali H, Ferreira P.
europepmc   +1 more source

Monetary policy in a systemic crisis [PDF]

This paper examines the monetary policy followed during the current financial crisis from the perspective of the theory of the lender of last resort. It is argued that standard monetary policy measures would have failed because the channels through which
Xavier Freixas
core  

Central Bank Purchases and Corporate Bond Issuance during the Pandemic: The Case of Japan

Journal of Financial Research, EarlyView.
Abstract In its massive purchases of corporate bonds during the COVID‐19 pandemic, the Bank of Japan set the maximum eligible remaining maturity at 5 years. I document that during the postpandemic period, Japanese firms increased bond issuance, with the increase concentrated in (1) issuance of bonds with eligible maturities (1–5 years) and (2 ...
Yusuke Tsujimoto
wiley   +1 more source

Unconventional monetary policy and local fiscal policy

European Economic Review, 2022
Huixin Bi, Nora Traum
openaire   +1 more source

A European Exit Strategy. Bruegel Policy Brief 2009/05, 15 October 2009 [PDF]

, 2009
This Policy Brief was adapted from a paper written by the three authors and presented by Bruegel Director Jean Pisani-Ferry at the informal ECOFIN Council meetings in Gothenburg, Sweden, on 1 Oct.
von Hagen, Jürgen, Pisani-Ferry, Jean, von Weizsäcker, Jakob.   +2 more
core  

Social media, high‐frequency trading, and market making after‐hours – Evidence from presidential tweets

Journal of Financial Research, EarlyView.
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley   +1 more source

Pierre Funalot, Vers une approche écologique de la création monétaire. Le rôle des politiques monétaires non-conventionnelles dans la transition écologique par la décroissance

Revue de la Régulation
: This PhD thesis questions degrowth by exploring the links between finance and the ecological transition through monetary theory. The rise of unconventional monetary policies (UMP) after the Global Financial Crisis has reshaped financial institutions ...
Pierre Funalot
doaj   +1 more source

Real Effects of Exchange Rate Depreciation: The Roles of Bank Loan Supply and Interbank Markets

Journal of Money, Credit and Banking, EarlyView.
Abstract Using matched bank–firm‐level data and estimating difference‐in‐differences regressions around the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply by raising banks' net worth. We focus on a new channel, interbank lending from large banks with high net dollar exposure to small banks without
THORSTEN BECK, PETER BEDNAREK, DANIEL TE KAAT, NATALJA VON WESTERNHAGEN   +3 more
wiley   +1 more source

The End Justifies the Means? The Impact of the ECB’s Unconventional Monetary Policy on Citizens’ Trust

Politics and Governance
Since 2010, the European Central Bank (ECB) has established a range of unconventional monetary policies in the context of several crises, including cheap and long-term refinancing operations and several forms of asset purchases.
Moritz Rehm, Martin Ulrich
doaj   +1 more source

Monetary policy under economic uncertainty : Evidence from the Euro Area [PDF]

This brief examines the impact of economic uncertainty on the effectiveness and transmission of monetary policy, focusing particularly on the euro area. After discussing market- and news-based uncertainty indicators, we examine how uncertainty interacts ...
Stelzer, Anna, Pfarrhofer, Michael, Hauzenberger, Niko   +2 more
core