Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
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DOI: 10.1007/s11079-017-9437-0
Abstract: This paper explores the direct effects and spillovers of unconventional monetary and exchange rate policies. We find that official purchases of foreign assets have a large positive effect on a country’s current account that diminishes… read more here.
Keywords: monetary exchange; unconventional monetary; rate policies; exchange rate ... See more keywords
ECB’s unconventional monetary policy and bank lending supply and performance in the euro area
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DOI: 10.1007/s12197-019-09503-6
Abstract: This paper examines the impact of the European Central Bank’s unconventional monetary policy (UMP) on bank lending supply and performance in the euro area, through comparing the evolution of bank-specific variables before and after the… read more here.
Keywords: unconventional monetary; performance euro; bank; lending ... See more keywords
The Effect of Unconventional Monetary Policy on Cross-Border Bank Loans: Evidence from an Emerging Market
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DOI: 10.1016/j.euroecorev.2020.103426
Abstract: Abstract We analyze the impact of quantitative easing by the Federal Reserve, European Central Bank and Bank of England on cross-border credit flows. Relying on comprehensive loan-level data, we find that Fed QE strongly boosts… read more here.
Keywords: bank; cross border; unconventional monetary; effect unconventional ... See more keywords
Cross-border spillover effects of unconventional monetary policies on Swiss asset prices
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DOI: 10.1016/j.jimonfin.2017.04.001
Abstract: Unconventional monetary policies (UMPs) by the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan exert important spillover effects on asset prices in Switzerland if market anticipation of UMP… read more here.
Keywords: spillover effects; unconventional monetary; asset prices; monetary policies ... See more keywords
Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies
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DOI: 10.1111/jmcb.12628
Abstract: We quantify the macroeconomic effects of the European Central Bank’s unconventional monetary policies using a DSGE model which includes a set of shadow interest rates. Extracted from the yield curve, these shadow rates provide unconstrained… read more here.
Keywords: monetary policies; macroeconomic effects; evaluating macroeconomic; unconventional monetary ... See more keywords
Spillover Effects of US Unconventional Monetary Policy: (Evidence from Selected Asian Countries)
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DOI: 10.1142/s0219091521500132
Abstract: In this study, we evaluate the impact of US monetary policy between 2008 and 2018 (after implementation of quantitative easing policy) on assets, bonds, exchange rates of selected East Asian countries (Japan, South Korea, and… read more here.
Keywords: policy; monetary policy; spillover effects; asian countries ... See more keywords