Book contents
- Preparing for the Next Financial Crisis
- Preparing for the Next Financial Crisis
- Copyright page
- Contents
- Figures
- Tables
- Notes on Contributors
- Introduction
- 1 Non-Standard Monetary Policy and Financial Stability: Developing an Appropriate Macrofinancial Policy Mix
- 2 Financial Innovation and Financial Stability: An Introduction
- 3 Post-Crisis Changes in US Bank Prudential Regulation
- 4 Notes on the Interaction between Financial Markets and the Macroeconomy: Financial Markets and Policy through the Lens of Macroeconomics
- 5 Investment Doctrines for Banks, from Real Bills to Post-Crisis Reforms
- 6 Stress Testing in Banking: A Critical Review
- 7 Making Sense of the EU-Wide Stress Test – Comparing SRISK and the ECB/EBA Measures of Bank Vulnerability
- 8 The Role of Personality in Financial Decisions and Financial Crises
- 9 Model Apocalypto
- Index
- References
1 - Non-Standard Monetary Policy and Financial Stability: Developing an Appropriate Macrofinancial Policy Mix
Published online by Cambridge University Press: 10 November 2017
Book contents
- Preparing for the Next Financial Crisis
- Preparing for the Next Financial Crisis
- Copyright page
- Contents
- Figures
- Tables
- Notes on Contributors
- Introduction
- 1 Non-Standard Monetary Policy and Financial Stability: Developing an Appropriate Macrofinancial Policy Mix
- 2 Financial Innovation and Financial Stability: An Introduction
- 3 Post-Crisis Changes in US Bank Prudential Regulation
- 4 Notes on the Interaction between Financial Markets and the Macroeconomy: Financial Markets and Policy through the Lens of Macroeconomics
- 5 Investment Doctrines for Banks, from Real Bills to Post-Crisis Reforms
- 6 Stress Testing in Banking: A Critical Review
- 7 Making Sense of the EU-Wide Stress Test – Comparing SRISK and the ECB/EBA Measures of Bank Vulnerability
- 8 The Role of Personality in Financial Decisions and Financial Crises
- 9 Model Apocalypto
- Index
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- Preparing for the Next Financial CrisisPolicies, Tools and Models, pp. 8 - 25Publisher: Cambridge University PressPrint publication year: 2017
References
Andrade, P., Breckenfelder, J., De Fiore, F., Karadi, P. and Tristani, O. (2016). The ECB’s asset purchase programme: An early assessment. ECB Working Paper No. 1956. Frankfurt: European Central Bank.Google Scholar
Bagehot, W. (1873). Lombard Street: A description of the money market. London: H.S. King & Co.Google Scholar
Brainard, W. (1967). Uncertainty and the effectiveness of policy. American Economic Review 57(2), 411–425.Google Scholar
Brunnemeier, M., Langfield, S., Pagano, M., Reis, R., Van Nieuwerburgh, S., Reis, R., Van Nieuwerburghk, S. and Vayanos, D. (2016). ESBies: Safety is in the tranches. Working paper from 2016, CFS Working Paper Series, No. 537.Google Scholar
Cardia, V. and Woodford, M. (2011). The central bank balance sheet as an instrument of monetary policy. Journal of Monetary Economics 58 (1), 54–79.Google Scholar
Corsetti, G. C., Feld, L., Reichlin, L., Reis, R., Rey, H. and Weder di Mauro, B.. (2016). Reinforcing the Eurozone and protecting an open society. Washington, DC: Center for Economic and Policy Research.Google Scholar
Friedman, M. (1969). The Demand for Money-Some Theoretical and Empirical Results. In The Optimum Quantity of Money and Other Essays. Chicago: Aldine, 1969.Google Scholar
Garicano, L. and Reichlin, L. (2014a). Squaring the Eurozone’s vicious circle. Project Syndicate, 27 January.Google Scholar
Garicano, L. and Reichlin, L. (2014b). A safe asset for the Eurozone: A proposal. Vox-EU: CEPR’s Policy Portal, 14 November.Google Scholar
Giannone, D., Lenza, M., Pill, H. and Reichlin, L. (2012). The ECB and the interbank market. Economic Journal 122, 467–486.Google Scholar
Hazell, J. and Pill, H. (2016). Monetary policy transmission: When rates are (very) low, the bank lending channel is weak. European Economics Analyst, 15 September.Google Scholar
Heider, F., Hoerova, M. and Holthausen, C. (2015). Liquidity hoarding and interbank market spreads: The role of counterparty risk. Journal of Financial Economics 118(2), 336–354.CrossRefGoogle Scholar
Koijen, R.S.J., Koulischer, F., Nguyen, B. and Yogo, M. (2016). Quantitative easing in the euro area: The dynamics of risk exposures and the impact on asset prices. Banque de France document de travail no. 601.Google Scholar
Lenza, M., Pill, H. and Reichlin, L. (2010). Monetary policy in exceptional times. Economic Policy 62, 295–339.CrossRefGoogle Scholar
Orphanides, A. and Wieland, V. (2000). Efficient monetary policy design near price stability. Journal of the Japanese and International Economies 14(4), 327–265.CrossRefGoogle Scholar
Pill, H. (2010). Monetary policy in a low interest rate environment: A checklist. International Seminar on Macroeconomics 6, 335–345.CrossRefGoogle Scholar
Reichlin, L. and Valle, S. (2016). Resolving the banking crisis in Italy. Project Syndicate, 14 October 2016.Google Scholar
Weidmann, J. (2016). A look at the euro area from a central bank perspective. Keynote speech to the Second Lichtenstein Financial Forum, 23 March.Google Scholar
Woodford, M. (2016). Quantitative easing and financial stability. NBER Working Paper 22285. Cambridge, MA: National Bureau of Economic Research.Google Scholar