Add to ORKGThe purpose of this paper is to assess the choice between adopting a monetary base or an interest rate setting instrument to maintain financial stability. Our results suggest that the interest rate instrument is preferable, since during times of a panic or financial crisis the Central Bank automatically satisfies the increased demand for money. Thus, it prevents sharp losses in asset values and enhanced asset volatility.Interest rates Monetary base Bank capital Financial stability Monetary policy
This paper explores how prudential regulations can support monetary policy in reducing output fluctu...
This paper studies optimal monetary policy with the nominal interest rate as the single policy instr...
If monetary policy is to aim at financial stability, how would it change? To analyze this question, ...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
This paper has three purposes. First, we discuss under which conditions a Central Bank sould include...
The current period of crisis on credit markets has highlighted the crucial role of the behaviour of ...
In this paper, using an IS-LM model with reserve market, we examine weather the operating procedure ...
This paper builds upon the existing empirical literature on the factors behind financial stability, ...
In this paper, using an IS-LM model with reserve market, we examine weather the operating procedure ...
This paper studies optimal monetary policy in an environment in which aggregate liquidity shocks aff...
Central Bank Money and Interest Rates: Independent Monetary Policy Tools?Central banks can control t...
International audienceTen years after the 2008-09 global financial crisis, most advanced economies h...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
This paper explores how prudential regulations can support monetary policy in reducing output fluctu...
This paper studies optimal monetary policy with the nominal interest rate as the single policy instr...
If monetary policy is to aim at financial stability, how would it change? To analyze this question, ...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
The purpose of this paper is to assess the choice between adopting a monetary base or an interest ra...
This paper has three purposes. First, we discuss under which conditions a Central Bank sould include...
The current period of crisis on credit markets has highlighted the crucial role of the behaviour of ...
In this paper, using an IS-LM model with reserve market, we examine weather the operating procedure ...
This paper builds upon the existing empirical literature on the factors behind financial stability, ...
In this paper, using an IS-LM model with reserve market, we examine weather the operating procedure ...
This paper studies optimal monetary policy in an environment in which aggregate liquidity shocks aff...
Central Bank Money and Interest Rates: Independent Monetary Policy Tools?Central banks can control t...
International audienceTen years after the 2008-09 global financial crisis, most advanced economies h...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
This paper explores how prudential regulations can support monetary policy in reducing output fluctu...
This paper studies optimal monetary policy with the nominal interest rate as the single policy instr...
If monetary policy is to aim at financial stability, how would it change? To analyze this question, ...