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	Provedor de dados AgEcon (4) Autor Amin, Mario Miguel (1) Andrade Junior, Wanderley Lopes De (1) Asjaha, T.A. (1) Farhi, Emmanuel (1) Hammond, Gill (1) Jooste, Andre (1) Kanbur, Ravi (1) Prasad, Eswar (1) Tirole, Jean (1) Mais... Palavra-chave Monetary Policy (4) Financial Economics (3) Agricultural Finance (1) Agricultural Prices (1) Controle de Crédito (1) Credit Control (1) Credit Policy (1) E44 (1) E52 (1) Economies (1) Emerging Markets (1) Error Correction Models (1) Funding Liquidity Risk (1) G28 (1) Industrial Prices (1) Interest Rate (1) International Development (1) International Relations/Trade (1) Macro-Prudential Supervision (1) Money Neutrality (1) Mais... Tipo do documento Working or Discussion Paper (2) Conference Paper or Presentation (1) Journal Article (1) Ano 2009 (2) 2008 (1) 2007 (1) País United States (4) Idioma Inglês (3) Português (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 4 Primeira ... 1 ... Última Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts AgEcon Farhi, Emmanuel; Tirole, Jean. The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance sheet lowers the return on equity. The key ingredient is that monetary policy is non-targeted. The ex post benefits from a monetary bailout accrue in proportion to the number amount of leverage, while the distortion costs are to a large extent fixed. This insight has important consequences. First, banks choose to correlate their risk exposures. Second, private borrowers may deliberately choose to increase their interest-rate sensitivity following bad news about... Tipo: Working or Discussion Paper Palavras-chave: Monetary Policy; Funding Liquidity Risk; Strategic Complementarities; Macro-Prudential Supervision; Financial Economics; E44; E52; G28. Ano: 2009 URL: http://purl.umn.edu/52545 The Effect of Monetary Changes on Relative Agricultural Prices AgEcon Asjaha, T.A.; Jooste, Andre. Relative change in agricultural prices determines farmers` investment decisions, productivity and income. Thus, understanding the factors that influence agricultural prices is fundamental for sustainable growth in this sector and the rest of the economy. This paper investigates the short- and long-run impacts of monetary policy changes on relative agricultural prices in South Africa by employing Johansen cointegration analysis and the Vector Error Correction Model (VECM) respectively. The results of Johansen cointegration analysis reject the long-run money neutrality hypothesis which suggests that the rate of increase in prices is not unit proportional to the rate of increase in money supply. On the other hand, the results of the dynamic relationships... Tipo: Journal Article Palavras-chave: Monetary Policy; Error Correction Models; Agricultural Prices; Industrial Prices; Money Neutrality; Agricultural Finance; Financial Economics. Ano: 2007 URL: http://purl.umn.edu/8016 RACIONAMENTO DE CRÉDITO NO BRASIL: EVIDÊNCIAS EMPÍRICAS PARA O SETOR EMPRESARIAL NO PERÍODO 2000 - 2005 AgEcon Andrade Junior, Wanderley Lopes De; Amin, Mario Miguel. Uma avaliação empírica da existência de racionamento de crédito, segundo Stiglitz e Weiss (1981), requer o estudo do impacto da política monetária sobre o mercado de crédito, em especial sobre a taxa de juros dos empréstimos. Desta forma, o objetivo deste artigo é analisar as relações dinâmicas existentes entre a taxa de juros praticada pelos bancos nas operações de crédito destinadas às empresas e a taxa de juros do mercado monetário brasileiro com vistas a evidenciar a existência de racionamento de crédito no Brasil. A importância da análise do fenômeno “racionamento de crédito” decorre do fato de que, existindo racionamento de crédito, a política monetária pode afetar o produto real sem grandes mudanças nas taxas de juros. Como resultado, verificou-se... Tipo: Conference Paper or Presentation Palavras-chave: Política Monetária; Controle de Crédito; Política de Crédito; Taxa de Juro; Monetary Policy; Credit Control; Credit Policy; Interest Rate; Financial Economics. Ano: 2008 URL: http://purl.umn.edu/109079 Monetary Policy Challenges for Emerging Market Economies AgEcon Hammond, Gill; Kanbur, Ravi; Prasad, Eswar. This paper introduces a significant new collection of papers on monetary policy in emerging market economies, written by leading analysts and policy makers. Does existing economic theory provide lessons that are pertinent for designing effective monetary policy frameworks in emerging markets? What can be learned from cross-country studies and from experiences of individual countries that have adopted different approaches? While country-specific circumstances and initial conditions matter a great deal in formulating suitable frameworks, are there clear general principles that can serve as a guide in this process? These are among the issues addressed in the dialogue between academics and policy makers represented in this volume. In this paper, we provide an... Tipo: Working or Discussion Paper Palavras-chave: Emerging Markets; Monetary Policy; Economies; International Development; International Relations/Trade; Political Economy; Public Economics. Ano: 2009 URL: http://purl.umn.edu/48925 Registros recuperados: 4 Primeira ... 1 ... Última

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