Members' Digest

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2018

Post-Crisis Banking Regulations and Financial Market Liquidity

Darrell DUFFIE
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Commentaries

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2020, Pandemic

Post-COVID-19 Reconfiguration of the Global Value Chains and China

Bernard YEUNG, Hanming FANG
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Post COVID-19, How Will We Be Better?

Danny QUAH
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2021

Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges

Joshua AIZENMAN, Hiro ITO
We outline two divergent exit strategies of the U.S. from the post COVID-19 debt-overhang, and analyze their implications on Emerging Markets and global stability. The first strategy is the U.S. aiming at returning to the 2019, pre-COVID mode of loose fiscal policy and accommodating monetary policy....
Keywords: COVID-19, interest rate, public debt, growth rate
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Annual Conference

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Investment Finance, Senior Fellows/Fellows

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May 2023

Portfolio Rebalancing and Consumption Response of Households to Monetary Policy Shocks

Yeow Hwee CHUA, Sumit AGARWAL, Pulak GHOSH, Changcheng SONG
Using micro-level administrative data from India, we examine the portfolio rebalancing and consumption response of households to changes in interest rate. By exploiting variation in the timing of expiry of term deposits, we find that when interest rate falls, households rebalance their portfolio fro...
Keywords: Monetary Policy, Household Finance, Portfolio Rebalancing, Consumption, Savings, Liquidity
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