Financial Crisis, Global Liquidity and Monetary Exit Strategies
نویسندگان
چکیده
منابع مشابه
Bank Liquidity and the Global Financial Crisis
We investigate the stochastic dynamics of bank liquidity parameters such as liquid assets and nett cash outflow in relation to the global financial crisis. These parameters enable us to determine the liquidity coverage ratio that is one of themetrics used in ratio analysis to measure bank liquidity. In this regard, numerical results show that bank behavior related to liquidity was highly procyc...
متن کاملExit Strategies from The Global Crisis
While the form of crises may change, their essence remains the same (such as a cycle of abundant liquidity, rapid credit growth, and a low-inflation environment followed by an asset-price bubble). The current market turbulence began in mid-2000s when the US economy shifted to imbalanced both internal and external macroeconomic positions. We see two key causes of these problems – loose US moneta...
متن کاملFinancial Crises, Unconventional Monetary Policy Exit Strategies, and Agents’ Expectations
This paper studies the implications of exit strategies from unconventional monetary policy. Using a Markov switching DSGE model with financial frictions, agents in the model have rational expectations about the probability of financial crises, the probability of an unconventional response to crises, and the exit strategy used. Selling offassets quickly produces a double-dip recession; in contra...
متن کاملAppendix to “Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach”
holds, then (51) holds for for ≥ and ∈ ( ()]. However (51) does not hold for 0 if (52) holds. If 0 and (52) holds then (51) holds for ∈ ( ()] If (52) does not hold, then from (51) an equilibrium of this type cannot exist for 0 If ≤ 0 and (52) does not hold, then (51) holds for ∈ ( ()] Proof of Propositions 1(ii), 2(ii), and 3(ii). In an equ...
متن کاملSettlement Liquidity and Monetary Policy Implementation -- Lessons from the Financial Crisis
he U.S. dollar clearing and settlement system was little noticed during the recent financial crisis, mainly because it performed dependably, processing record volumes and values of trades made in stressed financial markets. Its successful operation was in part a result of the collaborative efforts undertaken by stakeholders over decades to improve risk management and operational resiliency. Und...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1618201