[PDF] Top 20 Firm financial constraints and the impact of monetary policy: evidence from financial conglomerates

... Strongin (1995) argues that previous studies attempting to identify the stanee of monetary poliey fail to properly address the Fed's strategy of accommodating reser[r] ... See full document

... in the windows 3 and 5 days after it has occurred, but European firms seem to have lost the connection with ...event. From Earnings announcements I show that some events have been transmitted ... See full document

... The impact of FD on energy consumption is giving the first steps in the ...literature. Financial development promotes energy consumption indirectly through the ...Indeed, ... See full document

... years, the world financial system has been facing one of the biggest financial ...with the collapse of subprime mortgages having a tremendous impact in ...When ... See full document

... states. The key point here is that, under the scenario that the Euro Area has a fragmented financial system, when the ECB adjusts the monetary policy by increasing ... See full document

... most of the literature, board of directors are considered to have several functions such as supervising managers, providing with information and advices, monitoring compliance with necessary ... See full document

... Starting from the definition according to which monetary stability requires an appropriate level of liquidity in an economy with dynamic objectives, of growth and job creation, ... See full document

... provide the last set of results, reflecting a mixed view from the previous two ...is evidence that output growth is more responsive to monetary policy shocks when ... See full document

... In the field of security and defence, financial constraints inherent to this crisis and the consequent negative impact on the budgets of these areas, ... See full document

... that the average goodness of fit is ...on the level of development of the economies according to the rank ...sourced from the Central Intelligence Agency ... See full document

... studied the effects on the small firms’ financing of sovereign stress and of the unconventional euro area monetary policy during the period of ... See full document

... targets’ financial constraints through better expanding their operations and ability to ...advantage of growth opportunities can create value for the mutual benefit of the ... See full document

... global financial crisis had its starting point in the US and the subprime ...expansionary monetary policy, in 2000 the Federal Reserve began reducing the funds rate ... See full document

... lengths and divide them into three groups. The first group contains one day before and after the day of event, as well as one day symmetrically surrounding the event ...extend ... See full document

... In the financial decision making, the first thing to do is to find the optimal source of funding, whether from their own capital or from ...Selection of the ... See full document

... on the financial transmission ...strong impact of such a large purchase program on several financial dimensions, such as: the term premium, the liquidity premium ... See full document

... summarizes the results from difference in difference regressions of the impact of treatment on cost of funds reported in Nuevos ...Following the model given by ... See full document

... study the impact of Contingent Convertible (CoCo) bonds issuance on financial stability using Financial Soundness Indicators as calculated by International Monetary ...novel ... See full document

... use of all useful information available to the forecasting of inflation and then to set their main instrument (the interest rate) at each date so that the forecast of ... See full document

... solve the lack of liquidity came from financial institutions controlled by the Brazilian government: BB and CEF were authorized to, directly or indirectly, acquire ownership ... See full document