Whither now?
Article Abstract:
The movements of foreign exchange markets have been thought to react upon the arrival of news concerning changes in monetary policy. However, close examination of the US forex market does not show any significant fluctuations in reaction to particular news disclosures. Economic news with pre-announced release dates have been proven to produce jumps in volatility within minutes of disclosure. The use of high frequency data at given intervals has been shown to produce price spikes and subsidence after a few minutes.
Publication Name: Banca Nazionale Del Lavoro Quarterly Review
Subject: Business
ISSN: 0005-4607
Year: 1997
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Banks and monetary transmission in Europe: empirical evidence
Article Abstract:
A study has been conducted to examine bank lending behavior in continental Europe. The study used bank-level panel data for fiscal years 1990-1995 in investigating the existence of a bank lending and balance sheet channel in Europe. Findings have revealed that monetary policy in continental Europe matter most for small banks and for banks with relatively illiquid balance sheets. Most of the results point to the existence of a bank lending channel in Germany and the Netherlands.
Publication Name: Banca Nazionale Del Lavoro Quarterly Review
Subject: Business
ISSN: 0005-4607
Year: 1999
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