Central banks around the world: Does membership size differ?
... politically and economically diverse area will require a larger number of representatives. The surveys by Fujiki (2005), Sibert (2006), Vandenbussche (2006), and Berger (2006) provide a comprehensive overview over this rapidly expanding literature. 4 As Goodfriend (2005, p. 85) remarks, however, “th ...
... politically and economically diverse area will require a larger number of representatives. The surveys by Fujiki (2005), Sibert (2006), Vandenbussche (2006), and Berger (2006) provide a comprehensive overview over this rapidly expanding literature. 4 As Goodfriend (2005, p. 85) remarks, however, “th ...
CESifo Working Paper #1897
... The view that increasing MPC membership size may reduce the effectiveness of policy-making is also bolstered by real-world experience. The German Bundesbank, for instance, asserts that its 1992 MPC reform triggered by German unification helped to prevent an increase in MPC size which “would have gre ...
... The view that increasing MPC membership size may reduce the effectiveness of policy-making is also bolstered by real-world experience. The German Bundesbank, for instance, asserts that its 1992 MPC reform triggered by German unification helped to prevent an increase in MPC size which “would have gre ...
What Determines Institutional Arrangements for Macroprudential
... that have established it. The central bank has the mandate in 63 percent of the advanced economies, followed by the financial stability committee (42 percent). On the other hand, in a majority of the emerging market economies (78 percent), the central bank has the mandate, followed by the financial ...
... that have established it. The central bank has the mandate in 63 percent of the advanced economies, followed by the financial stability committee (42 percent). On the other hand, in a majority of the emerging market economies (78 percent), the central bank has the mandate, followed by the financial ...
RTF format
... guarantees are fraudulent. The Second and Third Respondents’ demands in respect of the counter-guarantees are similarly fraudulent since they were made with full knowledge of the fraudulent demands in respect of the principal guarantees. ...
... guarantees are fraudulent. The Second and Third Respondents’ demands in respect of the counter-guarantees are similarly fraudulent since they were made with full knowledge of the fraudulent demands in respect of the principal guarantees. ...
Volume 69 No. 2, June 2006 Contents
... of government officials to act promptly differ from the duties and incentives of private creditors in important ways. Because official interventions are unusual and generate a great deal of publicity, officials cannot focus only on the economic costs and benefits of the intervention. Given that disadvan ...
... of government officials to act promptly differ from the duties and incentives of private creditors in important ways. Because official interventions are unusual and generate a great deal of publicity, officials cannot focus only on the economic costs and benefits of the intervention. Given that disadvan ...
1 - EconStor
... Size matters, in particular when it comes to central bank boards or monetary policy committees (MPCs). 1 While monetary policy may be a “science,” it is hardly an exact one; it operates in an environment surrounded by considerable uncertainty. As a result, the way MPCs exploit information and agree ...
... Size matters, in particular when it comes to central bank boards or monetary policy committees (MPCs). 1 While monetary policy may be a “science,” it is hardly an exact one; it operates in an environment surrounded by considerable uncertainty. As a result, the way MPCs exploit information and agree ...
Mongolia Country Assistance Evaluation
... sectors; (iv) frequent changes in government after 1996, which adversely affected continuity; (vi) political sensitivity and anticipated adverse short-term consequences, which caused hesitancy to implement some reforms; and (vii) several significant adverse external shocks. ...
... sectors; (iv) frequent changes in government after 1996, which adversely affected continuity; (vi) political sensitivity and anticipated adverse short-term consequences, which caused hesitancy to implement some reforms; and (vii) several significant adverse external shocks. ...
Chapter: 1154 MIDDLE EAST FINANCE INTERNATIONAL LIMITED
... priorities and be subject to the obligations and incidents to which MEFIL would have been entitled and subject if it had continued to hold the security; (iii) without prejudice to the generality of subparagraph (ii), in any case where an existing liability subsists between MEFIL and Emirates Bank in ...
... priorities and be subject to the obligations and incidents to which MEFIL would have been entitled and subject if it had continued to hold the security; (iii) without prejudice to the generality of subparagraph (ii), in any case where an existing liability subsists between MEFIL and Emirates Bank in ...
Monetary Conditions in the Kingdom of Serbia (1884-1914)
... specified».1 The founding of the National Bank prompted the development of credit institutions in Serbia, most notably, money bureaus, which received preferential treatment from the National Bank all through to 1920, meaning that they were granted credits at an interest rate which was several percen ...
... specified».1 The founding of the National Bank prompted the development of credit institutions in Serbia, most notably, money bureaus, which received preferential treatment from the National Bank all through to 1920, meaning that they were granted credits at an interest rate which was several percen ...
International Capital Inflows, Domestic Financial Intermediation
... Domestic intermediaries serve to evaluate risky investments proposed by domestic entrepreneurs, diversify the risks of lumpy investments for individual savers and transform long-maturity high-yield investments into short-term liquid liabilities. Domestic banks have a cost advantage evaluating domest ...
... Domestic intermediaries serve to evaluate risky investments proposed by domestic entrepreneurs, diversify the risks of lumpy investments for individual savers and transform long-maturity high-yield investments into short-term liquid liabilities. Domestic banks have a cost advantage evaluating domest ...
An assessment of recent Reserve Bank forecasts
... Reserve Bank’s forecasts of key variables from the past three years against a benchmark of forecasts prepared by other forecasters. The results from this review suggest that the Bank’s forecast performance over recent years has been at least comparable to the average of other forecasters. In the cas ...
... Reserve Bank’s forecasts of key variables from the past three years against a benchmark of forecasts prepared by other forecasters. The results from this review suggest that the Bank’s forecast performance over recent years has been at least comparable to the average of other forecasters. In the cas ...
RESPONSE STRATEGIES TO CHANGES IN THE ECONOMIC BY
... existing research gap by carrying out a case study on response strategies by the Cooperative Bank of Kenya Limited to changes in the economic environment. The main purpose of the study was to investigate how changes in economic factors like interest rates, inflation rates, exchange rates, internatio ...
... existing research gap by carrying out a case study on response strategies by the Cooperative Bank of Kenya Limited to changes in the economic environment. The main purpose of the study was to investigate how changes in economic factors like interest rates, inflation rates, exchange rates, internatio ...
DOCX - World bank documents
... bid; therefore no restriction based on nationality of bidders or origin of goods shall apply and foreign bidders shall not be subject to any unjustified requirement which will affect their ability to bid; (iii) Government-owned enterprises in the Recipient’s country may participate only if they can ...
... bid; therefore no restriction based on nationality of bidders or origin of goods shall apply and foreign bidders shall not be subject to any unjustified requirement which will affect their ability to bid; (iii) Government-owned enterprises in the Recipient’s country may participate only if they can ...
The European Bank for Reconstruction and Development and
... Property of the European Bank for Reconstruction and Development. All rights reserved. This article may not be reproduced for any reason without the express written permission of the author. ...
... Property of the European Bank for Reconstruction and Development. All rights reserved. This article may not be reproduced for any reason without the express written permission of the author. ...
announcement proposed private placement of a shares
... Pursuant to China’s relevant laws and regulations and Hong Kong Listing Rules, the Private Placement shall not proceed until approved by Shareholders at, among others, the Second EGM of 2014 and the Class Meetings through a special resolution. 1.5 Whether the Private Placement is a Connected Transa ...
... Pursuant to China’s relevant laws and regulations and Hong Kong Listing Rules, the Private Placement shall not proceed until approved by Shareholders at, among others, the Second EGM of 2014 and the Class Meetings through a special resolution. 1.5 Whether the Private Placement is a Connected Transa ...
China`s Integration into the Global Financial System
... seems to fan public concern. The Chinese government could afford to acquire some of the world’s largest multinational corporations if it chose to use even a portion of its US$1.8 trillion in reserves in this way. ...
... seems to fan public concern. The Chinese government could afford to acquire some of the world’s largest multinational corporations if it chose to use even a portion of its US$1.8 trillion in reserves in this way. ...
document of the european bank for reconstruction and
... the country and a well-functioning market economy. Risk is taken according to the individual projects’ circumstances. The average size of the EBRD loans is 5 to 15 Million Euros. In its region of operations the Bank has also made smaller direct investments when clear innovative and demonstration eff ...
... the country and a well-functioning market economy. Risk is taken according to the individual projects’ circumstances. The average size of the EBRD loans is 5 to 15 Million Euros. In its region of operations the Bank has also made smaller direct investments when clear innovative and demonstration eff ...
Sample Disbursement Letter (Investment Loan)
... Additional Instructions: Disbursement I refer to the Agreement (“Agreement”) between the International Bank for Reconstruction and Development and the International Development Association (“World Bank”), acting as administrator of grant funds provided under the Cities Alliance Multi-Donor Trust Fun ...
... Additional Instructions: Disbursement I refer to the Agreement (“Agreement”) between the International Bank for Reconstruction and Development and the International Development Association (“World Bank”), acting as administrator of grant funds provided under the Cities Alliance Multi-Donor Trust Fun ...
Investing in Malaysia
... Growth in the Islamic Banking Sector – currently largest in the world Proliferating opportunities due to current projects – Multimedia Super Corridor/Economic Transformation Programme/10th Malaysia Plan Steady growth in exports Growing number of consuming class ...
... Growth in the Islamic Banking Sector – currently largest in the world Proliferating opportunities due to current projects – Multimedia Super Corridor/Economic Transformation Programme/10th Malaysia Plan Steady growth in exports Growing number of consuming class ...
Terms
... confirming bank 保兑行 (in seller’s place) -In certain instances, the credit of the issuing bank may be insufficient to assure payment. The seller may want to include as part of the sales contract that the buyer will furnish an L/C confirmed by a bank in the seller’s country. The confirming bank is lia ...
... confirming bank 保兑行 (in seller’s place) -In certain instances, the credit of the issuing bank may be insufficient to assure payment. The seller may want to include as part of the sales contract that the buyer will furnish an L/C confirmed by a bank in the seller’s country. The confirming bank is lia ...
Sample Disbursement Letter (Investment Loan)
... Applications, monitor the near real-time status of the Loan, and retrieve related policy, financial, and procurement information. If you have not already done so, the Bank recommends that you register as a user of the Client Connection website (https://clientconnection.worldbank.org). From this webs ...
... Applications, monitor the near real-time status of the Loan, and retrieve related policy, financial, and procurement information. If you have not already done so, the Bank recommends that you register as a user of the Client Connection website (https://clientconnection.worldbank.org). From this webs ...
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 ...
Report Horiz Template - African Development Bank
... reducing the rate of deforestation in the Congo Basin. The Congo Basin rainforest is currently under increasing threat due to illegal logging, shifting cultivation, population growth, as well as oil and mining industries. The Fund supported mainly by the UK and Norway (initial contribution of US$ ...
... reducing the rate of deforestation in the Congo Basin. The Congo Basin rainforest is currently under increasing threat due to illegal logging, shifting cultivation, population growth, as well as oil and mining industries. The Fund supported mainly by the UK and Norway (initial contribution of US$ ...
equitable pci bank
... and the Securities and Exchange Commission is required, which was obtained in early 2007. ...
... and the Securities and Exchange Commission is required, which was obtained in early 2007. ...
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a proposed international financial institution which is focused on supporting infrastructure construction in the Asia-Pacific region. The bank was proposed as an initiative by the government of China and supported by 37 regional and 20 non-regional members Prospective Founding Members, 52 of which have signed the Articles of Agreement that form the legal basis for the proposed bank. The bank will start operation after the agreement enters into force, which requires ratifications from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. As of September 2015, 2 states (Myanmar and Singapore) have ratified the agreement, formally becoming a founding member. Countries with a large GDP that did not become PFM are the US, Japan (which dominated the ADB) and Canada.AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. The United Nations has addressed the launch of AIIB as ""scaling up financing for sustainable development"" for the concern of Global Economic Governance.The bank was proposed by China in 2013 and the initiative launched at a ceremony in Beijing in October 2014. The Articles of Agreement (AOA) were signed by 50 PFMs on 29 June 2015, which become a party to the agreement through ratification.