... about the value of installing a factory unless they can achieve a `critical mass' for their products. Regional integration is often perceived as a positive means of compensating for small national markets. There is currently no clear evidence of the degree of this influence on FDI flows. Some invest ...
Broker-Dealer Trading Activities
... such reviews on a quarterly basis; however, members should consider, based on the firm’s business, whether more frequent reviews are needed, particularly in light of the monthly market center statistics made available under Rule 11Ac1-5.”16 ...
... such reviews on a quarterly basis; however, members should consider, based on the firm’s business, whether more frequent reviews are needed, particularly in light of the monthly market center statistics made available under Rule 11Ac1-5.”16 ...
mmi14-Westermann 19104683 en
... striking correlation between interest rate spreads and the share of senior lenders in the total public debt of each country. In the main part of the paper, we analyze this link more formally, in a panel regression analysis. Using various econometric approaches and a range of different control variab ...
... striking correlation between interest rate spreads and the share of senior lenders in the total public debt of each country. In the main part of the paper, we analyze this link more formally, in a panel regression analysis. Using various econometric approaches and a range of different control variab ...
UK economic policy in the 1960s and 1970s and the challenge to
... Oliver & Pemberton – IEHC, August 2006, page 4 of ideas’, as Keynes put it.8 This is surely too simplistic, however, not least because it puts too much emphasis on the inevitability of good ideas succeeding.9 Yet devising theories or analytical frameworks that explain the relationship between ideas ...
... Oliver & Pemberton – IEHC, August 2006, page 4 of ideas’, as Keynes put it.8 This is surely too simplistic, however, not least because it puts too much emphasis on the inevitability of good ideas succeeding.9 Yet devising theories or analytical frameworks that explain the relationship between ideas ...
BIS Working Papers No 112 Determinants of international bank
... results show that both types of factors influence international bank lending. However, they also contrast somewhat with those of the early literature on international capital flows to emerging markets. Indeed, evidence concerning two of the most widely discussed push factors, namely real GDP and rea ...
... results show that both types of factors influence international bank lending. However, they also contrast somewhat with those of the early literature on international capital flows to emerging markets. Indeed, evidence concerning two of the most widely discussed push factors, namely real GDP and rea ...
Financial Innovations and the Demand for Money in Ukraine
... (2.1) presumes a positive relationship of real money balances between the scale variable, and negative one between the opportunity costs. The estimation of money demand function in its contemporary representations (2.1) has been started initially in the mid-1970s in the USA, when economists and poli ...
... (2.1) presumes a positive relationship of real money balances between the scale variable, and negative one between the opportunity costs. The estimation of money demand function in its contemporary representations (2.1) has been started initially in the mid-1970s in the USA, when economists and poli ...
Central banks around the world: Does membership size differ?
... A case in point is the recent discussion of the design of the European Central Bank’s (ECB’s) 19-member Governing Council, in which there is at least one representative from each member country of the monetary union (see, for instance, Baldwin, Berglöf, Giavazzi, and Widgren, 2001; Berger, de Haan, ...
... A case in point is the recent discussion of the design of the European Central Bank’s (ECB’s) 19-member Governing Council, in which there is at least one representative from each member country of the monetary union (see, for instance, Baldwin, Berglöf, Giavazzi, and Widgren, 2001; Berger, de Haan, ...
World Real Interest Rates and Business Cycles in Open Economies:
... margins: they affect households by generating wealth effects, intertemporal substitution effects, and portfolio allocation effects, and they affect firms by altering incentives for domestic investment. It is surprising, then, that much of the existing empirical literature finds that world real inter ...
... margins: they affect households by generating wealth effects, intertemporal substitution effects, and portfolio allocation effects, and they affect firms by altering incentives for domestic investment. It is surprising, then, that much of the existing empirical literature finds that world real inter ...
Three Essays on Macroeconomic and Financial Stability by MEI LI
... This thesis studies several issues in the field of macroeconomic and financial stability. In Chapter 2, I argue that systemic bankruptcy of firms can originate from coordination failure in an economy with investment complementarities. I demonstrate that in such an economy, a very small uncertainty a ...
... This thesis studies several issues in the field of macroeconomic and financial stability. In Chapter 2, I argue that systemic bankruptcy of firms can originate from coordination failure in an economy with investment complementarities. I demonstrate that in such an economy, a very small uncertainty a ...
CGD Brief Growing Business or Development Priority?
... Public Money for Private Firms: A Growing Business Lending to, investing in, and guaranteeing private firms constitute a large and growing share of multilateral development banks’ financial activities. They made up around 35 percent of total financial operations of multilateral development banks (MD ...
... Public Money for Private Firms: A Growing Business Lending to, investing in, and guaranteeing private firms constitute a large and growing share of multilateral development banks’ financial activities. They made up around 35 percent of total financial operations of multilateral development banks (MD ...
Effects of Financial Market Imperfections on Indian Firms` Exporting
... link between exchange rate movement and exports. We will use comprehensive firm-level data on Indian manufacturing firms available in a database called “PROWESS” (Centre for Monitoring Indian Economy Pvt. Ltd. 2011), which contains a record of accounting and financial information for more than 6,000 ...
... link between exchange rate movement and exports. We will use comprehensive firm-level data on Indian manufacturing firms available in a database called “PROWESS” (Centre for Monitoring Indian Economy Pvt. Ltd. 2011), which contains a record of accounting and financial information for more than 6,000 ...
NBER WORKING PAPER SERIES WHAT DOES FUTURES
... due to limited arbitrage by speculators. Conversely, if there is excess hedging demand from consumers that want to be long futures, the futures price will rise due to limited arbitrage by speculators. Because the futures price can either fall or rise in response to anticipation of higher economic a ...
... due to limited arbitrage by speculators. Conversely, if there is excess hedging demand from consumers that want to be long futures, the futures price will rise due to limited arbitrage by speculators. Because the futures price can either fall or rise in response to anticipation of higher economic a ...
Abstract - NYU Stern
... contraction and return to budget surpluses in the 1990s was associated with a stronger, not weaker dollar, while the recent weakening of the dollar in 2002 has been observed in a period when budget deficits have reemerged in a major way. Thus, the conventional wisdom that fiscal deficits lead to re ...
... contraction and return to budget surpluses in the 1990s was associated with a stronger, not weaker dollar, while the recent weakening of the dollar in 2002 has been observed in a period when budget deficits have reemerged in a major way. Thus, the conventional wisdom that fiscal deficits lead to re ...
Macroeconomic Determinants of Remittances in South Asian
... Cooperation Council (GCC) countries, where the number of skilled workers has increased, and unskilled migrants are also again finding opportunities (as new migrants take the places of deportees). In Nepal, the outflow of migrant workers rose 16 percent in fiscal 2013-14 compared with a year earlier, ...
... Cooperation Council (GCC) countries, where the number of skilled workers has increased, and unskilled migrants are also again finding opportunities (as new migrants take the places of deportees). In Nepal, the outflow of migrant workers rose 16 percent in fiscal 2013-14 compared with a year earlier, ...
Containing the Crisis, 1983-85
... the country’s economic policies and performance in a way that could reassure creditor banks undertaking longer-term commitments. He introduced the idea in general terms at a private conference for central bankers at the Federal Reserve Bank of New York on May 7, 1984, and reported afterward that the ...
... the country’s economic policies and performance in a way that could reassure creditor banks undertaking longer-term commitments. He introduced the idea in general terms at a private conference for central bankers at the Federal Reserve Bank of New York on May 7, 1984, and reported afterward that the ...
PDF
... duration of three years or less. On average, there were two spells of exporting for each countrycommodity pair over this 25 year time period with fruits having slightly fewer number of spells at 1.9 compared with vegetables in 2.1. There is also less variation in the average number of spells across ...
... duration of three years or less. On average, there were two spells of exporting for each countrycommodity pair over this 25 year time period with fruits having slightly fewer number of spells at 1.9 compared with vegetables in 2.1. There is also less variation in the average number of spells across ...
86 pages - World bank documents
... Under adjustment we include both stabilization and structural ...
... Under adjustment we include both stabilization and structural ...
Finance, Financial Sector Policies, and Long-Run Growth
... exist and since laws, regulations, and policies differ markedly across economies and over time, improvements along any single dimension may have different implications for resource allocation and welfare depending on the other frictions at play in the economy. 1.2. Producing information and allocati ...
... exist and since laws, regulations, and policies differ markedly across economies and over time, improvements along any single dimension may have different implications for resource allocation and welfare depending on the other frictions at play in the economy. 1.2. Producing information and allocati ...
La eleccion del regimen cambiario en America Central
... Alejandro Micco, Ernesto Stein and Guillermo Ordoñez +* ...
... Alejandro Micco, Ernesto Stein and Guillermo Ordoñez +* ...
Sustainability of Sukuk and Conventional Bonds during Financial Crisis: Malaysian Capital Market
... 1990), and the savings and loans collapse and credit crunch of the early 1990s (Bernanke, Lown, & Friedman, 1991). These were followed by recurring episodes of turmoil, most notably originating in Mexico at the end of 1994, in East Asia between 1997 and 1998, in Russia during the summer of 1998, in ...
... 1990), and the savings and loans collapse and credit crunch of the early 1990s (Bernanke, Lown, & Friedman, 1991). These were followed by recurring episodes of turmoil, most notably originating in Mexico at the end of 1994, in East Asia between 1997 and 1998, in Russia during the summer of 1998, in ...
Do Exchange Rates Affect the Capital-Labour Ratio?
... and Dekle (1998) concentrate on the impact on employment, 3 and Campa and Goldberg (1995, 1999) and Harchaoui, Tarkhani, and Yuen (2003) focus on investment decisions.4 Second, the majority of these studies concentrate on the partial adjustment path without imputing the long-run elasticities of inp ...
... and Dekle (1998) concentrate on the impact on employment, 3 and Campa and Goldberg (1995, 1999) and Harchaoui, Tarkhani, and Yuen (2003) focus on investment decisions.4 Second, the majority of these studies concentrate on the partial adjustment path without imputing the long-run elasticities of inp ...
