Government Spending Shocks in Open Economy VARs
... real domestic currency (see Kim and Roubini, 2008, Corsetti and Muller, 2006, Monacelli and Perotti, 2007, Ravn, Schmitt-Grohe and Uribe, 2007, and Enders, Muller and Scholl, 2011).12 The result stands in sharp contrast with standard theory, which predicts that fiscal policy expansions appreciate th ...
... real domestic currency (see Kim and Roubini, 2008, Corsetti and Muller, 2006, Monacelli and Perotti, 2007, Ravn, Schmitt-Grohe and Uribe, 2007, and Enders, Muller and Scholl, 2011).12 The result stands in sharp contrast with standard theory, which predicts that fiscal policy expansions appreciate th ...
CLS Bank International - Financial Stability Board
... The CLS System provides a mechanism for the final settlement of payment instructions (relating to underlying FX transactions) across the books of CLS. In order for these payment instructions to settle, Members must satisfy their payment obligations (or “funding obligations”) to CLS in 18 currencies, ...
... The CLS System provides a mechanism for the final settlement of payment instructions (relating to underlying FX transactions) across the books of CLS. In order for these payment instructions to settle, Members must satisfy their payment obligations (or “funding obligations”) to CLS in 18 currencies, ...
Sovereign Debt Crises and Credit to the Private Sector
... they charge all the borrowers from the country (Drudi and Giordano, 2000). In fact, in many cases credit rating agencies follow a “sovereign ceiling” practice, according to which no private borrowers can obtain a better rating than their sovereign. Thus, credit would become more expensive for all d ...
... they charge all the borrowers from the country (Drudi and Giordano, 2000). In fact, in many cases credit rating agencies follow a “sovereign ceiling” practice, according to which no private borrowers can obtain a better rating than their sovereign. Thus, credit would become more expensive for all d ...
Gold Standard: The Future for a Stable Global - Hizb ut
... On the 31st of December 2010, Gold ended the year at $1,420 an ounce: up over 30% on the year, and the 10th year in succession in which it grew in dollar terms. Since 1971, when Richard Nixon unilaterally took the world off the Bretton Woods gold standard, gold has appreciated from its then price of ...
... On the 31st of December 2010, Gold ended the year at $1,420 an ounce: up over 30% on the year, and the 10th year in succession in which it grew in dollar terms. Since 1971, when Richard Nixon unilaterally took the world off the Bretton Woods gold standard, gold has appreciated from its then price of ...
Antecedents and actions of export pricing strategy
... The pricing of products in international markets is becoming increasingly difficult for managers due to heightened competition (Cavusgil, 1996), gray market activities (Myers, 1999; Assmus and Wiese, 1995), counter-trade requirements (Cavusgil and Sikora, 1988), regional trading blocs (Weekly, 1992 ...
... The pricing of products in international markets is becoming increasingly difficult for managers due to heightened competition (Cavusgil, 1996), gray market activities (Myers, 1999; Assmus and Wiese, 1995), counter-trade requirements (Cavusgil and Sikora, 1988), regional trading blocs (Weekly, 1992 ...
Poverty Impacts of Government Expenditure from Natural Resource
... absorption occurs through government spending or private spending, and whether or not it is pro-poor, absorption of the foreign exchange inflow can be expected to generate a Dutch disease effect within the domestic economy, which may also have distributional consequences.2 The Dutch disease effect a ...
... absorption occurs through government spending or private spending, and whether or not it is pro-poor, absorption of the foreign exchange inflow can be expected to generate a Dutch disease effect within the domestic economy, which may also have distributional consequences.2 The Dutch disease effect a ...
Restructuring and Development of the Banking Sector in Poland
... whole economy. After almost eleven years of market reforms the banking sectors in transition economies differ considerably from each other and these differences are still growing. Explanations for this indicate mostly to differences in government economic policies and in reform agendas. Other factor ...
... whole economy. After almost eleven years of market reforms the banking sectors in transition economies differ considerably from each other and these differences are still growing. Explanations for this indicate mostly to differences in government economic policies and in reform agendas. Other factor ...
Anatomy of a Bond Futures Contract Delivery Squeeze
... major way. Fifth, in the context of market microstructure literature, we examine whether market depth is adversely affected by the strategic trading behavior of market participants. In this regard, we shed light on how the price of the squeezed bond relates to trading flows of market participants. I ...
... major way. Fifth, in the context of market microstructure literature, we examine whether market depth is adversely affected by the strategic trading behavior of market participants. In this regard, we shed light on how the price of the squeezed bond relates to trading flows of market participants. I ...
payments and securities clearance and settlement systems in
... September 2004, the World Bank launched the Commonwealth of Independent States Payments and Securities Settlement Initiative (CISPI). The CISPI aims to assess and strengthen payments and securities systems in the Commonwealth of Independent States with a view to improving their safety, efficiency an ...
... September 2004, the World Bank launched the Commonwealth of Independent States Payments and Securities Settlement Initiative (CISPI). The CISPI aims to assess and strengthen payments and securities systems in the Commonwealth of Independent States with a view to improving their safety, efficiency an ...
Research and Monetary Policy Department Working Paper No:06/05
... real exchange rate. Since an inflow of capital increases the supply of foreign exchange, the domestic currency tends to appreciate leading to a boost in imports. Along with the enhanced consumption, this development further widens the trade deficit and current account deficit comes up to uncomfortab ...
... real exchange rate. Since an inflow of capital increases the supply of foreign exchange, the domestic currency tends to appreciate leading to a boost in imports. Along with the enhanced consumption, this development further widens the trade deficit and current account deficit comes up to uncomfortab ...
FREE Sample Here
... 39. (p. 31) Faced with increased competition for U.S. businesses in the '80s and early '90s, questions were raised as to how to maintain the competitive strength of American business, how to avoid the domination of U.S. markets by foreign multinationals, and how to __________. A. restructure heavy i ...
... 39. (p. 31) Faced with increased competition for U.S. businesses in the '80s and early '90s, questions were raised as to how to maintain the competitive strength of American business, how to avoid the domination of U.S. markets by foreign multinationals, and how to __________. A. restructure heavy i ...
Informed Trading in Parallel Auction and Dealer Markets
... effective liquidity, the total price impact of the upstairs market is lower than that of the downstairs market. Another model focusing on asymmetric information is proposed by Easley, Kiefer, and O’Hara’s (1996), hereafter, EKO. The authors show that the practice of “cream skimming” by dealers or t ...
... effective liquidity, the total price impact of the upstairs market is lower than that of the downstairs market. Another model focusing on asymmetric information is proposed by Easley, Kiefer, and O’Hara’s (1996), hereafter, EKO. The authors show that the practice of “cream skimming” by dealers or t ...
The Economic Situation in the ECE Region
... declined significantly in the NMS after remaining quite high for a number of years despite rather rapid economic growth. January unemployment was a still fairly low 4.8 per cent in the U.S. although total employment declined during the first two months of 2008. ...
... declined significantly in the NMS after remaining quite high for a number of years despite rather rapid economic growth. January unemployment was a still fairly low 4.8 per cent in the U.S. although total employment declined during the first two months of 2008. ...
Trade Liberalization and Growth: New Evidence
... presenting a comprehensive cross-country database of trade indicators (tariffs, nontariff barriers, and other measures of trade restrictions) and policy liberalization dates for the 1990s. The second goal is to extend the Sachs-Warner empirical results on outward orientation and growth to the 1990s. ...
... presenting a comprehensive cross-country database of trade indicators (tariffs, nontariff barriers, and other measures of trade restrictions) and policy liberalization dates for the 1990s. The second goal is to extend the Sachs-Warner empirical results on outward orientation and growth to the 1990s. ...
working paper)
... These developments imply deep structural changes in the Canadian economy: “In the year 2000, manufacturing accounted for 18% of GDP, not much lower than the share in Germany; by 2013, this dropped to 10%, about the level in Britain and the United States” (The Economist, 2015). Canada is by no means ...
... These developments imply deep structural changes in the Canadian economy: “In the year 2000, manufacturing accounted for 18% of GDP, not much lower than the share in Germany; by 2013, this dropped to 10%, about the level in Britain and the United States” (The Economist, 2015). Canada is by no means ...
Etiqa Insurance Berhad Overall Risk Level Basis of Unit Valuation
... • At any time, we reserve the right to close any fund, or to transfer the investments to a new fund, subject to prior approval by the regulator. In such an event, we will provide 90 days prior written notification. RISK DISCLOSURE The policyholders should consider the following potential risks when ...
... • At any time, we reserve the right to close any fund, or to transfer the investments to a new fund, subject to prior approval by the regulator. In such an event, we will provide 90 days prior written notification. RISK DISCLOSURE The policyholders should consider the following potential risks when ...
Why Did Asian Countries Fare Better during the Global Financial
... global crisis. This is by no means to suggest that Asia was completely immune from the global crisis, even in the short run. In particular, the crisis left a tangible mark on the region’s real economy, primarily through the trade channel. Asia’s exports and growth plummeted in the fourth quarter of ...
... global crisis. This is by no means to suggest that Asia was completely immune from the global crisis, even in the short run. In particular, the crisis left a tangible mark on the region’s real economy, primarily through the trade channel. Asia’s exports and growth plummeted in the fourth quarter of ...
FINAL NOTICE: Michael Coscia
... 7. Mr Coscia is an experienced market participant with 25 years’ trading experience. Mr Coscia is not a member of ICE or an approved person and traded from the United States through a Direct Market Access provider 2. This Notice is concerned with trading by Mr Coscia which was conducted on his own p ...
... 7. Mr Coscia is an experienced market participant with 25 years’ trading experience. Mr Coscia is not a member of ICE or an approved person and traded from the United States through a Direct Market Access provider 2. This Notice is concerned with trading by Mr Coscia which was conducted on his own p ...
International Investment Position: A Guide to Data Sources, IMF
... The International Investment Position: A Guide to Data Sources has been prepared to assist national compilers in the development of international investment position statistics. Recent financial crises have underscored the importance of timely information on countries’ external asset and liability p ...
... The International Investment Position: A Guide to Data Sources has been prepared to assist national compilers in the development of international investment position statistics. Recent financial crises have underscored the importance of timely information on countries’ external asset and liability p ...
INCORPORATING MONEY STOCKS INTO THE TEMPORAL
... that they are in an ongoing situation of borrowing from rentiers. We assume at the end of production at t A productive capitalists must pay their due loans to A rentiers λD£At, equal to the loan lent by A rentiers at the end of production at t-1 plus interest λD£At = (1+i£At)λL£At-1. They are preci ...
... that they are in an ongoing situation of borrowing from rentiers. We assume at the end of production at t A productive capitalists must pay their due loans to A rentiers λD£At, equal to the loan lent by A rentiers at the end of production at t-1 plus interest λD£At = (1+i£At)λL£At-1. They are preci ...
Central, Eastern, and Southeastern Europe
... In contrast, the Russian economy went through a sharp contraction last year amid plunging oil prices and sanctions. Other CIS countries were hurt by domestic political and financial woes, as well as by weak demand from Russia. In 2016, output contraction is projected to moderate to around 1½ percent ...
... In contrast, the Russian economy went through a sharp contraction last year amid plunging oil prices and sanctions. Other CIS countries were hurt by domestic political and financial woes, as well as by weak demand from Russia. In 2016, output contraction is projected to moderate to around 1½ percent ...
Eggen_Fernanda - DUO
... similarities to the Great Depression. Firstly, both erupted in the United States and affected the world through trade flows, capital flows and commodity prices. Secondly, both crises emerged after a period of declining lending standards leading to large realestate booms. This was in both cases follo ...
... similarities to the Great Depression. Firstly, both erupted in the United States and affected the world through trade flows, capital flows and commodity prices. Secondly, both crises emerged after a period of declining lending standards leading to large realestate booms. This was in both cases follo ...
early warning indicators for developed countries - ECB
... At first glance, the literature on early warning indicators of economic crises might seem extensive. A number of influential studies look, for example, at currency and twin crises in emerging economies and at debt and banking crises in large cross-country data sets. However, studies focusing on earl ...
... At first glance, the literature on early warning indicators of economic crises might seem extensive. A number of influential studies look, for example, at currency and twin crises in emerging economies and at debt and banking crises in large cross-country data sets. However, studies focusing on earl ...
PDF
... Foreign direct investment (FDI) is a kind of capital movement across national frontiers that give the investor control over the acquired foreign asset. More specifically, FDI in the US is ownership or control, direct and indirect, by one foreign person, of 10% or more of the voting securities of a U ...
... Foreign direct investment (FDI) is a kind of capital movement across national frontiers that give the investor control over the acquired foreign asset. More specifically, FDI in the US is ownership or control, direct and indirect, by one foreign person, of 10% or more of the voting securities of a U ...