FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2896487031> ?p ?o ?g. }

• W2896487031 abstract "Central bank communication has become an important monetary policy tool. This is because it helps to improve the effectiveness of monetary policy by sharing information, which reduces uncertainty. Previous research on the topic has concentrated on central banks in developed economies, such as the Bank of England, the European Central Bank, and the Federal Reserve. This research contributes to the literature by providing insights from the perspective of emerging economies, where communications of Chinese and Indian central banks are examined. The first empirical chapter investigates the effectiveness of communication of People s Bank of China (PBOC) on Chinese financial markets: the interbank money market, the equity market, and foreign exchange markets, are analysed using time-series models. The main focus of the chapter includes an analysis of PBOC s credibility, construction of a new communication index on global economic outlook, more detailed communication indexes, and addressing how-to-communicate questions in the PBOC s communication strategies. The results indicate that the PBOC has credibility and its communication generally reduces volatility in these markets. The second empirical chapter looks at the role of the PBOC s communication in predicting policy rates, using an ordered probit model. The communication indexes constructed in the chapter cover both formal and informal communications of PBOC for 2009 to 2015 and a new communication index on money supply was also constructed. The main finding is that PBOC s communications (particularly on inflation) are useful for predicting PBOC s monetary policy stance. The money supply communication index has some, but not much predictability powers. Finally, the third empirical chapter compares central bank communications in China and India. The contribution of the chapter lies in the comparative analysis of two central banks communications of developing economies, which were overlooked in the extant literature. It shows that the communications on the countries monetary policy inclination have influence on macroeconomic variables of the countries, particularly, the short-term inflation expectations. The findings, therefore, suggest the effectiveness of communications as an unconventional monetary policy tool in emerging economies." @default.
• W2896487031 created "2018-10-26" @default.
• W2896487031 creator A5077280148 @default.
• W2896487031 date "2018-01-01" @default.
• W2896487031 modified "2023-09-23" @default.
• W2896487031 title "Effectiveness of central bank communication on financial markets in emerging economies, with a special focus on China" @default.
• W2896487031 cites W1600801258 @default.
• W2896487031 cites W181394109 @default.
• W2896487031 cites W1892256564 @default.
• W2896487031 cites W1931875383 @default.
• W2896487031 cites W1969132139 @default.
• W2896487031 cites W1975303927 @default.
• W2896487031 cites W1976834167 @default.
• W2896487031 cites W1980704087 @default.
• W2896487031 cites W1985151727 @default.
• W2896487031 cites W1992106818 @default.
• W2896487031 cites W1998556528 @default.
• W2896487031 cites W2000455272 @default.
• W2896487031 cites W2001538490 @default.
• W2896487031 cites W2010772862 @default.
• W2896487031 cites W2014105031 @default.
• W2896487031 cites W2016850642 @default.
• W2896487031 cites W2018603916 @default.
• W2896487031 cites W2023239665 @default.
• W2896487031 cites W2025003124 @default.
• W2896487031 cites W2027135392 @default.
• W2896487031 cites W2027973364 @default.
• W2896487031 cites W2029602479 @default.
• W2896487031 cites W2036422333 @default.
• W2896487031 cites W2038169625 @default.
• W2896487031 cites W2038699529 @default.
• W2896487031 cites W2044176719 @default.
• W2896487031 cites W2047493669 @default.
• W2896487031 cites W2050062147 @default.
• W2896487031 cites W2050093186 @default.
• W2896487031 cites W2060227832 @default.
• W2896487031 cites W2063479244 @default.
• W2896487031 cites W2068354951 @default.
• W2896487031 cites W2072063629 @default.
• W2896487031 cites W2077317923 @default.
• W2896487031 cites W2083128235 @default.
• W2896487031 cites W2084665213 @default.
• W2896487031 cites W2090788209 @default.
• W2896487031 cites W2097154168 @default.
• W2896487031 cites W2098317876 @default.
• W2896487031 cites W2103325263 @default.
• W2896487031 cites W2105835183 @default.
• W2896487031 cites W2108910241 @default.
• W2896487031 cites W2110026038 @default.
• W2896487031 cites W2110337991 @default.
• W2896487031 cites W2113033763 @default.
• W2896487031 cites W2114745027 @default.
• W2896487031 cites W2115474781 @default.
• W2896487031 cites W2116259019 @default.
• W2896487031 cites W2122360235 @default.
• W2896487031 cites W2125732734 @default.
• W2896487031 cites W2128820348 @default.
• W2896487031 cites W2129384759 @default.
• W2896487031 cites W2138676685 @default.
• W2896487031 cites W2142139182 @default.
• W2896487031 cites W2142250153 @default.
• W2896487031 cites W2142705058 @default.
• W2896487031 cites W2147840269 @default.
• W2896487031 cites W2148491736 @default.
• W2896487031 cites W2152475418 @default.
• W2896487031 cites W2155336158 @default.
• W2896487031 cites W2157055998 @default.
• W2896487031 cites W2160846075 @default.
• W2896487031 cites W2167280335 @default.
• W2896487031 cites W2168703096 @default.
• W2896487031 cites W2274844380 @default.
• W2896487031 cites W2278829456 @default.
• W2896487031 cites W2583170171 @default.
• W2896487031 cites W2769967772 @default.
• W2896487031 cites W3121368961 @default.
• W2896487031 cites W3121663175 @default.
• W2896487031 cites W3121952315 @default.
• W2896487031 cites W3121954946 @default.
• W2896487031 cites W3122108101 @default.
• W2896487031 cites W3122199095 @default.
• W2896487031 cites W3122447205 @default.
• W2896487031 cites W3122503575 @default.
• W2896487031 cites W3122555112 @default.
• W2896487031 cites W3122706317 @default.
• W2896487031 cites W3122877910 @default.
• W2896487031 cites W3122907600 @default.
• W2896487031 cites W3123123204 @default.
• W2896487031 cites W3123215769 @default.
• W2896487031 cites W3123306991 @default.
• W2896487031 cites W3123595939 @default.
• W2896487031 cites W3123669185 @default.
• W2896487031 cites W3123701064 @default.
• W2896487031 cites W3123953516 @default.
• W2896487031 cites W3124718731 @default.
• W2896487031 cites W3124735434 @default.
• W2896487031 cites W3124864791 @default.
• W2896487031 cites W3124933125 @default.
• W2896487031 cites W3124935538 @default.
• W2896487031 cites W3125144504 @default.
• W2896487031 cites W3125166638 @default.

• next