“Silver risk”, currency speculation and bank failures in
... The last quarter of the 19th century was one of the most exciting in American economic history, seeing as it did a dramatic conflict between supporters of two rival economic policies. After the Civil War, the American government decided to adhere to the gold standard, which meant a fixed exchange ra ...
... The last quarter of the 19th century was one of the most exciting in American economic history, seeing as it did a dramatic conflict between supporters of two rival economic policies. After the Civil War, the American government decided to adhere to the gold standard, which meant a fixed exchange ra ...
The main qualities of an orthodox currency board are
... A currency board's foreign currency reserves must be sufficient to ensure that all holders of its notes and coins (and all banks creditor of a Reserve Account at the currency board) can convert them into the reserve currency (usually 110–115% of the monetary base M0). A currency board maintains abso ...
... A currency board's foreign currency reserves must be sufficient to ensure that all holders of its notes and coins (and all banks creditor of a Reserve Account at the currency board) can convert them into the reserve currency (usually 110–115% of the monetary base M0). A currency board maintains abso ...
James Dorn IN A GLOBAL ECONOMY
... predictability. He would “abolish the central bank, institute a pure gold standard, and allow free banking. The monetary constitution would only postulate that each creditor had the right to demand payment from each debtor in gold at the fixed parity. Any violation of this rule would be severely pun ...
... predictability. He would “abolish the central bank, institute a pure gold standard, and allow free banking. The monetary constitution would only postulate that each creditor had the right to demand payment from each debtor in gold at the fixed parity. Any violation of this rule would be severely pun ...
Domestic securities markets and monetary policy in Latin America
... In Argentina, the central bank had to rebuild the instruments and channels of monetary policy, not just because of the disruption created by the currency and financial crises but also because the focus of policy in the previous decade had been different. The central bank has relied on the developmen ...
... In Argentina, the central bank had to rebuild the instruments and channels of monetary policy, not just because of the disruption created by the currency and financial crises but also because the focus of policy in the previous decade had been different. The central bank has relied on the developmen ...
The European crisis in the context of the history of previous financial
... early years of the Federal Reserve System, member banks set different discount rates. The small differences that existed in central bank discount rates of the European core of the gold standard, the UK, France and Germany should not be interpreted as evidence of a market assessment of the likelihood ...
... early years of the Federal Reserve System, member banks set different discount rates. The small differences that existed in central bank discount rates of the European core of the gold standard, the UK, France and Germany should not be interpreted as evidence of a market assessment of the likelihood ...
The role of banks in the commodity markets: bridging the expertise gap
... Overly complex derivative products may have been partly to blame for the financial markets which not only benefits our crisis, but it would be wrong to clients, but also offers a wider public good in terms of fostering greater Many banks are returning to discard entirely the use of OTC and structure ...
... Overly complex derivative products may have been partly to blame for the financial markets which not only benefits our crisis, but it would be wrong to clients, but also offers a wider public good in terms of fostering greater Many banks are returning to discard entirely the use of OTC and structure ...
UNCTAD October 2007 N . 1
... Long-term policies should thus aim at increasing the transparency of structured financial products. This is not an easy task because, by their very nature, structured products are complex instruments. There are, however, at least two steps that should be considered at the multilateral level: The rol ...
... Long-term policies should thus aim at increasing the transparency of structured financial products. This is not an easy task because, by their very nature, structured products are complex instruments. There are, however, at least two steps that should be considered at the multilateral level: The rol ...
Peter Bernholz INSTITUTIONAL REQUIREMENTS FOR STABLE MONEY INTEGRATED WORLD ECONOMY
... example, even if all countries introduced monetary constitutions requiring the central banks to follow monetary growth rules, then these rules might be different concerning the definition of the monetary aggregate to be used, the growth rate, or the relevant base from which to start. Or if the cons ...
... example, even if all countries introduced monetary constitutions requiring the central banks to follow monetary growth rules, then these rules might be different concerning the definition of the monetary aggregate to be used, the growth rate, or the relevant base from which to start. Or if the cons ...
The Introduction of Macro‐prudential Policy A speech delivered to Otago University in Dunedin
... Some of the appreciation in the real exchange rate over the past decade is due to the improvement in our terms of trade (or the ratio of export prices to import prices), which are now 20 percent higher than the average for the 1990s. This reflects the rapid growth of the East Asian economies, and es ...
... Some of the appreciation in the real exchange rate over the past decade is due to the improvement in our terms of trade (or the ratio of export prices to import prices), which are now 20 percent higher than the average for the 1990s. This reflects the rapid growth of the East Asian economies, and es ...
Diagnostics: A Snapshot (1)
... …Weaknesses: Capital Adequacy The risk-weighted capital asset ratio (CAR) of the public sector banks, domestic private banks and foreign banks, respectively, is above 9%; most banks, including the systemically important banks, satisfy the required CAR. A few banks do not meet the regulatory minimum ...
... …Weaknesses: Capital Adequacy The risk-weighted capital asset ratio (CAR) of the public sector banks, domestic private banks and foreign banks, respectively, is above 9%; most banks, including the systemically important banks, satisfy the required CAR. A few banks do not meet the regulatory minimum ...
Untitled
... -3tying international financial markets together was the (trans-oceanic) telegraph. Once this was in place, financial crises and disturbances occurring first in one country, eg 1890 Argentina, 1893 Australia, 1907 New York, would be transmitted rapidly, often via London, to the rest of the world. I ...
... -3tying international financial markets together was the (trans-oceanic) telegraph. Once this was in place, financial crises and disturbances occurring first in one country, eg 1890 Argentina, 1893 Australia, 1907 New York, would be transmitted rapidly, often via London, to the rest of the world. I ...
Linking interbank payment systems across borders and currencies
... exchange bargain is executed by the PMIs or by some separate mechanism within the proposed link – neither of which is likely – each system would have to appoint one or more correspondent banks in the other country to execute its foreign exchange business. In short, correspondent banks continue to pl ...
... exchange bargain is executed by the PMIs or by some separate mechanism within the proposed link – neither of which is likely – each system would have to appoint one or more correspondent banks in the other country to execute its foreign exchange business. In short, correspondent banks continue to pl ...
Banking on Baghdad: Financial Change in Postwar Iraq
... calling for changes in relative prices, exchange rate flexibility is desirable since it facilitates adjustments in the real exchange rate, buffeting the domestic economy. On the other hand, if the majority of shocks affecting the economy have predominantly domestic monetary origins, a fixed exchang ...
... calling for changes in relative prices, exchange rate flexibility is desirable since it facilitates adjustments in the real exchange rate, buffeting the domestic economy. On the other hand, if the majority of shocks affecting the economy have predominantly domestic monetary origins, a fixed exchang ...
A Brief History of the Central Bank of Seychelles
... operated along strict procedures laid out by the government and as such had limited ...
... operated along strict procedures laid out by the government and as such had limited ...
Viewpoint: Understanding the Great Depression
... monetary conditions as precipitating factors, interest rates in other countries could have risen for unrelated reasons; the tightening of monetary policy elsewhere, it could be argued, did not simply result from the international transmission by the gold standard of tighter money in the United State ...
... monetary conditions as precipitating factors, interest rates in other countries could have risen for unrelated reasons; the tightening of monetary policy elsewhere, it could be argued, did not simply result from the international transmission by the gold standard of tighter money in the United State ...
Appendix C - Glossary of Selected Terms
... Market Capitalisation is the market value of a company’s issued share capital. It is the product of the current quoted price of shares and the number of shares outstanding. The term is also used as a performance indicator of the capital market. Maximum Lending Rate: This refers to the rate charged b ...
... Market Capitalisation is the market value of a company’s issued share capital. It is the product of the current quoted price of shares and the number of shares outstanding. The term is also used as a performance indicator of the capital market. Maximum Lending Rate: This refers to the rate charged b ...
Explaining Financial Crises in an African Open Economy
... capital for their level of operations, the amount of additional capital funds required in 1992 increased to at least ₦6,090 million.” Furthermore, the report revealed that, the merchant banking segment became heavily distressed in 1992 as banks controlling 15% and 20% respectively of total assets an ...
... capital for their level of operations, the amount of additional capital funds required in 1992 increased to at least ₦6,090 million.” Furthermore, the report revealed that, the merchant banking segment became heavily distressed in 1992 as banks controlling 15% and 20% respectively of total assets an ...
What does interconnectedness imply for macroeconomic and
... enhanced by policy transparency so that the policy goals and reaction function of each authority can be well understood by others. This again applies both within and across countries. For example, the Federal Reserve is making efforts to provide greater clarity about its inflation objective in the c ...
... enhanced by policy transparency so that the policy goals and reaction function of each authority can be well understood by others. This again applies both within and across countries. For example, the Federal Reserve is making efforts to provide greater clarity about its inflation objective in the c ...
Comment - Lars E.O. Svensson
... activity, foreign demand for domestic exports increases somewhat. Second, the interest-rate differential between the domestic and foreign interest rates increases. This will trigger an incipient capital inflow into the domestic economy and appreciation of the domestic currency. Suppose the appreciat ...
... activity, foreign demand for domestic exports increases somewhat. Second, the interest-rate differential between the domestic and foreign interest rates increases. This will trigger an incipient capital inflow into the domestic economy and appreciation of the domestic currency. Suppose the appreciat ...
FRBSF WEEKLY LETTEA Should the Central Bank Be Responsible for Regional Stabilization?
... monetary policy Furthermore, consider the consequences of a policy of systematically easing whenever any state is in recession. The problem with a policy of this kind is that in a heterogenous multiregional economy such as the United States, there is almost always some state that is experiencing bad ...
... monetary policy Furthermore, consider the consequences of a policy of systematically easing whenever any state is in recession. The problem with a policy of this kind is that in a heterogenous multiregional economy such as the United States, there is almost always some state that is experiencing bad ...
2014 CENTRAL BANK OF THE REPUBLIC OF TURKEY
... credits extended by banks, as well as asset prices, such as equities and foreign exchange. ...
... credits extended by banks, as well as asset prices, such as equities and foreign exchange. ...
Key dates in financial history - Center for Financial Stability
... 1849: California gold discoveries; gold is also discovered in Australia, in 1851. 1857: Financial crises in United Kingdom, United States, Scandinavia, and Hamburg. 1859: Comstock Lode of silver discovered in Nevada, United States. 1861: United States abandons the gold standard during the U.S. Civil ...
... 1849: California gold discoveries; gold is also discovered in Australia, in 1851. 1857: Financial crises in United Kingdom, United States, Scandinavia, and Hamburg. 1859: Comstock Lode of silver discovered in Nevada, United States. 1861: United States abandons the gold standard during the U.S. Civil ...
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.