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Quantitative easing : the great Central Bank experiment / / Jonathan Ashworth
| Quantitative easing : the great Central Bank experiment / / Jonathan Ashworth |
| Autore | Ashworth Jonathan |
| Pubbl/distr/stampa | Newcastle upon Tyne, England : , : Agenda Publishing, , [2020] |
| Descrizione fisica | 1 online resource (178 pages) |
| Disciplina | 332.112 |
| Collana | Finance Matters |
| Soggetto topico | Quantitative easing (Monetary policy) |
| ISBN | 9781788213370 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Contents -- Preface -- Abbreviation -- Foreword -- 1. Monetary policy-making since the end of Bretton Woods -- A new framework for monetary policy: central bank independence and inflation targeting -- Despite the greater focus on inflation, central banks had not become "inflation nutters" -- The monetary policy decision-making process and central bank communication -- The implementation of monetary policy changes -- How the transmission mechanism of monetary policy works -- Gauging the stance of monetary policy -- 2. Key monetary policy trends and events in the decades before the Great Financial Crisis -- Sharply falling interest rates during the Great Moderation -- The onset of the ZLB in Japan amid its "lost decade" -- The bursting of the IT bubble fuelled record low US rates -- The Bank of Japan enacts "drastic" measures with QE -- 3. The Great Financial Crisis and the onset of quantitative easing -- Massive financial panic after the collapse of Lehman Brothers -- Central bank interest rates hit record lows -- The US and UK begin large-scale QE -- The euro area did not initially enact QE -- Draghi's strong words end the euro area crisis -- The Bank of Japan's response to the financial crisis was modest -- QE ends in the US and UK, but then restarts as recoveries slow -- Japan unleashes a huge new QE programme amid "Abenomics" -- Europe finally begins QE -- 4. How quantitative easing works -- Main channels through which QE works -- US and UK QE differed from the initial Japanese experiment -- Other channels in which QE is beneficial -- QE may have some differing impacts across countries -- QE has increasingly involved the purchase of riskier assets -- QE is likely to have diminishing returns over time -- 5. Measuring the effectiveness and impact of quantitative easing.
Methods of estimating QE's impact -- QE1 helped the US and UK economies avoid a worst-case scenario and begin to recover -- Some observers were sceptical about the impact of QE1 -- Additional rounds of US and UK QE eased financial conditions further, with signs of diminishing returns -- Japan's new QE experiment has had some success, but is struggling to generate sufficient inflation -- ECB's OMT programme a major success, QE not quite so much -- 6. International spillovers of quantitative easing -- Large, but not necessarily excessive, capital flows to emerging markets during the latter rounds of QE -- The "taper tantrum" increased concerns about the normalization of Fed policy, but it ultimately proceeded relatively smoothly -- The verdict on international spillovers from US QE -- EM policy-makers called for greater coordination and consideration of external spillovers -- 7. Criticisms and negative externalities of quantitative easing -- Some fears of an inflation surge -- Inflation has remained below targets -- Financial stability risks? -- Misallocation of resources and weakened productivity -- Rising wealth inequality and large distributional issues -- Populism -- Threats to central bank independence -- Greater cooperation needed at the lower bound -- More experimental and riskier policies -- 8. Exiting quantitative easing and policies for the next slowdown -- The US Federal Reserve as first-mover -- Policies for the next global slowdown -- Conclusion -- Notes -- References -- Index. |
| Record Nr. | UNINA-9910795662803321 |
Ashworth Jonathan
|
||
| Newcastle upon Tyne, England : , : Agenda Publishing, , [2020] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Quantitative easing : the great Central Bank experiment / / Jonathan Ashworth
| Quantitative easing : the great Central Bank experiment / / Jonathan Ashworth |
| Autore | Ashworth Jonathan |
| Pubbl/distr/stampa | Newcastle upon Tyne, England : , : Agenda Publishing, , [2020] |
| Descrizione fisica | 1 online resource (178 pages) |
| Disciplina | 332.112 |
| Collana | Finance Matters |
| Soggetto topico | Quantitative easing (Monetary policy) |
| ISBN | 9781788213370 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Contents -- Preface -- Abbreviation -- Foreword -- 1. Monetary policy-making since the end of Bretton Woods -- A new framework for monetary policy: central bank independence and inflation targeting -- Despite the greater focus on inflation, central banks had not become "inflation nutters" -- The monetary policy decision-making process and central bank communication -- The implementation of monetary policy changes -- How the transmission mechanism of monetary policy works -- Gauging the stance of monetary policy -- 2. Key monetary policy trends and events in the decades before the Great Financial Crisis -- Sharply falling interest rates during the Great Moderation -- The onset of the ZLB in Japan amid its "lost decade" -- The bursting of the IT bubble fuelled record low US rates -- The Bank of Japan enacts "drastic" measures with QE -- 3. The Great Financial Crisis and the onset of quantitative easing -- Massive financial panic after the collapse of Lehman Brothers -- Central bank interest rates hit record lows -- The US and UK begin large-scale QE -- The euro area did not initially enact QE -- Draghi's strong words end the euro area crisis -- The Bank of Japan's response to the financial crisis was modest -- QE ends in the US and UK, but then restarts as recoveries slow -- Japan unleashes a huge new QE programme amid "Abenomics" -- Europe finally begins QE -- 4. How quantitative easing works -- Main channels through which QE works -- US and UK QE differed from the initial Japanese experiment -- Other channels in which QE is beneficial -- QE may have some differing impacts across countries -- QE has increasingly involved the purchase of riskier assets -- QE is likely to have diminishing returns over time -- 5. Measuring the effectiveness and impact of quantitative easing.
Methods of estimating QE's impact -- QE1 helped the US and UK economies avoid a worst-case scenario and begin to recover -- Some observers were sceptical about the impact of QE1 -- Additional rounds of US and UK QE eased financial conditions further, with signs of diminishing returns -- Japan's new QE experiment has had some success, but is struggling to generate sufficient inflation -- ECB's OMT programme a major success, QE not quite so much -- 6. International spillovers of quantitative easing -- Large, but not necessarily excessive, capital flows to emerging markets during the latter rounds of QE -- The "taper tantrum" increased concerns about the normalization of Fed policy, but it ultimately proceeded relatively smoothly -- The verdict on international spillovers from US QE -- EM policy-makers called for greater coordination and consideration of external spillovers -- 7. Criticisms and negative externalities of quantitative easing -- Some fears of an inflation surge -- Inflation has remained below targets -- Financial stability risks? -- Misallocation of resources and weakened productivity -- Rising wealth inequality and large distributional issues -- Populism -- Threats to central bank independence -- Greater cooperation needed at the lower bound -- More experimental and riskier policies -- 8. Exiting quantitative easing and policies for the next slowdown -- The US Federal Reserve as first-mover -- Policies for the next global slowdown -- Conclusion -- Notes -- References -- Index. |
| Record Nr. | UNINA-9910817823503321 |
|
Ashworth Jonathan
|
||
| Newcastle upon Tyne, England : , : Agenda Publishing, , [2020] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Risk management post financial crisis : a period of monetary easing / / edited by Jonathan A. Batten, Niklas F. Wagner
| Risk management post financial crisis : a period of monetary easing / / edited by Jonathan A. Batten, Niklas F. Wagner |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Bingley, England : , : Emerald, , 2014 |
| Descrizione fisica | 1 online resource (455 p.) |
| Disciplina | 339.53 |
| Collana | Contemporary Studies in Economic and Financial Analysis |
| Soggetto topico |
Quantitative easing (Monetary policy)
Financial risk management Global Financial Crisis, 2008-2009 |
| Soggetto genere / forma | Electronic books. |
| ISBN | 1-78441-026-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Risk Management Post Financial Crisis: A Period of Monetary Easing; Copyright page; Contents; List of Contributors; Part I: A Perspective on the Financial Crisis and Global Risk Management; Introduction to Risk Management Post Financial Crisis: A Period of Monetary Easing; Part I: A Perspective on the Financial Crisis and Global Risk Management; Part II: Risk and Integration in a Post-Crisis Setting; Part III: Monetary Policy and Credit in a Post-Crisis Setting; Part IV: Country Studies on Monetary Policy, Credit and Financial Intermediaries; Part V: Country Studies on Markets and Risk
Notes References; Complexity Analysis and Risk Management in Finance; Introduction; Complexity in Finance; Complex Financial Instruments; Complex Financial Processes; Complex Financial Systems; Complexity and Risk; Managing Complex Financial Instruments; Managing Complex Financial Processes; Managing Complex Financial Systems; Network Topology; Endogenous Risk; Conclusions; Notes; References; The Effects of Macroeconomic News Announcements during the Global Financial Crisis; Introduction; Data; Bond Data; Announcement Data; Methodology; Empirical Results; Conclusions; Notes; Acknowledgment References Part II: Risk and Integration in a Post-Crisis Setting; The Pro-Cyclical Impact of Basel III Regulatory Capital on Bank Capital Risk; Introduction; The Model; The Effect of the Accounting Gains or Losses on the Leverage Ratio; The Effect of the Accounting Gains or Losses on the Tier 1 Capital Ratio; The Pro-Cyclicality and Interest Rate Sensitivity of Basel III Regulatory Capital Ratios; The Pro-Cyclicality of the Leverage Ratio and the Tier 1 Capital Ratio; Sources of the Pro-Cyclicality; Interest Rate Sensitivity; Implications for Bank Capital Risk Management Pro-Cyclicality of Basel III Regulatory Capital Ratios and Bank Capital Risk Interest Rate Sensitivity of Basel III Regulatory Capital Ratios and Bank Capital Risk; Conclusions; Notes; Acknowledgment; References; Nonparametric Expectile Regression for Conditional Autoregressive Expected Shortfall Estimation; Introduction; Proposed ES Estimation Procedure; Empirical Properties of the Proposed Procedure; Simulated Data; Real Market Data; Conclusion; Notes; References; The Impact of External Shocks on Stock Prices in the East Asian Domestic Banking Sector; Introduction Banking Sector Reforms and Bank Balance Sheets Banking Sector Reforms after 1997; Foreign Assets and Liabilities of the Banking Sector; An Overview of Domestic Bank Stock Prices and Stock Market Indices; Regression Analysis; Data and Terms; Methodology; Regression Results; Results in the 2000's before the GFC; Results in the 1990's before the Asian Crisis; Results in the 2000's during the GFC; Conclusion; Notes; Acknowledgments; References; Measuring Financial Integration: Evidence from Ten Industries in a "US-Emerging World"; Introduction; Data Description and Summary Statistics Industry Equity Indices |
| Record Nr. | UNINA-9910463814303321 |
| Bingley, England : , : Emerald, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Risk management post financial crisis [[electronic resource] ] : a period of monetary easing / / edited by Niklas F. Wagner, Jonathan A. Batten
| Risk management post financial crisis [[electronic resource] ] : a period of monetary easing / / edited by Niklas F. Wagner, Jonathan A. Batten |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Bingley, England : , : Emerald, , 2014 |
| Descrizione fisica | 1 online resource (455 p.) |
| Disciplina | 339.53 |
| Altri autori (Persone) |
WagnerNiklas F. <1969->
BattenJonathan |
| Collana | Contemporary studies in economic and financial analysis |
| Soggetto topico |
Business & Economics - Accounting - Financial
Monetary economics Quantitative easing (Monetary policy) Financial risk management Global Financial Crisis, 2008-2009 |
| ISBN | 1-78441-026-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Introduction to risk management post financial crisis : a period of monetary easing / Jonathan A. Batten, Niklas F. Wagner -- Complexity analysis and risk management in finance / Charilaos Mertzanis -- The effects of macroeconomic news announcements during the global financial crisis / Pilar Abad, Helena Chuliá -- The pro-cyclical impact of Basel III regulatory capital on bank capital risk / Guoxiang Song -- Nonparametric expectile regression for conditional autoregressive expected shortfall estimation / Marcelo Brutti Righi, Yi Yang, Paulo Sergio Ceretta -- The impact of external shocks on stock prices in the East Asian domestic banking sector / Masahiro Inoguchi -- Measuring financial integration : evidence from ten industries in a "US-emerging world" / Michael Donadelli -- Will quantitative easing enhance or drain the availability of funds to financial markets? / Yasushi Suzuki -- Money demand causality for ten Asian countries : evidence from linear and nonlinear causality tests / Ahdi Noomen Ajmi, Nicholas Apergis -- Product market competition and inflation persistence / Amr Sadek Hosny -- Unlocking credit / Ike Mathur, Isaac Marcelin -- Monetary policy and bank liquidity in China / Nan Shi, Xin Sun, Fan Zhang -- Monetary policy and bank credit risk in Vietnam pre and post global financial crisis / Xuan Vinh Vo, Phuc Canh Nguyen -- Analysis of factors influencing and controlling excess cash and short-term bank loans in Taiwan / Ma-Ju Wang, Yi-Ting Chang -- Bank competition, managerial efficiency and the interest rate pass-through in India / Jugnu Ansari, Ashima Goyal -- Financial architecture and monetary policy transmission mechanism in Kenya / Roseline Nyakerario Misati, Alfred Shem Ouma, Kethi Ngoka-Kisinguh -- The dim sum bond market in Hong Kong / Ike Mathur, Soumen De -- Sentiment and beta herding in the Borsa Istanbul (BIST) / Nazmi Demir, Syed F. Mahmud, M.Nihat Solakoglu -- Testing for rational speculative bubbles in the Brazilian residential real-estate market / Marcelo M. de Oliveira, Alexandre C.L. Almeida -- Challenges in the application of extreme value theory in emerging markets : a case study of Pakistan / Jamshed Y. Uppal, Syeda Rabab Mudakkar. |
| Record Nr. | UNINA-9910787916003321 |
| Bingley, England : , : Emerald, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Risk management post financial crisis : a period of monetary easing / / edited by Niklas F. Wagner, Jonathan A. Batten
| Risk management post financial crisis : a period of monetary easing / / edited by Niklas F. Wagner, Jonathan A. Batten |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Bingley, England : , : Emerald, , 2014 |
| Descrizione fisica | 1 online resource (455 p.) |
| Disciplina | 339.53 |
| Altri autori (Persone) |
WagnerNiklas F. <1969->
BattenJonathan |
| Collana | Contemporary studies in economic and financial analysis |
| Soggetto topico |
Business & Economics - Accounting - Financial
Monetary economics Quantitative easing (Monetary policy) Financial risk management Global Financial Crisis, 2008-2009 |
| ISBN | 1-78441-026-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Introduction to risk management post financial crisis : a period of monetary easing / Jonathan A. Batten, Niklas F. Wagner -- Complexity analysis and risk management in finance / Charilaos Mertzanis -- The effects of macroeconomic news announcements during the global financial crisis / Pilar Abad, Helena Chuliá -- The pro-cyclical impact of Basel III regulatory capital on bank capital risk / Guoxiang Song -- Nonparametric expectile regression for conditional autoregressive expected shortfall estimation / Marcelo Brutti Righi, Yi Yang, Paulo Sergio Ceretta -- The impact of external shocks on stock prices in the East Asian domestic banking sector / Masahiro Inoguchi -- Measuring financial integration : evidence from ten industries in a "US-emerging world" / Michael Donadelli -- Will quantitative easing enhance or drain the availability of funds to financial markets? / Yasushi Suzuki -- Money demand causality for ten Asian countries : evidence from linear and nonlinear causality tests / Ahdi Noomen Ajmi, Nicholas Apergis -- Product market competition and inflation persistence / Amr Sadek Hosny -- Unlocking credit / Ike Mathur, Isaac Marcelin -- Monetary policy and bank liquidity in China / Nan Shi, Xin Sun, Fan Zhang -- Monetary policy and bank credit risk in Vietnam pre and post global financial crisis / Xuan Vinh Vo, Phuc Canh Nguyen -- Analysis of factors influencing and controlling excess cash and short-term bank loans in Taiwan / Ma-Ju Wang, Yi-Ting Chang -- Bank competition, managerial efficiency and the interest rate pass-through in India / Jugnu Ansari, Ashima Goyal -- Financial architecture and monetary policy transmission mechanism in Kenya / Roseline Nyakerario Misati, Alfred Shem Ouma, Kethi Ngoka-Kisinguh -- The dim sum bond market in Hong Kong / Ike Mathur, Soumen De -- Sentiment and beta herding in the Borsa Istanbul (BIST) / Nazmi Demir, Syed F. Mahmud, M.Nihat Solakoglu -- Testing for rational speculative bubbles in the Brazilian residential real-estate market / Marcelo M. de Oliveira, Alexandre C.L. Almeida -- Challenges in the application of extreme value theory in emerging markets : a case study of Pakistan / Jamshed Y. Uppal, Syeda Rabab Mudakkar. |
| Record Nr. | UNINA-9910809798403321 |
| Bingley, England : , : Emerald, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
