BANK-BASED AND MARKET-BASED FINANCIAL SYSTEMS
... England and the United States, securities markets share center stage with banks in terms of getting society’s savings to firms, exerting corporate control, and easing risk management. Some analysts suggest that markets are more effective at providing financial services. Others tout the advantages of ...
... England and the United States, securities markets share center stage with banks in terms of getting society’s savings to firms, exerting corporate control, and easing risk management. Some analysts suggest that markets are more effective at providing financial services. Others tout the advantages of ...
World Investment Report 2002 Export Competitiveness
... Though the United States retained its position as the largest FDI recipient, inflows more than halved and were down to $124 billion. And though the country regained its position as the largest investor, investments declined by 30 per cent. The major partners for inward and outward FDI were again th ...
... Though the United States retained its position as the largest FDI recipient, inflows more than halved and were down to $124 billion. And though the country regained its position as the largest investor, investments declined by 30 per cent. The major partners for inward and outward FDI were again th ...
Is the Crisis Problem Growing More Severe?
... the trend, they obtain output losses for the 1973-98 period that are a multiple of our’s. However, some of their other estimates yield smaller losses for emerging markets than those reported here. It will be obvious that these alternatives are no less problematic than our method. Adjustments to the ...
... the trend, they obtain output losses for the 1973-98 period that are a multiple of our’s. However, some of their other estimates yield smaller losses for emerging markets than those reported here. It will be obvious that these alternatives are no less problematic than our method. Adjustments to the ...
Remittances and Reverse Flows in Developing Countries
... To that end, consumption, investment and trade balance equations will be estimated and from these estimates the implied share of reverse flows (in the allocation of remittances) will be derived. The dataset employed for this research covers 36 countries14 for the period 1980 to 2006. Since the panel ...
... To that end, consumption, investment and trade balance equations will be estimated and from these estimates the implied share of reverse flows (in the allocation of remittances) will be derived. The dataset employed for this research covers 36 countries14 for the period 1980 to 2006. Since the panel ...
1 - Whitman People
... Chapter 7 (20): Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation ...
... Chapter 7 (20): Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation ...
Working Paper 23 – Will Asymmetric Shocks Pose a Serious
... way. The changeover to the euro will complete the process of economic and monetary unification in Europe. The single currency will avert the disruptions caused by speculative attacks. It will reduce exchange rate uncertainties and thus contribute to sustainable and noninflationary growth throughout ...
... way. The changeover to the euro will complete the process of economic and monetary unification in Europe. The single currency will avert the disruptions caused by speculative attacks. It will reduce exchange rate uncertainties and thus contribute to sustainable and noninflationary growth throughout ...
Orders and Positions
... profit and loss. You can also cancel, cancel/replace, and place orders from this tab. • Summary: The three tabbed windows in this panel display summaries of information about the selected account, including open positions and margin requirements. To resize the panels, drag the Accounts panel border ...
... profit and loss. You can also cancel, cancel/replace, and place orders from this tab. • Summary: The three tabbed windows in this panel display summaries of information about the selected account, including open positions and margin requirements. To resize the panels, drag the Accounts panel border ...
The Great Depression as a Credit Boom Gone Wrong by
... macroeconomic policy but also the structure, regulation and response of the financial system shape the development of financial conditions and thereby macroeconomic dynamics. The policy implication drawn by some is that central banks should not simply set monetary policy with an eye toward inflation ...
... macroeconomic policy but also the structure, regulation and response of the financial system shape the development of financial conditions and thereby macroeconomic dynamics. The policy implication drawn by some is that central banks should not simply set monetary policy with an eye toward inflation ...
Working Paper No 42
... obstacles are supplemented with at least two major problems, which are euro-area specific in some sense. First, the monetary union (MU) area comprises a group of individual countries with at least to some extent different historical experiences, different economic structures, different instituti ...
... obstacles are supplemented with at least two major problems, which are euro-area specific in some sense. First, the monetary union (MU) area comprises a group of individual countries with at least to some extent different historical experiences, different economic structures, different instituti ...
576.79 KB - Asian Development Bank
... government debt and the associated costs of servicing that debt. In the 1970s and 1980s, large debt inflows were used to stimulate the economy and to provide a cushion against external shocks that had often plagued the economy in the early years of its development. Then in the 1990s it also became a ...
... government debt and the associated costs of servicing that debt. In the 1970s and 1980s, large debt inflows were used to stimulate the economy and to provide a cushion against external shocks that had often plagued the economy in the early years of its development. Then in the 1990s it also became a ...
Volume and Liquidity After Cross
... market, or a knife-edge equilibrium occurs where traders separate between the two markets and are just indifferent between them. With differential trading costs, instead, a two-market equilibrium is possible where one market features a higher number of traders (and therefore lower price order-flow s ...
... market, or a knife-edge equilibrium occurs where traders separate between the two markets and are just indifferent between them. With differential trading costs, instead, a two-market equilibrium is possible where one market features a higher number of traders (and therefore lower price order-flow s ...
Essays on Unemployment and Real Exchange Rates Hans Lindblad
... digit figures. The lower activity in the economy in combination with a pickup in productivity triggered a massive rise in the unemployment rate. Open unemployment rose from less than 2% in 1989 to 8% in 1994, and total unemployment (the sum of open unemployment and participation in active labor mark ...
... digit figures. The lower activity in the economy in combination with a pickup in productivity triggered a massive rise in the unemployment rate. Open unemployment rose from less than 2% in 1989 to 8% in 1994, and total unemployment (the sum of open unemployment and participation in active labor mark ...
PHD thesis - Neven Vidakovic
... Choices of the exchange rate regimes in small open economy ............................................................ 91 Advantages and disadvantages of stable exchange rate regime ......................................................... 97 Advantages and disadvantages of variable exchange rate r ...
... Choices of the exchange rate regimes in small open economy ............................................................ 91 Advantages and disadvantages of stable exchange rate regime ......................................................... 97 Advantages and disadvantages of variable exchange rate r ...
currency boards for developing countries
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
Currency Boards for Developing Countries
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
The Great Depression in Belgium
... early as in 1931. This put the big Belgian firms producing for the British market in an uneasy position. As they where price takers abroad, their selling price in sterling was fixed. However, as the sterling lost value with respect to the Belgian franc, their profitability was suddenly diminished. I ...
... early as in 1931. This put the big Belgian firms producing for the British market in an uneasy position. As they where price takers abroad, their selling price in sterling was fixed. However, as the sterling lost value with respect to the Belgian franc, their profitability was suddenly diminished. I ...
Lien
... outward, among member countries. The trend has been particularly pronounced in emerging Europe, although systemically important emerging economies (including, for example, China and India) have also announced plans for further liberalization. The pace of liberalization moderated slightly in the wake ...
... outward, among member countries. The trend has been particularly pronounced in emerging Europe, although systemically important emerging economies (including, for example, China and India) have also announced plans for further liberalization. The pace of liberalization moderated slightly in the wake ...
How Fast do Personal Computers Depreciate?
... of existing models will be pushed down by the same amount. Thus, Bk – which captures this ...
... of existing models will be pushed down by the same amount. Thus, Bk – which captures this ...
A Factor-Augmented Vector Autoregression Analysis of Business
... monetary policy established by a supernational central bank. If they are less synchronized in their business cycles, the costs of surrendering monetary policy autonomy are bound to be significant, as they cannot adopt independent policies suited to their domestic conditions. If the business cycles a ...
... monetary policy established by a supernational central bank. If they are less synchronized in their business cycles, the costs of surrendering monetary policy autonomy are bound to be significant, as they cannot adopt independent policies suited to their domestic conditions. If the business cycles a ...
PDD W P
... greater capital inflows in response to its raising demand. To allow for more flexible movements of capital across border, the economy that is not well prepared will run a risk of mismanagement in the financial sector and ended up with huge negative impacts to the country in form of economic crisis. ...
... greater capital inflows in response to its raising demand. To allow for more flexible movements of capital across border, the economy that is not well prepared will run a risk of mismanagement in the financial sector and ended up with huge negative impacts to the country in form of economic crisis. ...