The Impact of the December 2004 Tsunami: An Empirical
... Evans and Speight (2006) study the impact of real time macroeconomic data on the U.K. stock returns and find that unexpected inflation and economic uncertainty are key determinants of U.K. stock returns over the business cycle. Also, Cauchie et al (2004) examine the developed stock market of Switzer ...
... Evans and Speight (2006) study the impact of real time macroeconomic data on the U.K. stock returns and find that unexpected inflation and economic uncertainty are key determinants of U.K. stock returns over the business cycle. Also, Cauchie et al (2004) examine the developed stock market of Switzer ...
RISK MANAGEMENT
... may need to be invoked at short notice and eurozone hedging strategies may need to be stripped out by country, with aspects of those strategies losing effectiveness as new currencies are created. Additionally, treasury should understand which scenarios will cause banking covenants to be triggered an ...
... may need to be invoked at short notice and eurozone hedging strategies may need to be stripped out by country, with aspects of those strategies losing effectiveness as new currencies are created. Additionally, treasury should understand which scenarios will cause banking covenants to be triggered an ...
Executive Summary
... particularly where second-round effects on inflation from commodity prices have been limited, and a turn to easing would be called for if the outlook continues to deteriorate. In the face of sharp capital outflows, countries will need to respond quickly to ensure adequate liquidity, while using the ...
... particularly where second-round effects on inflation from commodity prices have been limited, and a turn to easing would be called for if the outlook continues to deteriorate. In the face of sharp capital outflows, countries will need to respond quickly to ensure adequate liquidity, while using the ...
The structural form of the model can then be conveniently
... restrictions are often with regard to neutrality of the effects of certain shocks over time. Blanchard and Quah (henceforth BQ) imposed restrictions on the long-term multipliers of a model (including the growth of output and unemployment) to identify a permanent and transitory components of output. ...
... restrictions are often with regard to neutrality of the effects of certain shocks over time. Blanchard and Quah (henceforth BQ) imposed restrictions on the long-term multipliers of a model (including the growth of output and unemployment) to identify a permanent and transitory components of output. ...
2008+ GLOBAL CRISIS
... • May 7: FED releases the results of the stress test of 19 largest US bank holding companies. It finds that losses at the firms in 2009 and 2010 could be US$ 600 billion and ten firms would need to add, US$ 185 billion to their capital to maintain adequate buffers if the economy were to record the m ...
... • May 7: FED releases the results of the stress test of 19 largest US bank holding companies. It finds that losses at the firms in 2009 and 2010 could be US$ 600 billion and ten firms would need to add, US$ 185 billion to their capital to maintain adequate buffers if the economy were to record the m ...
2.1 Interest Rate Environment
... compared with the prudential indicator operational and authorised boundaries. There have been no breaches of the prudential indicator boundary although the graph clearly shows the peaks in borrowing, which occur at the end of each month as salaries are paid. ...
... compared with the prudential indicator operational and authorised boundaries. There have been no breaches of the prudential indicator boundary although the graph clearly shows the peaks in borrowing, which occur at the end of each month as salaries are paid. ...
Investing in Malawi
... • Exchange Rate of the local currency has continued to weaken against the major currencies after the devaluation and is currently averaging US$1 = MK390. It is expected to stabilize by June, 2013 due to receipts from tobacco and agricultural related exports. • The Central Bank has revised upwards th ...
... • Exchange Rate of the local currency has continued to weaken against the major currencies after the devaluation and is currently averaging US$1 = MK390. It is expected to stabilize by June, 2013 due to receipts from tobacco and agricultural related exports. • The Central Bank has revised upwards th ...
The Mexican Peso Crisis - Federal Reserve Bank of Atlanta
... peso depreciation, so the real exchange rate was rising. Adjusted for changes in the market exchange rate, prices of Mexican goods were rising relative to U.S. goods, thus encouraging Mexican residents to buy more imported goods and discouraging Mexican exports. Nevertheless, the Mexican government ...
... peso depreciation, so the real exchange rate was rising. Adjusted for changes in the market exchange rate, prices of Mexican goods were rising relative to U.S. goods, thus encouraging Mexican residents to buy more imported goods and discouraging Mexican exports. Nevertheless, the Mexican government ...
Chapter 15:
... intermediary takes some of the funds that otherwise would have gone to a borrower. However, the financial intermediary provides an important service by reducing information asymmetries, allowing savers to pool risk, and matching risk and return. Therefore, when an individual cannot research these is ...
... intermediary takes some of the funds that otherwise would have gone to a borrower. However, the financial intermediary provides an important service by reducing information asymmetries, allowing savers to pool risk, and matching risk and return. Therefore, when an individual cannot research these is ...
Copper
... • High unit cost structure for copper production – lower ore grades – higher labor costs – stricter regulatory requirements ...
... • High unit cost structure for copper production – lower ore grades – higher labor costs – stricter regulatory requirements ...
Chapter 12
... The Chinese economy has been transforming from the autarkic to an outward-oriented pattern. The open-door policy was first implemented in the coastal area in the early 1980s, resulting in a rapid economic growth for China and the eastern belt in particular. In the early 1990s, China embarked on anot ...
... The Chinese economy has been transforming from the autarkic to an outward-oriented pattern. The open-door policy was first implemented in the coastal area in the early 1980s, resulting in a rapid economic growth for China and the eastern belt in particular. In the early 1990s, China embarked on anot ...
Issues on the choice of Exchange Rate Regimes1 Ashwin Moheeput
... weaknesses and endeavours to seek real world examples to rationalise their applicability as opposed to alternative exchange rate regimes. Architects of international financial stability at the IMF or at central banks often ponder about the prerequisites for such programme to work well. These are als ...
... weaknesses and endeavours to seek real world examples to rationalise their applicability as opposed to alternative exchange rate regimes. Architects of international financial stability at the IMF or at central banks often ponder about the prerequisites for such programme to work well. These are als ...
ECON 8423-001 International Finance
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 16h00. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report in ...
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 16h00. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report in ...
US Presidential Cycle and Foreign Exchange Market
... foreign exchange rate systems is £0.01, €0.05, and ¥34.679. The insignificant relation between presidential terms and the Foreign exchange(FX) returns remains stable across subsamples with only one exception for the average returns on U.S. dollar- Japanese yen exchange rate which is higher under De ...
... foreign exchange rate systems is £0.01, €0.05, and ¥34.679. The insignificant relation between presidential terms and the Foreign exchange(FX) returns remains stable across subsamples with only one exception for the average returns on U.S. dollar- Japanese yen exchange rate which is higher under De ...
table 1 here
... The “contagion” describes the situation where a country undergoes an economic shock such as a devaluation and a stock exchange crash, following a similar crisis in another country. The theories which explain the transmission mechanisms of this “virus” can be placed into two different categories. Acc ...
... The “contagion” describes the situation where a country undergoes an economic shock such as a devaluation and a stock exchange crash, following a similar crisis in another country. The theories which explain the transmission mechanisms of this “virus” can be placed into two different categories. Acc ...
ECON 8423-001 International Finance
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 4:00 pm. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report i ...
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 4:00 pm. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report i ...
Financial Accounting and Accounting Standards
... Cash Flow Hedge - hedging cash flows for future transactions that have not yet occurred or for which there are no firm commitments. Cash flow hedges may defer the Income statement recognition of gains and losses on forecasted transactions if certain criteria are met. Amounts in accumulated oth ...
... Cash Flow Hedge - hedging cash flows for future transactions that have not yet occurred or for which there are no firm commitments. Cash flow hedges may defer the Income statement recognition of gains and losses on forecasted transactions if certain criteria are met. Amounts in accumulated oth ...
Zuzana Kucerova
... „If we move across the spectrum from closed to open economies, flexible exchange rates become both less effective as a control device for external balance and more damaging to internal price level stability. In fact, if one were worried about unwanted speculative movements in a floating exchange rat ...
... „If we move across the spectrum from closed to open economies, flexible exchange rates become both less effective as a control device for external balance and more damaging to internal price level stability. In fact, if one were worried about unwanted speculative movements in a floating exchange rat ...
Academic paper : Globalization and the World Economy
... Which role does money play? / Is money neutral?/ Why do we have currency crises? / Why financial crises? / What to do about them? Chapter 5 6. The money market in the world economy ...
... Which role does money play? / Is money neutral?/ Why do we have currency crises? / Why financial crises? / What to do about them? Chapter 5 6. The money market in the world economy ...
minutes of the sixteenth meeting of the monetary policy committee
... Bank Rate downwards would lead to banks holding back their TB maturities, thereby increasing the level of reserve money in the economy. The only option would be to raise the Bank Rate. This would enable the open market operation desk to mop up more liquidity from the economy so as not to undermine t ...
... Bank Rate downwards would lead to banks holding back their TB maturities, thereby increasing the level of reserve money in the economy. The only option would be to raise the Bank Rate. This would enable the open market operation desk to mop up more liquidity from the economy so as not to undermine t ...
Economic Indicator Descriptions
... Average Hourly Earnings: A monthly reading by the Bureau of Labor Statistics (BLS) of the earnings of hourly plant and nonsupervisory workers in the private sector. AHE excludes salaried workers unlike the employment cost index. Unadjusted annualized growth of 4-5% indicates 2-3% productivity growth ...
... Average Hourly Earnings: A monthly reading by the Bureau of Labor Statistics (BLS) of the earnings of hourly plant and nonsupervisory workers in the private sector. AHE excludes salaried workers unlike the employment cost index. Unadjusted annualized growth of 4-5% indicates 2-3% productivity growth ...
Lectures 18 to 20
... Barriers to Expenditure Switching: Pass-Through and the J Curve The J Curve When prices are sticky and there is a nominal and real depreciation of the home currency, it may take time for the trade balance to move toward surplus. In fact, the initial impact may be toward deficit. If firms and househo ...
... Barriers to Expenditure Switching: Pass-Through and the J Curve The J Curve When prices are sticky and there is a nominal and real depreciation of the home currency, it may take time for the trade balance to move toward surplus. In fact, the initial impact may be toward deficit. If firms and househo ...
THE GLOBAL ECONOMY IN THE AFTERMATH OF THE IRAQ WAR
... • Stability pact limits scope for fiscal stimulus • ECB has difficult task balancing different economic situations in different parts of the continent • But narrow focus on inflation, problems of earlier decades, has meant that it has failed to respond to current situation, contributing to weakness ...
... • Stability pact limits scope for fiscal stimulus • ECB has difficult task balancing different economic situations in different parts of the continent • But narrow focus on inflation, problems of earlier decades, has meant that it has failed to respond to current situation, contributing to weakness ...
PDF
... address the issue of the government budget. These policies, among them import controls, exchange controls, and price and margin controls, do have a visible effect under the present conditions, and that is why the government feels justified in continuing them. However, none of them would be necessary ...
... address the issue of the government budget. These policies, among them import controls, exchange controls, and price and margin controls, do have a visible effect under the present conditions, and that is why the government feels justified in continuing them. However, none of them would be necessary ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... One particular concern is whether the model of the paper really can even account for some of the most important empirical regularities of exchange rates. Recently (Engel 2011), I have been trying to understand what it takes to reconcile three well-known empirical exchange-rate regularities: (1) The ...
... One particular concern is whether the model of the paper really can even account for some of the most important empirical regularities of exchange rates. Recently (Engel 2011), I have been trying to understand what it takes to reconcile three well-known empirical exchange-rate regularities: (1) The ...