Search Results - subject:"quantitative monetary easing"

Negative Interest Rates under the Quantitative Monetary Easing Policy in Japan: The Mechanism of Negative Yen Funding Costs in the FX Swap Market

Nishioka, Shinichi; Baba, Naohiko - Bank of Japan - 2004

(FX) swap market, almost constantly observed since the adoption of the quantitative monetary easing policy in March 2001 …-free interest rate has declined under the quantitative monetary easing policy, however, the difference in credit-risk premium has …

Persistent link: https://www.econbiz.de/10010894554

Policy duration effect under zero interest rates : an application of wavelet analysis

Okina, Kunio; Shiratsuka, Shigenori - 2004

A major feature of recent monetary policy in Japan has been heavy reliance on the so-called policy duration effect. This policy employs a commitment to compensate for the central bank s inability to lower the interest rate below zero by altering the anticipated course of monetary policy actions....

Persistent link: https://www.econbiz.de/10011402630

Quantitative Monetary Easing and Risk in Financial Asset Markets

Kimura, Takeshi; Small, David - In: Topics in Macroeconomics 6 (2006) 1, pp. 1274-1274

monetary easing" recently undertaken by the Bank of Japan when the nominal short-term interest rate was virtually at zero …In this paper, we empirically examine the portfolio-rebalancing effects stemming from the policy of "quantitative …

Persistent link: https://www.econbiz.de/10005086977

Quantitative Monetary Easing and Risk in Financial Asset Markets

Kimura, Takeshi; Small, David H. - In: Contributions in Macroeconomics 6 (2006) 1, pp. 1-54

“quantitative monetary easing” recently undertaken by the Bank of Japan when the nominal short-term interest rate was virtually at …

Persistent link: https://www.econbiz.de/10015359910