In May 2013, Federal Reserve officials first began to talk of the possibility of the US central bank tapering its securities purchases from $85 billion a month to something lower. A milestone to which many observers point is 22 May 2013, when Chairman Bernanke raised the possibility of tapering in his testimony to Congress.
Tapering talk: The impact of expectations of reduced Federal Reserve security purchases on emerging markets
Barry Eichengreen, Poonam Gupta, 19 December 2013
A framework for two macro policy instruments: Money and banking combined
Hans Gersbach, 12 October 2011
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Topics: International finance, Macroeconomic policy, Monetary policy
Tags: banking regulation, Macroprudential policies, microprudential regulation, monetary policy
Tail risk: Higher capital is not enough
Enrico Perotti, Lev Ratnovski, Razvan Vlahu, 26 August 2011
The financial part of the global crisis centred on banks and bank-like institutions. Naturally, the regulatory reaction has similarly focused on financial institutions. Much of this debate has rightfully focused on the need for higher bank capital.
- Internationalisation, innovation, and productivity of firmsAltomonte, Aquilante, Békés, Ottaviano
- Predicting economic turning pointsAhir, Loungani
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- The ECB should do QE via forex interventionFrankel
- The chartbook of economic inequalityAtkinson, Morelli
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides