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the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10011714705
the initial shock; and (iii) asset purchase policies and long-term refinancing operations can both be successful in …
Persistent link: https://www.econbiz.de/10011653062
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the initial shock; and (iii) central bank asset purchases and long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10012921904
source of banking crisis, causing an increase in interbank funding costs, aggravating the initial shock; and (iii) asset …
Persistent link: https://www.econbiz.de/10012271646
the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10011694722
the initial shock; and (iii) central bank asset purchases and long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10011853327
foreign counterparts, I examine its role as shock ampli.er and the implications for unconventional policy interventions Using … as shock multipliers on union output. Country-specific unconventional policies of direct lending to firms seem to be the … interbank market seems to be very sensitive to the type of shock and the interbank market size. Hence, the central bank should …
Persistent link: https://www.econbiz.de/10011773490
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This paper shows that depending on the distribution of banks' uncertain liquidity needs and on how monetary policy is implemented, frictions in the interbank market may reinforce the effectiveness of monetary policy. The frictions imply that with its lending and deposit facilities the central...
Persistent link: https://www.econbiz.de/10010252806