The interaction of monetary and financial tasks in different central bank structures

Using equations (12)-(14), we evaluate the effects of transparency on the supply-side fiscal policies of member countries and the macroeconomic performance. Furthermore, we

Reflections of the New Economy on the Monetary Policy and Central Banking The use of information and communication technologies in monetary sector commonly has emerged new

The monetary policy is thus in part responsible, not only in the creation of the housing and financial bubble, but also in the bursting of this bubble and the economic

In practice, the deposited funds mainly belonging to government institutions, where the Ministry of Economy and Finance (budgetary resources) is among the main

22 In this respect, the optimal capital ratios are regarded as ”those ratios which the banks would have observed if the depositors had been able to assess their financial

Thus, the ZIRP and QMEP commitments have flattened the credit curves for, and lowered the dispersion of, NCD issuance rates by mainly reducing risk premiums for banks with relatively

Furthermore, using the Cholesky decomposition we conclude that the new monetary policy shock measure is exogenous, even when including more macro variables than those used by Romer

“Learning and the Monetary Policy Strategy of the European Central Bank”, Georgetown University in Washington DC ,February 3, 2004 , p.1. “We also find that there are practically