The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls

2020 ◽  
Author(s):  
Philippe Bacchetta ◽  
Rachel Cordonier ◽  
Ouarda Merrouche
Keyword(s):  
Monetary Policy ◽  
Foreign Currency ◽  
Capital Controls ◽  
Us Monetary Policy

scholarly journals Dampening Global Financial Shocks

2020 ◽  
Vol 20 (106) ◽  
Author(s):  
Katharina Bergant ◽  
Francesco Grigoli ◽  
Niels-Jakob Hansen ◽  
Damiano Sandri
Keyword(s):  
Monetary Policy ◽  
Emerging Markets ◽  
Foreign Currency ◽  
Capital Controls ◽  
Gdp Growth ◽  
Bank Capital ◽  
Financial Shocks ◽  
Macroprudential Regulation ◽  
Currency Mismatches ◽  
The Impact

We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set of macroprudential tools contribute to this result, including measures targeting bank capital and liquidity, foreign currency mismatches, and risky forms of credit. We also find that tighter macroprudential regulation allows monetary policy to respond more countercyclically to global financial shocks. This could be an important channel through which macroprudential regulation enhances macroeconomic stability. These findings on the benefits of macroprudential regulation are particularly notable since we do not find evidence that stricter capital controls provide similar gains.

scholarly journals The Role of US Monetary Policy in Banking Crises Across the World

2020 ◽  
Vol 68 (1) ◽  
pp. 66-107
Author(s):  
C. Bora Durdu ◽  
Alex Martin ◽  
Ilknur Zer
Keyword(s):  
Monetary Policy ◽  
Banking Crises ◽  
The World ◽  
Us Monetary Policy

scholarly journals On the informational role of term structure in the US monetary policy rule

2013 ◽  
Vol 37 (9) ◽  
pp. 1852-1871 ◽  
Author(s):  
Jesús Vázquez ◽  
Ramón María-Dolores ◽  
Juan-Miguel Londoño
Keyword(s):  
Monetary Policy ◽  
Term Structure ◽  
Policy Rule ◽  
The Us ◽  
Monetary Policy Rule ◽  
Us Monetary Policy

scholarly journals The Role of Monetary Policy in Activating the Bank Credit Channel: Iraq Case Study

2021 ◽  
Vol 11 (4) ◽  
pp. 4990-5009
Author(s):  
Mustafa Mohammed Sabri
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Central Bank ◽  
Commercial Banks ◽  
Foreign Currency ◽  
Active Role ◽  
Bank Credit ◽  
Credit Channel

The main objective of the research is to find out how monetary policy has influenced the support and promotion of bank credit to promote the economy by creating jobs and addressing unemployment, where the central bank after2003 played a leading and active role in supporting commercial banks and promoting bank credit ‘One of the central bank's important objectives is to stabilize the overall level of prices set out in law No 56 For the year ( ( 2004 Article (3) The Central Bank of Iraq has used the policy of stability in the exchange rate of the dinar as a key tool in stabilizing prices in Iraq through the window of selling foreign currency.

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