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Unregulated lending, mortgage regulations and monetary policy

Emenogu, Ugochi; Peterson, Brian - 2022 - Last updated: June 27, 2022

Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...

Persistent link: https://www.econbiz.de/10013264902

The Changing Role of Central Banks

Goodhart, Charles A. E. - 2013

Although Central Banks have pursued the same objectives throughout their existence, primarily price and financial stability, the interpretation of their role in doing so has varied. We identify three stable epochs, when such interpretations had stabilised, ie: 1.The Victorian era, 1840s to 1914; 2....

Persistent link: https://www.econbiz.de/10013094093

Government, Central Bank and Banking Supervision Reforms : Does Independence Matter?

Masciandaro, Donato - 2010

We empirically investigate whether central bank independence (CBI) and the monetary policy setting can jointly influence the likelihood that policymakers assign banking supervision to central banks. We find that, conditional on the government being a benevolent one, higher central bank...

Persistent link: https://www.econbiz.de/10013141031

Central Banks Under Stress : Reputation, Accountability and Regulatory Coherence

McPhilemy, Samuel; Moschella, Manuela - 2021

This symposium homes in on an area of public administration that has been through a period of significant change in the last ten years. Since the global financial crisis, central banks have expanded their operations in financial markets, buying up vast quantities of assets as part of expansive...

Persistent link: https://www.econbiz.de/10013214574

Future of the Economic and Monetary Union

Gortsos, Christos V. - 2022

crisis have affected the conduct of monetary policy by the European Central Bank (ECB) within the Eurosystem, have led to the … Financial Supervision (ESFS) and the then of the Banking Union (BU), in some pillars of which the role of the ECB is significant …

Persistent link: https://www.econbiz.de/10014077291

The Euro's savior? : assessing the ECB's crisis management performance and potential for crisis resolution

Bibow, Jörg - 2015

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution …. The study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in …

Persistent link: https://www.econbiz.de/10011349470

The Repeal of the Glass-Steagall Act and the Federal Reserve's Extraordinary Intervention During the Global Financial Crisis

Nersisyan, Yeva - 2015

Before the global financial crisis, the assistance of a lender of last resort was traditionally thought to be limited to commercial banks. During the crisis, however, the Federal Reserve created a number of facilities to support brokers and dealers, money market mutual funds, the commercial...

Persistent link: https://www.econbiz.de/10013029747

Preventing a New Global Financial Crisis Amidst the Current 'Inflation Crisis' and the Spring 2023 Bank Failure Episodes

Gortsos, Christos - 2023

The quite recent (2007-2009) global financial crisis (GFC), which was caused by a mix of business, regulatory, supervisory, and macroeconomic (in terms of sub-optimal fiscal and/or monetary policies) failures, had a negative impact both on the financial system – with the failure, through the...

Persistent link: https://www.econbiz.de/10014354197

The repeal of the glass-steagall act and the Federal Reserve's extraordinary intervention during the global financial crisis

Nersisyan, Yeva - 2015

Persistent link: https://www.econbiz.de/10010467778

Fostering green investments and tackling climate-related financial risks : which role for macroprudential policies?

D'Orazio, Paola; Popoyan, Lilit - 2018

While there is a growing debate among researchers and practitioners on the possible role of central banks and financial regulators in supporting a smooth transition to a low-carbon economy, the information on which macroprudential instruments could be used for reaching the "green structural...

Persistent link: https://www.econbiz.de/10011932149