View the Entire Research Piece as a PDF here.
... From the late 1980s, the Fed, under chairman Allan Greenspan, had the tendency to lower interest rates every time the economy (and thus markets) hit a bump. Traders and investors became increasingly convinced that for as long as Greenspan remained chairmen of the Fed, the Fed would come to the rescu ...
... From the late 1980s, the Fed, under chairman Allan Greenspan, had the tendency to lower interest rates every time the economy (and thus markets) hit a bump. Traders and investors became increasingly convinced that for as long as Greenspan remained chairmen of the Fed, the Fed would come to the rescu ...
Q1 - 2017 Commentary - The Canadian ETF Association
... 2016, ETF net flows worldwide surged to a record high of $387.0 billion, pushing ETF AUM globally to a new high-water mark, reaching $3.52 trillion as of year-end 2016. Research conducted by Strategic Insight suggests ETFs are expected to be adopted more broadly among retail investors in the future, ...
... 2016, ETF net flows worldwide surged to a record high of $387.0 billion, pushing ETF AUM globally to a new high-water mark, reaching $3.52 trillion as of year-end 2016. Research conducted by Strategic Insight suggests ETFs are expected to be adopted more broadly among retail investors in the future, ...
Macroprudential Regulation and Macroeconomic Activity
... at a later stage but for now, this assumption is important for the capital constraint to have force. This assumption makes sense because it can be prohibitively expensive to issue new equity especially when the economy is experiencing a downturn. The non financial firms sector is divided into two pa ...
... at a later stage but for now, this assumption is important for the capital constraint to have force. This assumption makes sense because it can be prohibitively expensive to issue new equity especially when the economy is experiencing a downturn. The non financial firms sector is divided into two pa ...
What Makes a Good ʽBad Bankʼ? The Irish, Spanish and German
... owners are the banks themselves, it raises some issues because ultimately, the risk of losses on the impaired assets is still with the banks. The operational division line with the ‘main’ bank can be defined in different ways, but the balance sheet remains consolidated. Private AMCs can also benefit ...
... owners are the banks themselves, it raises some issues because ultimately, the risk of losses on the impaired assets is still with the banks. The operational division line with the ‘main’ bank can be defined in different ways, but the balance sheet remains consolidated. Private AMCs can also benefit ...
NBER WORKING PAPER SERIES Randall Morck M. Deniz Yavuz
... with it. For example, money growth might correlate with fiscal expansion. If fiscal measures, such as infrastructure construction, disproportionately flowed through nonfinancial state-owned enterprise or politically connected firms, which disproportionately borrowed from state-run banks, our results ...
... with it. For example, money growth might correlate with fiscal expansion. If fiscal measures, such as infrastructure construction, disproportionately flowed through nonfinancial state-owned enterprise or politically connected firms, which disproportionately borrowed from state-run banks, our results ...
Money In Modern Macro Models: A Review of the Arguments
... for financial market participants’ risk appetite. Importantly, as Adalid and Detken (2007) conclude, the empirically convincing indicator properties of money for the build-up of financial imbalances are usually not only found for narrow, but for broad monetary aggregates as well. Moreover, this conc ...
... for financial market participants’ risk appetite. Importantly, as Adalid and Detken (2007) conclude, the empirically convincing indicator properties of money for the build-up of financial imbalances are usually not only found for narrow, but for broad monetary aggregates as well. Moreover, this conc ...
More of the same? In Focus: Markets as we see them
... For the moment, central bank ownership and historic precedent suggest to us that the bond market will remain more or less orderly, even with the return of more inflation. However, this is certainly a risk worth keeping an eye on. ...
... For the moment, central bank ownership and historic precedent suggest to us that the bond market will remain more or less orderly, even with the return of more inflation. However, this is certainly a risk worth keeping an eye on. ...
MONTHLY ECONOMIC REVIEW BANK OF TANZANIA March 2017
... attributable to an increased risk premium following a rise in non-performing loans in the ...
... attributable to an increased risk premium following a rise in non-performing loans in the ...
Monetary Policy - Central Bank of Nigeria
... ability of the deposit money banks to grant further credit. The primary objective of monetary policy is the realization of stable non-inflationary growth. This gives the citizens confidence in the future value of their money, so that they can make sound economic and financial decisions. Low and stab ...
... ability of the deposit money banks to grant further credit. The primary objective of monetary policy is the realization of stable non-inflationary growth. This gives the citizens confidence in the future value of their money, so that they can make sound economic and financial decisions. Low and stab ...
Markets Overview
... compounding the impact on the USD after the US Fed FOMC decision stayed largely neutral on Thur morning. With most Asian markets closed next Mon for Labour Day holiday, trading is likely to thin out comparatively today and could keep a lid on the USD especially after the underwhelming US 1Q GDP repo ...
... compounding the impact on the USD after the US Fed FOMC decision stayed largely neutral on Thur morning. With most Asian markets closed next Mon for Labour Day holiday, trading is likely to thin out comparatively today and could keep a lid on the USD especially after the underwhelming US 1Q GDP repo ...
The Effect of Market Power on Stability and Performance of Islamic
... (1996), for instance, analyses the determinants of profitability for Islamic banks, and finds that competition is positively associated with profitability. Using data for eight Middle Eastern countries over 1993-1998, Bashir (2003) examines the determinants of profitability in Islamic banks. He find ...
... (1996), for instance, analyses the determinants of profitability for Islamic banks, and finds that competition is positively associated with profitability. Using data for eight Middle Eastern countries over 1993-1998, Bashir (2003) examines the determinants of profitability in Islamic banks. He find ...
chapter 12—special industries: banks, utilities, oil and gas
... 33. Real estate companies contend that conventional accounting, recognizing depreciation but not the underlying value of the property, misleads investors. ANS: T 34. A review of the disclosure of allowance for loan losses for a bank may indicate significant losses charged. ANS: T 35. Electric utilit ...
... 33. Real estate companies contend that conventional accounting, recognizing depreciation but not the underlying value of the property, misleads investors. ANS: T 34. A review of the disclosure of allowance for loan losses for a bank may indicate significant losses charged. ANS: T 35. Electric utilit ...
Low for long? Causes and consequences of persistently low interest
... While the downward trend in rates has been pretty remorseless since the late 1990s, it would be unwise simply to assume that the trend will be maintained. Indeed in many countries, nominal interest rates are already close to their lower bound – in some cases, they are already mildly negative – so fu ...
... While the downward trend in rates has been pretty remorseless since the late 1990s, it would be unwise simply to assume that the trend will be maintained. Indeed in many countries, nominal interest rates are already close to their lower bound – in some cases, they are already mildly negative – so fu ...
romewp2013-01 - Research on Money in the Economy” ROME
... a clear distinction between different types of money. The most fundamental one is that between inside and outside-money (see, e.g., Lagos, 2006). Of course, the liquidity provision of a central bank to its counterparties – conducted via so-called outside money – does not necessarily affect consumer ...
... a clear distinction between different types of money. The most fundamental one is that between inside and outside-money (see, e.g., Lagos, 2006). Of course, the liquidity provision of a central bank to its counterparties – conducted via so-called outside money – does not necessarily affect consumer ...
US Quantitative Easing and the Global Monetary Policymaking
... started in late November 2008 when the Federal Reserve decided to buy USD 600 billion in mortgage-backed securities (MBS); QE2 began in November 2010 with the Federal Reserve buying USD 600 billion of treasury securities; and QE3 began in June 2012 with the Fed buying on a monthly basis USD40 billio ...
... started in late November 2008 when the Federal Reserve decided to buy USD 600 billion in mortgage-backed securities (MBS); QE2 began in November 2010 with the Federal Reserve buying USD 600 billion of treasury securities; and QE3 began in June 2012 with the Fed buying on a monthly basis USD40 billio ...
chapter-iv - Shodhganga
... since 1980, but the assets of these banks have gone upto 20% in 2007. The total banking assets constitute more than 92% of GDP at the end of March 2008, and the commercial banking assets constitute more than 95% of total banking assets. Even though the number of foreign banks have gone up significan ...
... since 1980, but the assets of these banks have gone upto 20% in 2007. The total banking assets constitute more than 92% of GDP at the end of March 2008, and the commercial banking assets constitute more than 95% of total banking assets. Even though the number of foreign banks have gone up significan ...
Contents
... rather than waiting until inflation had already escalated. The Bank’s foresight was not perfect; inflation did rise above the top of our target range. But the fact remains that, for the first time in a generation, New Zealand has managed to have a sustained period of economic expansion without a maj ...
... rather than waiting until inflation had already escalated. The Bank’s foresight was not perfect; inflation did rise above the top of our target range. But the fact remains that, for the first time in a generation, New Zealand has managed to have a sustained period of economic expansion without a maj ...
85th Annual Report - Bank for International Settlements
... Easier monetary policies support asset prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signs of increased financial risk-taking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increasing duration and credit risk for EME corporate bond investors . . . ...
... Easier monetary policies support asset prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signs of increased financial risk-taking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increasing duration and credit risk for EME corporate bond investors . . . ...
Evidence from the Classical Gold Standard
... capital. As a matter of practice the banks often held significant money at call in New York, which they looked on as ‘secondary reserves’. In the US, the National banking system established in 1864 mandated that bank notes be (111%) secured by Federal government bonds and created a tiering of reserv ...
... capital. As a matter of practice the banks often held significant money at call in New York, which they looked on as ‘secondary reserves’. In the US, the National banking system established in 1864 mandated that bank notes be (111%) secured by Federal government bonds and created a tiering of reserv ...
Gross or Net International Financial Flows
... It has been argued by many analysts, including Chairman Ben Bernanke of the Federal Reserve, that the global external imbalances, which have been a feature of the world economy for more than a decade, are an important, causal factor underlying the global financial crisis of the past two years.1 The ...
... It has been argued by many analysts, including Chairman Ben Bernanke of the Federal Reserve, that the global external imbalances, which have been a feature of the world economy for more than a decade, are an important, causal factor underlying the global financial crisis of the past two years.1 The ...
Sectoral Analysis
... curve derived from the flat money demand curve along with the vertical money supply curve is quite flat, too. You may recall that the flatter the LM, the smaller the Crowdingout. Fiscal policies are quite effective. In this case monetary policies are not so effective. These conclusions are in line w ...
... curve derived from the flat money demand curve along with the vertical money supply curve is quite flat, too. You may recall that the flatter the LM, the smaller the Crowdingout. Fiscal policies are quite effective. In this case monetary policies are not so effective. These conclusions are in line w ...
The Demand for International Reserves and Monetary
... was believed that under flexible exchange rate system countries will need to keep less stock of international reserves, since central banks were not obligated to defend their parities through frequent interventions. Therefore, under flexible regime the demand for international reserves holding shoul ...
... was believed that under flexible exchange rate system countries will need to keep less stock of international reserves, since central banks were not obligated to defend their parities through frequent interventions. Therefore, under flexible regime the demand for international reserves holding shoul ...
The “Mystery of the Printing Press” Monetary Policy and Self
... a su¢ cient scale to e¤ectively backstop government debt. On the other hand, even if a backstop rules out belief-driven crises, large-scale purchases of government debt may foreshadow large losses on the central bank balance sheet, forcing monetary authorities to run suboptimal in‡ation policies. To ...
... a su¢ cient scale to e¤ectively backstop government debt. On the other hand, even if a backstop rules out belief-driven crises, large-scale purchases of government debt may foreshadow large losses on the central bank balance sheet, forcing monetary authorities to run suboptimal in‡ation policies. To ...
Topic_05_Determination_of_Interest_Rate
... supply perspective. Keep in mind that these forces act differently in different bond markets. That is, current supply/demand conditions in the corporate bond market are not necessarily the same as, say, in the mortgage market. However, because rates tend to move together, we will proceed as if there ...
... supply perspective. Keep in mind that these forces act differently in different bond markets. That is, current supply/demand conditions in the corporate bond market are not necessarily the same as, say, in the mortgage market. However, because rates tend to move together, we will proceed as if there ...
II -Macro Eco - University of Mumbai
... earning abroad, GNP is less than GDP 1.4.1 Net National Product :This is a very important concept of national income. In the production of gross national product, during a year, some capital is used up or consumed i.e. equipment, machinery etc. the capital goods wear out or undergo depreciation. Cap ...
... earning abroad, GNP is less than GDP 1.4.1 Net National Product :This is a very important concept of national income. In the production of gross national product, during a year, some capital is used up or consumed i.e. equipment, machinery etc. the capital goods wear out or undergo depreciation. Cap ...