NBER WORKING PAPER SERIES SMALL COUNTRIES IN MONETARY UNIONS: A TWO-TIER MODEL
... Earlier versions were presented to the RIP Seminar, Boston College and the International Economics Workshop, Harvard University. Comments from participants, especially Richard Cooper, are gratefully acknowledged. The research reported here is part of the NBER's research program in International Stud ...
... Earlier versions were presented to the RIP Seminar, Boston College and the International Economics Workshop, Harvard University. Comments from participants, especially Richard Cooper, are gratefully acknowledged. The research reported here is part of the NBER's research program in International Stud ...
Financial Market in Latvia
... thus reaching the highest level in the history of Latvian banking. The share of demand deposits dropped from 60% to 59%, while time deposits increased by 28% since the end of 2000, and their share rose from 40% to 41%. In the near future, along with macroeconomic developments and low inflation, one ...
... thus reaching the highest level in the history of Latvian banking. The share of demand deposits dropped from 60% to 59%, while time deposits increased by 28% since the end of 2000, and their share rose from 40% to 41%. In the near future, along with macroeconomic developments and low inflation, one ...
How do UK-based foreign exchange dealers think their market
... Two points are worth stressing from these results. First, the large proportions of respondents using jobbing techniques or following customer orders stands in contrast to the general perception that the foreign exchange market is dominated by technical analysis (Taylor and Allen, 1992). Second, fund ...
... Two points are worth stressing from these results. First, the large proportions of respondents using jobbing techniques or following customer orders stands in contrast to the general perception that the foreign exchange market is dominated by technical analysis (Taylor and Allen, 1992). Second, fund ...
5th Edition
... purchases/sales of stock/equity/ownership shares (called capital) of less than 10% of the total. purchases/sales of various types of bonds (a type of credit or debt). purchases/sales of various types of derivative assets and liabilities: assets and liabilities whose values are depend on or are deriv ...
... purchases/sales of stock/equity/ownership shares (called capital) of less than 10% of the total. purchases/sales of various types of bonds (a type of credit or debt). purchases/sales of various types of derivative assets and liabilities: assets and liabilities whose values are depend on or are deriv ...
IRRI-6 Weekly
... The amount of margin payable by members in respect of their outstanding IRRI-6 Rice futures contracts shall be determined by the Exchange. The Exchange will adjust margin requirements as and when volatility in the underlying changes. Margin shall be calculated on a gross basis on all open positions ...
... The amount of margin payable by members in respect of their outstanding IRRI-6 Rice futures contracts shall be determined by the Exchange. The Exchange will adjust margin requirements as and when volatility in the underlying changes. Margin shall be calculated on a gross basis on all open positions ...
Perfect Competition – Economics of Competitive Markets
... duopoly is in the midst of a profit-slashing price war. Premier Inn is selling rooms over the starting at £29 per night, prompted by falling occupancy rates due to the recession. Travelodge has responded in predictable fashion by offering a proportion of its rooms at just £19 per night for the same ...
... duopoly is in the midst of a profit-slashing price war. Premier Inn is selling rooms over the starting at £29 per night, prompted by falling occupancy rates due to the recession. Travelodge has responded in predictable fashion by offering a proportion of its rooms at just £19 per night for the same ...
Historia-COLOMBIA TRADE POLICY-version mar06
... ECLAC (The United Nations Economic Commission for Latin America and the Caribbean) between the fifties and sixties. This view contrasts with previous work of Latin American historiography and has also been questioned more recently by North-American authors (see Coatsworth and Williamson (2002), Clem ...
... ECLAC (The United Nations Economic Commission for Latin America and the Caribbean) between the fifties and sixties. This view contrasts with previous work of Latin American historiography and has also been questioned more recently by North-American authors (see Coatsworth and Williamson (2002), Clem ...
PAPER SERIES
... It is probably true as well that high social conflict, rooted in high income inequality, contributes in many countries to weak political institutions and a rapid turnover of governments. Moreover, governments with a brief expected tenure, representing particular constituencies, may find it attractiv ...
... It is probably true as well that high social conflict, rooted in high income inequality, contributes in many countries to weak political institutions and a rapid turnover of governments. Moreover, governments with a brief expected tenure, representing particular constituencies, may find it attractiv ...
New Appleseed Guide Helps Banks Provide Fair
... AUSTIN, TX – Texas Appleseed, part of a network of public interest justice centers in the U.S. and Mexico, joined the national office of Appleseed today in releasing a first-of-its kind guide to assist banks and other financial institutions in better serving the growing remittance market. Immigrants ...
... AUSTIN, TX – Texas Appleseed, part of a network of public interest justice centers in the U.S. and Mexico, joined the national office of Appleseed today in releasing a first-of-its kind guide to assist banks and other financial institutions in better serving the growing remittance market. Immigrants ...
The Political Economy of Exchange Rate Policy in the Caribbean
... earnings. Tourism was just gathering pace, and as yet there was only a little manufacturing. Most countries mainly exported sugar and other agricultural products. GDP per capita for the English-speaking Caribbean ranged from under US$100 for the countries that now constitute the OECS to about US$65 ...
... earnings. Tourism was just gathering pace, and as yet there was only a little manufacturing. Most countries mainly exported sugar and other agricultural products. GDP per capita for the English-speaking Caribbean ranged from under US$100 for the countries that now constitute the OECS to about US$65 ...
Russia and the Global Financial Crisis
... To be sure, in 2009, Russia faces some of the same difficulties as other countries (including the United States and Europe) in the face of the global economic downturn: a credit crunch, rising deficit, a failing banking sector, growing unemployment, plummeting GDP, and a devaluing currency. In other ...
... To be sure, in 2009, Russia faces some of the same difficulties as other countries (including the United States and Europe) in the face of the global economic downturn: a credit crunch, rising deficit, a failing banking sector, growing unemployment, plummeting GDP, and a devaluing currency. In other ...
International Coordination, J. Frankel, Harvard and the NBER Overview
... link with the center economies. Aizenman, Chinn & Ito, 2015. 4. Quality of institutions matters: Countries that constrain balance sheet exposure keep benefiting from ex. rate flexibility. Capital controls may reduce exchange market pressures, but the size of this impact is highly dependent on the in ...
... link with the center economies. Aizenman, Chinn & Ito, 2015. 4. Quality of institutions matters: Countries that constrain balance sheet exposure keep benefiting from ex. rate flexibility. Capital controls may reduce exchange market pressures, but the size of this impact is highly dependent on the in ...
Diapositiva 1
... interested in denying issues or postponing their treatment A unique leader institution in charge of macroprudential supervision may be kept under the influence of few jurisdictions A web of international organization in charge of diverse issues may be better protected from those influences: ...
... interested in denying issues or postponing their treatment A unique leader institution in charge of macroprudential supervision may be kept under the influence of few jurisdictions A web of international organization in charge of diverse issues may be better protected from those influences: ...
Should We Worry about Deflation? Prevention and
... currency, open market purchases of government securities and monetary financing of government deficits caused by expansionary tax cuts, increases in transfers or higher public spending on goods and services. Base money-financed tax cuts or transfer payments – the mundane version of Friedman’s helico ...
... currency, open market purchases of government securities and monetary financing of government deficits caused by expansionary tax cuts, increases in transfers or higher public spending on goods and services. Base money-financed tax cuts or transfer payments – the mundane version of Friedman’s helico ...
(ΔY) +
... Under fixed exchange rate system, devaluation is allowed only within narrow limits and adjustment must come from elsewhere. Deficit tends to reduce the nation’s money supply, (monetary adjustment) increasing interest rates, which in turn reduces investment and income in the deficit nation and attrac ...
... Under fixed exchange rate system, devaluation is allowed only within narrow limits and adjustment must come from elsewhere. Deficit tends to reduce the nation’s money supply, (monetary adjustment) increasing interest rates, which in turn reduces investment and income in the deficit nation and attrac ...
Emerging Market Overview_March 2016
... quarterly results drove equity prices in South Korea. China advanced, despite a credit-rating downgrade by a major ratings agency, as IT, real estate and consumer discretionary stocks generally led the country’s equity gains. Foreign buying continued to drive Taiwan's market, with IT and financial c ...
... quarterly results drove equity prices in South Korea. China advanced, despite a credit-rating downgrade by a major ratings agency, as IT, real estate and consumer discretionary stocks generally led the country’s equity gains. Foreign buying continued to drive Taiwan's market, with IT and financial c ...
C. Declare expected annual rate of investment return for assets of
... We have found that that the fiduciary net position is projected to be sufficient to make projected benefit payments using this assumption. For purposes of this determination we understand the board of trustees finds the 7.75% assumption to be reasonable and that they expect pension plan assets to be ...
... We have found that that the fiduciary net position is projected to be sufficient to make projected benefit payments using this assumption. For purposes of this determination we understand the board of trustees finds the 7.75% assumption to be reasonable and that they expect pension plan assets to be ...
belloc mmi08 6675559 en
... Since the introduction of the Euro as common currency for 11 member states of the EU, the Euro/USD exchange rate has surprised most observers for its highly unexpected dynamics. It has depreciated steadily and almost continuously from January 1999 to February 2002, then it reversed this trend, began ...
... Since the introduction of the Euro as common currency for 11 member states of the EU, the Euro/USD exchange rate has surprised most observers for its highly unexpected dynamics. It has depreciated steadily and almost continuously from January 1999 to February 2002, then it reversed this trend, began ...
Short Duration Market Overview
... • Seeking to preserve principal, maintaining liquidity and achieving superior risk-adjusted performance – Emphasize fundamental and macro research in formulating portfolio structures – Meet fund liquidity targets through repurchase agreements, Treasuries, agencies and short-dated credits – Manage we ...
... • Seeking to preserve principal, maintaining liquidity and achieving superior risk-adjusted performance – Emphasize fundamental and macro research in formulating portfolio structures – Meet fund liquidity targets through repurchase agreements, Treasuries, agencies and short-dated credits – Manage we ...
H o w N e w ... m a c r o e c o n o...
... This is a continuation of a series of articles on what the costs and benefits might be if New Zealand wer e to join a larger currency area, say if it were to enter into currency union with Australia, or to ‘dollarise’. The back-drop is public debate, in New Zealand and in some other countries, on cu ...
... This is a continuation of a series of articles on what the costs and benefits might be if New Zealand wer e to join a larger currency area, say if it were to enter into currency union with Australia, or to ‘dollarise’. The back-drop is public debate, in New Zealand and in some other countries, on cu ...
MONETARY POLICY IN A DSGE MODEL WITH “CHINESE CHARACTERISTICS”
... Abstract. We examine optimal monetary policy under prevailing Chinese policy – including capital controls and nominal exchange rate targets – in a DSGE model calibrated to Chinese and global data. Under the closed capital account, domestic citizens are prohibited from holding foreign assets. Foreign ...
... Abstract. We examine optimal monetary policy under prevailing Chinese policy – including capital controls and nominal exchange rate targets – in a DSGE model calibrated to Chinese and global data. Under the closed capital account, domestic citizens are prohibited from holding foreign assets. Foreign ...
Caucasus and Central Asia: Oil Price Decline and Regional
... plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to k ...
... plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to k ...