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Влияние «robo-signing» на интенсивность проведения нетрадиционной монетарной политики в условиях финансового кризиса
С. 338–364.
Malkov E. S.
Language:
Russian
Keywords: финансовый кризисfinancial crisisunconventional monetary policyнетрадиционная монетарная политикаrobo-signingнедобросовестное поведение банков
Publication based on the results of:
Rincon C. J., Journal of Economic Studies 2026 P. 1–18
Purpose
This study assesses the impact of the European Central Bank's (ECB) Unconventional Monetary Policy (UMP) on economic growth via its effects on sovereign bond yields in the Eurozone. Unlike previous studies that focus on high-frequency data and short-term effects, this study provides evidence on the long-term effects of the ECB's asset purchases on key macroeconomic ...
Added: May 31, 2026
Тушнолобова М. О., Экономическая социология 2025
Bruce Carruthers’ book “The Economy of Promises: Trust, Power, and Credit in America” is devoted to a historical and sociological analysis of the evolution of credit relations in the United States. The key question that the author answers is how did creditors decide whom to trust in different periods of U. S. history? The author ...
Added: November 18, 2025
Grigoryev L. M., Россия в глобальной политике 2025 Т. 23 № 2 С. 170–188
The period preceding the reforms of the 1990s, the activities of the leaders and participants of the processes should be discussed “according to the bylinas of that time”, and not according to memories and later adjustments to a given or even known result. This does not exclude a contemporary assessment of past events. But we ...
Added: May 16, 2025
Lee H., Sergey U. Chernikov, Nagy S. et al., Social Sciences 2022 Vol. 11 No. 11 Article 522
This empirical study investigates the impact of the Hofstede cultural dimensions (HCD) on the Global Innovation Index (GII) scores in four different years (2007, 2009, 2019 and 2021) to compare the impacts during the pre- and post-crisis (financial and COVID-19) period by employing ordinary least square (OLS) and robust least square (Robust) analyses. The purpose ...
Added: March 11, 2025
Choi S., Phiri A., Teplova T. et al., International Review of Economics and Finance 2024 Vol. 91 P. 348–363
Using the spillover index, we investigated the relationship between Islamic equity markets and unconventional monetary policy(UMP) in five advanced economies. We documented that the spillovers among equity markets (“intraconnectedness”) are stronger than the spillovers among equity markets and monetary policy (“interconnectedness”), based on a static analysis of both returns and volatility. Second, the time-varying total ...
Added: April 27, 2024
Arkhipov A. V., Емельянов А. А., Сторожук В. В., Вопросы инновационной экономики 2022 Т. 12 № 4 С. 2649–2668
Для борьбы с последствиями глобального финансового кризиса 2008 г. многие центральные банки начали переходить к использованию инструментов нетрадиционной монетарной политики. Наиболее дискуссионным инструментом стала политика отрицательных процентных ставок, которая противоречила
теоретическим представлениям о природе процентных ставок. В статье исследуется вопрос нарушения
принципа паритета процентных ставок в контексте нетрадиционной монетарной политики и, прежде
всего, политики отрицательных процентных ставок. В ...
Added: April 1, 2024
Dzhagityan E. P., Mukhametov O., Вопросы экономики 2023 № 12 С. 86–102
Systemic risks in the framework of central banks’ unconventional monetary policy (UMP) have so far received little attention in the extant economic literature. Based on evidence from the UMP of the European Central Bank (ECB), we analyze systemic risks stemming from the difference between materialized systemic risks (financial stress) and their potential level (expected capital ...
Added: November 12, 2023
Umar Z., Riaz Y., Shahab Y. et al., Pacific-Basin Finance Journal 2023 Vol. 80 Article 102056
This paper explores the connectedness between the returns and volatilities of the conventional and Islamic bond markets. We use the level, slope, and curvature of the US yield curve and estimate the connectedness of these factors with the Dow Jones Islamic indices (of 3 to 10 years of maturity) as well as the minimum connectedness portfolio. The ...
Added: June 22, 2023
Моисеева Д. В., Kuzina O. E., Экономическая социология 2022 Т. 23 № 5 С. 121–132
In his book ‘The Social Life of Money’ Nigel Dodd, a professor at the LSE, presents the results of his research on money. The main purpose of the book is to reconsider the nature of money, especially its social nature. The author explores the possibilities to change society rethinking the existing economic, sociological, philosophical, psychological, ...
Added: November 12, 2022
Dajčman S., Kavkler A., Merzlyakov S. et al., Journal of Central Banking Theory and Practice 2022 Vol. 11 No. 1 P. 227–247
This paper studies the international transmission of the
euro area´s monetary policy and financial stress to Russia. The results
show that financial stress in the euro area damages Russian
economic activity and stock prices, but not its trade balance. The
contractionary euro area monetary policy shock decreases Russian
GDP, leads to real appreciation of the euro against the Russian rouble,
damages ...
Added: September 7, 2022
Dabrowski M., Вопросы экономики 2022 № 2 С. 5–32
The paper contains a retrospective analysis of macroeconomic policy and macroeconomic reforms in post-Soviet countries in 1992-2021, that is, after obtaining political and economic independence at the end of 1991. A special attention is given to problems of macroeconomic stabilization and economic growth. As a result of structural distortions inherited from the Soviet economy and ...
Added: February 22, 2022
Яшина Н. И., Kashina O., Петров С. С. et al., Финансовая аналитика: проблемы и решения 2020 Т. 13 № 4 С. 362–382
Subject. This article discusses new possibilities for diagnosing the state of the country's financial and economic system and monitoring the true signs of crisis phenomena. Objectives. The article aims to develop effective methods of diagnosing and predicting financial crises in Russia using a special system of economic indicators and digital analytical tools. Methods. For the ...
Added: November 30, 2021
Mukhametov O., , in: Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020).: Atlantis Press, 2020. P. 388–396.
After the announcement of the COVID-19 pandemic the volatility in financial markets has increased significantly, which has caused the intensification of the systemic financial stress in the EU countries. European central bank (ECB) has taken several measures, including expanding asset purchase programs to mitigate the negative effects of the coronavirus crisis. The significant increase in ...
Added: September 13, 2021
Kosov M., Аудиторские ведомости 2020 № 1 С. 64–68
The work is devoted to the practice of using the standard for the analysis of debt sustainability in foreign countries. The study highlights the features of modern trends in the development of legal and methodological aspects of public debt management. The fundamental conclusion is the need to develop a system of legal regulation, including restrictions ...
Added: September 4, 2021
Kosov M., Иванова (Юхимова) Я. Я., Финансовая жизнь 2017 № 3 С. 89–98
Предмет. В настоящее время практически каждая страна, независимо от степени интеграции экономики в мировую финансовую систему, переживает кризис разной глубины и специфики. В силу различий в исходных условияхи уровне развития государств, не существует универсальных рецептов по преодолению кризиса. В связи с кризисными явлениями в мировой экономике остро встала проблема необходимости перестроения финансовой политики государства так, ...
Added: August 13, 2021
Merzlyakov S., Kuznetsova O., Pekarski S. E., Russian Journal of Economics 2019 Vol. 5 No. 2 P. 117–135
The global financial crisis of 2007–2009 has changed the landscape for monetary policy. Many central banks in developed economies had to employ various unconventional policy tools to overcome a liquidity trap. These included large-scale asset purchase programs, forward guidance and negative interest rate policies. While recently, some central banks were able to return to conventional ...
Added: June 8, 2021