This PDF is a selection from a published volume from... National Bureau of Economic Research
... (e.g., poor developing vs. emerging-market economies); differences in the methodologies that are employed; and, perhaps most important, how other factors influencing output growth are taken into account. One area that has not been sufficiently addressed in previous work is the role of severe currency o ...
... (e.g., poor developing vs. emerging-market economies); differences in the methodologies that are employed; and, perhaps most important, how other factors influencing output growth are taken into account. One area that has not been sufficiently addressed in previous work is the role of severe currency o ...
Chapter 2 Securities Markets and Transactions
... year are bought and sold. Investors use money markets for short term borrowing and lending. • Investors turn to the capital markets to buy and sell long term securities with maturities of more than one year such as stocks and bonds. ...
... year are bought and sold. Investors use money markets for short term borrowing and lending. • Investors turn to the capital markets to buy and sell long term securities with maturities of more than one year such as stocks and bonds. ...
Medium Term Debt Management Strategy (2015/16
... private sector involvement, limiting itself within the broader limits imposed by the available resources and broadening the base of resource mobilization for running the government. It also accorded high priority to resolve energy crisis, up-gradation of infrastructure base, building up foreign exch ...
... private sector involvement, limiting itself within the broader limits imposed by the available resources and broadening the base of resource mobilization for running the government. It also accorded high priority to resolve energy crisis, up-gradation of infrastructure base, building up foreign exch ...
- users.monash.edu.au
... the $US. One limitation of the data for our purposes is that the prices collected may not be the same as those paid by tourists- thus the price of accommodation to tourists (who may use higher quality accommodation than local residents) may not be accurately captured by the ICP data. This could be m ...
... the $US. One limitation of the data for our purposes is that the prices collected may not be the same as those paid by tourists- thus the price of accommodation to tourists (who may use higher quality accommodation than local residents) may not be accurately captured by the ICP data. This could be m ...
5
... 2.1 Basic Concepts: The concept of ’exchange rate’ seems to be relevant wheneve~ two situations with differentia! price levels are considered. Even if the same currency unit is used in the two situations, very common in inter-temporal comparisons and inter-regional comparisons within a country, the ...
... 2.1 Basic Concepts: The concept of ’exchange rate’ seems to be relevant wheneve~ two situations with differentia! price levels are considered. Even if the same currency unit is used in the two situations, very common in inter-temporal comparisons and inter-regional comparisons within a country, the ...
Unrestrained Credit In A Credit Economy, The Credit Cycle, And Fiat
... 1995]. In addition, the cost of the consumer loans are exorbitant. In reality, the economic condition is aggravated by the interest rate policy. With each dose of the administered interest rate policy, the cycle is repeated. The interest-rate medicine produces more instances of temporary price stabi ...
... 1995]. In addition, the cost of the consumer loans are exorbitant. In reality, the economic condition is aggravated by the interest rate policy. With each dose of the administered interest rate policy, the cycle is repeated. The interest-rate medicine produces more instances of temporary price stabi ...
Independent Review of the Operation of Monetary Policy in New Zealand:
... review, I have read the wide range of submissions provided to me and have met with a number of submitters and other interested parties. I visited New Zealand for two weeks in November 2000 in order to observe the operations of the Reserve Bank …rst hand and collect material for the review. I have al ...
... review, I have read the wide range of submissions provided to me and have met with a number of submitters and other interested parties. I visited New Zealand for two weeks in November 2000 in order to observe the operations of the Reserve Bank …rst hand and collect material for the review. I have al ...
Kiel Paper Bordo Helbling NBER version final
... over the past century and a quarter, demarcated into four exchange rate regimes. We find using three different methodologies that there is a secular trend towards increased synchronization for much of the twentieth century and that it occurs across diverse exchange rate regimes. This finding is in m ...
... over the past century and a quarter, demarcated into four exchange rate regimes. We find using three different methodologies that there is a secular trend towards increased synchronization for much of the twentieth century and that it occurs across diverse exchange rate regimes. This finding is in m ...
NBER WORKING PAPER SERIES INFLATION STABILIZATION WITH INCOMES POLICY SUPPORT:
... significant expansion in the nominal quantity of money. The combination of fiscal correction and incomes policy has come to be known as "heterodox" stabilization policy, thus opposing it to the conventional IMF programs which emphasize tight monetary and fiscal policies as the exclusive instrument o ...
... significant expansion in the nominal quantity of money. The combination of fiscal correction and incomes policy has come to be known as "heterodox" stabilization policy, thus opposing it to the conventional IMF programs which emphasize tight monetary and fiscal policies as the exclusive instrument o ...
Word - corporate
... of EMPLICITI (elotuzumab) for the treatment of MM as a combination therapy with REVLIMID (lenalidomide) and dexamethasone in adult patients who have received at least one prior therapy. This makes EMPLICITI the first and only immunostimulatory antibody available in the EU for patients with MM. EMPLI ...
... of EMPLICITI (elotuzumab) for the treatment of MM as a combination therapy with REVLIMID (lenalidomide) and dexamethasone in adult patients who have received at least one prior therapy. This makes EMPLICITI the first and only immunostimulatory antibody available in the EU for patients with MM. EMPLI ...
Lecture Note on the Gold Standard
... The domestic money supply rises, and the same adjustment as before, takes place. The systems works pretty much like it does with coin. Gold flows cause relative prices to change in Britain and France in a manner that reverses the gold flow. Notice that because gold flows offset trade imbalances throu ...
... The domestic money supply rises, and the same adjustment as before, takes place. The systems works pretty much like it does with coin. Gold flows cause relative prices to change in Britain and France in a manner that reverses the gold flow. Notice that because gold flows offset trade imbalances throu ...
ESMA Public Statement
... Finally, ESMA highlights the requirements in paragraphs 40 and 41 of IFRS 7 Financial Instruments: Disclosures in relation to market risk and expects that entities with financial instruments exposed to interest rate risks provide relevant disclosures regarding the sensitivity analysis. Exposure to h ...
... Finally, ESMA highlights the requirements in paragraphs 40 and 41 of IFRS 7 Financial Instruments: Disclosures in relation to market risk and expects that entities with financial instruments exposed to interest rate risks provide relevant disclosures regarding the sensitivity analysis. Exposure to h ...
... rapidly, debt problems in the euro area intensified further, thereby changing the baseline scenario. The Monetary Policy Committee (MPC) held an interim meeting on August 4, 2011 to contain the potential adverse effects of these developments on financial stability and economic activity, and announce ...
Policy Analysis with the MSG2 Model
... Human wealth would fall by the amount of extra bonds in the agents portfolio. ...
... Human wealth would fall by the amount of extra bonds in the agents portfolio. ...
PDF
... seasonality. Chen et al. (2010) found that exchange rates are very useful in forecasting future commodity prices but not vice versa. They also found positive relationship between exchange rate and international commodity prices. More recent studies consider a time period when China had already devel ...
... seasonality. Chen et al. (2010) found that exchange rates are very useful in forecasting future commodity prices but not vice versa. They also found positive relationship between exchange rate and international commodity prices. More recent studies consider a time period when China had already devel ...
OPTIMAL TRANSACTION FILTERS UNDER TRANSITORY
... Starting with Alexander (1961) and Fama and Blume (1966), trading rules often involve a “filter” that prompts one to trade only if a realization exceeds a benchmark by a certain percentage. For instance in foreign exchange trading an x percent filter might stipulate that a currency be purchased if i ...
... Starting with Alexander (1961) and Fama and Blume (1966), trading rules often involve a “filter” that prompts one to trade only if a realization exceeds a benchmark by a certain percentage. For instance in foreign exchange trading an x percent filter might stipulate that a currency be purchased if i ...
Global Strategy Q3 2016
... majority in both chambers of Congress, the increase in government debt associated with Trump's plans is not uncontroversial among the party's representatives. Tax cuts should be expected though. The inflation rate is set to rise significantly in the first several months of the new year, which is lar ...
... majority in both chambers of Congress, the increase in government debt associated with Trump's plans is not uncontroversial among the party's representatives. Tax cuts should be expected though. The inflation rate is set to rise significantly in the first several months of the new year, which is lar ...
Medium Term Debt Management Strategy
... management operations to smooth the refinancing profile, along with efforts to maintain a wider investor base have been instrumental in mitigating potential fiscal shocks, such as, impact of drought on food security, realization of contingent liabilities, or shortfall in revenues, the country contin ...
... management operations to smooth the refinancing profile, along with efforts to maintain a wider investor base have been instrumental in mitigating potential fiscal shocks, such as, impact of drought on food security, realization of contingent liabilities, or shortfall in revenues, the country contin ...
This PDF is a selection from a published volume from
... To appreciate the importance of our findings for policy analysis, consider the recent debate on the adjustment process associated with an hypothetical reversal of the current U.S. account. In a series of papers, Obstfeld and Rogoff (2004,2005) argue that a drastic correction of the U.S. external bal ...
... To appreciate the importance of our findings for policy analysis, consider the recent debate on the adjustment process associated with an hypothetical reversal of the current U.S. account. In a series of papers, Obstfeld and Rogoff (2004,2005) argue that a drastic correction of the U.S. external bal ...
NBER WORKING PAPER SERIES VARIETIES OF CURRENCY CRISES Graciela L. Kaminsky
... but the deterioration of the current account is at the core of crises before financial liberalization. Naturally, if these non- linearities are known, they can be controlled using interactive terms. Yet, such knowledge is the exception rather than the rule. Another source of non- linearities impossi ...
... but the deterioration of the current account is at the core of crises before financial liberalization. Naturally, if these non- linearities are known, they can be controlled using interactive terms. Yet, such knowledge is the exception rather than the rule. Another source of non- linearities impossi ...
Arbitrage in the foreign exchange market
... cornerstone riskless no-arbitrage condition in the FX market. The LOP for lending and borrowing services requires that the domestic lending (borrowing) interest rate should be the same as the foreign lending (borrowing) interest rate when the latter is adjusted to fully hedge for exchange rate risk. ...
... cornerstone riskless no-arbitrage condition in the FX market. The LOP for lending and borrowing services requires that the domestic lending (borrowing) interest rate should be the same as the foreign lending (borrowing) interest rate when the latter is adjusted to fully hedge for exchange rate risk. ...
Understanding Spanish Financial crises, 1850-2000
... How can current account imbalances generate financial instability? Firstly, a current account deficit could reflect a problem of competitiveness in the economy. Secondly, it could show that the country is “over indebted”, in the sense that consumption and investment are beyond the national savings. ...
... How can current account imbalances generate financial instability? Firstly, a current account deficit could reflect a problem of competitiveness in the economy. Secondly, it could show that the country is “over indebted”, in the sense that consumption and investment are beyond the national savings. ...
CD1. European Economy. Basic editions. 44/1990. One market, one
... between policy analysis and policy implementation. In 'The economics of 1992', published in European Economy in March 1988, the Commission presented its economic analysis underlying the Cecchini Report on the potential gains from completing the internal market. That study helped the Commission clari ...
... between policy analysis and policy implementation. In 'The economics of 1992', published in European Economy in March 1988, the Commission presented its economic analysis underlying the Cecchini Report on the potential gains from completing the internal market. That study helped the Commission clari ...
The unremunerated reserve requirement and net capital flows: Chile
... integration and, like any other measure of this type, it had both benefits and costs. The controversy surrounding the URR has generated a wide-ranging literature, including empirical works that have attempted to measure its effects. The URR defence has been based on its macroeconomic-policy effects, ...
... integration and, like any other measure of this type, it had both benefits and costs. The controversy surrounding the URR has generated a wide-ranging literature, including empirical works that have attempted to measure its effects. The URR defence has been based on its macroeconomic-policy effects, ...
The Current Account and Macroeconomic Adjustment in the 1970s
... current account deficits and oil import dependence in cross-country data, these connections tend to hold only in the short run, and they disappear a few years after the 1973 oil price increase. Moreover, differences in investment activity among countries are found to be at least as important as oil ...
... current account deficits and oil import dependence in cross-country data, these connections tend to hold only in the short run, and they disappear a few years after the 1973 oil price increase. Moreover, differences in investment activity among countries are found to be at least as important as oil ...