해외동향 | Bank intermediation activity in a low interest rate environment | 한국금융연구원

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2019-09-03 일자 [제 19-64 호]

Bank intermediation activity in a low interest rate environment
BIS (2019-09-03)

This paper investigates how the prolonged period of low interest rates affects bank intermediation activity. We use data for 113 large international banks headquartered in 14 major advanced economies during the period 19 ..  more

Exchange Rate Pass-Through: What Has Changed Since the Crisis?
IJCB (2019-09-03)

We study how exchange rate pass-through to CPI inflation has changed since the global financial crisis. We have three main findings. First, exchange rate pass-through in emerging economies decreased after the financial c ..  more

On Secular Stagnation in the Industrialized World
NBER (2019-09-03)

We argue that the economy of the industrialized world taken as a whole is currently - and for the foreseeable future will remain - highly prone to secular stagnation. But for extraordinary fiscal policies, real interest ..  more

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