About: Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach     Goto   Sponge   NotDistinct   Permalink

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  • The authors focus on financial stability in the Eurozone and propose indicator for macro-prudential policy. The empirical part of the paper applies wavelet analysis to identifiy cyclical movements in money velocity and liquidity supply. The cospectrum shows significant co-movements between 6-16 periods. The authors conclude that increase of money velocity supports financial markets to provide provide more credits. A pro-cyclical influence results in a boom which is then followed by a bust is task for macro-prudential policy and anti-cyclical instruments. Identificator based on the money velocity movements has potential function to identify instability pressures at the money market in huge monetary unions with large financial systems, where upper limit of credit money creation is vanished.
  • The authors focus on financial stability in the Eurozone and propose indicator for macro-prudential policy. The empirical part of the paper applies wavelet analysis to identifiy cyclical movements in money velocity and liquidity supply. The cospectrum shows significant co-movements between 6-16 periods. The authors conclude that increase of money velocity supports financial markets to provide provide more credits. A pro-cyclical influence results in a boom which is then followed by a bust is task for macro-prudential policy and anti-cyclical instruments. Identificator based on the money velocity movements has potential function to identify instability pressures at the money market in huge monetary unions with large financial systems, where upper limit of credit money creation is vanished. (en)
Title
  • Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach
  • Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach (en)
skos:prefLabel
  • Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach
  • Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach (en)
skos:notation
  • RIV/62156489:43110/12:00184966!RIV13-GA0-43110___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(ED2.1.00/03.0072), P(EE2.3.20.0007), P(GAP402/11/0570)
http://linked.open...iv/cisloPeriodika
  • 2
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 147188
http://linked.open...ai/riv/idVysledku
  • RIV/62156489:43110/12:00184966
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • macro-prudential policy; money endogeneity; credit money creation; wavelet analysis; financial stability (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [19680DBD6154]
http://linked.open...i/riv/nazevZdroje
  • Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • LX
http://linked.open...iv/tvurceVysledku
  • Kapounek, Svatopluk
  • Poměnková, Jitka
issn
  • 1211-8516
number of pages
http://localhost/t...ganizacniJednotka
  • 43110
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