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Relationship Between Short-Term Interest Rates and Excess Reserves : A Logistic Approach

Author/Editor: Romain M Veyrune, Guido della Valle, Shaoyu Guo.

Release Date:April, 2018

This paper models the relationship between short-term rates and excess reserves in an interest rate corridor as a logistic function estimated for the Eurosystem. The estimate helps to identify more...



Price: $18.00
The Effective Lower Bound for the Policy Rate in Euroized Economies—An Application to the Case of Albania

Author/Editor: Guido della Valle, Erald Themeli, Romain M Veyrune, Ezequiel Cabezon, Shaoyu Guo.

Release Date:March, 2018

Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a more...



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Euroization Drivers and Effective Policy Response: An Application to the case of Albania

Author/Editor: Guido della Valle, Vasilika Kota, Romain M Veyrune, Ezequiel Cabezon, Shaoyu Guo.

Release Date:January, 2018

This paper proposes a methodology to develop empirically based and theoretically consistent deeuroization policies. It is derived from the experience of Albania. The paper is the first attempt to more...



Price: $18.00