U.S. Monetary Policy and Bank Liquidity Creation: VAR Evidence
|Author:||Mgr. Branislav Lacko|
|Year:||2014 - summer|
|Leaders:|| prof. Roman Horváth Ph.D.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||With recent financial crisis the importance of liquidity not only as indicator of financial health ofbanks heightened. Thus this thesis aims the focus to relationship between real economy and bank liquidity creation, and provides empirical evidence of significant relationship between bank liquidity creation and GDP or inflation. Moreover, it shows that implementation of bank liquidity creation indicator into Taylor rule ,in order to address for financial stability and health, is suitable alternative for financial stress index|