1 - Schroders
... banking is inflation targeting, it may be premature on assuming a move to a more passive policy regime. Therefore, real yield volatility is likely to remain the dominant factor in inflation hedge returns. The key signal to look out for to confirm that we are remaining in the pre-emptive regime will ...
... banking is inflation targeting, it may be premature on assuming a move to a more passive policy regime. Therefore, real yield volatility is likely to remain the dominant factor in inflation hedge returns. The key signal to look out for to confirm that we are remaining in the pre-emptive regime will ...
Circular 2018/2 Duty to report securities transactions Duty to
... The further participants in a transaction chain report the participant that forwarded the order in place of the beneficial owner. Where orders are forwarded, each participant in the transaction chain must additionally report the unique transaction identification code (trade ID) provided by the tradi ...
... The further participants in a transaction chain report the participant that forwarded the order in place of the beneficial owner. Where orders are forwarded, each participant in the transaction chain must additionally report the unique transaction identification code (trade ID) provided by the tradi ...
Sebastian Edwards Working Paper No. 1507 Massachusetts Avenue Cambridge,
... the effects of liberalizing the cpital and currnt accounts on production and income distribution Is presented. The framework used for this discussion is a 3 goods—two factors node1 with sector specific capital in the short-run. This analysis proceeds with great detail and shows that each reform on I ...
... the effects of liberalizing the cpital and currnt accounts on production and income distribution Is presented. The framework used for this discussion is a 3 goods—two factors node1 with sector specific capital in the short-run. This analysis proceeds with great detail and shows that each reform on I ...
Stock prices volatility and trading volume
... These break dates allow them to partition each country-specific sample into periods of distinctive statistical features of index returns, i.e., to identify different market regimes. These were then used to test the notion of whether the volume–return causality, both linear and in quantiles, is occur ...
... These break dates allow them to partition each country-specific sample into periods of distinctive statistical features of index returns, i.e., to identify different market regimes. These were then used to test the notion of whether the volume–return causality, both linear and in quantiles, is occur ...
Regional monetary integration in the member states of the Gulf
... generally low inflation rates in all member states and short-term interest rates co-moving in a narrow range. This is due to the GCC currencies’ long-standing alignment with a common external anchor, the US dollar, which has led to a very high degree of intra-GCC exchange rate stability that is all ...
... generally low inflation rates in all member states and short-term interest rates co-moving in a narrow range. This is due to the GCC currencies’ long-standing alignment with a common external anchor, the US dollar, which has led to a very high degree of intra-GCC exchange rate stability that is all ...
Mundell`s International Economics: Adaptations and Debates
... policy mix, and that President Kennedy reversed his policy mix in order to conform with the Mundell recommendation. Nonetheless he later admitted (Mundell [2002, 9]) that his view all along was that this paper is “trash”.4 Perhaps unaware of this attitude, some well-known economists, such as Flood [ ...
... policy mix, and that President Kennedy reversed his policy mix in order to conform with the Mundell recommendation. Nonetheless he later admitted (Mundell [2002, 9]) that his view all along was that this paper is “trash”.4 Perhaps unaware of this attitude, some well-known economists, such as Flood [ ...
to Official Notice - The Stock Exchange of Mauritius
... (ii) the listing of up to 425,342,317 ordinary shares of BLL on the Official Market of the Stock Exchange of Mauritius Ltd following the above amalgamation, which will involve the migration of BLL from the DEM to the Official Market and consequently, the withdrawal of BLL from the DEM. 2. Suspension ...
... (ii) the listing of up to 425,342,317 ordinary shares of BLL on the Official Market of the Stock Exchange of Mauritius Ltd following the above amalgamation, which will involve the migration of BLL from the DEM to the Official Market and consequently, the withdrawal of BLL from the DEM. 2. Suspension ...
The synchronized and long-lasting structural change on
... The causes behind the recent sharp price movements of many primary commodities have fuelled an intense debate among academics, asset managers, investment banks, and policy makers. The debate reflects several developments over the last decade. First, large developing economies have experienced a rapi ...
... The causes behind the recent sharp price movements of many primary commodities have fuelled an intense debate among academics, asset managers, investment banks, and policy makers. The debate reflects several developments over the last decade. First, large developing economies have experienced a rapi ...
Business Cycle Transmission from the US to Germany
... large set of real and nominal German variables to US shocks and to investigate the role of many transmission channels, including so called 'new' channels like stock markets, foreign direct investment, international bank lending and the confidence channel. To that extent, it has advantages over other ...
... large set of real and nominal German variables to US shocks and to investigate the role of many transmission channels, including so called 'new' channels like stock markets, foreign direct investment, international bank lending and the confidence channel. To that extent, it has advantages over other ...
Market making in international capital markets
... market makers and their effect in the quoted and transaction prices. Recent empirical studies have looked at the effect of market making using two distinct approaches. The first approach is that of a natural experiment which investigates market quality changes within exchanges following the introduc ...
... market makers and their effect in the quoted and transaction prices. Recent empirical studies have looked at the effect of market making using two distinct approaches. The first approach is that of a natural experiment which investigates market quality changes within exchanges following the introduc ...
NBER WORKING PAPER SERIES THE ASSESSMENT OF NATIONAL PRICE LEVELS Irving 8. Kravis
... they should be equal in all countries? Equality is the norm set by the purchasing power parity theory. In this paper we ask whether there are long—run determinants of national price levels that keep some of them (the U.S., for example) above the world average and some of them below the average witho ...
... they should be equal in all countries? Equality is the norm set by the purchasing power parity theory. In this paper we ask whether there are long—run determinants of national price levels that keep some of them (the U.S., for example) above the world average and some of them below the average witho ...
84097113I_en.pdf
... increases the risk of default by the public sector and severely limits the efficacy of monetary policy (Céspedes, Chang and Velasco, 2002). Although, generally speaking public debt-to-GDP ratios —the usual indicators of the public sector’s longterm solvency— have continued to be comparatively lower ...
... increases the risk of default by the public sector and severely limits the efficacy of monetary policy (Céspedes, Chang and Velasco, 2002). Although, generally speaking public debt-to-GDP ratios —the usual indicators of the public sector’s longterm solvency— have continued to be comparatively lower ...
Morning Briefing Global Economic Trading Calendar
... DJIA and S&P 500 posted highs of 16,565.71 and 1884.89 Tuesday, the highest levels seen since April 4, when the DJIA and S&P 500 posted life-time highs of 16,631.63 and 1897.28. The Nasdaq Composite closed up 21 pts at 4,148.338. ...
... DJIA and S&P 500 posted highs of 16,565.71 and 1884.89 Tuesday, the highest levels seen since April 4, when the DJIA and S&P 500 posted life-time highs of 16,631.63 and 1897.28. The Nasdaq Composite closed up 21 pts at 4,148.338. ...
Exchange Rate Predictability in a Changing World
... and with a diagonal covariance matrix Q. Putting together equations (1) and (3) results in a state-space model, where (1) is the measurement equation and (3) the transition equation. We use Bayesian methods to estimate the parameters of the state-space model. While the use of the Kalman filter with ...
... and with a diagonal covariance matrix Q. Putting together equations (1) and (3) results in a state-space model, where (1) is the measurement equation and (3) the transition equation. We use Bayesian methods to estimate the parameters of the state-space model. While the use of the Kalman filter with ...
Common Option Strategies - NYU Stern School of Business
... straight-equity follow-on issue). And (2), a recent propensity for investmentgrade firms to issue convertibles, whereas the convertible marketplace has traditionally been composed of non-investment grade issuers (78% in 1999 but only about 37% in 2001) seeking to lower their coupon rates. This may b ...
... straight-equity follow-on issue). And (2), a recent propensity for investmentgrade firms to issue convertibles, whereas the convertible marketplace has traditionally been composed of non-investment grade issuers (78% in 1999 but only about 37% in 2001) seeking to lower their coupon rates. This may b ...
International Trade in Durable Goods: Understanding Volatility
... model to replicate trade volatility. They argue that trade balance adjustment may be triggered by investment shocks from either home or foreign country and such adjustment may not cause substantial real exchange rate fluctuations. Warner (1994) finds that global investment demand has been an importa ...
... model to replicate trade volatility. They argue that trade balance adjustment may be triggered by investment shocks from either home or foreign country and such adjustment may not cause substantial real exchange rate fluctuations. Warner (1994) finds that global investment demand has been an importa ...
Bid-ask spread components on the foreign exchange market: The
... Table of contents ........................................................................................................................ IV List of Abbreviations and Symbols .............................................................................................. VII List of Tables .......... ...
... Table of contents ........................................................................................................................ IV List of Abbreviations and Symbols .............................................................................................. VII List of Tables .......... ...
The Pros and Cons of Capital Controls
... Several factors, both on a macro- and micro level, determine the degree to which capital flows from advanced economies to emerging economies Distinction between Cyclical and Structural Factors as well as between Push and Pull Factors*: • Cyclical Factors describe events which take place on a reoccu ...
... Several factors, both on a macro- and micro level, determine the degree to which capital flows from advanced economies to emerging economies Distinction between Cyclical and Structural Factors as well as between Push and Pull Factors*: • Cyclical Factors describe events which take place on a reoccu ...
World Economic Outlook (WEO), April 2016
... (WEO). It has been assumed that real effective exchange rates remained constant at their average levels during February 2–March 1, 2016, except for those for the currencies participating in the European exchange rate mechanism II (ERM II), which are assumed to have remained constant in nominal terms ...
... (WEO). It has been assumed that real effective exchange rates remained constant at their average levels during February 2–March 1, 2016, except for those for the currencies participating in the European exchange rate mechanism II (ERM II), which are assumed to have remained constant in nominal terms ...
the structure of forward and futures markets
... the over-the-counter forward market is a highly regulated market forward contracts prevent the writer from assuming the credit risk of the buyer terms and conditions are tailored to the specific needs of the two parties involved transaction information between the two parties involved in the forward ...
... the over-the-counter forward market is a highly regulated market forward contracts prevent the writer from assuming the credit risk of the buyer terms and conditions are tailored to the specific needs of the two parties involved transaction information between the two parties involved in the forward ...
Boom or gloom? - BI Norwegian Business School
... employment in this industry grew by more than 60 percent. No other industry exhibited such growth rates. Even more pronounced was the development that played out in the mineral abundant country, Australia. The value of mining increased by 130 percent, while employment in the same industry went up by ...
... employment in this industry grew by more than 60 percent. No other industry exhibited such growth rates. Even more pronounced was the development that played out in the mineral abundant country, Australia. The value of mining increased by 130 percent, while employment in the same industry went up by ...
Three Essays on the Impacts of Risk and Uncertainty on Foreign
... 3% o f world FDI inflows while all other regions experienced a significant increase (WIR , 2005). In general, FDI to African countries still remains small when compared to other developing regions despite the fact that Africa has the highest rate o f return on investment when compared to other deve ...
... 3% o f world FDI inflows while all other regions experienced a significant increase (WIR , 2005). In general, FDI to African countries still remains small when compared to other developing regions despite the fact that Africa has the highest rate o f return on investment when compared to other deve ...