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Redefining a role for central banks: The increased importance of central banks’ roles in the management of liquidity risks and macro prudential supervision in the aftermath of the...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
their supervisory roles and functions, have necessitated an extension of central banks role in the management of liquidity …
Persistent link: https://www.econbiz.de/10008683306
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Central bank independence: monetary policies in selected jurisdictions (III)
Ojo, Marianne; Ayadi, Felix - Volkswirtschaftliche Fakultät, … - 2013
A sufficient and appropriate degree of central bank independence is widely acknowledged to be necessary for the goal of achieving price stability. However, despite the levels of independence claimed to be enjoyed by several central banks, recent events indicate shifts in focus of monetary policy...
Persistent link: https://www.econbiz.de/10011257824
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The role of monetary policy in matters relating to financial stability: Monetary policy responses adopted during the most recent Financial Crisis
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
could become overly dependent on monetary policy and liquidity sustenance measures provided during deteriorating financial …
Persistent link: https://www.econbiz.de/10008740556
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Juridical and financial considerations on the public re capitalisation and rescue of financial institutions during periods of financial crises
Ojo, Marianne; Rodriguez-Miguez, Jose - Volkswirtschaftliche Fakultät, … - 2010
As well as a consideration of why the lender of last resort facility should be used for emergency situations and systemically relevant institutions in particular, an interesting point which will be considered in this paper is the comparison between the European Central Bank (ECB) Recommendation...
Persistent link: https://www.econbiz.de/10008683301
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Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009
This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...
Persistent link: https://www.econbiz.de/10009323454
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Preparing for Basel IV: why liquidity risks still present a challenge to regulators in prudential supervision
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
recent Basel Committee's initiatives, that is, Basel III. These two regulatory tools being capital and liquidity requirements … why the Basel Committee's liquidity requirements and present proposals aimed at addressing liquidity risks, still … Crisis, the paper will highlight how runs on banks are triggered by liquidity crises and that liquidity risks cannot be …
Persistent link: https://www.econbiz.de/10008777385
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Restaurar a credibilidade das fundações jurídica e económica da estabilidade financeira: A necessidade de incorporação de teorias econômicas?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011257768
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Restaurer la crédibilité des fondements juridiques et économiques de la stabilité financière: la nécessité d'incorporation des théories économiques?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011258328
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Restoring the credibility of the legal and economic foundations of financial stability: The need for incorporation of economic theories?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011259862
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Central bank independence: monetary policies in selected jurisdictions (II)
Ayadi, Felix; Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
Through an investigation of selected jurisdictions, this paper aims to contribute to the extant literature in investigating the relationship between central bank independence and price stability, as well as how such a relationship varies between different jurisdictions – even though it is...
Persistent link: https://www.econbiz.de/10011259909