May 3, 2012 · Monetary assets refer to financial instruments that can be used as a medium of exchange or store of value, which are traditionally aggregated by central banks using simple …

Feb 1, 2025 · Just as with other financial assets, the monetary services of US Treasuries can ebb and flow with the economic environment. In this section, I highlight some of the more notable …

Mar 1, 2025 · Central banks, in fulfilling their mandate, are responsible for controlling price stability, promoting output growth, and ensuring financial stability, which they achieve through …

Mar 1, 2023 · The investment and stock prices of firms with relatively more intangible assets respond less to monetary policy. Similarly, intangible investment resp…

Feb 1, 2025 · In contrast, U.S. monetary policy shocks significantly affect MMFs (especially prime MMFs in the roughly three-month horizon we consider) and stablecoins, but in opposite …

Sep 1, 2024 · The term intangible assets embraces a wide array of assets, resources and capabilities that contribute to the productive potential of firms, but which…

Sep 1, 2024 · Silicon Valley Bank (SVB) failed in a “run” on March 10, 2023, following a sharp tightening of monetary policy from March 2022. The idea that rising interest rates can lead to …

Dec 1, 2024 · Monetary policy is the primary tool central banks use to steer economies toward stability and growth. Central banks aim to achieve vital macroeconomic objectives such as …

Publisher Summary This chapter reviews the international aspects of monetary policy and presents the classical model of the open economy. The operation of the gold standard, the …

Aug 1, 2018 · This paper uses the elasticity of substitution to investigate China's money demand as well as the monetary aggregates. Specifically, I estimate the elasticities of substitution …