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Monetary Policy at Work : Security and Credit Application Registers Evidence

Peydró, José-Luis - 2020

Monetary policy transmission may be impaired if banks rebalance their portfolios towards securities. We identify the bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers. In crisis times, with higher ECB liquidity, less...

Persistent link: https://www.econbiz.de/10012854350

The transmission of German monetary policy in the pre-Euro period

Lütkepohl, Helmut; Wolters, Jürgen - 2001

A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...

Persistent link: https://www.econbiz.de/10011400913

The transmission of German monetary policy in the pre-Euro period

Lütkepohl, Helmut; Wolters, Jürgen - 2001

analysis ; monetary policy ; money demand ; structural vector error correction model …

Persistent link: https://www.econbiz.de/10009616780

The Transmission of German Monetary Policy in the Pre-Euro Period

Luetkepohl, Helmut; Wolters, Jürgen - 2021

rate and shows the interaction of the main variables of the monetary sector. Monetary Policy, Money Demand, Structural …

Persistent link: https://www.econbiz.de/10013320723

Negative Monetary Policy Rates and Portfolio Rebalancing : Evidence from Credit Register Data

Bottero, Margherita - 2019

We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrativedata from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply---and hence the real economy---through a portfolio rebalancing channel. NIRP affects banks...

Persistent link: https://www.econbiz.de/10012889149

Monetary Policy and Bank Lending in Developing Countries : Loan Applications, Rates, and Real Effects

Abuka, Charles Augustine - 2019

Recent studies of monetary policy in developing countries document a weak bank lending channel based on aggregate data. In this paper, we bring new evidence using Uganda's supervisory credit register, with microdata on loan applications, volumes and rates, coupled with unanticipated variation in...

Persistent link: https://www.econbiz.de/10012901740

The role of monetary aggregates in the policy analysis of the Swiss National Bank

Kirchgässner, Gebhard; Wolters, Jürgen - 2010

quantity of money and or excess money can be used to forecast inflation. After a preliminary data analysis, money demand … relations are specified, estimated and tested. Then, employing error correction models, measures of excess money are derived … money is generally a better predictor than the quantity of money. Taking into account also the most (available) recent …

Persistent link: https://www.econbiz.de/10010266089

The role of monetary aggregates in the policy analysis of the Swiss National Bank

Kirchgässner, Gebhard; Wolters, Jürgen - 2010

Persistent link: https://www.econbiz.de/10003936693

The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Kirchgässner, Gebhard - 2013

Persistent link: https://www.econbiz.de/10013095154

Spekulation, Preisbildung und Volatilität auf Finanz- und Devisenmärkten

Alexander, Volbert; Kugler, Peter; Streissler, Erich; … - Verein für Socialpolitik / Ausschuss für Geldtheorie … - 1998

Die Beiträge des Bandes befassen sich mit den Mechanismen der Preisbildung auf den Finanz- und Devisenmärkten. Besonderes Interesse gilt der Rolle von Spekulation und Arbitrage und der sich daraus ergebenden Volatilität der Finanzmarktpreise. -- Der Beitrag von E. W. Streissler hat die...

Persistent link: https://www.econbiz.de/10011401983