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Political Pressure on the Bank of Japan: Interference or Accountability? - Economic Synopses

Markets have come to believe that the Bank of Japan can and will raise Japan’s inflation rate to meet its new target.

research.stlouisfed.org/.../political-pressure-on-the-bank-of-japan-interference-or-accountability

The Asset Holdings of the Bank of Japan - Economic Synopses

The Bank of Japan purchases large amounts of Japanese government bonds, enabling it to control long-term bond yields.

research.stlouisfed.org/.../economic-synopses/2019/07/15/the-asset-holdings-of-the-bank-of-japan

Systemic Risk and the Financial Crisis: A Primer - Review

How did problems in a relatively small portion of the home mortgage market trigger the most severe financial crisis in the United States since the Great Depression? Several developments played a role, including the proliferation of complex mortgage-backed securities and derivatives with highly opaque structures, high leverage, and inadequate risk management.

research.stlouisfed.org/.../review/2009/09/01/systemic-risk-and-the-financial-crisis-a-primer

International Inflation Trends - Economic Synopses

Expected inflation rates have risen in many countries after fiscal and monetary stimulus helped economies recover from the COVID-19 lockdown.

research.stlouisfed.org/.../economic-synopses/2021/05/14/international-inflation-trends

An Introduction to Capital Controls - Review

The relatively recent resumption of large international capital flows and the Asian crisis have revived interest in capital controls—taxes or restrictions on international transactions in assets like stocks or bonds.

research.stlouisfed.org/publications/review/1999/11/01/an-introduction-to-capital-controls

A Foreign Exchange Intervention in an Era of Restraint - Review

The Japanese yen appreciated strongly and rapidly against other major currencies in the wake of the massive March 11, 2011, Tohoku earthquake. High volatility and disorder in financial markets prompted the G-7 authorities to jointly intervene to weaken the yen.

research.stlouisfed.org/.../2011/09/01/a-foreign-exchange-intervention-in-an-era-of-restraint

Using Implied Volatility to Measure Uncertainty About Interest Rates - Review

This article explains implied volatility (IV) and how it can differ from the market's true expectation of uncertainty. It also estimates IV of 3-month eurodollar interest rates from 1985 to 2001 and evaluates its ability to predict realized volatility. 

research.stlouisfed.org/.../using-implied-volatility-to-measure-uncertainty-about-interest-rates

Responses of International Central Banks to the COVID-19 Crisis - Review

This article reviews and explains the recent policy reactions of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan to the financial and macroeconomic turmoil caused by the COVID-19 pandemic. The financial and monetary policy actions of major central banks in the most recent crisis have, by some metrics, surpassed their responses to the Global Financial Crisis of 2007-09 in both swiftness and scope.

research.stlouisfed.org/.../10/22/responses-of-international-central-banks-to-the-covid-19-crisis