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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 ...