Varianten unkonventioneller Geldpolitik (z.B. „Quantitative Easing“) zu bekämpfen. Was in den USA oder in Großbritannien … unconventional monetary policies (eg “quantitative easing”). What may have worked in the US or in the UK, will not work in the euro …

, U.S. monetary policies tend to spill over to foreign economies, whether or not they have their own currency. In this …-dollarized economies (Chile, Colombia, and Mexico). We find, first, that domestic bank interest rates are not perfectly responsive to U ….S. interest rates, even in dollarized economies; this may reflect barriers to capital flows, domestic controls, and/or …

model in which the central bank can deal with private-sector mismatch, and the associated risk of a domestic financial … crisis, in two ways: (i) by imposing ex ante financial regulations such as bank capital requirements; or (ii) by building a …. This is because individual central banks do not internalize that their hoarding of reserves exacerbates a global scarcity …

model in which the central bank can deal with private-sector mismatch, and the associated risk of a domestic financial … crisis, in two ways: (i) by imposing ex ante financial regulations such as bank capital requirements; or (ii) by building a …. This is because individual central banks do not internalize that their hoarding of reserves exacerbates a global scarcity …

put at risk by the combination of the 2022 sanctions against Russia and new technological developments, specifically … Central Bank Digital Currencies. CBDCs promise faster, cheaper, and better ways to settle international trade and financial … transactions. CBDCs are coming and are likely to underpin major changes in the global financial system. We analyse the potential …

significant credit risk is a fiscal decision and should be made by the elected government not by an independent agency, whether … made to banks or non-banks. And it should be the Treasury's role, as advised by the Fed, to determine when there is … approval of the Treasury, again whether to banks or non-banks, as part of their role as liquidity supplier and lender of last …

FOMC decisions varies 5 to 10 basis points between the best and worstperformers across the sample. This heterogeneity is … found to be related to both the skills of analysts - such as their educational and employment backgrounds - and to geography … anticipating monetary policy. This evidence is indicative that limited attention and heterogeneous priors are present even for …

policy i0 passes and moves to round r + 1. There are two cases: either i0 also belongs to the undominated set or it does not … various voting (or bargaining) protocols. Then, their respective theoretical and empirical implications are derived, and all …. These two protocols yield outcomes di erent from the median policy and predict an inaction region (or gridlock interval …

into account one or two financial variables and clearly do not target asset … estimations to check whether, after controlling for nonlinearities, the ECB and the other two central banks are still (or not … Bank and the Bank of England tend to follow a nonlinear Taylor rule, but not the Federal Reserve of the United States. In …

, reactivated temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) Repo … Facility. We provide new evidence on how the central bank swap lines and FIMA Repo Facility can reduce strains in global dollar … funding markets and U.S. Treasury markets during extreme stress events. These facilities are found to reduce strains in dollar …