...Johnson Worlanyo Ahiadorme Purpose This paper aims to examine the distributional channel of monetary policy (MP) and evaluate how financial development (FD) affects the transmission mechanism from MP to income inequality. Design/methodology/approach The empirical investigation is implemented...

... In addition to functioning as a means of payment (at least partially) and a diversification tool, part of Bitcoin’s value proposition stems from its worth as a short position on modern expansionary monetary policies. Indeed, Bitcoin’s value should rise if expansionary monetary policies are maintained...

...Nesrine Ben Salah; Hassouna Fedhila Purpose – The purpose of this paper is to assess the effect of securitization on US bank lending and monetary policy transmission. Design/methodology/approach – The authors use a sample of 174 US commercial banks from 2001 to 2008 and regress the ratio...

...Roger W. Spencer; John H. Huston Purpose This paper aims to examine the controversial issue of the extent to which Federal Reserve monetary policy may have contributed to the recent housing crisis and subsequent adverse macroeconomic developments. Design/methodology/approach The authors...

...Christopher E.S. Warburton Purpose The purpose of this paper is to investigate the performance of the trade‐weighted US dollar from 1973 to 2011 as a result of monetary policy. Design/methodology/approach Relevant time series variables – the money supply, the federal funds rate, general...

...Zulkefly Abdul Karim Purpose The purpose of this paper is to explore the role of monetary policy transmission mechanism channel on firms' investment spending. The focal point is to investigate the differential of monetary policy effects across sub‐sector firms' investment by examining the role...

...Yutaka Kurihara Purpose The purpose of this article is to analyse methods for determination of exchange rates in response to fundamental economic variables and changes in monetary policies. Design/methodology/approach The paper undertakes empirical examination of exchange rate movements...

...Paresh Kumar Narayan; Seema Narayan; Sagarika Mishra; Russell Smyth Purpose The purpose of this paper is to examine the monetary policy transmission mechanism for the Fiji Islands using a structural vector autoregressive (SVAR) model for the period 1975 to 2005. Design/methodology/approach...

... tool to conduct monetary policy in Jordan. The new operating procedure of CBJ is to influence bank deposits and lending rates to guarantee a high demand on the Jordanian dinar relative to the US dollar. Hence, the success of monetary policy to achieve its goals depends on how the CDs rate affects...

... speculation during the three major bull markets of the past century; monetary policy did little to inhibit market speculation. Originality/value Highly original in the construction of a single variable reflective of market speculation; joins the ongoing debate as to the extent of Federal Reserve concern...

...; and integrated (or fractionally integrated) seasonal processes. Luis A. Gil‐Alana can be contacted at: alana@unav.es © Emerald Group Publishing Limited 2007 Germany National economy Monetary policy Modelling seasonality in macroeconomic time series is a matter that still remains...

... monetary policy, especially quantitative monetary easing, has not yet been fully determined. The effect of the policy on stock prices has not been discussed at all. Analyzing this effect is important because of its impact on the Japanese economic recovery, which has prevailed for more than ten years...