Changes In Financial Intermediation Structure Their Implications For Central Bank Policies
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Changes In Financial Intermediation Structure Their Implications For Central Bank Policies
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Author : Huh Jinho
language : en
Publisher:
Release Date : 2015
Changes In Financial Intermediation Structure Their Implications For Central Bank Policies written by Huh Jinho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Korea's financial intermediation structure has changed significantly since the global financial crisis: the shares of corporate fund-raising through direct financing and of fixed rate and collateralised lending have expanded. Corporate reliance on direct financing has increased, but indirect financing still serves as the major funding channel. Accordingly, bank lending and deposit rates and credit are important transmission channels for monetary policy. Against the backdrop of these changes in the financial intermediation structure, this paper will discuss the implications for monetary policy from the perspective of the effectiveness of policy rate transmission channels, the impact of external shocks such as changes in the monetary policy stance of major economies, and financial stability.Full publication: "http://ssrn.com/abstract=2692232" What Do New Forms of Finance Mean for EM Central Banks?
The New Finance
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Author : Franklin R. Edwards
language : en
Publisher: American Enterprise Institute
Release Date : 1996
The New Finance written by Franklin R. Edwards and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.
Shadow Banking And The Conduct Of Monetary And Macroprudential Policy
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Author : Philipp Kirchner
language : en
Publisher: BoD – Books on Demand
Release Date : 2020-01-01
Shadow Banking And The Conduct Of Monetary And Macroprudential Policy written by Philipp Kirchner and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-01 with Business & Economics categories.
Since the occurrence of the Great Financial Crisis (GFC) in 2007/2008, our understanding of (macro) economics changed fundamentally. The evolution of the GFC revealed fundamental changes in the structural composition of financial systems in that traditional retail banking services, especially in the U.S., shifted progressively into a market-based banking system called the shadow banking system. Consequently, policy makers were forced to adapt the existing toolkit in two ways: implementing unconventional monetary measures to stimulate markets and introducing macroprudential measures as laid down in the BASEL III-framework geared towards the resilience and stability of the financial sector. This thesis addresses these aspects by using state-of-the-art closed- and open-economy dynamic stochastic general equilibrium models to analyze the impact of shadow banking on the business cycle and on the interaction with monetary and macroprudential policy measures.
Central Bank Finances
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Author : David Archer
language : en
Publisher:
Release Date : 2013
Central Bank Finances written by David Archer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Handbook Of Financial Intermediation And Banking
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Author : Anjan V. Thakor
language : en
Publisher: Elsevier
Release Date : 2008-07-07
Handbook Of Financial Intermediation And Banking written by Anjan V. Thakor and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-07 with Business & Economics categories.
The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. Original review articles offer valuable perspectives on research issues appearing in top journals Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles
Regulatory Change And Monetary Policy
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Author :
language : en
Publisher:
Release Date : 2015
Regulatory Change And Monetary Policy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Negative Interest Rate Policy Nirp
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Author : Andreas Jobst
language : en
Publisher: International Monetary Fund
Release Date : 2016-08-10
Negative Interest Rate Policy Nirp written by Andreas Jobst and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-10 with Business & Economics categories.
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.
Information Rules
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Author : Carl Shapiro
language : en
Publisher: Harvard Business Press
Release Date : 1999
Information Rules written by Carl Shapiro and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
As one of the first books to distill the economics of information and networks into practical business strategies, this is a guide to the winning moves that can help business leaders--from writers, lawyers and finance professional to executives in the entertainment, publishing and hardware and software industries-- navigate successfully through the information economy.
Changing Nature Of Financial Intermediation And The Financial Crisis Of 2007 09
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Author : Tobias Adrian
language : en
Publisher: DIANE Publishing
Release Date : 2011
Changing Nature Of Financial Intermediation And The Financial Crisis Of 2007 09 written by Tobias Adrian and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
This is a print on demand edition of a hard to find publication. The financial crisis of 2007-09 highlighted the changing role of financial institutions and the growing importance of the ¿shadow banking system,¿ which grew out of the securitization of assets and the integration of banking with capital market developments. In a market-based financial system, banking and capital market developments are inseparable, and funding conditions are tied closely to fluctuations in the leverage of market-based financial intermediaries. This report describes the changing nature of financial intermediation in the market-based financial system, charts the course of the recent financial crisis, and outlines the policy responses that have been implemented by the Fed. Reserve and other central banks. Charts and tables.
Negative Interest Rates
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Author : Luís Brandão Marques
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-03
Negative Interest Rates written by Luís Brandão Marques and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.
This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.