Key Issues in Monetary and External Sector Policies
... of capital flows Overheating of the economy Excessive expansion of aggregate demand with inflationary pressures, real exchange rate appreciation, widening ...
... of capital flows Overheating of the economy Excessive expansion of aggregate demand with inflationary pressures, real exchange rate appreciation, widening ...
Macroprudential policies, the long
... had taken care of that. The Bank’s task was to avoid financial crises and, when crises did threaten, to limit the systemic impact of any bank failure. Many other central banks also saw their job in such terms: for instance, Rotemberg (2014) has pointed out that the goal of Federal Reserve monetary p ...
... had taken care of that. The Bank’s task was to avoid financial crises and, when crises did threaten, to limit the systemic impact of any bank failure. Many other central banks also saw their job in such terms: for instance, Rotemberg (2014) has pointed out that the goal of Federal Reserve monetary p ...
Abstract
... argue that the disciplining factors of bank risk taking include regulatory discipline, bank self discipline (charter value), and market discipline. Indeed, a number of studies have examined the role of market discipline in controlling bank risk and market discipline is one of the three pillars in th ...
... argue that the disciplining factors of bank risk taking include regulatory discipline, bank self discipline (charter value), and market discipline. Indeed, a number of studies have examined the role of market discipline in controlling bank risk and market discipline is one of the three pillars in th ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER Macroeconomics Annual 201
... Xavier Gabaix argued that the authors’ treatment of monetary policy volatility might be too focused on the United States and that a more symmetrical model could use monetary policy shocks overseas to distinguish between country- specific shocks and the type of global financial shocks described by Fl ...
... Xavier Gabaix argued that the authors’ treatment of monetary policy volatility might be too focused on the United States and that a more symmetrical model could use monetary policy shocks overseas to distinguish between country- specific shocks and the type of global financial shocks described by Fl ...
Supporting - System Dynamics Society
... equity to the desired level, they usually reinvest their profits or attract new shareholders. Assuming that profits are received on deposit accounts due to bonds and loans repayments, and that potential shareholders are keeping their resources in the form of deposits, the growth of equity will decre ...
... equity to the desired level, they usually reinvest their profits or attract new shareholders. Assuming that profits are received on deposit accounts due to bonds and loans repayments, and that potential shareholders are keeping their resources in the form of deposits, the growth of equity will decre ...
-1- Benjamin J. Cohen
... and mediated through domestic political institutions; and only then, finally, moving outward to the international stage where states maneuver or bargain to influence outcomes. For many scholars working in the problem-solving tradition, nothing is more important than to understand the role of domesti ...
... and mediated through domestic political institutions; and only then, finally, moving outward to the international stage where states maneuver or bargain to influence outcomes. For many scholars working in the problem-solving tradition, nothing is more important than to understand the role of domesti ...
NBER WORKING PAPER SERIES HEDGING AND FINANCIAL EXCHANGE RATE REGIMES Martin Eichenbaum
... sources of data for doing this: the Bank of International Settlements (BIS) and the International Financial Statistics (IFS). An important advantage of the BIS data is that it is based on reports from major OECD banks. To the extent that accounting standards for banks in OECD countries are more stan ...
... sources of data for doing this: the Bank of International Settlements (BIS) and the International Financial Statistics (IFS). An important advantage of the BIS data is that it is based on reports from major OECD banks. To the extent that accounting standards for banks in OECD countries are more stan ...
Dubravko Radosevic PEAC Final version Brussels
... at international capital markets on external loans, enabled „carry trade“ to foreign banks, and led to rising external debt. 1.3. European monetary union and debt crisis In a nutshell, both countries (Croatia and Slovenia) were exposed to „external debt trap“, where the main source of vulnerabilitie ...
... at international capital markets on external loans, enabled „carry trade“ to foreign banks, and led to rising external debt. 1.3. European monetary union and debt crisis In a nutshell, both countries (Croatia and Slovenia) were exposed to „external debt trap“, where the main source of vulnerabilitie ...
Financial Reform and Development in the Philippines, 1980
... securities and bond markets grow in importance, although not to the same degree as banks (see Stiglitz, 1989). In short, financial development is a long process of building institutions, deepening information base and analytic capacities, and developing niches in value creation in financial services ...
... securities and bond markets grow in importance, although not to the same degree as banks (see Stiglitz, 1989). In short, financial development is a long process of building institutions, deepening information base and analytic capacities, and developing niches in value creation in financial services ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Exchange Rate Theory and Practice
... allowed to affect the level of bank credit under this regime. Although the level of M2 will rise or fall with the balance of payments, the primary tool of monetary control is not directly undermined by the international flows. This contrasts sharply with the situation in model 1 under a pegged excha ...
... allowed to affect the level of bank credit under this regime. Although the level of M2 will rise or fall with the balance of payments, the primary tool of monetary control is not directly undermined by the international flows. This contrasts sharply with the situation in model 1 under a pegged excha ...
2004 m
... Subject Outline: This course gives a brief overview of the movement towards the creation of an Economic and Monetary Union. It also deals with theoretical considerations of the pros and cons of the creation of the common currency area and its impact on social welfare states, European models of socie ...
... Subject Outline: This course gives a brief overview of the movement towards the creation of an Economic and Monetary Union. It also deals with theoretical considerations of the pros and cons of the creation of the common currency area and its impact on social welfare states, European models of socie ...
Research on U.S. Monetary Policy Shocks on Foreign Trade of
... trade, international investment and exchange rate, transmit to other countries and affect their economy, namely international spillover of monetary policy. Many scholars have carried out theoretical analysis and empirical tests about international transmission and spillover effects of monetary polic ...
... trade, international investment and exchange rate, transmit to other countries and affect their economy, namely international spillover of monetary policy. Many scholars have carried out theoretical analysis and empirical tests about international transmission and spillover effects of monetary polic ...
Legal and Institutional Aspects of the International Monetary System
... procedures, had to adjust to the new system and the simplicity of the rule of law prescribing the par value standard. The book demonstrates that a complete description of the three elements (the international monetary system, the IMF, and international monetary law) is like analyzing three Boulian l ...
... procedures, had to adjust to the new system and the simplicity of the rule of law prescribing the par value standard. The book demonstrates that a complete description of the three elements (the international monetary system, the IMF, and international monetary law) is like analyzing three Boulian l ...
N F O M
... money must be predictable. Specifically, agents must know not only the fact that this kind of money has been and remains in use; they need to be sure that this usability will remain for some time in the future. The critical element of this future usability is the ability of the agents to expect that ...
... money must be predictable. Specifically, agents must know not only the fact that this kind of money has been and remains in use; they need to be sure that this usability will remain for some time in the future. The critical element of this future usability is the ability of the agents to expect that ...
01/2016 Hasan Cömert Abstract Central Banking in Developing Countries after
... principles of inflation targeting was based on transparency, a hands off approach with respect to exchange rates was deemed indispensable in order not to confuse public’s perceptions of the central bank’s intentions. The case for flexible exchange rates was also promoted by currency crises that occu ...
... principles of inflation targeting was based on transparency, a hands off approach with respect to exchange rates was deemed indispensable in order not to confuse public’s perceptions of the central bank’s intentions. The case for flexible exchange rates was also promoted by currency crises that occu ...
Monetary Policy and Green Finance
... Since the end of the Bretton Woods system in 1971, the IMS has become increasingly decentralized. With the United States suspending the convertibility of the U.S. dollar into gold in 1971, the Bretton Woods system came to an end. The U.S. dollar became a pure fiat currency, and a new era started in ...
... Since the end of the Bretton Woods system in 1971, the IMS has become increasingly decentralized. With the United States suspending the convertibility of the U.S. dollar into gold in 1971, the Bretton Woods system came to an end. The U.S. dollar became a pure fiat currency, and a new era started in ...
Monetary policy in Vietnam: the case of a transition country
... currency deposits has decreased from 41% in 2000 to 30% in 2004. With an interest differential of currently 4 to 5% in favour of dong deposits and stable exchange rates, people tend to keep their money in domestic currency denominated deposits. The share of foreign currency loans instead increased s ...
... currency deposits has decreased from 41% in 2000 to 30% in 2004. With an interest differential of currently 4 to 5% in favour of dong deposits and stable exchange rates, people tend to keep their money in domestic currency denominated deposits. The share of foreign currency loans instead increased s ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... at the Graduate School of Business, Columbia University, and a research associate of the National Bureau of Economic Reserarch The views expressed here are my own and are not necessarily those of Columbia University or the National Bureau of Economic Research. For acknowledgments, sources of researc ...
... at the Graduate School of Business, Columbia University, and a research associate of the National Bureau of Economic Reserarch The views expressed here are my own and are not necessarily those of Columbia University or the National Bureau of Economic Research. For acknowledgments, sources of researc ...
Global Imbalances and the Transition to a Symmetric World
... the severe economic and financial crisis that hit the region in 1997. Subsequently, these countries increasingly became positive net savers. According to Wolf (2008), it was precisely the Asian crisis at the end of the 1990s that induced countries to switch their development strategies from a model ...
... the severe economic and financial crisis that hit the region in 1997. Subsequently, these countries increasingly became positive net savers. According to Wolf (2008), it was precisely the Asian crisis at the end of the 1990s that induced countries to switch their development strategies from a model ...
Bank lending and loan quality: the case of India
... share of total financial assets and being closely inter-linked with other constituents of the financial system, the analysis in this paper provides broad reflections about the stability of the Indian financial system as a whole.2 India offers an interesting case study of loan quality for reasons tha ...
... share of total financial assets and being closely inter-linked with other constituents of the financial system, the analysis in this paper provides broad reflections about the stability of the Indian financial system as a whole.2 India offers an interesting case study of loan quality for reasons tha ...
The role of bank loans and deposits in the monetary transmission
... The financial system experienced a rapid growth in tandem with the robust economic performance during 1976-1996. By the end of 2006, the total assets of the financial system was about equal to the GDP of the country and it was RM2,091.2 or US$ 635 billion compared to RM329.3 billion in 1990 and RM74 ...
... The financial system experienced a rapid growth in tandem with the robust economic performance during 1976-1996. By the end of 2006, the total assets of the financial system was about equal to the GDP of the country and it was RM2,091.2 or US$ 635 billion compared to RM329.3 billion in 1990 and RM74 ...
Indonesia: Global Spillover and Policy Response
... commodity prices pushed down the Indonesia growth to moderate at average of 5.2% in 2013-2015 (Table 1). These favorable growth performances have been mostly driven by domestic consumption and investment. Export showed strong performance in 2010 and 2011, with growth of 15.3% and 13.6%, respectivel ...
... commodity prices pushed down the Indonesia growth to moderate at average of 5.2% in 2013-2015 (Table 1). These favorable growth performances have been mostly driven by domestic consumption and investment. Export showed strong performance in 2010 and 2011, with growth of 15.3% and 13.6%, respectivel ...
DOCX - World bank documents
... 65% of total assets in the banking system. They also account for two-thirds of total deposits and provide 60 percent of total credit. Their dominance is particularly higher in sectors targeted by government programs, including agriculture, housing, and manufacturing. The public banks play an importa ...
... 65% of total assets in the banking system. They also account for two-thirds of total deposits and provide 60 percent of total credit. Their dominance is particularly higher in sectors targeted by government programs, including agriculture, housing, and manufacturing. The public banks play an importa ...
FINANCIAL MARKET REFORM by
... for banking institutions that have demandable deposits and private loans which are difficult for depositors to monitor. Without a safety net, a bad shock to the economy can cause depositors to withdraw funds not only from insolvent banks but also from healthy institutions because asymmetric informa ...
... for banking institutions that have demandable deposits and private loans which are difficult for depositors to monitor. Without a safety net, a bad shock to the economy can cause depositors to withdraw funds not only from insolvent banks but also from healthy institutions because asymmetric informa ...
Evaluating the international monetary system and the availability to
... collapsed and faded by the beginning of World War I. Further, by the end of World War II, and as an alternative to the gold standard, the world turned to Bretton Woods international monetary system with the behest of the United States of America. Through this system, the U.S. dollar was given the le ...
... collapsed and faded by the beginning of World War I. Further, by the end of World War II, and as an alternative to the gold standard, the world turned to Bretton Woods international monetary system with the behest of the United States of America. Through this system, the U.S. dollar was given the le ...
Bank for International Settlements
The Bank for International Settlements (BIS; French: Banque des règlements internationaux, BRI) is an international company limited by shares owned by central banks which ""fosters international monetary and financial cooperation and serves as a bank for central banks"".The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.