The Zero Lower Bound, ECB Interest Rate Policy and the
... shock would push the policy rate below zero.5 The resulting literature concluded that an inflation objective of two percent seemed appropriate. 6 Not surprisingly, after the onset of the crisis it has been argued that a somewhat higher inflation target, say four percent, would have been preferable ...
... shock would push the policy rate below zero.5 The resulting literature concluded that an inflation objective of two percent seemed appropriate. 6 Not surprisingly, after the onset of the crisis it has been argued that a somewhat higher inflation target, say four percent, would have been preferable ...
Interest Rate Risk Management for Commercial
... When evaluating the level of interest rate risk a banking institution is willing and able to assume, it should consider the impact that past interest rates may have on future performance. In particular, instruments that are not marked to market may already contain embedded gains or losses due to pas ...
... When evaluating the level of interest rate risk a banking institution is willing and able to assume, it should consider the impact that past interest rates may have on future performance. In particular, instruments that are not marked to market may already contain embedded gains or losses due to pas ...
HOW TO EVALUATE THE YIELD CURVE IN A TRANSITION ECONOMY
... The key data in evaluation of parameters of the given models are the data on price (or interest rate) and time to maturity of treasury notes. Namely, treasury notes are basic securities by which central banks carry out the open market policy regulating the quantity of money in circulation, and the i ...
... The key data in evaluation of parameters of the given models are the data on price (or interest rate) and time to maturity of treasury notes. Namely, treasury notes are basic securities by which central banks carry out the open market policy regulating the quantity of money in circulation, and the i ...
Defaults and Losses on Commercial Real Estate Bonds during the
... insurance company average. In addition, the procedures taken by a life insurance company on problem loans may differ . . . . For example, life insurance companies generally operate under regulatory constraints that, in terms of capital charges, give preference t o restructured loans rather than fore ...
... insurance company average. In addition, the procedures taken by a life insurance company on problem loans may differ . . . . For example, life insurance companies generally operate under regulatory constraints that, in terms of capital charges, give preference t o restructured loans rather than fore ...
The Effect of Asset Selloffs on Overnight Interest Rates
... Finally, the Fed may unintentionally create some uncertainty in the market if it does not signal its intentions clearly. Since small changes in bank reserves can potentially generate much larger changes in money growth, the Fed may find it necessary to adjust the interest rate on reserves frequently ...
... Finally, the Fed may unintentionally create some uncertainty in the market if it does not signal its intentions clearly. Since small changes in bank reserves can potentially generate much larger changes in money growth, the Fed may find it necessary to adjust the interest rate on reserves frequently ...
DP2007/11 Credit constraints and housing markets in New Zealand Andrew Coleman
... saving record with a bank or building society by making regular deposits for a period, at which point they would be entitled to apply for a loan. The loans ...
... saving record with a bank or building society by making regular deposits for a period, at which point they would be entitled to apply for a loan. The loans ...
Analysis of the Discount Factors in Swap Valuation
... during a certain period. Meanwhile, Party B offers cash flows to Party A at a floating price per unit. By means of the commodity swap, the users of the commodity can control the cost at a desirable level; they have to bear some kind of risks such as cost reductions due to the drop of prices. For exa ...
... during a certain period. Meanwhile, Party B offers cash flows to Party A at a floating price per unit. By means of the commodity swap, the users of the commodity can control the cost at a desirable level; they have to bear some kind of risks such as cost reductions due to the drop of prices. For exa ...
The Macroeconomic Transition to High Household Debt Jeffrey R. Campbell Zvi Hercowitz
... but lack of competition in lending made these rare. Deregulation lowered the cost of these instruments for all financial intermediaries and households. Accordingly, household debt began to grow. The ratio of mortgage debt to the value of owner-occupied homes was 0.31 in 1982, 0.37 in 1990, and 0.42 ...
... but lack of competition in lending made these rare. Deregulation lowered the cost of these instruments for all financial intermediaries and households. Accordingly, household debt began to grow. The ratio of mortgage debt to the value of owner-occupied homes was 0.31 in 1982, 0.37 in 1990, and 0.42 ...
2 Macroeconomic Variables and Term Structure of Interest
... enhance the positive slope of the curve, since the money tomorrow will have a smaller value than today, while a deflation could have the opposite effect. Regarding the Brazilian data, we must note two important facts. The first fact shows that it is common to observe an "almost" inversion of the ter ...
... enhance the positive slope of the curve, since the money tomorrow will have a smaller value than today, while a deflation could have the opposite effect. Regarding the Brazilian data, we must note two important facts. The first fact shows that it is common to observe an "almost" inversion of the ter ...