`Monetary policy and corporate default', Journal of Monetary Economics, 58(5), 480-494.Bhamra, Harjoat S., A. J. Fisher, and L. Kuehn, 2011, Monetary Policy and Corporate Default , University of British Columbia, mimeo.Bhamra, Harjoat S., Adlai J. Fisher, Lars-Alexander Kuhn (2011)...
This is a comment on Monetary Policy and Corporate Default in this volume. The optimal response of monetary policy to financial market movements is not we... JF Gomes - 《Journal of Monetary Economics》 被引量: 0发表: 2011年 Central Bank Talk and Monetary Policy : Remarks at the Corporate...
Firm characteristics, economic conditions and policy regimes are the key determinants that most researchers have used to explain corporate bond yield spreads. In this article, we examine whether monetary policy shocks are also important determinants given their ability to affect default risk, risk aversi...
But if the mistake is made, the obvious solution is to “normalize” policy by withdrawing the excess money from the system. However, this is painful in the short run, so politicians and the central bankers they appoint often don’t have the fortitude and integrity to do the right thing ...
综合monetary policy货币政策.pdf,WEEK 1 Principal of Finance Financial markets, instruments and institutions Financial market (1) Stock market: equity and shares (2) Money market : debt cash market; corporate bonds; government debt; Euromarkets;
Comprehensive and meticulously documented facts about monetary policy. Learn about the Federal Reserve, inflation, exchange rates, the gold standard, and more. For example: • Who Owns the Fed? • Causes of Inflation • Exchange Rates • Measures of Inflation • The Gold Standard • Qua...
Among all, the traditional interest rate and the credit channel of monetary policy are the most studied (Bernanke and Gertler, 1995). Whereas the first affects output through the direct effect of changes in interest rates on the interest-sensitive components of aggregate demand; the second ...
Monetary policy and institutions are far from exempt from political influences. In this paper, we analyze monetary institutions not as being run by either
enhancing knowledge about them is crucial in terms of establishing great environmental baselines and adopting effective conservation measures. According to these considerations, MGR constitutes the fundamental scientific basis for policy measures to be adopted within the BBNJ framework, way beyond Part II ...
(QE) targets, began purchasing corporate bonds and implemented a creative use of negative interest rates. If European banks meet loan growth targets, then they can borrow from the ECB at negative interest rates, a policy that essentially pays banks to make loans and turns the normally negative ...