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The impact of monetary policy interventions on banking sector stocks: an empirical investigation of the COVID-19 crisis
The enduring impact of the COVID-19 crisis on the financial sector is undeniable, persisting far beyond the eventual waning of the pandemic. This...
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The Importance of Sound Monetary Policy: Some Lessons for Today from Canada’s Experience with Floating Exchange Rates Since 1950
In this paper, we revisit the Canadian experience with floating exchange rates since 1950. Canada was a pioneer in successfully adopting a floating...
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The effect of central bank credibility on economic growth and output volatility in inflation targeting regime
Against the backdrop that inflation targeting is adopted to achieve a stable macroeconomy (i.e. achieve single-digit inflation rates, lock-in of...
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Effects of U.S. Monetary Policy Adjustments on the World Economy
With the outbreak of the global financial crisis as the dividing line and the federal funds rate and the reserve balances of depository institutions...
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Oral interventions in the foreign exchange market: evidence from Australia
In response to the large fluctuations of the Australian dollar in the beginning of the twenty-first century, the Reserve Bank of Australia (RBA)...
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The impact of regulation on credit card market competition: evidence from Australia
Using an error-correction style ARDL model and bounds tests for co-integration, we examine the impact of credit card reform on the relationship...
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Global liquidity spillovers in the Asia–Pacific region: policy-driven versus market-driven effects
This research investigates the spillovers of global liquidity to Asia–Pacific countries, focusing on the contradictory effects of policy-driven...
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Dynamic connectedness of economic policy uncertainty in G7 countries and the influence of the USA and UK on non-G7 countries
We examine the median and tail connectedness of the economic policy uncertainties in G7 countries (Canada, France, Germany, Italy, Japan, the UK, and...
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Effectiveness and conduct of macroprudential policy in Indonesia in 2003–2020: Evidence from the structural VAR models
The paper examines the effectiveness of macroprudential policy in Indonesia and policy reactions to economic developments. Using the structural...
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Central Bank Policy Mix: Key Concepts and Indonesia’s Experience
Central banks’ mandates cannot merely be to achieve price stability; they should be enlarged to include promoting financial system stability. To...
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The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility
This paper proposes that the Mundellian Trilemma remains valid despite the emergence of a world financial cycle. A clear distinction must be made...
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An Empirical Analysis of the Policy Impact of Foreign Investment Deregulation in the Banking Sector
This chapter is dedicated to the empirical examination of the long-term policy impacts of deregulation on foreign investment, initiated by reforms...
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COVID-19 and Exchange Rates: Spillover Effects of U.S. Monetary Policy
This paper investigates the spillover effects of United States monetary policy on exchange rates of 11 emerging markets and 12 advanced economies...
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Monetary Policy Framework in India
In 2016, the monetary policy framework moved towards flexible inflation targeting and a six-member Monetary Policy Committee (MPC) was constituted...
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Fiscal policy and real exchange rate variations in India
The fiscal policy's impact on the real exchange rates is highly controversial in theory and practice but noteworthy for macroeconomic policy. This...
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Direct Impact of U.S. Monetary Policy Adjustments on International Monetary Policy
From the perspective of global development practice, the rise of Keynesianism after the Great Depression of the 1930s gave prominence to aggregate...
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The Fading Away of Crises After 1866
The chapter provides a new explanation of how the Bank of England managed its Bank Rate in order to prevent major crises after the crisis of 1866....
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Monetary Policy Strategies in Advanced and Emerging Economies
We investigate the time-series properties of the price level in advanced and emerging economies. We are motivated by the debate of whether central...
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Gendered taxes: the interaction of tax policy with gender equality
This paper provides an overview of the relationship between tax policy and gender equality, covering labor, capital and wealth, as well as...
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Total Economic Rents in Australia as a Source for Basic Income
Interest in basic income has resurged from the realization that Artificial Intelligence (AI) is replacing human beings in the workforce. Therefore,...