Financial Structure and the Impact of Monetary Policy on Property
... 1980s, in many cases associated with liberalisation and deregulation of the housing finance sector. Residential property prices were subsequently weak or fell in the 1990s, following the US recession in 1990-1991 and the episode of high interest rates in many European countries after the turmoil in ...
... 1980s, in many cases associated with liberalisation and deregulation of the housing finance sector. Residential property prices were subsequently weak or fell in the 1990s, following the US recession in 1990-1991 and the episode of high interest rates in many European countries after the turmoil in ...
The Bear Stearns Companies Inc.
... International Securities Exchange (“ISE”). Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiaries and other entities in which the Company has a controlling interest. Additionally, in accordance with Financial Accountin ...
... International Securities Exchange (“ISE”). Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiaries and other entities in which the Company has a controlling interest. Additionally, in accordance with Financial Accountin ...
NBER WORKING PAPER SERIES STABILIZATION POLICIES IN OPEN ECONOMIES Richard C. Marston
... expenditure. That is the case in (2.10) provided the marginal propensity to spend is less than one. We discuss a more recent approach to devaluation, the monetary approach, in detail below. ...
... expenditure. That is the case in (2.10) provided the marginal propensity to spend is less than one. We discuss a more recent approach to devaluation, the monetary approach, in detail below. ...
Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis ∗ Quamrul Ashraf
... and self-regulating. Howitt and Clower find that starting from an initial situation in which there is no trading network, such a network will often emerge endogenously and will, in the absence of shocks, also guide the economy to a stationary state in which almost all the gains from trade are fully ...
... and self-regulating. Howitt and Clower find that starting from an initial situation in which there is no trading network, such a network will often emerge endogenously and will, in the absence of shocks, also guide the economy to a stationary state in which almost all the gains from trade are fully ...
document
... included Brazil, China, Hungary, India, Uganda, Vietnam and Mexico. The more globalized developing countries saw their aggregate per capita growth rate rise from 1 percent in the 1960s, to 3 percent in the 1970s, 4 percent in the 1980s and 5 percent in the 1990s. Other developing countries, home to ...
... included Brazil, China, Hungary, India, Uganda, Vietnam and Mexico. The more globalized developing countries saw their aggregate per capita growth rate rise from 1 percent in the 1960s, to 3 percent in the 1970s, 4 percent in the 1980s and 5 percent in the 1990s. Other developing countries, home to ...
Macro, Money and Finance: A Continuous
... While financial markets are self-stabilizing in normal times, economies become vulnerable to a crisis after a run up of (debt) imbalances and (credit) bubbles. In particular, debt, leverage, maturity and liquidity mismatch tend to rise when measured volatility is low. Vulnerability risk tends to bui ...
... While financial markets are self-stabilizing in normal times, economies become vulnerable to a crisis after a run up of (debt) imbalances and (credit) bubbles. In particular, debt, leverage, maturity and liquidity mismatch tend to rise when measured volatility is low. Vulnerability risk tends to bui ...
PDF
... $7,573million between 1972 and 1989 to capital flight. Out of this total, the sum of US$7,362 million was lost between 1972 and 1978 against a capital inflow of $270 million within the same period. International Financial Corporation (1998) observed that Nigeria is among many African economies that ...
... $7,573million between 1972 and 1989 to capital flight. Out of this total, the sum of US$7,362 million was lost between 1972 and 1978 against a capital inflow of $270 million within the same period. International Financial Corporation (1998) observed that Nigeria is among many African economies that ...
uba capital plc - The Nigerian Stock Exchange
... IFRS 11 “Joint Arrangement” IFRS 11 replaces IAS 31 Interests in Joint Ventures, and the guidance contained in a related interpretation, SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers, has been incorporated in IAS 28 (as revised in 2011). IFRS 11 deals with how a joint ...
... IFRS 11 “Joint Arrangement” IFRS 11 replaces IAS 31 Interests in Joint Ventures, and the guidance contained in a related interpretation, SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers, has been incorporated in IAS 28 (as revised in 2011). IFRS 11 deals with how a joint ...
Financial liberalization, financial development and economic growth
... exchange rate regimes with open capital accounts. It is noteworthy that the latter is an expression of liberalization regarding external finance, while this study exclusively focuses on the earlier which is termed domestic/internal financial liberalization. Financial sectors of developing countries ...
... exchange rate regimes with open capital accounts. It is noteworthy that the latter is an expression of liberalization regarding external finance, while this study exclusively focuses on the earlier which is termed domestic/internal financial liberalization. Financial sectors of developing countries ...
Risk Factors A number of risk factors affect Prudential`s operating
... In the US, fluctuations in prevailing interest rates can affect results from Jackson which has a significant spread-based business, with the majority of its assets invested in fixed income securities. In particular, fixed annuities and stable value products written by Jackson expose Prudential to t ...
... In the US, fluctuations in prevailing interest rates can affect results from Jackson which has a significant spread-based business, with the majority of its assets invested in fixed income securities. In particular, fixed annuities and stable value products written by Jackson expose Prudential to t ...
Global Financial Markets and Instruments
... significant number of items outside the purview of import licensing, considerable reduction in the level of tariff rates, Exim scrip‘s devaluation of rupee, partial and later on full convertibility of rupee etc. 1.1 New Global Economic War After the Second War and the IMF par value system came into ...
... significant number of items outside the purview of import licensing, considerable reduction in the level of tariff rates, Exim scrip‘s devaluation of rupee, partial and later on full convertibility of rupee etc. 1.1 New Global Economic War After the Second War and the IMF par value system came into ...
The slowdown in emerging market economies and its
... structural factors such as diminishing capital accumulation and productivity gains and waning global trade integration. Other headwinds include the sluggish recoveries seen in advanced economies, which have dampened external demand, sharp declines in commodity prices, which have particularly affecte ...
... structural factors such as diminishing capital accumulation and productivity gains and waning global trade integration. Other headwinds include the sluggish recoveries seen in advanced economies, which have dampened external demand, sharp declines in commodity prices, which have particularly affecte ...
Improving EWIs for banking crises - satisfying policy requirements Abstract:
... Macroprudential policy can only succeed if emerging financial vulnerabilities are detected early enough for preventive action to be taken. How this can be done has receive much attention recently, with early warning indicators (EWIs) playing a prominent role.2 More often than not, though, the foreca ...
... Macroprudential policy can only succeed if emerging financial vulnerabilities are detected early enough for preventive action to be taken. How this can be done has receive much attention recently, with early warning indicators (EWIs) playing a prominent role.2 More often than not, though, the foreca ...
mmi13 Smets 19074710 en
... Recent empirical research on systemic banking crises (henceforth, SBCs) has highlighted the existence of similar patterns across diverse episodes. SBCs are rare events. Recessions that follow SBC episodes are deeper and longer lasting than other recessions. And, more importantly for the purpose of t ...
... Recent empirical research on systemic banking crises (henceforth, SBCs) has highlighted the existence of similar patterns across diverse episodes. SBCs are rare events. Recessions that follow SBC episodes are deeper and longer lasting than other recessions. And, more importantly for the purpose of t ...
intra-euro area trade linKaGeS and eXternal adjuStment
... transmission of shocks within the euro area, accounting for intra-euro area spillover effects. The model also highlights the importance of the second-round effects of shocks, not only through trade, but also, and as importantly, through impacts on financial variables or on confidence, with subsequen ...
... transmission of shocks within the euro area, accounting for intra-euro area spillover effects. The model also highlights the importance of the second-round effects of shocks, not only through trade, but also, and as importantly, through impacts on financial variables or on confidence, with subsequen ...
PDF - The Institute of International Finance
... outcomes is plausible depending on market responses. This study suggests, however, that the impact could total 3.2 percent of GDP over the next five years for the United States, Euro Area, Japan, United Kingdom and Switzerland. This would imply a combined 7.5 million jobs foregone in those countries ...
... outcomes is plausible depending on market responses. This study suggests, however, that the impact could total 3.2 percent of GDP over the next five years for the United States, Euro Area, Japan, United Kingdom and Switzerland. This would imply a combined 7.5 million jobs foregone in those countries ...
The impact of fiscal policy on government bond spreads in emerging
... and demand side. These are for example the political environment (political risks), anticipated returns, economic risks, expected inflation and expected exchange rate changes, solvency, the way in which the bonds of a given country fit into the portfolios of the most important investors and so on. Cha ...
... and demand side. These are for example the political environment (political risks), anticipated returns, economic risks, expected inflation and expected exchange rate changes, solvency, the way in which the bonds of a given country fit into the portfolios of the most important investors and so on. Cha ...
Cross-Currency Exposures to the Swiss Franc*
... N ET F Xijt is −10 percent. Thus a 10 percent depreciation of its currency against ...
... N ET F Xijt is −10 percent. Thus a 10 percent depreciation of its currency against ...
in Central, Eastern, and Southern European
... We are pleased to introduce this volume, which summarizes the proceedings of an important and timely conference on the key policy challenge of reinvigorating credit growth in Central, Eastern, and Southern European Economies (CESEE).1 The need to act decisively and remove structural barriers to a hi ...
... We are pleased to introduce this volume, which summarizes the proceedings of an important and timely conference on the key policy challenge of reinvigorating credit growth in Central, Eastern, and Southern European Economies (CESEE).1 The need to act decisively and remove structural barriers to a hi ...
Who Gains and Who Loses from the Exchange Rate System in
... With respect to the welfare analysis of a MER system, literature is found in general to be based on a static and partial equilibrium framework under the classic real trade theory approach. It is often involved determining the equilibrium exchange rate and shadow exchange rate in the presence of trad ...
... With respect to the welfare analysis of a MER system, literature is found in general to be based on a static and partial equilibrium framework under the classic real trade theory approach. It is often involved determining the equilibrium exchange rate and shadow exchange rate in the presence of trad ...
colgate-palmolive company
... new guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. On February 18, 2015, the FASB issued ASU No. 2015-02 “Consolidation (Topic 810): Amendments to the Consolidation Analysis” that amends the current consolidation guidance. The amendments affect ...
... new guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. On February 18, 2015, the FASB issued ASU No. 2015-02 “Consolidation (Topic 810): Amendments to the Consolidation Analysis” that amends the current consolidation guidance. The amendments affect ...
Trade and Development Report, UNCTAD, 2004
... After years of slow growth, a global recovery that includes many developing countries now appears to be under way. If it is sustained and widened, the recovery could be a step forward on the way to meeting the Millennium Development Goals by the internationally agreed target year of 2015. The curren ...
... After years of slow growth, a global recovery that includes many developing countries now appears to be under way. If it is sustained and widened, the recovery could be a step forward on the way to meeting the Millennium Development Goals by the internationally agreed target year of 2015. The curren ...
Global financial system
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a series of reciprocal trade agreements slowly reduced tariffs worldwide. Efforts to revamp the international monetary system after World War II improved exchange rate stability, fostering record growth in global finance.A series of currency devaluations and oil crises in the 1970s led most countries to float their currencies. The world economy became increasingly financially integrated in the 1980s and 1990s due to capital account liberalization and financial deregulation. A series of financial crises in Europe, Asia, and Latin America followed with contagious effects due to greater exposure to volatile capital flows. The global financial crisis, which originated in the United States in 2007, quickly propagated among other nations and is recognized as the catalyst for the worldwide Great Recession. A market adjustment to Greece's noncompliance with its monetary union in 2009 ignited a sovereign debt crisis among European nations known as the Eurozone crisis.A country's decision to operate an open economy and globalize its financial capital carries monetary implications captured by the balance of payments. It also renders exposure to risks in international finance, such as political deterioration, regulatory changes, foreign exchange controls, and legal uncertainties for property rights and investments. Both individuals and groups may participate in the global financial system. Consumers and international businesses undertake consumption, production, and investment. Governments and intergovernmental bodies act as purveyors of international trade, economic development, and crisis management. Regulatory bodies establish financial regulations and legal procedures, while independent bodies facilitate industry supervision. Research institutes and other associations analyze data, publish reports and policy briefs, and host public discourse on global financial affairs.While the global financial system is edging toward greater stability, governments must deal with differing regional or national needs. Some nations are trying to orderly discontinue unconventional monetary policies installed to cultivate recovery, while others are expanding their scope and scale. Emerging market policymakers face a challenge of precision as they must carefully institute sustainable macroeconomic policies during extraordinary market sensitivity without provoking investors to retreat their capital to stronger markets. Nations' inability to align interests and achieve international consensus on matters such as banking regulation has perpetuated the risk of future global financial catastrophes.