International Financial Markets and Monetary Policy
The global financial crisis plunged the global economy into a great recession. Many central banks responded with unconventional monetary policies such as quantitative easing, negative policy rates, and forward guidance to calm down financial markets. The COVID-19 pandemic led the global economy, fin...
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| Format: | Online |
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| Language: | English |
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MDPI - Multidisciplinary Digital Publishing Institute
2023
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| Online Access: | ONIX_20230405_9783036568942_158 |
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| collection | Directory of Open Access Books |
| description | The global financial crisis plunged the global economy into a great recession. Many central banks responded with unconventional monetary policies such as quantitative easing, negative policy rates, and forward guidance to calm down financial markets. The COVID-19 pandemic led the global economy, financial markets, and central banks to face even more severe problems. Central banks set up further asset purchase programmes to complement existing unconventional monetary policy measures that have already been in place to help the economy to absorb the COVID-19 shock. The new crisis has increased the importance of preserving financial stability through the international cooperation of central banks around the globe. Managing the expectations of market participants plays a crucial role in the context of financial stability. Therefore, the aim of this Special Issue is to disseminate important empirical and theoretical research questions concerning the connection between monetary policy and international financial markets and to stimulate discussion among academics and policymakers. A special focus is devoted to emerging and developing economies. The Special Issue covers several different articles on a variety of topics from the fields of monetary policy and international financial markets. The contributions address research questions on exchange rates, cryptocurrencies, stock markets, the connection between money supply and inflation after the COVID-19 pandemic, the role of commodity price shocks for banking system stability in developing countries, global liquidity effects, the twin deficit, and the Taylor rule. |
| format | Online |
| id | doab-20.500.12854ir-98879 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | MDPI - Multidisciplinary Digital Publishing Institute |
| publisherStr | MDPI - Multidisciplinary Digital Publishing Institute |
| record_format | ojs |
| spelling | doab-20.500.12854ir-988792024-03-29T19:31:03Z International Financial Markets and Monetary Policy Czudaj, Robert Taylor rule fundamentals exchange rate out-of-sample forecast random walk directional accuracy financial crisis twin deficit hypothesis budget balance current account balance MENA region oil countries non-oil countries PVAR modeling financial-crisis South-East Asia event driven fund performance efficient market hypothesis adaptive market hypothesis behavioral finance market conditions Markov switching model threshold VAR global inflation inflation financial global finance liquidity commodity BRVM WAEMU regional stock exchange economic growth developing countries currency export stock returns triple regime-switching model Vietnam TASI unit root granger causality sectoral indices Sharia investment Jakarta Islamic Index (JKII) price loss risk geometric Brownian motion Value at Risk exchange exchange theory money money theory power financial inclusion commercial banks financial services profitability financial leverage Jordan cryptocurrency blockchain survival function risk weight hazard ratio commodity price shocks banking sector stability panel data Africa time series vector autoregressiion pandemic COVID-19 unemployment rate thema EDItEUR::K Economics, Finance, Business and Management The global financial crisis plunged the global economy into a great recession. Many central banks responded with unconventional monetary policies such as quantitative easing, negative policy rates, and forward guidance to calm down financial markets. The COVID-19 pandemic led the global economy, financial markets, and central banks to face even more severe problems. Central banks set up further asset purchase programmes to complement existing unconventional monetary policy measures that have already been in place to help the economy to absorb the COVID-19 shock. The new crisis has increased the importance of preserving financial stability through the international cooperation of central banks around the globe. Managing the expectations of market participants plays a crucial role in the context of financial stability. Therefore, the aim of this Special Issue is to disseminate important empirical and theoretical research questions concerning the connection between monetary policy and international financial markets and to stimulate discussion among academics and policymakers. A special focus is devoted to emerging and developing economies. The Special Issue covers several different articles on a variety of topics from the fields of monetary policy and international financial markets. The contributions address research questions on exchange rates, cryptocurrencies, stock markets, the connection between money supply and inflation after the COVID-19 pandemic, the role of commodity price shocks for banking system stability in developing countries, global liquidity effects, the twin deficit, and the Taylor rule. 2023-04-05T12:56:51Z 2023-04-05T12:56:51Z 2023 book ONIX_20230405_9783036568942_158 9783036568942 9783036568959 https://directory.doabooks.org/handle/20.500.12854/98879 eng application/octet-stream Attribution 4.0 International https://mdpi.com/books/pdfview/book/6932 https://mdpi.com/books/pdfview/book/6932 MDPI - Multidisciplinary Digital Publishing Institute 10.3390/books978-3-0365-6895-9 10.3390/books978-3-0365-6895-9 46cabcaa-dd94-4bfe-87b4-55023c1b36d0 9783036568942 9783036568959 268 Basel open access |
| spellingShingle | Taylor rule fundamentals exchange rate out-of-sample forecast random walk directional accuracy financial crisis twin deficit hypothesis budget balance current account balance MENA region oil countries non-oil countries PVAR modeling financial-crisis South-East Asia event driven fund performance efficient market hypothesis adaptive market hypothesis behavioral finance market conditions Markov switching model threshold VAR global inflation inflation financial global finance liquidity commodity BRVM WAEMU regional stock exchange economic growth developing countries currency export stock returns triple regime-switching model Vietnam TASI unit root granger causality sectoral indices Sharia investment Jakarta Islamic Index (JKII) price loss risk geometric Brownian motion Value at Risk exchange exchange theory money money theory power financial inclusion commercial banks financial services profitability financial leverage Jordan cryptocurrency blockchain survival function risk weight hazard ratio commodity price shocks banking sector stability panel data Africa time series vector autoregressiion pandemic COVID-19 unemployment rate thema EDItEUR::K Economics, Finance, Business and Management International Financial Markets and Monetary Policy |
| title | International Financial Markets and Monetary Policy |
| title_full | International Financial Markets and Monetary Policy |
| title_fullStr | International Financial Markets and Monetary Policy |
| title_full_unstemmed | International Financial Markets and Monetary Policy |
| title_short | International Financial Markets and Monetary Policy |
| title_sort | international financial markets and monetary policy |
| topic | Taylor rule fundamentals exchange rate out-of-sample forecast random walk directional accuracy financial crisis twin deficit hypothesis budget balance current account balance MENA region oil countries non-oil countries PVAR modeling financial-crisis South-East Asia event driven fund performance efficient market hypothesis adaptive market hypothesis behavioral finance market conditions Markov switching model threshold VAR global inflation inflation financial global finance liquidity commodity BRVM WAEMU regional stock exchange economic growth developing countries currency export stock returns triple regime-switching model Vietnam TASI unit root granger causality sectoral indices Sharia investment Jakarta Islamic Index (JKII) price loss risk geometric Brownian motion Value at Risk exchange exchange theory money money theory power financial inclusion commercial banks financial services profitability financial leverage Jordan cryptocurrency blockchain survival function risk weight hazard ratio commodity price shocks banking sector stability panel data Africa time series vector autoregressiion pandemic COVID-19 unemployment rate thema EDItEUR::K Economics, Finance, Business and Management |
| topic_facet | Taylor rule fundamentals exchange rate out-of-sample forecast random walk directional accuracy financial crisis twin deficit hypothesis budget balance current account balance MENA region oil countries non-oil countries PVAR modeling financial-crisis South-East Asia event driven fund performance efficient market hypothesis adaptive market hypothesis behavioral finance market conditions Markov switching model threshold VAR global inflation inflation financial global finance liquidity commodity BRVM WAEMU regional stock exchange economic growth developing countries currency export stock returns triple regime-switching model Vietnam TASI unit root granger causality sectoral indices Sharia investment Jakarta Islamic Index (JKII) price loss risk geometric Brownian motion Value at Risk exchange exchange theory money money theory power financial inclusion commercial banks financial services profitability financial leverage Jordan cryptocurrency blockchain survival function risk weight hazard ratio commodity price shocks banking sector stability panel data Africa time series vector autoregressiion pandemic COVID-19 unemployment rate thema EDItEUR::K Economics, Finance, Business and Management |
| url | ONIX_20230405_9783036568942_158 |