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Financial Innovation, Macroeconomic Stability and Systemic Crises
... In our setup, consumers channel funds through collateral-constrained nancial intermediaries to rms operating in more-productive sectors of the economy. Firms manage investment projects but intermediaries retain nancial control over them. Even though nancial contracts can be made contingent on the ag ...
... In our setup, consumers channel funds through collateral-constrained nancial intermediaries to rms operating in more-productive sectors of the economy. Firms manage investment projects but intermediaries retain nancial control over them. Even though nancial contracts can be made contingent on the ag ...
Chapter Two: LOW GROWTH, LOW INTEREST RATES, AND
... What would be the consequences for the financial sector of such a scenario? This chapter examines this question, abstracting from the role of monetary policy and from temporary effects. The chapter argues that the persistence of a prolonged low interest rate environment would present a considerable ...
... What would be the consequences for the financial sector of such a scenario? This chapter examines this question, abstracting from the role of monetary policy and from temporary effects. The chapter argues that the persistence of a prolonged low interest rate environment would present a considerable ...
US Quantitative Easing and the Global Monetary Policymaking
... the countries to follow each other going back at least to the last two decades (Figure 1). This indicates that in addition to domestic variables like output gap and inflation target, global economic conditions and monetary policy stances of the other economies also play a major role in the monetary ...
... the countries to follow each other going back at least to the last two decades (Figure 1). This indicates that in addition to domestic variables like output gap and inflation target, global economic conditions and monetary policy stances of the other economies also play a major role in the monetary ...
Question:What will be the price of a 5 year
... Question:Sriram found that the end of third year, he has Rs. 1158 in his bank account. The interest rate paid by the bank is 5% compounded annually. What is the amount deposited? Rs. 1600 Rs. 1000 Rs. 1050 Rs. 1500 Question:Sriram seeks your assistance in providing him some illustrations for a one d ...
... Question:Sriram found that the end of third year, he has Rs. 1158 in his bank account. The interest rate paid by the bank is 5% compounded annually. What is the amount deposited? Rs. 1600 Rs. 1000 Rs. 1050 Rs. 1500 Question:Sriram seeks your assistance in providing him some illustrations for a one d ...
Capital regulation and credit fluctuations
... banks to entrepreneurs that have higher expected capital productivity than in the other sector. As a consequence, the expected output in the economy would increase. Third, a regulatory capital ratio in the boom that is tighter than the market-imposed capital ratio can implement the expected output g ...
... banks to entrepreneurs that have higher expected capital productivity than in the other sector. As a consequence, the expected output in the economy would increase. Third, a regulatory capital ratio in the boom that is tighter than the market-imposed capital ratio can implement the expected output g ...
Introduction
... downgrades will be avoided and investors will be more protected. Portfolio managers will base on a more valid model. Bank regulation is supported by credit-risk models at the level of the capital requirements. Securitization allowed them to avoid excessive capital provisions in the light of Basel I ...
... downgrades will be avoided and investors will be more protected. Portfolio managers will base on a more valid model. Bank regulation is supported by credit-risk models at the level of the capital requirements. Securitization allowed them to avoid excessive capital provisions in the light of Basel I ...
Causes, Effects and Regulatory Implications of Financial and
... has since become more widely recognised by policy-makers and commentators alike. One particular area where a sea-change in views has occurred relates to the international financial system. As will be discussed later in the report, views have also begun to focus on the role of investor behaviour with ...
... has since become more widely recognised by policy-makers and commentators alike. One particular area where a sea-change in views has occurred relates to the international financial system. As will be discussed later in the report, views have also begun to focus on the role of investor behaviour with ...
CCL Industries Makes First Bolt-On Acquisition For Its Avery Segment
... confidence and spending preferences; general economic and geopolitical conditions; currency exchange rates; interest rates and credit availability; technological change; changes in government regulations; risks associated with operating and product hazards; and CCL’s ability to attract and retain qu ...
... confidence and spending preferences; general economic and geopolitical conditions; currency exchange rates; interest rates and credit availability; technological change; changes in government regulations; risks associated with operating and product hazards; and CCL’s ability to attract and retain qu ...
2015 Global Outlook C Rates, FX and Commodities Research
... that corporate bond buying is just a drop in the illiquid bucket. The US looks the most resilient. The net export drag will be larger than expected but the boost to consumer spending from lower gasoline prices and low interest rates suggest the odds of growth shifting up into the 2.5% to 3.0% range ...
... that corporate bond buying is just a drop in the illiquid bucket. The US looks the most resilient. The net export drag will be larger than expected but the boost to consumer spending from lower gasoline prices and low interest rates suggest the odds of growth shifting up into the 2.5% to 3.0% range ...
Managing Capital Flows in Asia: An Overview of Key Issues
... may have been the most important factor in the surge of foreign equity flows to emerging market economies (Taylor and Sarno 1997). Grenville (2012) has a more intricate view of pull factors: “As emerging countries converge toward the technological frontier their capital stock is being built up from ...
... may have been the most important factor in the surge of foreign equity flows to emerging market economies (Taylor and Sarno 1997). Grenville (2012) has a more intricate view of pull factors: “As emerging countries converge toward the technological frontier their capital stock is being built up from ...
Monetary Stimulus DA – Kentucky 2012
... sheets. Households can refinance their debts into lower rates. Corporations are issuing long-term bonds at record-low rates. They are paying off older, higher-yield debts. This repairs their balancesheets and increases their value. For households, if you can get a lower rate that reduces your paymen ...
... sheets. Households can refinance their debts into lower rates. Corporations are issuing long-term bonds at record-low rates. They are paying off older, higher-yield debts. This repairs their balancesheets and increases their value. For households, if you can get a lower rate that reduces your paymen ...
- Munich Personal RePEc Archive
... accelerator mechanism of Bernanke et al. (1999). They argue that as a result of government intervention, China was relatively unscathed during the world crisis. They point in particular to the fact that the government requested the state-owned banks to support state-owned firms. However, their model ...
... accelerator mechanism of Bernanke et al. (1999). They argue that as a result of government intervention, China was relatively unscathed during the world crisis. They point in particular to the fact that the government requested the state-owned banks to support state-owned firms. However, their model ...
NBER WORKING PAPER SERIES UNINSURED IDIOSYNCRATIC INVESTMENT RISK AND AGGREGATE SAVING George-Marios Angeletos
... Huggett, 1993, 1997; Krusell and Smith, 1998) by examining the macroeconomic impact of idiosyncratic investment risks. These risks are shown to have very different steady-state and business-cycle implications than labor-income risks. In this respect, the paper complements my work in Angeletos and Cal ...
... Huggett, 1993, 1997; Krusell and Smith, 1998) by examining the macroeconomic impact of idiosyncratic investment risks. These risks are shown to have very different steady-state and business-cycle implications than labor-income risks. In this respect, the paper complements my work in Angeletos and Cal ...
The Education of Ben Bernanke
... Bernanke has a serious manner, befitting a scholar who once expected to spend his entire career in academia. He is shy and seemed faintly ill at ease, stiffly folding his arms while we talked; his hand trembled slightly when he gave me one of his books. He answered questions with an absence of emoti ...
... Bernanke has a serious manner, befitting a scholar who once expected to spend his entire career in academia. He is shy and seemed faintly ill at ease, stiffly folding his arms while we talked; his hand trembled slightly when he gave me one of his books. He answered questions with an absence of emoti ...
International Financial Reporting Standards (IFRS)
... Copyright © CPA Australia Ltd (ABN 64 008 392 452), 2010. All rights reserved. Save and except for direct quotes from the International Financial Reporting Standards (IFRS) and accompanying documents issued by the International Accounting Standards Board (IASB) (“IFRS Copyright”), all content in the ...
... Copyright © CPA Australia Ltd (ABN 64 008 392 452), 2010. All rights reserved. Save and except for direct quotes from the International Financial Reporting Standards (IFRS) and accompanying documents issued by the International Accounting Standards Board (IASB) (“IFRS Copyright”), all content in the ...