THE ROLE OF MACROPRUDENTIAL POLICY TO MANAGE EXCHANGE RATE VOLATILITY, EXCESS BANKING LIQUIDITY, AND CREDITS
نویسندگان
چکیده
منابع مشابه
Fundamentals News , Global Liquidity and Macroprudential Policy ∗
We study optimal macroprudential policy in a model in which unconventional shocks, in the form of news about future fundamentals and regime changes in world interest rates, interact with collateral constraints in driving the dynamics of financial crises. These shocks strengthen incentives to borrow in good times (i.e. when “good news” about future fundamentals coincide with a low-world-interest...
متن کاملthe role of russia in transmission of energy from central asia and caucuses to european union
پس ازفروپاشی شوروی،رشد منابع نفت و گاز، آسیای میانه و قفقاز را در یک بازی ژئوپلتیکی انرژی قرار داده است. با در نظر گرفتن این منابع هیدروکربنی، این منطقه به یک میدانجنگ و رقابت تجاری برای بازی های ژئوپلتیکی قدرت های بزرگ جهانی تبدیل شده است. روسیه منطقه را به عنوان حیات خلوت خود تلقی نموده و علاقمند به حفظ حضورش می باشد تا همانند گذشته گاز طبیعی را به وسیله خط لوله مرکزی دریافت و به عنوان یک واس...
15 صفحه اولDiscussion of “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy”∗
The U.S. financial crisis of 2007–09 has engendered considerable research effort seeking to understand the interaction of the housing sector with the real economy. A primary obstacle to understanding this matter is the absence of a coherent model of the housing market. Justiniano, Primiceri, and Tambalotti (2012) make clear that standard dynamic stochastic general equilibrium models—of the kind...
متن کاملThe Impact of Exchange Rate volatility on Banking Performance (case of Iran)
Banks play an important role in the Iranian economy which has a bank-based financial system. We examined the impact of exchange rate volatility as a determinant of banks' performance. In recent years, the exchange rate has been volatile in the Iranian economy and have an adverse effect on banks' performance. This study, investigate the issue for the period 2007-2017 for 14 Iranian banks. Exchan...
متن کاملIran’s Maize Import Policy Based on the Exchange Rate Volatility and Price Expectation
The present study has made an attempt to discuss the effects of exchange rate volatility and price expectation on maize imports in Iran from 1980 to 2013. In doing so, using the EGARCH technique for time series econometrics, price volatility variables for both exchange rate and final price have been calculated, and the time series for these variables have been extracted. Additionally, in regard...
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: Buletin Ekonomi Moneter dan Perbankan
سال: 2015
ISSN: 2460-9196,1410-8046
DOI: 10.21098/bemp.v18i1.511