ERN: Central Banks - Impacts (Topic)最新文献_第5页

Implications of Negative Interest Rates on the Financial Systems 负利率对金融体系的影响

ERN: Central Banks - Impacts (Topic) Pub Date : 2017-01-13 DOI: 10.2139/ssrn.2898774

Jasurbek Ataniyazov Hamidovich

{"title":"Implications of Negative Interest Rates on the Financial Systems","authors":"Jasurbek Ataniyazov Hamidovich","doi":"10.2139/ssrn.2898774","DOIUrl":"https://doi.org/10.2139/ssrn.2898774","url":null,"abstract":"Currently, the state of the banking sector in many countries is in opposition with respect to the banking systems of developed countries. The principal difference is that the one-way desire to stimulate economic growth in Asian countries is associated with high rates of inflation and interest rates on loans, while in the developed countries, on the contrary, with deflationary processes in the economy close to zero values of the interest on loans. A series of economic and financial crises of the last few decades, and the slowdown of the world economy forced the monetary authorities of many countries to introduce new tools to stimulate economic growth. Among the latest innovations of individual central banks focus attracting the program of «quantitative easing» (QE) and negative interest rates. The last have been used recently, whereby the long-term effects of these instruments on the economy is not yet known. We emphasize that the tools used by central banks, monetary authorities in the banking sector are aimed not solely at banks as the regulatory environment, and to all economic entities that interact with the banks acting guides monetary policy. In this connection, the phenomenon of negative interest rates rapidly beyond the banking sector.","PeriodicalId":376562,"journal":{"name":"ERN: Central Banks - Impacts (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125906853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Interest Rate Prominence in Consumer Decisionmaking 利率在消费者决策中的重要性

ERN: Central Banks - Impacts (Topic) Pub Date : 2017-01-11 DOI: 10.2139/ssrn.2897699

C. Binder

引用次数: 0

The Real Effects of Financial (Dis)Integration: A Multi-Country Equilibrium Analysis of Europe 金融(非)一体化的真实影响:欧洲多国均衡分析

ERN: Central Banks - Impacts (Topic) Pub Date : 2016-05-27 DOI: 10.2139/ssrn.2743909

Indraneel Chakraborty, Rong Hai, Hans A. Holter, S. Stepanchuk

引用次数: 17

Problems and Prospects of the Shadow Cross-Border Capital Flows Estimation in the Russian Statistics 俄罗斯统计中影子跨境资本流动估算的问题与展望

ERN: Central Banks - Impacts (Topic) Pub Date : 2016-05-22 DOI: 10.2139/ssrn.2911845

Natalyа Abrоskina, A. Abroskin

{"title":"Problems and Prospects of the Shadow Cross-Border Capital Flows Estimation in the Russian Statistics","authors":"Natalyа Abrоskina, A. Abroskin","doi":"10.2139/ssrn.2911845","DOIUrl":"https://doi.org/10.2139/ssrn.2911845","url":null,"abstract":"For the Russian statistics the adequate estimation of unrecorded cross-border capital transactions is considered not only as a problem of methodological or technical nature, but also as a key factor of improving the quality of macroeconomic analysis, forecasting and regulations of related processes. Currently in Russian practice for this purpose is used the methodology developed by the Central Bank of the Russian Federation (CBRF) and applied to formation of special indicator “net capital outflow of private sector” based on the Balance of payments (BOP) data. \u0000The specific features of the CBRF approach in the construction of the relevant estimates are: \u0000- Accounting capital flows only for private sector which consists of banks and “other sectors” (the latter includes units of non-financial and non-bank financial corporations); \u0000- Using in calculations the total balancing items on asset-related and liability-related transactions of balance of payments financial account for banks and other sectors; \u0000- Using in calculations the special item “fictitious transactions” as a part of net acquisition of foreign financial assets by other sectors of resident economy. \u0000The values of net capital outflow for each group of units in accordance with applied methodology are determined as the difference between the net acquisition of financial assets and net incurrence of liabilities.","PeriodicalId":376562,"journal":{"name":"ERN: Central Banks - Impacts (Topic)","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117120154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effective Macroprudential Policy: Cross-Sector Substitution from Price and Quantity Measures 有效的宏观审慎政策:价格和数量措施的跨部门替代

ERN: Central Banks - Impacts (Topic) Pub Date : 2016-02-01 DOI: 10.2139/ssrn.2771608

J. Cizel, Jon Frost, A. Houben, Peter Wierts

引用次数: 105

Monetary Policy Under Behavioral Expectations: Theory and Experiment 行为预期下的货币政策:理论与实验

ERN: Central Banks - Impacts (Topic) Pub Date : 2015-09-01 DOI: 10.2139/ssrn.2636234

C. Hommes, D. Massaro, Matthias Weber

引用次数: 59

Monetary Policy, Excessive Risk-Taking and Banking Crisis 货币政策、过度冒险与银行业危机

ERN: Central Banks - Impacts (Topic) Pub Date : 2015-07-05 DOI: 10.2139/ssrn.2811700

Taha Zaghdoudi

引用次数: 0

The Impact of Currency Devaluation on The Banking Sector of Azerbaijan 货币贬值对阿塞拜疆银行业的影响

ERN: Central Banks - Impacts (Topic) Pub Date : 1900-01-01 DOI: 10.2139/ssrn.3698650

U. Aliyeva

{"title":"The Impact of Currency Devaluation on The Banking Sector of Azerbaijan","authors":"U. Aliyeva","doi":"10.2139/ssrn.3698650","DOIUrl":"https://doi.org/10.2139/ssrn.3698650","url":null,"abstract":"This master thesis aims to examine an empirical investigation of the impact of Azerbaijan national currency devaluation on the banking sector of Azerbaijan. We will identify how currency devaluation affects the performance of the banks in Azerbaijan. In recent decades, several developing countries have confronted volatility in national currency requiring major reforms in the financial sector and economy. Devaluation is considered a tool of central banks to regulate the national currency. The monetary authorities apply for devaluation in terms of enhancing the trade balance of countries. Macroeconomic equilibrium, price stability, financial and banking stability, sustainable economic growth, or sustained economic growth reflect the uppermost targets of monetary policy.<br><br>On the other hand, this study will determine the profitability of banks in Azerbaijan and analyze the devaluation impact for 2013-2018 years. However, the price shifts of oil-gas resources in 2014 sketched the financial institutions severely in Azerbaijan. In this thesis, the modification of the dependent and independent variables of the regression model will be tested by using the Panel Data Analysis Method. <br><br>Moreover, I decided to research this topic for my thesis, as my further plans are to continue my PhD degree and improve my career in this area. In this thesis, I will introduce a brief overview of the banking sector in Azerbaijan, and the effects of two devaluations by the Central Bank of Azerbaijan Republic in 2015. This thesis will check the effects of exchange rate fluctuations in Azerbaijan banking sphere by running balanced panel data for the period 2013-2018 years. The empirical findings of this study suggest that the changes in a foreign exchange rate have a statistically significant and adverse impact on the profitability of Azerbaijan banks.","PeriodicalId":376562,"journal":{"name":"ERN: Central Banks - Impacts (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115151461","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1