CLS Bank International - Financial Stability Board
... stand back from providing liquidity - and existing creditors may be motivated to run – if there is a lack of confidence stemming from uncertainty concerning the G-SIB’s ability to meet its increased liquidity needs while in resolution.” As suggested in Section 1 of the Consultative Document, a commu ...
... stand back from providing liquidity - and existing creditors may be motivated to run – if there is a lack of confidence stemming from uncertainty concerning the G-SIB’s ability to meet its increased liquidity needs while in resolution.” As suggested in Section 1 of the Consultative Document, a commu ...
NBER WORKING PAPER SERIES SUSTAINABILITY AND ITS MEASUREMENT Geoffrey Heal Working Paper 17008
... last thirty years. However the implications of this for the wellbeing of the average citizen are far from unambiguous.6 It also shows the US and Germany as being far richer than the rest, and shows very clearly that Botswana is much richer – in GDP terms at least – than China or India. If we mo ...
... last thirty years. However the implications of this for the wellbeing of the average citizen are far from unambiguous.6 It also shows the US and Germany as being far richer than the rest, and shows very clearly that Botswana is much richer – in GDP terms at least – than China or India. If we mo ...
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... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
© Economics Online 2011
... people are directly ‘supported’ by inward investment. Overseas firms account for around 40% of the top 100 UK exporters. Source – HSBC, 2005 © Economics Online 2011 ...
... people are directly ‘supported’ by inward investment. Overseas firms account for around 40% of the top 100 UK exporters. Source – HSBC, 2005 © Economics Online 2011 ...
BIS 85th Annual Report - June 2015
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
Winston Moore - Inter-American Development Bank
... 2004: Computing in Economics and Finance 2004, Society for Computational Economics, University of Amsterdam, The Netherlands. 2001: CCMS Monetary Studies Conference, Kingston, Jamaica. REFEREE ACTIVITY Applied Economics, Applied Financial Economics, International Review of Applied Economics, Journal ...
... 2004: Computing in Economics and Finance 2004, Society for Computational Economics, University of Amsterdam, The Netherlands. 2001: CCMS Monetary Studies Conference, Kingston, Jamaica. REFEREE ACTIVITY Applied Economics, Applied Financial Economics, International Review of Applied Economics, Journal ...
Thesis: “A TIME SERIES ANALYSIS OF THE ZAR/USD EXCHANGE
... and, according to a 2013 Goldman Sachs report, that number increases to 35% when including people who have given up looking for work. Moreover, a quarter of South Africans live on less than US $1.25 a day. Poverty also remains a major problem. The high levels of unemployment and inequality are consi ...
... and, according to a 2013 Goldman Sachs report, that number increases to 35% when including people who have given up looking for work. Moreover, a quarter of South Africans live on less than US $1.25 a day. Poverty also remains a major problem. The high levels of unemployment and inequality are consi ...
The IMF and Poor Countries
... income developing countries. It is his African region that includes the greatest concentration of poor countries. His results show that, as a percentage of GDP, African countries have tended to have the highest mean current account deficit over 1970-2001. However, only 7 of the 49 African countries ...
... income developing countries. It is his African region that includes the greatest concentration of poor countries. His results show that, as a percentage of GDP, African countries have tended to have the highest mean current account deficit over 1970-2001. However, only 7 of the 49 African countries ...
Juha Tervala Learning by Devaluating
... emphasises supply-side effects that come from the presence of technical progress through learning by doing (LBD). 1 He argues that “[i]f the level of total factor productivity depends on past levels of output, then a fall in output today, due to, say, a loss in competitiveness, will lower productivi ...
... emphasises supply-side effects that come from the presence of technical progress through learning by doing (LBD). 1 He argues that “[i]f the level of total factor productivity depends on past levels of output, then a fall in output today, due to, say, a loss in competitiveness, will lower productivi ...
Regulation Setting, Calculating and Maintaining Overall Open
... d) Currency Swap - two foreign exchange deals between two participants, made in the same currency and at one and the same time (during the course of one business day), but with different delivery dates and different exchange trade rates; e) Currency Option - the right to trade foreign currency, gran ...
... d) Currency Swap - two foreign exchange deals between two participants, made in the same currency and at one and the same time (during the course of one business day), but with different delivery dates and different exchange trade rates; e) Currency Option - the right to trade foreign currency, gran ...
ABB LTD (Form: 6-K, Received: 09/11/2015 10:44:22)
... peers. The goal is to further transform towards a leading operating model with business processes more focused on customer needs, compensation tied more closely to performance and the development of a true performance culture. This is being supported through focused 1,000-day programs to drive white ...
... peers. The goal is to further transform towards a leading operating model with business processes more focused on customer needs, compensation tied more closely to performance and the development of a true performance culture. This is being supported through focused 1,000-day programs to drive white ...
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... on euro adoption. Countries like the Czech Republic have been close to meeting the convergence criteria but have waivered—initially being more positive, but then for clearly political reasons becoming more opposed to euro adoption, without any change attributable to macroeconomic conditions. Much mo ...
... on euro adoption. Countries like the Czech Republic have been close to meeting the convergence criteria but have waivered—initially being more positive, but then for clearly political reasons becoming more opposed to euro adoption, without any change attributable to macroeconomic conditions. Much mo ...
NBER WORKING PAPER SERIES BANK-BASED OR MARKET-BASED FINANCIAL SYSTEMS: WHICH IS BETTER?
... easing takeovers and making it easier to tie managerial compensation to firm performance (Jensen and Murphy, 1990), and (iii) facilitating risk management (Levine, 1991; Obstfeld, 1994). Moreover, the market-based view stresses problems with banks. Specifically, powerful banks can stymie innovation ...
... easing takeovers and making it easier to tie managerial compensation to firm performance (Jensen and Murphy, 1990), and (iii) facilitating risk management (Levine, 1991; Obstfeld, 1994). Moreover, the market-based view stresses problems with banks. Specifically, powerful banks can stymie innovation ...
AbootalebiShahrooz1979
... of diverse accounting procedures for transactions in different currencies where there is not a continuing stable relationship between the currencies. Due to the slowly changing currency rate among industrial countries,prior to World War II, accounting for foreign currency translations did not receiv ...
... of diverse accounting procedures for transactions in different currencies where there is not a continuing stable relationship between the currencies. Due to the slowly changing currency rate among industrial countries,prior to World War II, accounting for foreign currency translations did not receiv ...
3. Composite indicator and the probability of a crisis - Hal-SHS
... and contracts afterwards. Banking system collapses often coincide with the onset of a currency crisis. For example, the biggest difference between Russia and other Eastern European countries was the role of the banking system. In the former, credits have continued to be inefficiently directed toward ...
... and contracts afterwards. Banking system collapses often coincide with the onset of a currency crisis. For example, the biggest difference between Russia and other Eastern European countries was the role of the banking system. In the former, credits have continued to be inefficiently directed toward ...
NBER WORKING PAPER SERIES OFFSET AND STERILIZATION UNDER FIXED EXCHANGE
... effects on the German monetary base of its foreign exchange interventions (a sterilization coefficient greater than one in absolute value). The results of Obstfeld (1983) and Neumann (1984) do not confirm this "punishment" hypothesis; however, they provide ample evidence that sterilization of reserv ...
... effects on the German monetary base of its foreign exchange interventions (a sterilization coefficient greater than one in absolute value). The results of Obstfeld (1983) and Neumann (1984) do not confirm this "punishment" hypothesis; however, they provide ample evidence that sterilization of reserv ...
foreign exchange risk
... Consider the case of Dell Inc., which operates assembly plants for its computers within the United States as well as in Ireland, Malaysia, China, and Brazil; runs offices and call centers in several other countries; and markets its products in more than 100 countries. Dells currency problems are evi ...
... Consider the case of Dell Inc., which operates assembly plants for its computers within the United States as well as in Ireland, Malaysia, China, and Brazil; runs offices and call centers in several other countries; and markets its products in more than 100 countries. Dells currency problems are evi ...
On the Relation between Capital Flows and the Current
... their sample period misses the period of increased financial market integration, due to which capital flows have been rapidly growing (Lane 2013). Therefore we could expect the opposite finding from Fry et al. (1995): with positive growth expectations and less uncertainty during business cycle ups, ...
... their sample period misses the period of increased financial market integration, due to which capital flows have been rapidly growing (Lane 2013). Therefore we could expect the opposite finding from Fry et al. (1995): with positive growth expectations and less uncertainty during business cycle ups, ...
the short-term effect of economic releases on the exchange rate
... adjust within the first minute of the macroeconomic announcement release. Also, the emergence of powerful algorithms used in trading can dissect the new information from the market automatically and instantly, which should also be reflected in rapid responses. ...
... adjust within the first minute of the macroeconomic announcement release. Also, the emergence of powerful algorithms used in trading can dissect the new information from the market automatically and instantly, which should also be reflected in rapid responses. ...
Uncleared margin rules: Currency investors brace for change
... average daily volume of $5.1 trillion.1 Participants in this market include corporations, pension funds, financial institutions, central banks and many others. Historically, most pension funds and certain pooled funds, which are referred to as “real money” accounts, have not been required to collate ...
... average daily volume of $5.1 trillion.1 Participants in this market include corporations, pension funds, financial institutions, central banks and many others. Historically, most pension funds and certain pooled funds, which are referred to as “real money” accounts, have not been required to collate ...
an evaluation of monetary policy instruments in achieving monetary
... For most countries, the maintenance of price stability continues to be the overriding objective of monetary policy. The emphasis given to price stability in the conduct of monetary policy is with a view to promoting sustainable growth and development as well as strengthening the purchasing power of ...
... For most countries, the maintenance of price stability continues to be the overriding objective of monetary policy. The emphasis given to price stability in the conduct of monetary policy is with a view to promoting sustainable growth and development as well as strengthening the purchasing power of ...
A Balance Sheet Approach to Financial Crisis - Mark Allen
... 1. Thailand: Intersectoral Asset and Liability Position End of December 1996 .....................51 2. Thailand: Intersectoral Asset and Liability Position End of June 1997...............................52 ...
... 1. Thailand: Intersectoral Asset and Liability Position End of December 1996 .....................51 2. Thailand: Intersectoral Asset and Liability Position End of June 1997...............................52 ...
Working Paper 23 – Will Asymmetric Shocks Pose a Serious
... Stage Three of Economic and Monetary Union (EMU) would start on January 1, 1999. The preparations required for the establishment of the European System of Central Banks (ESCB) and for the conduct of a single monetary policy are well under way. The changeover to the euro will complete the process of ...
... Stage Three of Economic and Monetary Union (EMU) would start on January 1, 1999. The preparations required for the establishment of the European System of Central Banks (ESCB) and for the conduct of a single monetary policy are well under way. The changeover to the euro will complete the process of ...
Stock Market Statistics.qxd
... approximately 800-1000 key financial series for 60+ industrialized and leading emerging markets countries. Global Financial - Expanded: In addition to the coverage provided by the basic package, this includes 200+ countries for the following concepts: comprehensive listing of index benchmarks for bo ...
... approximately 800-1000 key financial series for 60+ industrialized and leading emerging markets countries. Global Financial - Expanded: In addition to the coverage provided by the basic package, this includes 200+ countries for the following concepts: comprehensive listing of index benchmarks for bo ...
Collateral Damage: Dollar Strength and Emerging Markets
... We document, using data for 1970–2014, that during periods of U.S. dollar appreciation, real GDP growth in emerging markets slows down. Symmetrically, U.S. dollar depreciations are associated with growth in emerging markets. We argue that the role of the multilateral value of the dollar can be direc ...
... We document, using data for 1970–2014, that during periods of U.S. dollar appreciation, real GDP growth in emerging markets slows down. Symmetrically, U.S. dollar depreciations are associated with growth in emerging markets. We argue that the role of the multilateral value of the dollar can be direc ...
International monetary systems
International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. The systems can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, they can arise from a single architectural vision as happened at Bretton Woods in 1944.