Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "E44"
Wyświetlanie pozycji 1-6 z 6
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Crisis, contagion and international policy spillovers under foreign ownership of banks
(2016-03)This paper checks how international spillovers of shocks and policies are modified when banks are foreign owned. To this end we build a two-country macroeconomic model with banking sectors that are owned by residents of ... -
Equilibrium foreign currency mortgages
(2016-12)This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Our argument is based on what we call the debt limit channel, which arises ... -
Transmission of monetary policy and exchange rate shocks under foreign currency lending
(2017-08)This paper analyses the differences in reaction of domestic and foreign currency lending to monetary and exchange rate shocks, using a panel VAR model estimated for three biggest Central and Eastern European countries ... -
The non-linear nature of country risk and its implications for DSGE models
(2018-05)Country risk premia can substantially affect macroeconomic dynamics. We concentrate on one of their most important determinants - a country’s net foreign asset position and - in contrast to the existing research - investigate ... -
Central bank credibility, long-term yields and the effects of monetary integration
(2021-01)Forming a monetary union implies equalization of short-term interest rates across the member states as monetary policy is delegated to a common central bank, but also leads to integration of risk-free bond markets. In this ... -
Quantitative Easing in the US and Financial Cycles in Emerging Markets
(2021-03)Large international capital movements tend to be associated with strong fluctuations in asset prices and credit, contributing to domestic financial cycles and posing challenges for stabilization policies, especially in ...