Monetary Policy and Global Banking

Banking Competition, Capital Accumulation, and Monetary Policy

In recent years, the increased concentration of activity in the banking system has received much attention. This paper studies the implications of concentration in the banking sector for economic activity. Changes in the competitive structure affect investment, risk-sharing, and social welfare. A key aspect of our analysis is that banks in more concentrated systems allocate a lot of resources t...

Global Knowledge, Local Solutions: Interest Rate and Monetary Policy

British Monetary Policy and the Banking System in the 1950s

Throughout the 1950s the British government practised demand management through the banking system by issuing a series of requests that they should control the levels of credit in the economy. Such an approach to economic management can be justified on two grounds [17, pp. 157-60]. From a macroeconomic point of view, the restraints on lending can be seen as a way of controlling monetary expansi...

Unconventional Monetary Policy and the Safety of the Banking System

This paper presents a simple general equilibrium model which simultaneously incorporates the banking sector and the monetary and macroprudential policy of the Central Bank. Banks are viewed as intermediaries which channel funds from cash pools and depositors who insist on the complete safety of their funds, and investors who accept risks, to borrowers who invest in risky projects. Bank debt is ...

The Impact of Domestic and Foreign Monetary Policy on Iran\'s economy: Global Modeling

One of the striking features of the business cycles is the patterns of co-movement of output, inflation, interest rates, and real equity prices across countries. This paper empirically examines the effects of domestic and foreign monetary policies on Iranchr('39')s macroeconomic variables (including real production, inflation, short-term interest rate, and real exchange rate) using quarterly da...