The impact of policy decisions on global liquidity during the recent financial crisis

Name: The impact of policy decisions on global liquidity during the recent financial crisis
Author: Satıroğlu, Sait, Şener, Emrah, Shafer, M., Yıldırım, Y.

İsim	The impact of policy decisions on global liquidity during the recent financial crisis
Yazar	Satıroğlu, Sait, Şener, Emrah, Shafer, M., Yıldırım, Y.
Basım Tarihi:	2015-03
Basım Yeri	- Wiley
Konu	Covered interest rate parity, Economic policy, Financial crisis, Currency liquidity, Foreign exchange rates
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	2-s2.0-84926526760
Kayıt Numarası	17bf199e-0739-4c60-af0b-62bd567fcf73
Lokasyon	Business Administration
Tarih	2015-03
Örnek Metin	The collapse of the recent housing price bubble precipitated the 2007–2008 financial crisis and caused international funding liquidity to dry up. We investigate how economic policies undertaken by the Federal Reserve and U.S. Treasury around the crisis impacted global liquidity by examining the covered interest rate parity (CIRP) condition. We find that swap lines orchestrated by the Fed, stress test announcements, asset purchase programs, and other economic policy and news events significantly impacted CIRP violations. Our findings indicate that policies undertaken during the crisis helped relieve market frictions in foreign exchange markets and that the impact of these policies differed for developed and emerging markets.
DOI	10.1002/ijfe.1507
Cilt	20

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The impact of policy decisions on global liquidity during the recent financial crisis

Yazar Satıroğlu, Sait, Şener, Emrah, Shafer, M., Yıldırım, Y.

Basım Tarihi 2015-03

Basım Yeri - Wiley

Konu Covered interest rate parity, Economic policy, Financial crisis, Currency liquidity, Foreign exchange rates

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 2-s2.0-84926526760

Kayıt Numarası 17bf199e-0739-4c60-af0b-62bd567fcf73

Lokasyon Business Administration

Tarih 2015-03

Örnek Metin The collapse of the recent housing price bubble precipitated the 2007–2008 financial crisis and caused international funding liquidity to dry up. We investigate how economic policies undertaken by the Federal Reserve and U.S. Treasury around the crisis impacted global liquidity by examining the covered interest rate parity (CIRP) condition. We find that swap lines orchestrated by the Fed, stress test announcements, asset purchase programs, and other economic policy and news events significantly impacted CIRP violations. Our findings indicate that policies undertaken during the crisis helped relieve market frictions in foreign exchange markets and that the impact of these policies differed for developed and emerging markets.

DOI 10.1002/ijfe.1507

Cilt 20