해외동향 | Has monetary policy made you happier? | 한국금융연구원

[LHKOREA]

2020-07-14 일자 [제 20-52 호]

Has monetary policy made you happier?
Bank of England (2020-07-14)

Concerns were raised about the distributional impact of the loosening in UK monetary policy following the financial crisis. We assess the impact of this loosening on well-being using household-level data and estimated ut ..  more

COVID-19 Exposes Asian Banks' Vulnerability to US Dollar Funding
ADB (2020-07-14)

This brief examines the US dollar funding exposure of Asian banks and suggests how policy makers in the region could support financial stability. The coronavirus disease (COVID-19) pandemic has put pressure on emergin ..  more

Eighteenth progress report on adoption of the Basel regulatory framework
BIS (2020-07-14)

This updated progress report provides a high-level view of Basel Committee members' progress in adopting the Basel III standards as of end-May 2020. It focuses on the status of adoption of all the Basel III standards ..  more

제 목	발행기관
Non-competing Data Intermediaries	Bank of Canada
Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies	Bank of Canada
ASEAN economic prospects amid emerging turbulence	Brookings
Reducing bias in AI-based financial services	Brookings
Taking a broader view of "junk insurance"	Brookings
The impact of the COVID-19 crisis on trade : Recent evidence from East Africa	Brookings
The post COVID-19 world: Economic nationalism triumphant?	Brookings
Trying to loosen the Linchpin : China's approach to South Korea	Brookings
ePrivacy & Data Protection	Citi GPS
A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession	FRB
Computerizing Households and the Role of Investment-Specific Productivity in Business Cycles	FRB
Natural Disasters, Climate Change, and Sovereign Risk	FRB
Scarcity of Safe Assets and Global Neutral Interest Rates	FRB
The Hidden Heterogeneity of Inflation Expectations and its Implications	FRB
The State Dependent Effectiveness of Hiring Subsidies	FRB
Eval‎uating the Benefits of a Streamlined Refinance Program	FRB of Cleveland
Will COVID-19-Induced Rental Nonpayment Drive Large Reductions in Shelter Inflation? Hints from the Great Recession	FRB of Cleveland
College Tuition and Income Inequality	FRB of Minneapolis
How Do Voters Respond to Welfare vis-a-vis Public Good Programs? An Empirical Test for Clientelism	FRB of Minneapolis
Measuring Movement and Social Contact with Smartphone Data: A Real-Time Application to COVID-19	FRB of Minneapolis
The Assessment Gap: Racial Inequalities in Property Taxation	FRB of Minneapolis
Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic	FRB of Philadelphia
Bubbles and the Value of Innovation	FRB of Richmond
The Rising Cost of Climate Change: Evidence from the Bond Market	FRB of San Francisco
Seigniorage and Sovereign Default: The Response of Emerging Markets to COVID-19	FRB of St. Louis
The Coronavirus Pandemic Highlights the Critical Importance of Digital Trade	Heritage
Debt Management and the Fiscal Balance	Levy
Fiscal Policy in Argentina, Brazil, and Mexico and the 2030 Agenda for Sustainable Development	Levy
The "Kansas City" Approach to Modern Money Theory	Levy
Prioritizing health: A prescription for prosperity	McKinsey
A Theory of Social Impact Bonds	NBER
Can Technology Solve the Principal-Agent Problem? Evidence from China's War on Air Pollution	NBER
COVID-19 and Implications for Automation	NBER
Does the Actuarial Adjustment for Pension Delay Affect Retirement and Claiming Decisions?	NBER
Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight	NBER
Going Bankrupt in China	NBER
Identification and Estimation of Undetected COVID-19 Cases Using Testing Data from Iceland	NBER
Rational Sentiments and Economic Cycles	NBER
Testing the Theory of Common Stock Ownership	NBER
The Incentive Effects of Cash Transfers to the Poor	NBER
The Real Effects of Modern Information Technologies	NBER
The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market	NBER
The Sensitivity of Cash Savings to the Cost of Capital	NBER
Using Equity Market Reactions to Infer Exposure to Trade Liberalization	NBER
Why Does Globalization Fuel Populism? Economics, Culture, and the Rise of Right-wing Populism	NBER
Bank Credit Infrastructure Is The Weakest Link	Oliver Wyman
Digitalized Life Insurance : How life insurers can realize value from digital	Oliver Wyman
Insurance: Post COVID-19 Digital Partnership Models	Oliver Wyman
The rise and fall of import substitution	PIIE

제 목	발행기관
Coping with Covid-19 in differing ways	Allianz
Dollar shortages and central bank swap lines	Bank of England
Has monetary policy made you happier?	Bank of England
Reading between the lines - Using text analysis to estimate the loss function of the ECB	Bank of Finland
Russians' "impressionable years" : life experience during the exit from communism and Putin-era beliefs	Bank of Finland
The impact of alternative forms of bank consolidation on credit supply and financial stability	Bank of Spain
Greening the recovery by greening the fiscal consolidation	Bruegel
The impact economy: balancing profit and impact	Bruegel
A dilemma between liquidity regulation and monetary policy: some history and theory	CEPR
Are Online Markets More Integrated than Traditional Markets? Evidence from Consumer Electronics	CEPR
Asymmetric Effects of Monetary Policy Easing and Tightening	CEPR
Board dynamics over the startup lifecycle	CEPR
Close Competitors? On the Causes and Consequences of Bilateral Bank Competition	CEPR
COVID-19, Race, and Redlining	CEPR
Currency appreciation, distance to border and price changes: Evidence from Swiss retail prices	CEPR
Economic preferences across generations and family clusters: A large-scale experiment	CEPR
Kicking the can down the road: government interventions in the European banking sector	CEPR
Mutual Fund Performance and Flows During the COVID-19 Crisis	CEPR
Pareto-improving reforms of tax deductions	CEPR
The Cleansing Effect of Banking Crises	CEPR
The U.S. Coal Sector between Shale Gas and Renewables: Last Resort Coal Exports?	DIW
Central banks in parliaments: a text analysis of the parliamentary hearings of the Bank of England, the European Central Bank and the Federal Reserve	ECB
Compositional effects of O-SII capital buffers and the role of monetary policy	ECB
Modeling the consumption response to the CARES Act	ECB
Who takes the ECB's targeted funding?	ECB
Low pass-through and high spillovers in NOEM: What does help and what does not	National Bank of Belgium
Service characteristics and the choice between exports and FDI: Evidence from Belgian firms	National Bank of Belgium
The interaction between macroprudential and monetary policies: The cases of Norway and Sweden	Norges Bank
Double overreaction in beauty contests with information acquisition: theory and experiment	Swiss National Bank
China Asset Management at an Inflection Point	WEF

제 목	발행기관
COVID-19 Exposes Asian Banks' Vulnerability to US Dollar Funding	ADB
Demographic Change, Technological Advances, and Growth: A Cross-Country Analysis	ADB
Urban Agglomeration and Firm Innovation: Evidence from Asia	ADB
IBOR Transition Guide for Asia	ASIFMA
Stock Return Predictability and Variance Risk Premia around the ZLB	BOJ
금융서비스에 있어서 고객정보의 이용에 관한 법률문제연구소 보고서 (In Japanese)	BOJ
최근 자본흐름을 둘러싼 논의 - 일본과 아시아에 대한 자금유입 동향과 향후 과제 (In Japanese)	BOJ
고령자 보유 금융자산의 현황 및 과제 (In Japanese)	NDL Japan

제 목	발행기관
Research on Cloud-based Sharing Platform of Multi-Energy Microgrids for APEC Economies	APEC
Eighteenth progress report on adoption of the Basel regulatory framework	BIS
Implications of financial market development for financial stability in emerging market economies	BIS
The Matthew effect and modern finance: on the nexus between wealth inequality, financial development and financial technology	BIS
Supervisory issues associated with benchmark transition: Report to the G20	FSB
A Quantitative Model for the Integrated Policy Framework	IMF
Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework	IMF
Reexamining the National Savings-Investment Nexus Across Time and Countries	IMF
Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States	IMF
Building digital workforce capacity and skills for data-intensive science	OECD
Digital business diagnostic tools for SMEs and entrepreneurship : A review of international policy experiences	OECD
OECD Economic Surveys of the United States	OECD
OECD Employment Outlook 2020	OECD
The costs of regulatory barriers to trade in services : New estimates of ad valorem tariff equivalents	OECD

제 목	발행기관
Can an Emerging Market Become a Policy Pioneer	bloomberg
China Renews Push for Increased Global Role for the Yuan	bloomberg
Global Banks Risk Breaching China Law by Complying With U.S.	bloomberg
Is Business About to Get Harder in Hong Kong	bloomberg
Health Insurers Could Post Record Profit as Patients Stay Home	bloomberg
How Hong Kong Sanctions Could Threaten Wall Street	bloomberg
Crypto Stablecoins Face Increasing Regulatory Scrutiny	bloomberg
Trump Aides Weigh Proposals to Undermine Hong Kong's Dollar Peg	bloomberg
China Installs Hardline Team to Enforce Hong Kong Security Law	bloomberg
Hong Kong Deserves the World's Support	bloomberg
As the economy recovers fiscal policy has to shift	economist
Why so many Singaporeans voted for the opposition	economist
The pandemic revives ultra-safe European bonds	economist
The race to lead the WTO begins	economist
What if technology tracked all carbon emissions	economist
What if water shortages destabilise China	economist
Stockmarket mania comes to China again.	economist
The bitter dispute over Africa's largest dam	economist
America's huge stimulus is having surprising effects on the poor	economist
Covid-19 is here to stay. People will have to adapt	economist
Central banks expand their role to address the crisis	ft
US asset managers set to fight proposals on ESG investments	ft
Banks in Hong Kong audit clients for exposure to US sanctions	ft
US sunbelt states see record rises in Covid-19 fatalities	ft
Banks need to prepare now for Covid-19 losses later	ft
Silicon Valley weighs whether to leave Hong Kong	ft
Italian mafia bonds sold to global investors	ft
US volatility indices show persistent investor 'fear' after rally	ft
How Wall Street internships are going virtual	ft
Why Hong Kong cannot be another Singapore	ft
Fed, Treasury Disagreements Slowed Start of Main Street Lending Program	wsj
Here's an Investment That Perfectly Tracks the Economy	wsj
Mnuchin Expects New Stimulus Deal by End of July	wsj
YRC Lenders Agree to Extend Trucker's Debt Terms	wsj
New Coronavirus Surges Slow Economic Recovery	wsj
Why ESG Funds Don't Belong in Your 401(k)	wsj
Covid Still Poses Challenges for Financial System, Fed's Quarles Says	wsj
New U.S. Rules on Foreign Students Put Universities in Dilemma	wsj
Asia-Focused ETFs Are a Post-Lockdown Play	wsj
Small Business Loans Helped the Well-Heeled and Connected, Too	wsj