Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2020
Great Financial Crisis (GFC). Fractional integration and long-memory methods are then applied to investigate how those …The overnight money market rate is a key monetary policy tool. In recent years, central banks worldwide have developed … describes the main instruments used for this purpose by the US Fed, the ECB and the BoE and also their policy responses to the …