Have a personal or library account? Click to login
Non-Standard Measures of the Monetary Policy – Mechanism for Overcoming Problems in the Implementation of the Neoliberal Concept of Monetary Policy During a Financial Crisis Cover

Non-Standard Measures of the Monetary Policy – Mechanism for Overcoming Problems in the Implementation of the Neoliberal Concept of Monetary Policy During a Financial Crisis

Open Access
|Jan 2018

References

  1. Bank for International Settlements. (2003). Monetary stability, financial stability and the business cycle: five views. BIS Papers, 18.
  2. Bank for International Settlements. (2014). Re-thinking the lender of last resort. BIS Papers.
  3. Boeckx, M., Dossche, M., & Peersman, G. (2017). Effectiveness and transmission of the ECB's balance sheet policies. International Journal of Central Banking, 13 (1): 297-333.
  4. Borio, C., & Disyatat, P. (2010). Unconventional monetary policies: An appraisal. The Manchester School, pp. 53-89.10.1111/j.1467-9957.2010.02199.x
  5. Carlson, M., Duygan-Bump, B., & Nelson, W. (2015). Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007–09 US financial crisis. BIS Working Papers.
  6. Cour-Thimann, P., & Winkler, B. (2013). The ECB's non-standard monetary policy measures: The role of institutional factors and financial structure. Working Paper Series, 1528.10.2139/ssrn.2239093
  7. De Grauwe, P. (2013). The European Central Bank as Lender of Last Resort in the Government Bond Markets. CESifo Economic Studies, 59 (3): 520-535.
  8. Đurović-Todorović, J. (2010). Monetarna ekonomija. Niš: Ekonomski fakultet.
  9. ECB Statistical Data Warehouse. (2017, November 13). Preuzeto sa http://sdw.ecb.europa.eu/
  10. Gagnon, J., & Hinterschwiger, M. (2013). Responses of Central Banks in Advanced Economies to the Global Financial Crisis. (Changyong Rhee & Adam S. Posen, ed.) Responding to Financial Crisis: Lessons from Asia then, the United States and Europe now, pp. 57-102. Asian Development Bank.
  11. Giannone, D., Lenza, M., & Pill, H. (2011). Non-standard monetary policy measures and monetary developments. Working Paper Series, 1290.10.1017/CBO9781139044233.008
  12. Goodfriend, M. (2011). Central Banking in the Credit Turnoil: An Assessment of Federal Reserve Practice. Journal of Monetary Economics, 58 (1): 1-12.10.1016/j.jmoneco.2010.09.008
  13. Herr, H. (2014). The European Central Bank and the US Federal Reserve as Lender of Last Resort. PANOECONOMICUS, 1: 59-78.
  14. Hlebik, S., & Verga, G. (2015). The european central bank quantitative policy and its consistency with the demand for liquidity. Scientific Annals of the “Alexandru loan Cuza” University of lasi Economic Sciences, 62(3): 425-451.
  15. Illing, G., & Konig, P. (2014). The European Central Bank as Lender of Last Resort. DIW Economic Bulletin, pp. 16-28.
  16. International Monetary Fund. (2017). http://data.imf.org/?sk=B83F71E8-61E3-4CF1-8CF3-6D7FE04D0930&sId=1459354327011
  17. Jenkins, P., & Longworth, D. (2015). Securing Monetary and Financial Stability: Why Canada Needs a Macroprudential Policy Framework. C.D. HOWE Institute Commentary, 429.10.2139/ssrn.2623648
  18. Krstić, B. & Jemović, M. (2015) The imperative of Improving the Financial Regulatory Framework under Crisis Conditions – A Contradictio in adjecto of the Neoliberal Paradigm, Facta Universitatis Series: Economics and Organization, 12(1):1-14.
  19. Krstić, B., Marinković, S. & Jemović, M. (2010). Aktuelne kontraverze o nadležnostima centralne banke u odnosu na njene tradicionalne funkcije, Ekonomske teme, 48(4):481-498.
  20. Lakić, S. (2010). Monetarno upravljanje i kontrola u uslovima neizvjesnosti i krize. Montenegrin Journal of Economics, 11 (6): 35-47.
  21. Marinković, S. (2007). Mikrostruktura finansijskih tržišta: savremena teorija trgovanja. Niš: Ekonomski fakultet.
  22. Mishkin, F. (1996). The channels of monetary transmission: Lessons for monetary policy. NBER Working Paper, 5464.10.3386/w5464
  23. Moe, T. G. (2012). Shadow Banking and the Limits of Central Bank Liquidity Support: How to Achive a Better Balance between Global and Official Liquidity. Working Paper, 712.10.2139/ssrn.2033959
  24. Rodrik, D. (2008). Zbogom Vašingtonskom konsenzusu, zdravo vašingtonskoj pometnji? Kritički osvrt na studiju Svetske banke “Ekonomski rast devedesetih: Lekcije na osnovu decenije reformi”. Panoeconomicus, 2: 135-156.10.2298/PAN0802135R
  25. Schinasi, G., & Teixeira, P. (2006). The Lender of Last Resort in the European Single Financial Market. IMF Working Paper, 127.10.1142/9789812773418_0023
  26. Stella, P. (2009). The Federal Reserve System Balance Sheet: What Happened and Why it Matters. IMF Working Paper, 120.10.5089/9781451872675.001
DOI: https://doi.org/10.1515/ethemes-2017-0026 | Journal eISSN: 2217-3668 | Journal ISSN: 0353-8648
Language: English
Page range: 465 - 480
Submitted on: Nov 27, 2017
Accepted on: Jan 10, 2018
Published on: Jan 24, 2018
Published by: University of Niš, Faculty of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2018 Andriana Milošević, Mirjana Jemović, published by University of Niš, Faculty of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.