해외동향 | Violating the law of one price: the role of non-conventional monetary policy | 한국금융연구원

[LHKOREA]

2016-07-05 일자 [제 16-50 호]

Violating the law of one price: the role of non-conventional monetary policy
ECB (2016-07-05)

We document that a large yield spread, a basis, developed between USD- and EUR-denominated comparable bonds issued by the same euro area country over the 2008-2013 period. We find evidence that the basis varies over time, dependin ..  more

The Bank of Japan Can Continue Quantitative and Qualitative Monetary Easing for Only Two More Years: The Adoption of Negative Interest Rates Is Proposed
JCER (2016-07-05)

Deflation and long-term stagnation continued in Japan for almost two decades. QQE will reach its quantitative limit in the middle of 2017 at the earliest. A structure based on negative interest rates that does not cause a fl ..  more

Euro currency risk and the geography of debt flows to peripheral European monetary union members
World Bank (2016-07-05)

The pattern of debt flows to peripheral European Monetary Union members seems puzzling: they are mostly indirect and channeled through the large countries of the European Monetary Union. This paper examines to what extent the intr ..  more

제 목	발행기관	발행일자
Is this the 'Coming Apart' election? A Q&A with Charles Murray	AEI	16-07-04
The US labor market: Questions and challenges for public policy	AEI	16-07-04
Responsive Design for Digital Banking	BAI	16-07-04
Three Tips for Growing Core Customer Relationships	BAI	16-07-04
Exchange Rate Risk Premium: An Analysis of its Determinants for the Mexican Peso-USD	Bank of Mexico	16-07-04
The Effect of Natural Gas Shortages on the Mexican Economy	Bank of Mexico	16-07-04
Brexit shows there's no end of stress	Banking Exchane	16-07-04
China abroad: The long march to Europe	Brookings	16-07-05
The Changing Landscape of American Life Expectancy	Brookings	16-07-05
Are Lower Private Equity Returns the New Normal?	CEPR	16-07-05
Findings on Relative Deprivation from the Survey of Household Economics and Decisionmaking	FRB	16-07-05
Funding Liquidity Risk and the Cross-section of MBS Returns	FRB	16-07-05
Labor Force Transitions at Older Ages: Burnout, Recovery, and Reverse Retirement	FRB	16-07-05
The Effect of Monetary Policy on Housing Tenure Choice as an Explanation for the Price Puzzle	FRB	16-07-05
Unconventional Monetary Policy and International Risk Premia	FRB	16-07-05
What Determines the Composition of International Bank Flows?	FRB	16-07-05
Health Spending Slowed Down in Spite of the Crisis	FRB of New York	16-07-05
Repurchase Agreements as an Instrument of Monetary Policy at the Time of the Accord	FRB of New York	16-07-05
The First Debt Ceiling Crisis	FRB of New York	16-07-05
The Science of Monetary Policy: An Imperfect Knowledge Perspective	FRB of New York	16-07-05
Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy	NBER	16-07-05
Cash for Carbon: A Randomized Controlled Trial of Payments for Ecosystem Services to Reduce Deforestation	NBER	16-07-05
Dynamic Demand Estimation in Auction Markets	NBER	16-07-05
Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report	NBER	16-07-05
Prices versus Quantities with Policy Updating	NBER	16-07-05
Taxing Wealth: Evidence from Switzerland	NBER	16-07-05
The Permanent Effects of Fiscal Consolidations	NBER	16-07-05

제 목	발행기관	발행일자
Breaking down world trade elasticities: a panel ECM approac	Bank of Spain	16-07-05
Growing by learning: firm-level evidence on the size-productivity nexus	Bank of Spain	16-07-05
Modelling interest payments for macroeconomic assessment	Bank of Spain	16-07-05
Collateral Damage: The impact of the Russia sanctions on sanctioning countries' exports	CEPII	16-07-05
The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007	CEPII	16-07-05
A Fresh Start for the European Union after Brexit	CEPS	16-07-05
Labour Mobility in the EU: Addressing challenges and ensuring 'fair mobility'	CEPS	16-07-05
Banks' interest rate risk and search for yield: a theoretical rationale and some empirical evidence	Deutsche Bundesbank	16-07-05
Transmission of global financial shocks to EMU member states: the role of monetary policy and national factors	Deutsche Bundesbank	16-07-05
Have monetary data releases helped markets to predict the interest rate decisions of the European Central Bank?	ECB	16-07-05
Pricing sovereign credit risk of an emerging market	ECB	16-07-05
Shadow banking in the euro area: risks and vulnerabilities in the investment fund sector	ECB	16-07-05
Stressed interbank markets: evidence from the European financial and sovereign debt crisis	ECB	16-07-05
The limits of model-based regulation	ECB	16-07-05
Violating the law of one price: the role of non-conventional monetary policy	ECB	16-07-05
Financial Repression and the Debt Build-up in China: Is There a Way Out?	ECIPE	16-07-05
Effects of revised methodology for calculating the CPI	Norges Bank	16-07-04
Liquidity Management and Central Bank Strength: Bank of England Operations Reloaded, 1889-1910	Norges Bank	16-07-04

제 목	발행기관	발행일자
The Bank of Japan Can Continue Quantitative and Qualitative Monetary Easing for Only Two More Years: The Adoption of Negative Interest Rates Is Proposed	JCER	16-07-05
Assessing the economic value of probabilistic forecasts in the presence of an inflation target	Reserve Bank of New Zealand	16-07-04
Can Financial Literacy Reduce Anxiety about Life in Old Age?	RIETI	16-07-05
Measures to Promote Green Cars: Eval‎uation at the car variant level	RIETI	16-07-05
Willingness to Pay for Clean Air: Evidence from the air purifier markets in China	RIETI	16-07-05

제 목	발행기관	발행일자
A Report on Enhancing Labour Mobility in the APEC Region	APEC	16-07-04
A spare tire for capital markets: Fostering corporate bond markets in Asia	BIS	16-07-05
Guidance Note on the Assessment of Reserve Adequacy and Related Considerations	IMF	16-07-05
Income Polarization in the United States	IMF	16-07-05
Syria's Conflict Economy	IMF	16-07-05
What's Up with U.S. Wage Growth and Job Mobility?	IMF	16-07-05
Boosting skills for all in the Netherlands	OECD	16-07-05
Enhancing private investment in the Netherlands	OECD	16-07-05
Euro currency risk and the geography of debt flows to peripheral European monetary union members	World Bank	16-07-05
Impacts of carbon pricing in reducing the carbon intensity of China's GDP	World Bank	16-07-05
Poverty and policy selectivity of World Bank trust funds	World Bank	16-07-05

제 목	발행기관	발행일자
Australian Election Losers Could Include Triple-A Rating	AWSJ	16-07-05
Uber Rival Grab Gains Ground in Southeast Asia	AWSJ	16-07-05
Pounds Plunge Benefits Some Businesses, Punishes Others	AWSJ	16-07-04
Too Early to Decide How ECB Should Respond to Brexit, Coeure Says	AWSJ	16-07-04
Brexit Hobbles Japan Inc. as Rising Yen Weighs On Profit Outlook	Bloomberg	16-07-05
Five Reasons Why Australia's PM Is in Deep Trouble	Bloomberg	16-07-05
China Bank Bailout Calls Grow Louder as Markets Seen Vulnerable	Bloomberg	16-07-04
Osborne Floats 15% Business Tax to Prop Up Post-Brexit Economy	Bloomberg	16-07-04
Brexit and the City of London : From folly to fragmentation	Economist	16-07-01
Charlemagne : And shut the door behind you	Economist	16-07-01
Foreign policy : Our bulldozers, our rules	Economist	16-07-01
Just when they thought it was over : Austria will rerun its nightmarishly close presidential election	Economist	16-07-01
The Economist explains : How to avoid Brexit	Economist	16-07-01
Bad-debt warning triggers fresh fears for Italian banks	FT	16-07-05
Goldman Sachs tells its asset managers to tighten belts	FT	16-07-05
Brexit doubts hit Bank of America sale of UK card unit	FT	16-07-04
Businesses prepare legal challenge over Brexit negotiations	FT	16-07-04