Journal of Central Banking Theory and Practice最新文献_第6页

Does the Phillips Curve Exist? Evidence from the Middle East and North African Countries 菲利普斯曲线存在吗？来自中东和北非国家的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0023

M. Azam, Rasheed Khan, Saleem Khan

引用次数: 1

Impact of Reserve Option Mechanism on Exchange Rate Volatility During the FED’s Tapering Period 美联储缩减量化宽松期间储备期权机制对汇率波动的影响

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0028

Erkan Demirbaş, Nurettin Can

引用次数: 1

An Application of Index Number Theory to Interest Rates: Evidence from Selected Post-Soviet Countries 指数理论在利率中的应用——来自后苏联国家的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0018

K. Poghosyan, R. Poghosyan

引用次数: 0

Evaluating the Role of the Exchange Rate in Monetary Policy Reaction Function of Advanced and Emerging Market Economies 汇率在发达和新兴市场经济体货币政策反应函数中的作用评价

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0014

N. Fabris, M. Lazić

引用次数: 5

Gold as a Factor of Change in Central Bank Reserves in Periods of the Financial Markets Turbulence: the Case of Kazakhstan 黄金作为金融市场动荡时期央行储备变化的一个因素:以哈萨克斯坦为例

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0020

V. Dodonov

{"title":"Gold as a Factor of Change in Central Bank Reserves in Periods of the Financial Markets Turbulence: the Case of Kazakhstan","authors":"V. Dodonov","doi":"10.2478/jcbtp-2022-0020","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0020","url":null,"abstract":"Abstract The article examines the impact of changes in the gold part of the reserves of the National Bank of Kazakhstan on their total volume with an emphasis on the factor of changes in the price of gold. The value of the factor of the price of gold increases during periods of global financial crises when Kazakhstan, as an oil exporting country, is under strong pressure on the current account and the exchange rate of the tenge due to a decline in oil prices. During these periods, the National Bank conducts foreign exchange interventions to support the tenge exchange rate and spends its reserves, which increases the relevance of their safety. The paper tests the hypothesis that in such periods, the rise in the price of gold, due to its function as a safe haven asset, can compensate expenditures on foreign exchange interventions for the central banks and increase the stability of reserves. From this point of view, the article examines three periods of high turbulence in world markets of the 2000s and changes in the National Bank’s gross reserves, as well as the influence of the gold factor on these changes. It was revealed that during the crisis periods, the rise in the price of gold contributed to the stability of the gross reserves of the National Bank, and the effectiveness of this factor was directly proportional to the gold share in the reserves.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42329949","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

The Influence of Capital Requirement of Basel III Adoption on Banks’ Operating Efficiency: Evidence from U.S. Banks 巴塞尔协议III资本要求对银行运营效率的影响——来自美国银行业的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0011

G. A. Ogunmola, F. Chien, K. Chau, Li Li

引用次数: 1

How Do Bank-Specific Factors Impact Non-Performing Loans: Evidence from G20 Countries 银行特定因素如何影响不良贷款：来自G20国家的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0015

M. Erdaş, Zeynep Ezanoğlu

{"title":"How Do Bank-Specific Factors Impact Non-Performing Loans: Evidence from G20 Countries","authors":"M. Erdaş, Zeynep Ezanoğlu","doi":"10.2478/jcbtp-2022-0015","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0015","url":null,"abstract":"Abstract Banking is important for the stability and success of the economy. The success of the banking system on financial intermediation in developing countries is directly affected by non-performing loans (NPLs). Many factors can be treated as NPL determinants. Accordingly, the factors that explain NPLs contain very important information for banks. To this end, the study is an attempt to examine various banking factors that affect NPLs with respect to developing economies. In this study, the bank-specific and macroeconomic factors affecting the NPL rates were analysed through the dynamic panel data analysis. Analyses were made using described G20 countries between 1998 and 2017. The results indicate that the lagged value of NPLs, return on equity, credit growth and credit costs have a significant positive relationship with NPLs, while capital adequacy and GDP have a negative association with NPLs. The results confirm that if the bank-specific conditions change, the credit quality and bank management of banks are affected. It was concluded that the performance of banks is responsive to an effective loan monitoring policy. The findings of the study have implications for policymakers and regulators in the banking sector.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44019737","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: 6

Bank-Specific and Macroeconomic Determinants of Bank Liquidity Creation: Evidence from MENA Countries 银行流动性创造的银行特定因素和宏观经济因素:来自中东和北非国家的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0013

Anas Alaoui Mdaghri, L. Oubdi

引用次数: 3

Adoption of Cloud Services in Central Banks: Hindering Factors and the Recommendations for Way Forward 中央银行采用云服务：阻碍因素和前进道路建议

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0016

Darell Edmond, Vijay Prakash, L. Garg, S. Bawa

引用次数: 0

Adaptive Early Warning Systems: An Axiomatic Approach 自适应预警系统:一种公理方法

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI: 10.2478/jcbtp-2022-0017

Diptes C. P. Bhimjee

{"title":"Adaptive Early Warning Systems: An Axiomatic Approach","authors":"Diptes C. P. Bhimjee","doi":"10.2478/jcbtp-2022-0017","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0017","url":null,"abstract":"Abstract The U.S. Subprime Crisis and the subsequent Great Recession have highlighted a renewed interest in the proper design and implementation of Early Warning Systems (E.W.S.), in order to help deter the onset of subsequent extreme financial events, through the implementation of adequate crisis detection mechanisms. The present article describes the Adaptive Early Warning Systems (A.E.W.S.) axiomatic approach, as a natural operational extension to E.W.S. testing. This novel protocol upholds the operational dimension of implementing an efficient holistic crisis detection mechanism, a domain which has been hitherto overlooked by the E.W.S. literature. The paper first describes the major axiomatic principles sustaining the A.E.W.S. protocol, which seek to establish universal principles in support of the said protocol. Second, the article also describes a basic universal template for an A.E.W.S. surveillance platform, which duly describes how multiple testing procedures can be integrated into a single crisis detection framework, while targeting multiple segments of the financial markets (such as the conventional and non-conventional segments of the financial markets). Third, the paper also describes the major advantages and disadvantages associated with the implementation of this novel protocol. It is hoped that the effective implementation of the A.E.W.S. protocol as a novel operational framework in the global macroprudential toolkit might help deter the onset of future extreme financial events, by enabling a greater cohesiveness in E.W.S.-related central banking procedures, as well as promoting a greater international central banking cooperation prior to and during financial distress episodes.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42423341","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