Fix What Broke: Building an Orderly and Ethical International Monetary System Judy Shelton
... productivity, high average wages and high consumption. The International Monetary Fund (IMF) officially commenced operations on March 1, 1947, launching a gold exchange standard based on a U.S. dollar convertible into gold at the rate of $35 per ounce. The Marshall Plan would be implemented the foll ...
... productivity, high average wages and high consumption. The International Monetary Fund (IMF) officially commenced operations on March 1, 1947, launching a gold exchange standard based on a U.S. dollar convertible into gold at the rate of $35 per ounce. The Marshall Plan would be implemented the foll ...
understanding monetary policy series no 24 how central
... In this series, public policy makers, policy analysts, businessmen, politicians, public sector administrators and other professionals, who are keen to learn the basic concepts of monetary policy and some technical aspects of central banking and their applications, would be treated to a menu of key m ...
... In this series, public policy makers, policy analysts, businessmen, politicians, public sector administrators and other professionals, who are keen to learn the basic concepts of monetary policy and some technical aspects of central banking and their applications, would be treated to a menu of key m ...
No Slide Title
... Incidence of both types of crises increased sharply since the early 1980s. Average number per year of banking crises in the sample rose from 0.3 during 1970-79 to 1.4 in 1980-95. Banking crises are identified by an event: either a bank run, or in the absence of a run, the closure, merging, takeover, ...
... Incidence of both types of crises increased sharply since the early 1980s. Average number per year of banking crises in the sample rose from 0.3 during 1970-79 to 1.4 in 1980-95. Banking crises are identified by an event: either a bank run, or in the absence of a run, the closure, merging, takeover, ...
Does Financial Integration Make Banks More Vulnerable
... of the positive repercussions of their own efforts on the systemic stability of the European banking system. Therefore, a more integrated banking system could see an increase in efforts undertaken by private banks and not, as some fear, lower efforts. The same effect can also be at work with regard ...
... of the positive repercussions of their own efforts on the systemic stability of the European banking system. Therefore, a more integrated banking system could see an increase in efforts undertaken by private banks and not, as some fear, lower efforts. The same effect can also be at work with regard ...
International monetary system in the second half of XXth century and
... Cooper was an assistant professor at Yale University from 1963 to 1966 and was Professor of International Economics from 1966 to 1977. Cooper served on the Council of Economic Advisers as the senior staff economist. He also served as Deputy Assistant Secretary of State for International Monetary Aff ...
... Cooper was an assistant professor at Yale University from 1963 to 1966 and was Professor of International Economics from 1966 to 1977. Cooper served on the Council of Economic Advisers as the senior staff economist. He also served as Deputy Assistant Secretary of State for International Monetary Aff ...
International Capital Flows and Domestic Financial Conditions: Lessons for Emerging Asia
... such cross-border liabilities may be visible on bank balance sheets; in part, these may be obscured by the use of derivative products and special purpose vehicles that do not appear on the balance sheet. Furthermore, in the case of multi-country banking groups, intra-group cross-border ‡ows are an i ...
... such cross-border liabilities may be visible on bank balance sheets; in part, these may be obscured by the use of derivative products and special purpose vehicles that do not appear on the balance sheet. Furthermore, in the case of multi-country banking groups, intra-group cross-border ‡ows are an i ...
The Experience of Mauritius with the Lombard Rate
... interest rate differential with the major international reserve currencies, adjusted for the appreciation or depreciation of the domestic currency exchange rate. Implementing the New Framework Implementation of a new framework is never easy. Frequent dialogue and information meetings with the commer ...
... interest rate differential with the major international reserve currencies, adjusted for the appreciation or depreciation of the domestic currency exchange rate. Implementing the New Framework Implementation of a new framework is never easy. Frequent dialogue and information meetings with the commer ...
Bulletin Reserve Bank of New Zealand Documenting the goals for
... considerations around them in a similar way to, say, New ...
... considerations around them in a similar way to, say, New ...
PDF
... 1997. In July 1997, when Thailand floated the baht, Bank Indonesia widened the rupiah trading band from 8 percent to 12 percent, but the attack on the currency became relentless. Since the rupiah was freely floated on August 14, 1997, its exchange rate with the US dollar jumped to over 10,000 to in ...
... 1997. In July 1997, when Thailand floated the baht, Bank Indonesia widened the rupiah trading band from 8 percent to 12 percent, but the attack on the currency became relentless. Since the rupiah was freely floated on August 14, 1997, its exchange rate with the US dollar jumped to over 10,000 to in ...
An International Rule System to Avoid Financial Instability
... Lynch to Bank of America; the bankruptcy of Lehman Brothers and of more than ten US banks; the disappearance of the concept of investment banks in the US; the nationalization of Fannie Mae and Freddie Mac; the US government taking over the American Insurance Group; the 700 billion US bail out plan i ...
... Lynch to Bank of America; the bankruptcy of Lehman Brothers and of more than ten US banks; the disappearance of the concept of investment banks in the US; the nationalization of Fannie Mae and Freddie Mac; the US government taking over the American Insurance Group; the 700 billion US bail out plan i ...
Understanding Financial Crises.
... – Japanese banking regulators had eased restrictions on Japanese banks abroad – Nordic banking regulators had eased restrictions on domestic banks borrowing abroad – Loans to Nordic borrowers fueled the bubbles – Banks failed ...
... – Japanese banking regulators had eased restrictions on Japanese banks abroad – Nordic banking regulators had eased restrictions on domestic banks borrowing abroad – Loans to Nordic borrowers fueled the bubbles – Banks failed ...
Brazilian Banking Behavior and Brazilian Economy
... advantage of the high rates of interest and the conditions in which the government has managed its internal debt. But at the same time, the banking strategies are determinant of the current phase since portfolio allocation has been dominated by short-termist behaviour and high liquidity preference w ...
... advantage of the high rates of interest and the conditions in which the government has managed its internal debt. But at the same time, the banking strategies are determinant of the current phase since portfolio allocation has been dominated by short-termist behaviour and high liquidity preference w ...
The Currency Blocks: The Euro Zone and the CFA Franc
... to achieve further convergence of national policies and by the creation of a temporary entity, the European Monetary Institute (EMI), was to encourage the coordination of macroeconomic policies and plan the transition to a monetary union. If a majority of countries met the preconditions for unificat ...
... to achieve further convergence of national policies and by the creation of a temporary entity, the European Monetary Institute (EMI), was to encourage the coordination of macroeconomic policies and plan the transition to a monetary union. If a majority of countries met the preconditions for unificat ...
Financial and monetary policies in Ghana: A review of
... speed up the cheque clearing system, the Bank of Ghana in 2009 introduced the Cheque Codeline Clearing (CCC) in Accra with the cheque truncation system and this was later extended to other parts of the country. This made the cheque clearing process less cumbersome by reducing the clearing cycle to 2 ...
... speed up the cheque clearing system, the Bank of Ghana in 2009 introduced the Cheque Codeline Clearing (CCC) in Accra with the cheque truncation system and this was later extended to other parts of the country. This made the cheque clearing process less cumbersome by reducing the clearing cycle to 2 ...
This PDF is a selection from a published volume from... Research Volume Title: International Dimensions of Monetary Policy
... Paolo Pesenti is vice president and head of the International Research Function at the Federal Reserve Bank of New York and a research associate at the NBER. ...
... Paolo Pesenti is vice president and head of the International Research Function at the Federal Reserve Bank of New York and a research associate at the NBER. ...
1 FINANCIAL POLICIES AND THE BANKING SYSTEM IN ZAMBIA
... during 1981-89 averaging more than 50 per cent of its capital and reserves and around 2.5 per cent of total assets.4 It also had a good reputation among bankers: it was regarded as well managed with bad debts believed to be a small share of total loans (Harvey 1993: 10-11). The foreign banks were wi ...
... during 1981-89 averaging more than 50 per cent of its capital and reserves and around 2.5 per cent of total assets.4 It also had a good reputation among bankers: it was regarded as well managed with bad debts believed to be a small share of total loans (Harvey 1993: 10-11). The foreign banks were wi ...
OMFIF-Bulletin-Octob..
... entral bankers responded to the global financial crisis with a mix of unconventional policies, including negative rates and asset purchases. Addressing September’s OMFIF main meeting in Rome, Banca d’Italia Governor Ignazio Visco noted that such policies helped cushion the initial shock, and that bo ...
... entral bankers responded to the global financial crisis with a mix of unconventional policies, including negative rates and asset purchases. Addressing September’s OMFIF main meeting in Rome, Banca d’Italia Governor Ignazio Visco noted that such policies helped cushion the initial shock, and that bo ...
DEPFA Pfandbrief Bank International S.A.
... To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw, or suspend such acknowledgement at any time and in its sole discretion. S&P Parties ...
... To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw, or suspend such acknowledgement at any time and in its sole discretion. S&P Parties ...
Foreign Banks in the CESE Countries
... contagion in a crisis. In contrast, banks in the Central East European (CEE) subregion rely more on local funding from customer deposits and, thus, they argue are less prone to contagion. Their work indicates the importance of including a variable to capture the funding structure of individual banks ...
... contagion in a crisis. In contrast, banks in the Central East European (CEE) subregion rely more on local funding from customer deposits and, thus, they argue are less prone to contagion. Their work indicates the importance of including a variable to capture the funding structure of individual banks ...
Reforming the Transmission Mechanism of Monetary Policy in China
... credit ceiling once imposed on commercial banks is eliminated, new intermediate target system has been established which bases on monetary base as operating target and money supply as target of effect. On the other hand, open market operations have replaced central bank lending and become primary ch ...
... credit ceiling once imposed on commercial banks is eliminated, new intermediate target system has been established which bases on monetary base as operating target and money supply as target of effect. On the other hand, open market operations have replaced central bank lending and become primary ch ...
PBOC Monetary Policy Reform
... final step towards full interest rate liberalisation on 23 October this year by lifting the deposit rate ceiling once and for all. Before this development, banks were free to set their own lending rates but were only allowed to set deposit rates that were up to 50% above the benchmark rate. The cent ...
... final step towards full interest rate liberalisation on 23 October this year by lifting the deposit rate ceiling once and for all. Before this development, banks were free to set their own lending rates but were only allowed to set deposit rates that were up to 50% above the benchmark rate. The cent ...
The new BIS effective exchange rate indices
... The OECD publishes statistics on trade in services for 28 economies (27 OECD member countries and Hong Kong) from 1999. However, the geographical coverage is not as extensive as for merchandise trade. ...
... The OECD publishes statistics on trade in services for 28 economies (27 OECD member countries and Hong Kong) from 1999. However, the geographical coverage is not as extensive as for merchandise trade. ...
Monetary Policy in the Post-Crisis Period A. Hakan Kara
... Koç University-TUSIAD ERF Conference October 10, 2011 ...
... Koç University-TUSIAD ERF Conference October 10, 2011 ...
Japan and the Asian Financial Crisis
... There have been many studies on the Asian financial crises. Many point out the yen depreciation from 1995 (peaked at 80 yen in April 1995) to 1997 (about 140 yen in June 1997). As the yen depreciated, the Asian exports plummeted. The Japanese yen was depreciating partly as a correction of the excess ...
... There have been many studies on the Asian financial crises. Many point out the yen depreciation from 1995 (peaked at 80 yen in April 1995) to 1997 (about 140 yen in June 1997). As the yen depreciated, the Asian exports plummeted. The Japanese yen was depreciating partly as a correction of the excess ...
Interrelations between monetary
... 1998, the volume of OVDPs owned by the NBU was UAH 7588 mln (63% of the market). Since the time the central bank started to purchase T-bills at the primary market, the monetary policy could not be perceived as restrictive any more. From this time, the monetary policy was subjected to fiscal policy. ...
... 1998, the volume of OVDPs owned by the NBU was UAH 7588 mln (63% of the market). Since the time the central bank started to purchase T-bills at the primary market, the monetary policy could not be perceived as restrictive any more. From this time, the monetary policy was subjected to fiscal policy. ...
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.