DETERMINANTS OF SHARE PRICE ON THE NIGERIAN STOCK
... seek to maximize expected return from its investment, minimize risk or have liquidity maintenance as the objective of investment. Even though every investment involves risk, some are more risky than the other and the higher the risk, the higher the return. Demand for a stock is affected by a number ...
... seek to maximize expected return from its investment, minimize risk or have liquidity maintenance as the objective of investment. Even though every investment involves risk, some are more risky than the other and the higher the risk, the higher the return. Demand for a stock is affected by a number ...
Macroeconomic Policy Regimes in the Philippines By Cayetano
... Additional reforms, however, included the institution of the regional wage boards which shifted the wage setting mechanism from an annual, highly-politicized process which significant uncertainty to a disaggregated system where regions considered locationspecific inflation statistics and demand sit ...
... Additional reforms, however, included the institution of the regional wage boards which shifted the wage setting mechanism from an annual, highly-politicized process which significant uncertainty to a disaggregated system where regions considered locationspecific inflation statistics and demand sit ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... products. In the model formulation, the treatment of production functions varies by sector, depending on the scope for input substitution. In agriculture, a constant elasticity of substitution (CES) aggregation of labor and capital is allowed for value-added formation, while fixed 1-0 coefficients a ...
... products. In the model formulation, the treatment of production functions varies by sector, depending on the scope for input substitution. In agriculture, a constant elasticity of substitution (CES) aggregation of labor and capital is allowed for value-added formation, while fixed 1-0 coefficients a ...
Perspectives on OECD Economic Integration: Implications for U.S. Current Account Adjustment
... segmentation, including measures of international price deviations, as well as home bias in the demand for both equity and goods. We also revisit the famous Feldstein-Horioka puzzle, which asks why countries seem to need to rely so much on local savings to finance domestic investment. The second par ...
... segmentation, including measures of international price deviations, as well as home bias in the demand for both equity and goods. We also revisit the famous Feldstein-Horioka puzzle, which asks why countries seem to need to rely so much on local savings to finance domestic investment. The second par ...
Document
... Bank assets: credit extended to firms, Ls, and reserves held at the central bank, RR. Bank liabilities: deposits held by households, Dp. ...
... Bank assets: credit extended to firms, Ls, and reserves held at the central bank, RR. Bank liabilities: deposits held by households, Dp. ...
... when the money supply increases. This type of adjustment to imperfectly anticipated shocks is impossible in the sticky—price setting, but it is still true that, after the initial announcement, price evolve smoothly. In particular, the exchange rate cannot jump when the expected money increase takes ...
The-Analysis-Of-The-Impact-Of-Unemployment-And-Inflation
... export or foreign exchange and inflation resulted from the heavy borrowing by the civilian administration, this made the balance of payment, capital account balance to reduce to degree of deficit which leads to low external reserve. Furthermore inflation is generally used to describe a situation of ...
... export or foreign exchange and inflation resulted from the heavy borrowing by the civilian administration, this made the balance of payment, capital account balance to reduce to degree of deficit which leads to low external reserve. Furthermore inflation is generally used to describe a situation of ...
BULLETIN
... MANAGEMENT AND SIMPLIFICATION STEPS Due to economic conditions brought about by the global financial crisis in 2008, interest rates in advanced economies dropped to zero or close-to-zero levels. However, since the policy implementations fell short of reviving the domestic demand, non-conventional mo ...
... MANAGEMENT AND SIMPLIFICATION STEPS Due to economic conditions brought about by the global financial crisis in 2008, interest rates in advanced economies dropped to zero or close-to-zero levels. However, since the policy implementations fell short of reviving the domestic demand, non-conventional mo ...
Currency Portfolios and Currency Exchange in a
... In our decentralized environment, agents are assumed to meet at random and trade bilaterally. They use currency to buy goods and services and/or the other currency. When agents meet and trade currencies, the nominal exchange rate is the ratio of the quantities of currencies exchanged. To provide age ...
... In our decentralized environment, agents are assumed to meet at random and trade bilaterally. They use currency to buy goods and services and/or the other currency. When agents meet and trade currencies, the nominal exchange rate is the ratio of the quantities of currencies exchanged. To provide age ...
NBER WORKING PAPER SERIES INTERNATIONAL BORROWING, CAPITAL CONTROLS AND THE EXCHANGE RATE:
... received public guarantees. In addition, most of new foreign borrowing was done by the public sector. This caused a large drop in the share of private debt, which bottomed out at 17% of total external debt in 1987. Later, Chile’s return to international financial markets and voluntary lending combin ...
... received public guarantees. In addition, most of new foreign borrowing was done by the public sector. This caused a large drop in the share of private debt, which bottomed out at 17% of total external debt in 1987. Later, Chile’s return to international financial markets and voluntary lending combin ...
Embargoed for release at 2:00 p.m., EDT, September 18, 2013
... will occur in the specified calendar year. In June 2013, the numbers of FOMC participants who judged that the first increase in the target federal funds rate would occur in 2013, 2014, 2015, and 2016 were, respectively, 1, 3, 14, and 1. In the lower panel, each shaded circle indicates the value (round ...
... will occur in the specified calendar year. In June 2013, the numbers of FOMC participants who judged that the first increase in the target federal funds rate would occur in 2013, 2014, 2015, and 2016 were, respectively, 1, 3, 14, and 1. In the lower panel, each shaded circle indicates the value (round ...
AP Macro 2-4 Inflation
... Higher production costs increase prices A negative supply shock increases the costs of production and forces producers to increase prices. Examples: • Hurricane Katrina destroyed oil refineries and causes gas prices to go up. Companies that use gas increase their prices. ...
... Higher production costs increase prices A negative supply shock increases the costs of production and forces producers to increase prices. Examples: • Hurricane Katrina destroyed oil refineries and causes gas prices to go up. Companies that use gas increase their prices. ...
The IS-LM model
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
Chapter 6. The Labor Market
... The analytical framework in the text is built around equilibrium in three markets: goods, financial, and labor. Following the approach of Chapters 3 and 4, this chapter begins the discussion of the labor market by considering it in isolation. The assumption that isolates the labor market from the ot ...
... The analytical framework in the text is built around equilibrium in three markets: goods, financial, and labor. Following the approach of Chapters 3 and 4, this chapter begins the discussion of the labor market by considering it in isolation. The assumption that isolates the labor market from the ot ...
Time-weighted vs. money-weighted rates of return
... into account the effect of an individual’s contributions or withdrawals. This method is useful to calculate the performance of broad market indices or mutual funds because contributions and withdrawals – activities that can impact performance, but are not in the fund manager’s control – are not take ...
... into account the effect of an individual’s contributions or withdrawals. This method is useful to calculate the performance of broad market indices or mutual funds because contributions and withdrawals – activities that can impact performance, but are not in the fund manager’s control – are not take ...
Ireland in EMU: more shocks, less insulation? Patrick Honohan The World Bank
... lubricant, to move in a stabilizing manner when the Irish economy is hit by idiosyncratic shocks. Not only that: there is also the potential for exogenous movements in interest rates and in the effective exchange rate to operate as destabilizing forces. This concern is no longer an abstract one. Ind ...
... lubricant, to move in a stabilizing manner when the Irish economy is hit by idiosyncratic shocks. Not only that: there is also the potential for exogenous movements in interest rates and in the effective exchange rate to operate as destabilizing forces. This concern is no longer an abstract one. Ind ...
Monetary policy response on exchange rate volatility in Indonesia
... Exchange rate is determined by supply and demand of foreign exchange in a free foreign exchange market that causes the exchange rate movements, i.e. to appreciate or depreciate. The exchange rate might be very volatile in a short period. Indeed, exchange rates can fluctuate by several percentage poi ...
... Exchange rate is determined by supply and demand of foreign exchange in a free foreign exchange market that causes the exchange rate movements, i.e. to appreciate or depreciate. The exchange rate might be very volatile in a short period. Indeed, exchange rates can fluctuate by several percentage poi ...
CHAPTER 31: MONEY AND BANKING Introduction - jb
... Reserve System. An understanding of these functions and structures paves the way for exploration of how the Federal Reserve uses money to stabilize the economy. Material from Chapter 31 may appear in one or two multiple-choice questions on the AP macroeconomics exam. The Functions of Money Money ser ...
... Reserve System. An understanding of these functions and structures paves the way for exploration of how the Federal Reserve uses money to stabilize the economy. Material from Chapter 31 may appear in one or two multiple-choice questions on the AP macroeconomics exam. The Functions of Money Money ser ...
Central Banks and Monetary Policy Strategy
... “The main objective of Bank of Mongolia is to sustain stability of national currency tugrug” and this statement can be interpreted in two manners. For instance, stability of tugrug in the external market refers to the stability of exchange rate of tugrug in foreign currencies, whereas stability of t ...
... “The main objective of Bank of Mongolia is to sustain stability of national currency tugrug” and this statement can be interpreted in two manners. For instance, stability of tugrug in the external market refers to the stability of exchange rate of tugrug in foreign currencies, whereas stability of t ...
Exchange rate
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In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an interbank exchange rate of 119 Japanese yen (JPY, ¥) to the United States dollar (US$) means that ¥119 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥119. In this case it is said that the price of a dollar in terms of yen is ¥119, or equivalently that the price of a yen in terms of dollars is $1/119.Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.In the retail currency exchange market, a different buying rate and selling rate will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell the currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash (usually notes only), a documentary form (such as traveler's cheques) or electronically (such as a credit card purchase). The higher rate on documentary transactions has been justified to compensate for the additional time and cost of clearing the document, while the cash is available for resale immediately. Some dealers on the other hand prefer documentary transactions because of the security concerns with cash.