Portfolio Rebalancing in Japan : Constraints and Implications for Quantitative Easing /
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic rebalancing scenario, which suggests that the BoJ may need to taper its JGB purchases in 2017 or 2018, given collateral needs of banks, asset-liability management constraints of insurers, an...
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | |
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2015.
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| سلاسل: | IMF Working Papers; Working Paper ;
No. 2015/186 |
| الوصول للمادة أونلاين: | Full text available on IMF |