Transmission of monetary policy and exchange rate shocks under foreign currency lending
نویسندگان
چکیده
منابع مشابه
Monetary Policy under Exchange- Rate Flexibility and Discussion
The continuing depreciation of the dollar stands out as one of the big policy issues, it has started to impinge on U.S. monetary policy; it influences the chances for international commercial diplomacy, and it is enhancing the move toward European monetary integration. Above all it leaves most observers with a puzzle as to the causes of the ongoing depreciation. This paper will, of course, not ...
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15 صفحه اولMonetary Policy, Exchange Rate Flexibility, and Exchange Rate Pass-Through
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متن کاملInterbank lending and monetary policy transmission: evidence for Germany
This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks. Whereas small cooperative and savings banks do not seem to directly access the interbank market themselves, they do so indirectly through ...
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Financial intermediation and bank spreads are important elements in the analysis of business cycle transmission and monetary policy. We present a simple framework that introduces lending relationships, a relevant feature of financial intermediation that has been so far neglected in the monetary economics literature, into a dynamic stochastic general equilibrium model with staggered prices and c...
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ژورنال
عنوان ژورنال: Post-Communist Economies
سال: 2018
ISSN: 1463-1377,1465-3958
DOI: 10.1080/14631377.2018.1442058