From Lombard Street to Avenida Paulista.
The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper documents and analyzes the foreign exc...
Saved in:
| Online Access: |
Full text (MCPHS users only) |
|---|---|
| Main Author: | |
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington :
International Monetary Fund,
2009
|
| Series: | IMF Working Papers.
|
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
MARC
| LEADER | 00000cam a2200000uu 4500 | ||
|---|---|---|---|
| 001 | in00000329639 | ||
| 006 | m o d | ||
| 007 | cr |n||||||||| | ||
| 008 | 140208s2009 dcu o 000 0 eng d | ||
| 005 | 20240725193756.8 | ||
| 020 | |a 9781452789408 | ||
| 020 | |a 1452789401 | ||
| 029 | 1 | |a DEBBG |b BV044178225 | |
| 035 | |a (OCoLC)870244757 | ||
| 035 | |a (OCoLC)ocn870244757 | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d OCLCQ |d YDXCP |d OCLCQ |d ZCU |d MERUC |d ICG |d OCLCO |d OCLCF |d OCLCQ |d DKC |d OCLCQ |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 043 | |a s-bl--- | ||
| 050 | 4 | |a HG3852.5 |b .S76 2009 | |
| 082 | 0 | 4 | |a 338.291237 |q OCoLC |
| 100 | 1 | |a Stone, Mark R. | |
| 245 | 1 | 0 | |a From Lombard Street to Avenida Paulista. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (53 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/259 | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Medium and Large Emerging Market Economies, Number of Central Bank Foreign Exchange Liquidity Easing Measures, 2008-09; II. Background for Brazil; 1. Brazil-Exchange Rate level and Volatility During the Crisis; 2. Cupom Cambial and LIBOR; III. Policy Context; IV. Empirical Analysis; 2. Estimates of the Effect of the BCB's Announcements and Interventions on the Spot Rate15; 3. Estimates of the Effect of the BCB's Announcements and Interventions on the Implied Volatility. | |
| 505 | 8 | |a 4. Estimates of the Effect of the BCB's Announcements and Interventions on Basis SpreadV. Closing Thoughts; 1. Cupom Cambial and Basis Spreads; 2. Foreign Exchange Measures of the Banco Central do Brasil, September 2008-May 2009; 3. Quotes from Lombard Street; 4. Data Description; 5. Unit Root Tests; References; Footnotes. | |
| 520 | |a The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper documents and analyzes the foreign exchange liquidity providing measures of the Banco Central do Brasil (BCB) in response to varied market stresses. These measures appear to have reduced the relative onshore cost of dollar liquidity on impact and seemed to stabilize market expectations of exchange rate volatility. The results suggest that foreign exchange. | ||
| 588 | 0 | |a Print version record. | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Foreign exchange rates |z Brazil. | |
| 650 | 0 | |a Futures |z Brazil. | |
| 700 | 1 | |a Walker, W. Christopher. | |
| 700 | 1 | |a Yasui, Yosuke. | |
| 758 | |i has work: |a From Lombard Street to Avenida Paulista (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFVpWkxrXF4vh3hy8h8Jym |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Stone, Mark R. |t From Lombard Street to Avenida Paulista: Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008-09. |d Washington : International Monetary Fund, ©2009 |z 9781451874051 |
| 830 | 0 | |a IMF Working Papers. | |
| 852 | |b E-Collections |h ProQuest | ||
| 856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/mcphs/detail.action?docID=1605980 |z Full text (MCPHS users only) |t 0 |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1605980 | ||
| 938 | |a YBP Library Services |b YANK |n 11618297 | ||
| 947 | |a FLO |x pq-ebc-base | ||
| 999 | f | f | |s ee7bca5d-ce09-479e-861a-a026d234e0e0 |i 6a29f329-9ded-4fa7-b5d6-952c3f349ebf |t 0 |
| 952 | f | f | |a Massachusetts College of Pharmacy and Health Sciences |b Online |c Online |d E-Collections |t 0 |e ProQuest |h Other scheme |
| 856 | 4 | 0 | |t 0 |u https://ebookcentral.proquest.com/lib/mcphs/detail.action?docID=1605980 |y Full text (MCPHS users only) |
