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Financial Structure and Monetary Transmission in Europe

Author : Gabe J. De Bondt

Publisher : Edward Elgar Publishing

Page : 184 pages

File Size : 22,13 MB

Release : 2000-01-01

Category : Business & Economics

ISBN : 9781782542759

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Book Description

'I can fully recommend this book to those interested in the transmission process of monetary policy.' - Harry Garretsen, De Economist Due to financial market imperfections it is imperative to analyse the relationship between financial structure and the monetary policy transmission process in Europe to effectively design and implement European monetary policy. Focusing on the years 1980-1995 and providing empirical evidence for six European countries, namely Germany, France, Italy, the UK, Belgium and the Netherlands, the author discusses whether cross-country variations in financial structure have a systematic relationship with inter-country differences in the monetary transmission process. The analysis of this is invaluable as differences in financial structures across EMU countries may hamper the implementation of a common European monetary policy in the future. The conclusion is that some elements of the financial structure are clearly relevant and applicable for European monetary policy and the monetary transmission process in particular.



Monetary Policy Transmission in the Euro Area

Author : Ignazio Angeloni

Publisher : Cambridge University Press

Page : 515 pages

File Size : 21,90 MB

Release : 2003-12-04

Category : Business & Economics

ISBN : 1139438816

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Book Description

This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.



Monetary Policy in Times of Crisis

Author : Massimo Rostagno

Publisher : Oxford University Press

Page : 449 pages

File Size : 20,90 MB

Release : 2021

Category : Business & Economics

ISBN : 0192895915

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Book Description

The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume examines the structures and decision-making processes behind the complex measures taken by the ECB to tackle some of the toughest economic challenges in the history of modern Europe.





Monetary Policy Transmission in Emerging Markets and Developing Economies

Author : Mr.Luis Brandao-Marques

Publisher : International Monetary Fund

Page : 54 pages

File Size : 13,45 MB

Release : 2020-02-21

Category : Business & Economics

ISBN : 1513529730

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Book Description

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.



Negative Interest Rate Policy (NIRP)

Author : Andreas Jobst

Publisher : International Monetary Fund

Page : 48 pages

File Size : 43,73 MB

Release : 2016-08-10

Category : Business & Economics

ISBN : 1475524471

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Book Description

More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.



Handbook of European Financial Markets and Institutions

Author : Xavier Freixas

Publisher :

Page : 848 pages

File Size : 36,47 MB

Release : 2008-01-03

Category : Business & Economics

ISBN :

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Book Description

Written by leading academics and practitioners, this book provides an overview of financial markets and addresses major policy issues using the most advanced tools of theoretical and empirical economic analysis. In particular, the book focuses on financial integration and the structural reforms now taking place in the European financial sector.



The Federal Reserve System Purposes and Functions

Author : Board of Governors of the Federal Reserve System

Publisher :

Page : 0 pages

File Size : 43,49 MB

Release : 2002

Category : Banks and Banking

ISBN : 9780894991967

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Book Description

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.





Monetary Policy, Islamic Finance, and Islamic Corporate Governance

Author : Toseef Azid

Publisher : Emerald Group Publishing

Page : 275 pages

File Size : 30,63 MB

Release : 2021-06-16

Category : Business & Economics

ISBN : 1800437889

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Book Description

Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.