Browsing by Subject "Monetary Policy"
Now showing items 1-2 of 2
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Effect of Financial Development on the Transmission of Monetary Policy
(Scientific Research, 2017-06)This paper looks at the effect of financial development on output and bank liquidity by doing a cross-country analysis of 119 countries across 18 years from 1997-2014. We develop three hypotheses by combining multiple ... -
Risks to Financial Stability and Monetary Policy: Rules or Discretion?
(Scientific Research, 2017-06)We evaluate monetary policy which is conducted in a way that addresses financial stability as an explicit monetary policy objective using a simple game theoretic model analysing the strategic interaction between a central ...