References

Auerbach, A. J., and M. Obstfeld. 2005. The Case for Open-Market Purchases in a Liquidity Trap. The American Economic Review 95: 110–137.

Baba, N., C. Ho, and P. Hordahl. 2009. Overview: Risk Appetite Rebounds on Stabilisation Hopes. BIS Quarterly Review, June. http://www.bis.org/publ/qtrpdf/r_qt0906a.pdf (accessed 18 June 2009).

Baba, N., M. Nakashima, Y. Shigemi, and K. Ueda. 2005a. The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market. CARF Working Paper CARFF- 034.

Baba, N., S. Nishioka, N. Oda, M. Shirakawa, K. Ueda, and H. Ugai. 2005b. Japan's Deflation, Problems in the Financial System, and Monetary Policy. BIS Working Papers 188. Basel: Bank for International Settlements.

Bank for International Settlements. 2009. BIS Quarterly Review, June.

Bank of Japan. 2001. New Procedures for Money Market Operations and Monetary Easing. 19 March. http://www.boj.or.jp/en/type/release/zuiji/kako02/k010319a.htm (accessed 11 June 2009).

Bank of Japan. 2003. Enhancement of Monetary Policy Transparency. 10 October. http://www.boj.or.jp/en/type/release/zuiji/kako03/k031010b.htm (accessed 11 June 2009).

Bank of Korea. 2009a. Financial Stability Report, No. 13. 28 April.

Bank of Korea. 2009b. Press Release. The BOK to Expand Range of Those Qualified for Loans Secured by Export Bills Purchased. 2 January.

Bernanke, B. 2009a. Federal Reserve Policies to Ease Credit and Their Implications for the Fed's Balance Sheet. Speech to the National Press Club, Washington, DC. 18 February. http://www.federalreserve.gov/newsevents/speech/ bernanke20090218a.htm (accessed 11 June 2009).

Bernanke, B. 2009b. The Federal Reserve's Balance Sheet. Speech at the Federal Reserve Bank of Richmond 2009 Credit Markets Symposium, Charlotte, North Carolina, 3 April. http://www.federalreserve.gov/newsevents/speech/bernanke20090403a.htm (accessed 11 June 2009).

Bernanke, B. and V. R. Reinhart. 2004. Conducting Monetary Policy at Very Low Short-Term Interest Rates. The American Economic Review 94(2): 85–90.

Bernanke, B., V. R. Reinhart, and B. P. Sack. 2004. Monetary Policy at the Zero Bound: An Empirical Assessment. Brookings Papers on Economic Activity 2:2004: 2–100.

Bini Smaghi, L. 2009. Conventional and Unconventional Monetary Policy. Keynote Lecture at the International Center for Monetary and Banking Studies (ICMB). Geneva, 28 April. http://www.ecb.int/press/key/date/2009/html/sp090428.en.html (accessed 18 June 2009).

Braun, R. A., and Y. Waki. 2006. Monetary Policy During Japan's Lost Decade. The Japanese Economic Review 57: 324–344.

Calvo, G. 2007. Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort. National Bureau of Economic Research Working Paper 12788. New York: NBER.

Central Bank of the Republic of China. 2008a. Monetary Policy Decisions of the Executive Directors Meeting. 25 September. http://www.cbc.gov.tw/ ct.asp?xItem=32637&ctNode=448&mp=2 (accessed 18 August 2009).

Central Bank of the Republic of China. 2008b. Monetary Policy Decisions of the Executive Directors Meeting. 30 October. http://www.cbc.gov.tw/ ct.asp?xItem=33012&ctNode=448&mp=2 (accessed 18 August 2009).

Eggertsson, G. B., and M. Woodford. 2003. The Zero Bound on Interest Rates and Optimal Monetary Policy. Brookings Papers on Economic Activity 1:2003: 139–233.

Financial Times. 2009. Doubts Grow Over Quantitative Easing. 7 July.

Fujiki, H., K. Okina, and S. Shiratsuka. 2001. Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists. Bank of Japan Monetary and Economic Studies February: 89–130.

Fujiki, H., and S. Shiratsuka. 2002. Policy Duration Effect Under the Zero Interest Rate Policy in 1999–2000: Evidence from Japan's Money Market Data. Bank of Japan Monetary and Economic Studies 20(1): 1–31.

Fujiwara, I., N. Hara, N. Hirakata, S. Watanabe, and K. Yoshimura. 2005. Monetary Policy in a Liquidity Trap: What Have We Learned, and to What End? International Finance 8: 471–508.

Ghosh, A., M. Chamon, C. Crowe, J. I. Kim, and J. Ostry. 2009. Coping with the Crisis: Policy Options for Emerging Market Countries. International Monetary Fund Position Note. 23 April. http://www.imf.org/external/pubs/ft/spn/2009/spn0908.pdf (accessed 18 June 2009).

Goodfriend, M., 2000. Overcoming the Zero Bound on Interest Rate Policy. Journal of Money, Credit and Banking 32: 1007–1035.

Hanes, C. 2006. The Liquidity Trap and US Interest Rates in the 1930s. Journal of Money, Credit, and Banking 38: 163–194.

Her Majesty's Treasury. 2009. Statement on Financial Intervention to Support Lending in the Economy. January 19. http://www.hm-treasury.gov.uk/press_05_09.htm (accessed 7 July 2009).

Honda, Y., Y. Kuroki, and M. Tachibana. 2007. An Injection of Base Money at Zero Interest Rates: Empirical Evidence from the Japanese Experience 2001–2006. Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Discussion Paper 07-08. Osaka: Osaka University.

Krugman, P. R., K. M. Dominquez, and K. Rogoff. 1998. It's Baaack: Japan's Slump and the Return of the Liquidity Trap. Brookings Papers on Economic Activity 2:1998: 137–205.

Kuttner, K. N., and A. S. Posen. 2001. The Great Recession: Lessons for Macroeconomic Policy from Japan. Brookings Papers on Economic Activity 2:2001: 93–186.

McAndrews, J. 2009. Segmentation in the US Dollar Money Markets During the Financial Crisis. Federal Reserve Bank of New York.

Meier, A. 2009. Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom. International Monetary Fund Working Paper No. WP/09/163. Washington, DC: International Monetary Fund.

Oda, N., and K. Ueda. 2007. The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach. The Japanese Economic Review 58: 303–328.

Okina, K., and S. Shiratsuka. 2004. Policy Commitment and Expectation Formation: Japan's Experience under Zero Interest Rates. North American Journal of Economics and Finance 15(1): 75–100.

Reifschneider, D., and J. C. Williams. 2000. Three Lessons for Monetary Policy in a Low- Inflation Era. Journal of Money, Credit and Banking 32(4): 936–966.

Reserve Bank of India. 2009. Third Quarter Review of RBI Monetary Policy 2008–09. Press Statement by Dr. D. Subbarao, Governor. 27 January. http://www.banknetindia.com/banking/3qreview09_press.htm (accessed 7 July 2009).

Shiller, R. 1990. The Term Structure of Interest Rates. In Handbook of Monetary Economics 1, edited by B. M. Friedman and F. H. Hahn. Amsterdam: Elsevier Science Publishers.

Svensson, L. E. O. 2001. The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap. Monetary and Economic Studies 19(S-1): 277–312.

US Federal Reserve Board. 2003. Press Release. 12 August. http://www.federalreserve.gov/ boarddocs/press/monetary/2003/20030812/default.htm (accessed 11 June 2009).

US Federal Reserve Board. 2008. Press Release. 16 December. http://www.federalreserve.gov/newsevents/
press/monetary/20081216a.htm (accessed 11 June 2009).

US Federal Reserve Board. 2009a. Press Release. 18 March. http://www.federalreserve.gov/
newsevents/press/monetary/20090318a.htm (accessed 11 June 2009).

Yuan, M. W., and C. Zimmerman. 1999. Credit Crunch, Bank Lending and Monetary Policy:

A Model of Financial Intermediation with Heterogeneous Projects. Center for Research on Economic Fluctuations and Employment (CREFE) Working Paper 89. Montreal: Université du Quebec.

Download this Paper [ PDF 294.1KB| 34 pages ].

Comment(s)

There are [0] comment(s) for this entry. Post a comment.