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...
| Tác giả chính: | |
|---|---|
| Tác giả khác: | |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2015/186 |
| Truy cập trực tuyến: | Full text available on IMF |