Supervisory Shopping in the Banking Sector: When Is It Socially
... The main result of the framework is that supervisory shopping has a positive impact on social welfare when Congress can credibly commit to a no-bailout policy. The intuition is that without a bailout, bankers require a strong supervisor who can catalyze market confidence in the banking system. That, ...
... The main result of the framework is that supervisory shopping has a positive impact on social welfare when Congress can credibly commit to a no-bailout policy. The intuition is that without a bailout, bankers require a strong supervisor who can catalyze market confidence in the banking system. That, ...
Introduction to an Alternative History of Money
... The argument is extended to the development of fiat money by noting that in the 17th century, commodity money was commonly deposited with “goldsmiths” for safekeeping against receipts called “goldsmiths’ notes.” Time and effort (now called shoe leather costs) could be saved by exchanging notes, rath ...
... The argument is extended to the development of fiat money by noting that in the 17th century, commodity money was commonly deposited with “goldsmiths” for safekeeping against receipts called “goldsmiths’ notes.” Time and effort (now called shoe leather costs) could be saved by exchanging notes, rath ...
Slide 1
... the instruments and measures for achieving that goal Personal: guarantees the protection of the Governor and the Council members from various kinds of pressure, precisely determines the conditions for the appointment and removal from office, and guards against the conflict of interest Financial: ...
... the instruments and measures for achieving that goal Personal: guarantees the protection of the Governor and the Council members from various kinds of pressure, precisely determines the conditions for the appointment and removal from office, and guards against the conflict of interest Financial: ...
- Central Bank of Solomon Islands
... The notion of the scale variable seeks to capture the number of transactions that relate to economic activity. Several income and wealth variables have been put forward to measure economic activity of an economy (see Subramanian, 1999). The premise for including a cost of holding variable centres a ...
... The notion of the scale variable seeks to capture the number of transactions that relate to economic activity. Several income and wealth variables have been put forward to measure economic activity of an economy (see Subramanian, 1999). The premise for including a cost of holding variable centres a ...
Abandoning Cagan money demand for the analysis of monetary
... the literature that small variations of them can be found in several major textbooks, such as Blanchard and Fischer (1989), Obstfeld and Rogoff (1996), Walsh (2003) or Romer (2006) for instance. They imply the possibility of dual equilibria and the existence of an inflation tax Laffer curve. However ...
... the literature that small variations of them can be found in several major textbooks, such as Blanchard and Fischer (1989), Obstfeld and Rogoff (1996), Walsh (2003) or Romer (2006) for instance. They imply the possibility of dual equilibria and the existence of an inflation tax Laffer curve. However ...
Post Keynesian Monetary Economics: A Critical Survey
... 2 ‘Money matters’ ‘Money matters.’ ‘Money is non-neutral, even in the long run.’ Such phrases recur frequently in the post Keynesian literature.7 Somewhat confusingly, they are not the direct contraries of the propositions that ‘money doesn’t matter’ and that ‘money is neutral’, as these have been u ...
... 2 ‘Money matters’ ‘Money matters.’ ‘Money is non-neutral, even in the long run.’ Such phrases recur frequently in the post Keynesian literature.7 Somewhat confusingly, they are not the direct contraries of the propositions that ‘money doesn’t matter’ and that ‘money is neutral’, as these have been u ...
PPT - HNB
... the regular and structural reverse repo operations and lombard loans are shown as change in one quarter. Source: CNB. ...
... the regular and structural reverse repo operations and lombard loans are shown as change in one quarter. Source: CNB. ...
The Dark Side of Bank Wholesale Funding
... retail deposits (Feldman and Schmidt, 2001). The funding shortage is caused by intense competition for household savings from mutual funds, life insurance products, etc., and by the rapid growth in lending opportunities. In response, banks tap into wholesale markets to attract liquidity surpluses of ...
... retail deposits (Feldman and Schmidt, 2001). The funding shortage is caused by intense competition for household savings from mutual funds, life insurance products, etc., and by the rapid growth in lending opportunities. In response, banks tap into wholesale markets to attract liquidity surpluses of ...
December 2016
... The United Arab Emirates (U.A.E.), a Constitutional Federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah), has astonished the world with its affluent economy through the most spectacular development all-around. The rich heritage tagged with the w ...
... The United Arab Emirates (U.A.E.), a Constitutional Federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah), has astonished the world with its affluent economy through the most spectacular development all-around. The rich heritage tagged with the w ...
PDF - Deutsche Bank
... Comprises pro-forma fully loaded CET1, plus all current eligible AT1 outstanding (under phase-in). Assumes that new eligible AT1 will be issued as this phases out Total assets (adjusted) plus CRD4 gross-up; see calculation on page 8 ...
... Comprises pro-forma fully loaded CET1, plus all current eligible AT1 outstanding (under phase-in). Assumes that new eligible AT1 will be issued as this phases out Total assets (adjusted) plus CRD4 gross-up; see calculation on page 8 ...
Financial Regulation and the Federal Reserve System As Prepared
... (which by the way do not have to be a financial institution at all but can be anyone operating in the financial system so designated by the Financial Stability Oversight Council (FSOC), of which the Fed is a member. The Fed is also the financial agent for the US government, and designs and implement ...
... (which by the way do not have to be a financial institution at all but can be anyone operating in the financial system so designated by the Financial Stability Oversight Council (FSOC), of which the Fed is a member. The Fed is also the financial agent for the US government, and designs and implement ...
NBER WORKING PAPER SERIES ARE ALL BANKING CRISES ALIKE? THE JAPANESE EXPERIENCE
... our empirical analysis, focusing on those that are likely to be important for both developed and developing countries. That is, some variables that are mainly relevant for developing countries are not included. In terms of institutional characteristics, financial liberalization is an important candi ...
... our empirical analysis, focusing on those that are likely to be important for both developed and developing countries. That is, some variables that are mainly relevant for developing countries are not included. In terms of institutional characteristics, financial liberalization is an important candi ...
the credit-anstalt myth
... levels of debt and foreign capital flight were behind the Hungarian crisis. In particular, I have identified four important claims in the Hungarian literature’s interpretation of the crisis. First, authors argue that the financial system’s demand for liquidity emerged in 1931 because their foreign c ...
... levels of debt and foreign capital flight were behind the Hungarian crisis. In particular, I have identified four important claims in the Hungarian literature’s interpretation of the crisis. First, authors argue that the financial system’s demand for liquidity emerged in 1931 because their foreign c ...
Taiwan
... disclosed, in whole or in part, or in any form or manner, without the express written consent of Merrill Lynch. Merrill Lynch research reports are distributed simultaneously to internal and client websites eligible to receive such research prior to any public dissemination by Merrill Lynch of the re ...
... disclosed, in whole or in part, or in any form or manner, without the express written consent of Merrill Lynch. Merrill Lynch research reports are distributed simultaneously to internal and client websites eligible to receive such research prior to any public dissemination by Merrill Lynch of the re ...
Chapter 12
... general name for institutions like the US Federal Reserve) that are more independent of political control have higher rates of economic growth. • This is because political influences tend to create inflationary tendencies which raises interest rates and lowers longterm investment. ...
... general name for institutions like the US Federal Reserve) that are more independent of political control have higher rates of economic growth. • This is because political influences tend to create inflationary tendencies which raises interest rates and lowers longterm investment. ...
Measuring Transaction Costs and Institutional Change in the U.S.
... economics. Banking operates on a fractional reserve system in which banks create money ...
... economics. Banking operates on a fractional reserve system in which banks create money ...
Document
... point, they will make a capital loss when rates do rise. When all market participants hold this belief, the demand for money becomes perfectly horizontal, and the economy is in a liquidity trap. The Fed is unable to lower interest rates by increasing the supply of money. Monetary policy is ineffecti ...
... point, they will make a capital loss when rates do rise. When all market participants hold this belief, the demand for money becomes perfectly horizontal, and the economy is in a liquidity trap. The Fed is unable to lower interest rates by increasing the supply of money. Monetary policy is ineffecti ...
Monetary Economics
... 5 flasks which cost you RM10 each. But, let say now, PRICE RISES to RM25 each. Instead now, you can buy only 2 flasks. ...
... 5 flasks which cost you RM10 each. But, let say now, PRICE RISES to RM25 each. Instead now, you can buy only 2 flasks. ...
THE DEMAND FOR MONEY
... It is costly to hold money balances since they represent bundles of goods that could be consumed. Therefore, no one will voluntarily hold money unless they receive some benefits. One possible motive for carrying money from one period to another is savings. However, money is a poor vehicle in which t ...
... It is costly to hold money balances since they represent bundles of goods that could be consumed. Therefore, no one will voluntarily hold money unless they receive some benefits. One possible motive for carrying money from one period to another is savings. However, money is a poor vehicle in which t ...
The Fundamental Principles of Financial Regulation
... first Chairman of the Financial Stability Forum, a group of senior financial officials from the major economies that monitors the health of the International Financial System. Earlier in his career, Mr. Crockett had held senior positions at the Bank of England and the International Monetary Fund. Mr ...
... first Chairman of the Financial Stability Forum, a group of senior financial officials from the major economies that monitors the health of the International Financial System. Earlier in his career, Mr. Crockett had held senior positions at the Bank of England and the International Monetary Fund. Mr ...
