Spillover Implications of Differences in Monetary Conditions in
... the United States may not only strengthen the dollar vis-à-vis the euro, but also push interest rates up in the euro area. Similarly, the implementation of Quantitative Easing (QE) in the euro area may not only weaken the euro vis-à-vis the dollar, but also put downward pressure on long-term yields ...
... the United States may not only strengthen the dollar vis-à-vis the euro, but also push interest rates up in the euro area. Similarly, the implementation of Quantitative Easing (QE) in the euro area may not only weaken the euro vis-à-vis the dollar, but also put downward pressure on long-term yields ...
the relationship between selected macroeconomic factors and gold
... Index have a very low impact on gold price independently. The finding also proves that gold does not cause and affect exchange rate, BSE Sensex, NSE Index, forex reserves and fiscal deficit but gold does affect interest rate and inflation and vice versa. Simakova (2011) stated that gold plays an imp ...
... Index have a very low impact on gold price independently. The finding also proves that gold does not cause and affect exchange rate, BSE Sensex, NSE Index, forex reserves and fiscal deficit but gold does affect interest rate and inflation and vice versa. Simakova (2011) stated that gold plays an imp ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics
... on domestic prices. Interest rates at which domestic residents borrow and lend from abroad and the prices at which they buy (sell) imported (exported) goods cannot be completely exogenous to domestic development because this would lead to unrealistically high fluctuations in the trade balance.4 Ther ...
... on domestic prices. Interest rates at which domestic residents borrow and lend from abroad and the prices at which they buy (sell) imported (exported) goods cannot be completely exogenous to domestic development because this would lead to unrealistically high fluctuations in the trade balance.4 Ther ...
Bayat(207).pdf
... Argentina and Turkey during last decades were followed the IMF adjustment policy. The Turkish trade liberalization of the 1980s and Argentinean version of neo-liberalism in the 1990s both were initially considered as successful cases in emerging countries. But, these cases eventually were faced with ...
... Argentina and Turkey during last decades were followed the IMF adjustment policy. The Turkish trade liberalization of the 1980s and Argentinean version of neo-liberalism in the 1990s both were initially considered as successful cases in emerging countries. But, these cases eventually were faced with ...
SP92: The Equivalence of Screen Based Continuous-Auction and Dealer Markets
... to liquidate or increase their holdings at a later date. ...
... to liquidate or increase their holdings at a later date. ...
Table 4: Augmented Dickey-Fuller Unit Root Test
... causality between trade openness and growth and is still open (Rodriguez, 2001). The relationship between trade openness and growth is a highly debated topic in the growth and development literature. Theoretical growth studies suggest a complex and ambiguous relationship between trade openness and g ...
... causality between trade openness and growth and is still open (Rodriguez, 2001). The relationship between trade openness and growth is a highly debated topic in the growth and development literature. Theoretical growth studies suggest a complex and ambiguous relationship between trade openness and g ...
Article: MFI lending rates: pass-through in the time of non
... Impact of non-standard measures on lending rates A number of factors have played a significant role in reducing the financial fragmentation observed during the recent financial crisis and have led to the more recent steep decline in lending rates. While the non-standard measures introduced by the EC ...
... Impact of non-standard measures on lending rates A number of factors have played a significant role in reducing the financial fragmentation observed during the recent financial crisis and have led to the more recent steep decline in lending rates. While the non-standard measures introduced by the EC ...
Economic and Social Survey of Asia and the Pacific 2010: Year-end Update
... In the second place, other than slower growth in the developed countries, a major challenge for the region stems from the impact of the enormous liquidity injections being undertaken by developed economies as part of their efforts to boost recovery from the crisis. A consequence of this increase in ...
... In the second place, other than slower growth in the developed countries, a major challenge for the region stems from the impact of the enormous liquidity injections being undertaken by developed economies as part of their efforts to boost recovery from the crisis. A consequence of this increase in ...
The macroeconomic effects of fiscal policy - ECB
... Government spending shocks (i) have, in general, a small effect on GDP; (ii) do not impact significantly on private consumption; (iii) have a negative effect on private investment; (iv) have a varied effect on housing prices that ranges from a positive and persistent effect to a negative effect and ...
... Government spending shocks (i) have, in general, a small effect on GDP; (ii) do not impact significantly on private consumption; (iii) have a negative effect on private investment; (iv) have a varied effect on housing prices that ranges from a positive and persistent effect to a negative effect and ...
NBER WORKING PAPER SERIES THINK Jonathan Heathcote
... Although there has been rapid growth in international portfolio diversification in recent years, portfolios remain heavily biased towards domestic assets. For example, foreign assets accounted, on average, for only around 25% of the total value of the assets owned by U.S. residents over the period 1 ...
... Although there has been rapid growth in international portfolio diversification in recent years, portfolios remain heavily biased towards domestic assets. For example, foreign assets accounted, on average, for only around 25% of the total value of the assets owned by U.S. residents over the period 1 ...
EmErging CurrEnCy - Societe Generale
... The contents of this document are given for purely indicative purposes and have no contractual value. Société Générale do not provide legal, tax or accounting advice. This document does not constitute an offer, or an invitation to make an offer, from Société Générale to purchase or sell a product. S ...
... The contents of this document are given for purely indicative purposes and have no contractual value. Société Générale do not provide legal, tax or accounting advice. This document does not constitute an offer, or an invitation to make an offer, from Société Générale to purchase or sell a product. S ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Reducing Inflation: Motivation and Strategy
... The goal is to learn about the mechanics of maintaining low inflation, and about the net benefits and costs of doing so. In the end we provide a description of how the Bundesbank conducts monetary policy that is based on both a reading of the historical evidence and a formal statistical analysis of ...
... The goal is to learn about the mechanics of maintaining low inflation, and about the net benefits and costs of doing so. In the end we provide a description of how the Bundesbank conducts monetary policy that is based on both a reading of the historical evidence and a formal statistical analysis of ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... of certain sectors of the economy without any corresponding increase in their productivity, giving rise to an increase in the aggregate demand for goods and services which cannot be met at the current prices by the total available supply of goods and services in the economy. The nexus between money ...
... of certain sectors of the economy without any corresponding increase in their productivity, giving rise to an increase in the aggregate demand for goods and services which cannot be met at the current prices by the total available supply of goods and services in the economy. The nexus between money ...
Slide 1
... In Pakistani capital market, STP is implemented to a great extent, however, there is still room for further improvement. Step by step activities performed during progression of a trading cycle is mention as under: Buyers and Sellers of the securities are required to transact through intermediaries ...
... In Pakistani capital market, STP is implemented to a great extent, however, there is still room for further improvement. Step by step activities performed during progression of a trading cycle is mention as under: Buyers and Sellers of the securities are required to transact through intermediaries ...
International Experiences with Different Monetary Policy Regimes
... A striking example of these problems occurred when Germany reunified in 1990. Concerns about inflationary pressures arising from reunification and the massive fiscal expansion required to rebuild East Germany led to rises in German long-term interest rates until February 1991 and to rises in short-t ...
... A striking example of these problems occurred when Germany reunified in 1990. Concerns about inflationary pressures arising from reunification and the massive fiscal expansion required to rebuild East Germany led to rises in German long-term interest rates until February 1991 and to rises in short-t ...
Is low inflation really causing the decline in exchange rate pass
... maintain low inflation rates. This view once again links the degree of ERPT in an economy to its long-run inflation performance. Most of the evidence of the declining ERPT in the literature is provided by splitting the sample estimations, as in Campa and Goldberg (2005), Gagnon and Ihrig (2004) and ...
... maintain low inflation rates. This view once again links the degree of ERPT in an economy to its long-run inflation performance. Most of the evidence of the declining ERPT in the literature is provided by splitting the sample estimations, as in Campa and Goldberg (2005), Gagnon and Ihrig (2004) and ...
Internationalization of Stock Markets: Potential Problems for United
... because they address problems directed at market functioning, not a market player. This premise of the paradigm is also justified by the converse of the previous argument: that investor confidence is maintained through the integrity of the markets. "The Commission believes that the maintenance of in ...
... because they address problems directed at market functioning, not a market player. This premise of the paradigm is also justified by the converse of the previous argument: that investor confidence is maintained through the integrity of the markets. "The Commission believes that the maintenance of in ...
Benefits and Risks of Financial Globalization
... Senior Economist Development Research Group World Bank ...
... Senior Economist Development Research Group World Bank ...
International Gold Standard and US Moentary Policy from World War
... of gold-standard currencies provided a reliable point of reference for nongold currencies. During this period, the many countries that had either adopted or restored the gold standard could depend on the Bank of England to provide predictable policy in which changes in the Bank rate carefully regula ...
... of gold-standard currencies provided a reliable point of reference for nongold currencies. During this period, the many countries that had either adopted or restored the gold standard could depend on the Bank of England to provide predictable policy in which changes in the Bank rate carefully regula ...
Does China Still Have a Labor Cost Advantage?
... rising labor costs in yuan terms. The cost increases have been even larger in dollar terms due to the yuan appreciation. The yuan has appreciated by 24 per cent since the announcement of China’s move away from its dollar peg in July 2005, after a decade of a fixed parity of 8.28 RMB per dollar (Figu ...
... rising labor costs in yuan terms. The cost increases have been even larger in dollar terms due to the yuan appreciation. The yuan has appreciated by 24 per cent since the announcement of China’s move away from its dollar peg in July 2005, after a decade of a fixed parity of 8.28 RMB per dollar (Figu ...
Aegon CEE: Executing our strategy
... ventures and associated companies. The reconciliation of these measures, except for market consistent value of new business, to the most comparable IFRS measure is provided in note 3 "Segment information" of Aegon’s condensed consolidated interim financial statements. Market consistent value of new ...
... ventures and associated companies. The reconciliation of these measures, except for market consistent value of new business, to the most comparable IFRS measure is provided in note 3 "Segment information" of Aegon’s condensed consolidated interim financial statements. Market consistent value of new ...
A general equilibrium analysis of remittances, labor supply
... What is the role of international remittances in the economic development of recipient countries? This important question is not completely new, and some answers have already been provided by the large literature on aid effectiveness: the effects of remittances depend on how they are used.1 If remit ...
... What is the role of international remittances in the economic development of recipient countries? This important question is not completely new, and some answers have already been provided by the large literature on aid effectiveness: the effects of remittances depend on how they are used.1 If remit ...