Monetary Policy Statement June 2015
... New Zealand dollar to an unsustainably high level, further suppressing inflation. Annual non-tradables inflation is currently 2.3 percent and has been steady despite GDP growth averaging 2.7 percent over the past three years. Strong growth in the economy’s supply potential has been an important fact ...
... New Zealand dollar to an unsustainably high level, further suppressing inflation. Annual non-tradables inflation is currently 2.3 percent and has been steady despite GDP growth averaging 2.7 percent over the past three years. Strong growth in the economy’s supply potential has been an important fact ...
Covered Bonds-Are they the future?
... Bank of America and Washington Mutual; they were the only U.S. issuers in 2008. On July 15, 2008, the FDIC issued its final policy statement on the treatment of “covered bonds” in the event of a bank failure: http://www.fdic.gov/news/news/press/2008/pr08060a.html In July 2008, the Treasury iss ...
... Bank of America and Washington Mutual; they were the only U.S. issuers in 2008. On July 15, 2008, the FDIC issued its final policy statement on the treatment of “covered bonds” in the event of a bank failure: http://www.fdic.gov/news/news/press/2008/pr08060a.html In July 2008, the Treasury iss ...
Lesson 16 - Mr. Wilson
... Although not all companies need to utilize the services of an investment bank, an investment bank can make the process of raising capital much easier. Investment banks can help a company raise capital through equity financing. With equity financing, money is raised by selling stock, or a share of ow ...
... Although not all companies need to utilize the services of an investment bank, an investment bank can make the process of raising capital much easier. Investment banks can help a company raise capital through equity financing. With equity financing, money is raised by selling stock, or a share of ow ...
New Perspectives on Political Economy Independence and
... our one reserve system of banking was not deliberately founded upon definite reasons; it was the gradual consequence of many singular events, and of an accumulation of legal privileges on a single bank which has now been altered, and which no one would now defend.” To put it in a different way, a ce ...
... our one reserve system of banking was not deliberately founded upon definite reasons; it was the gradual consequence of many singular events, and of an accumulation of legal privileges on a single bank which has now been altered, and which no one would now defend.” To put it in a different way, a ce ...
D L A C
... is the main source of economic instability, even when the policy is well-intentioned. Brunner (1985:12) states the monetarist position concisely: “Discretionary management ultimately fails to deliver, even with the best intentions, on its promise.” The monetarists believe that problems with lags and ...
... is the main source of economic instability, even when the policy is well-intentioned. Brunner (1985:12) states the monetarist position concisely: “Discretionary management ultimately fails to deliver, even with the best intentions, on its promise.” The monetarists believe that problems with lags and ...
CHALLENGING MERCANTILISM: THE IMPACT OF DAVID HUME ON THE EVOLUTION OF A
... (Smith, 1776). However, this paper will examine the work of another original detractor from mercantilist thinking, David Hume. A philosopher and historian first and foremost, Hume was also an eminent economist. This paper will argue that through his analysis of the influence of money on inflation an ...
... (Smith, 1776). However, this paper will examine the work of another original detractor from mercantilist thinking, David Hume. A philosopher and historian first and foremost, Hume was also an eminent economist. This paper will argue that through his analysis of the influence of money on inflation an ...
G97/1 A measure of monetary conditions Richard Dennis
... and the weights applied to each variable. The Bank of Canada use weights of three on the interest rate and one on the exchange rate - thus their MCI ratio is 3:1 - indicating that the effect on demand pressure of a one percentage point interest rate increase can be offset by a three percent deprecia ...
... and the weights applied to each variable. The Bank of Canada use weights of three on the interest rate and one on the exchange rate - thus their MCI ratio is 3:1 - indicating that the effect on demand pressure of a one percentage point interest rate increase can be offset by a three percent deprecia ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... Two of the papers focus on monetary history. In one, I assess the role of A Monetary History as a progenitor of research on this topic. My paper critically surveys the literature on three major themes in the book: monetary disturbances; the domestic monetary framework and monetary policy; and moneta ...
... Two of the papers focus on monetary history. In one, I assess the role of A Monetary History as a progenitor of research on this topic. My paper critically surveys the literature on three major themes in the book: monetary disturbances; the domestic monetary framework and monetary policy; and moneta ...
Chapter 14
... The real upper limit is 100 percent of GDP. No one knows what the political upper limit is, but it is likely to be substantially less than 100 percent of GDP. In either case, once government purchases reach their limit, they can no longer increase. 2. Some economists argue that government purchases ...
... The real upper limit is 100 percent of GDP. No one knows what the political upper limit is, but it is likely to be substantially less than 100 percent of GDP. In either case, once government purchases reach their limit, they can no longer increase. 2. Some economists argue that government purchases ...
Liquidity Traps and Monetary Policy: Managing a Credit Crunch
... evolution of output critically depends on this too. As we mentioned above, the interaction between the inflation target and the zero bound on nominal interest rates is the key to understanding the mechanism. Imagine, as before, that the target for inflation is zero. Thus, the Fisher equation plus th ...
... evolution of output critically depends on this too. As we mentioned above, the interaction between the inflation target and the zero bound on nominal interest rates is the key to understanding the mechanism. Imagine, as before, that the target for inflation is zero. Thus, the Fisher equation plus th ...
Principles of Economics, Case and Fair,9e
... The buying and selling of government securities by the Central Bank has two effects at the same time: It changes the money supply, and it changes the interest rate. How much the interest rate changes depends on the shape of the money demand curve. The steeper the money demand curve, the larger the c ...
... The buying and selling of government securities by the Central Bank has two effects at the same time: It changes the money supply, and it changes the interest rate. How much the interest rate changes depends on the shape of the money demand curve. The steeper the money demand curve, the larger the c ...
TypeA - Department Of Economics
... an advance in the technology of tire production. As a result of these two events, the demand for tires (a) decreases, and the supply of tires increases. (b) is unaffected, and the supply of tires decreases. (c) is unaffected, and the supply of tires increases. (d) None of the above is necessarily co ...
... an advance in the technology of tire production. As a result of these two events, the demand for tires (a) decreases, and the supply of tires increases. (b) is unaffected, and the supply of tires decreases. (c) is unaffected, and the supply of tires increases. (d) None of the above is necessarily co ...
FIN507 Bank Management Solutions to Recommended Problems
... China is a huge market and entering into the Chinese market now may give this bank an advantage over other banks. They will already have the necessary contacts and understanding of the Chinese system when it becomes a more open economy in the future. However, there is considerable risk. It could be ...
... China is a huge market and entering into the Chinese market now may give this bank an advantage over other banks. They will already have the necessary contacts and understanding of the Chinese system when it becomes a more open economy in the future. However, there is considerable risk. It could be ...
MB-Ch.19
... that not only do people care about the expected return on asset versus another when they decide what to hold in their portfolio, but they also care about the riskiness of the returns from each asset. • Tobin assumed that most people are risk averse that they would be willing to hold on asset with a ...
... that not only do people care about the expected return on asset versus another when they decide what to hold in their portfolio, but they also care about the riskiness of the returns from each asset. • Tobin assumed that most people are risk averse that they would be willing to hold on asset with a ...
Inflation - Bannerman High School
... Before 1990, the UK had a poor inflation record compared with the other main industrialised countries. However, since the mid -1990s prices in the UK have been much more stable. ...
... Before 1990, the UK had a poor inflation record compared with the other main industrialised countries. However, since the mid -1990s prices in the UK have been much more stable. ...
NBER WORKING PAPER SERIES CROSS-BORDER BANKING Jonathan Eaton Working Paper No. 4686
... provided by banks in the Eurodollar market. The banks offering these deposits and loans may be foreign or domestically-owned, and activity might be subject to the same regulations regardless of the currency of denomination. If the banks subject to the same regulations may offer loans and deposits in ...
... provided by banks in the Eurodollar market. The banks offering these deposits and loans may be foreign or domestically-owned, and activity might be subject to the same regulations regardless of the currency of denomination. If the banks subject to the same regulations may offer loans and deposits in ...
Did the Commercial Funding Paper Facility Prevent a Great
... The other measure of security-funded credit, CPBLMIX¸ is the ratio of domestic issued commercial paper to itself plus bank loans (Figure 2). The numerator includes commercial paper issued by financial corporations to track asset-backed commercial paper that largely funded loans to nonfinancial corpo ...
... The other measure of security-funded credit, CPBLMIX¸ is the ratio of domestic issued commercial paper to itself plus bank loans (Figure 2). The numerator includes commercial paper issued by financial corporations to track asset-backed commercial paper that largely funded loans to nonfinancial corpo ...
New Monetary Policy and Keynes
... steps in place the central bank should take; this may include publishing an explanation, or submitting a letter to the government explaining the reasons for missing the target and how to return to target. Given these attributes, two types of IT central banks can be identified: the explicit type, and ...
... steps in place the central bank should take; this may include publishing an explanation, or submitting a letter to the government explaining the reasons for missing the target and how to return to target. Given these attributes, two types of IT central banks can be identified: the explicit type, and ...
Influence of Interest Rates Determinants on the Performance of
... increases the amount available in form of reserves thereby enhancing or increasing the amount money supply in the economy. Consequently this leads to a decrease in the interest rates thereby encouraging the public to borrow more and the level of money supply going up. However, an increase in the dis ...
... increases the amount available in form of reserves thereby enhancing or increasing the amount money supply in the economy. Consequently this leads to a decrease in the interest rates thereby encouraging the public to borrow more and the level of money supply going up. However, an increase in the dis ...
Eric Helleiner, The Southern Side of Embedded
... Federal Reserve officials also insisted that central banks be equipped with strong powers to promote the development of their national economies.6 Central banks set up with Kemmerer’s advice had usually been expected to influence the money supply through mechanisms such as discount rate changes and ...
... Federal Reserve officials also insisted that central banks be equipped with strong powers to promote the development of their national economies.6 Central banks set up with Kemmerer’s advice had usually been expected to influence the money supply through mechanisms such as discount rate changes and ...
Comments to NAIC on Securities Listed by the Securities Valuation
... shortfall due to financial difficulties. Since payments by the reinsurer normally are scheduled over many years, it is unlikely that the full collateral will be needed at one time to cover a reinsurer’s current contractual obligations or that a shortfall of the full amount will occur due to financia ...
... shortfall due to financial difficulties. Since payments by the reinsurer normally are scheduled over many years, it is unlikely that the full collateral will be needed at one time to cover a reinsurer’s current contractual obligations or that a shortfall of the full amount will occur due to financia ...
Banking and the Endogenous Money Supply as viewed from a
... exogenous, fiscal monetary expansions arising from government deficits must be absorbed: government may increase its fraction of deposits at CB, the latter may increase the legal rate of reserve requirements, and bills and bonds must be issued. Otherwise r↓, GIR↓, xr↑. ...
... exogenous, fiscal monetary expansions arising from government deficits must be absorbed: government may increase its fraction of deposits at CB, the latter may increase the legal rate of reserve requirements, and bills and bonds must be issued. Otherwise r↓, GIR↓, xr↑. ...
Chronic Deflation in Japan - Faculty of Business and Economics
... the Japanese financial crisis and the Asian currency crisis in the latter half of the 1990s; the collapse of the US dotcom bubble in the early 2000s; and the global financial crisis in the latter half of the 2000s. Instead of sighing over these “unlucky” events, however, researchers are trying to un ...
... the Japanese financial crisis and the Asian currency crisis in the latter half of the 1990s; the collapse of the US dotcom bubble in the early 2000s; and the global financial crisis in the latter half of the 2000s. Instead of sighing over these “unlucky” events, however, researchers are trying to un ...
Measuring the Stance of Monetary Policy on and off the Zero Lower
... I. Measuring the Stance of Monetary Policy during the ZLB Period The federal funds rate has been the primary tool of monetary policy since the early 1980s. As such, researchers typically use the effective federal funds rate to identify the stance of policy and estimate how policymakers change the s ...
... I. Measuring the Stance of Monetary Policy during the ZLB Period The federal funds rate has been the primary tool of monetary policy since the early 1980s. As such, researchers typically use the effective federal funds rate to identify the stance of policy and estimate how policymakers change the s ...