Conventional and unconventional balance sheet practices and their impact on currency stability

The principal objective of this study is to examine the different policy implications of balance sheet expansion and the impact on currency stability on a monthly basis. Balance sheets can evolve due to conventional and unconventional monetary practices, generally through foreign exchange reserve po...

Teljes leírás

Elmentve itt :
Bibliográfiai részletek
Szerzők: Kiss Gábor Dávid
Balog Enikő
Dokumentumtípus: Cikk
Megjelent: 2018
Sorozat:INTERNATIONAL JOURNAL OF MONETARY ECONOMICS AND FINANCE 11 No. 1
doi:10.1504/IJMEF.2018.090575

mtmt:3346854
Online Access:http://publicatio.bibl.u-szeged.hu/21855
LEADER 01794nab a2200217 i 4500
001 publ21855
005 20220927140833.0
008 210709s2018 hu o 0|| zxx d
022 |a 1752-0479 
024 7 |a 10.1504/IJMEF.2018.090575  |2 doi 
024 7 |a 3346854  |2 mtmt 
040 |a SZTE Publicatio Repozitórium  |b hun 
041 |a zxx 
100 1 |a Kiss Gábor Dávid 
245 1 0 |a Conventional and unconventional balance sheet practices and their impact on currency stability  |h [elektronikus dokumentum] /  |c  Kiss Gábor Dávid 
260 |c 2018 
300 |a 76-94 
490 0 |a INTERNATIONAL JOURNAL OF MONETARY ECONOMICS AND FINANCE  |v 11 No. 1 
520 3 |a The principal objective of this study is to examine the different policy implications of balance sheet expansion and the impact on currency stability on a monthly basis. Balance sheets can evolve due to conventional and unconventional monetary practices, generally through foreign exchange reserve policies or by qualitative and quantitative easing. Monetary policy instruments are measured by different balance sheet ratios. Currency stability is captured by two methods, one focuses on monthly number of extreme currency fluctuations through the contravention of normal distribution at tails, and another utilises conditional volatility. The sample contains seven European central banks between 2006 and 2014: one manages a key currency, four has a safe haven currency while two of them are considered as an emerging currency. The key currency issuer central bank presented a significant interaction between its balance sheet ratios and currency stability only, where monetary expansion calmed its currency market 
700 0 1 |a Balog Enikő  |e aut 
856 4 0 |u http://publicatio.bibl.u-szeged.hu/21855/1/2016_IJMEF_45_AAV.pdf  |z Dokumentum-elérés