Showing 1 - 10 of 15,755
Persistent link: https://www.econbiz.de/10001652014
Using a simple method, based on forward interest spreads, we analyse the recent movements in the 10-year yield differentials between three currencies (Italian lira; Spanish peseta; Swedish krona) and the DM in order to gauge the extent to which the reduction in these differentials was due to...
Persistent link: https://www.econbiz.de/10014214618
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country panel...
Persistent link: https://www.econbiz.de/10013007484
Forward guidance about future policy settings, in the form of a published policy-rate path, has for many years been a natural part of normal monetary policy for several central banks, including the Reserve Bank of New Zealand and the Swedish Riksbank. More recently, the Federal Reserve has...
Persistent link: https://www.econbiz.de/10013039629
Eurozone countries today) and two - Finland and Sweden - after floating the currency.All four episodes were associated with an … occurred because the sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large …
Persistent link: https://www.econbiz.de/10013118837
- Finland and Sweden - after floating the currency. All four fiscal episodes were associated with an expansion; but only in … sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large depreciation after … wage negotiation process. In Finland and Sweden, the adoption of inflation targeting at the same time of the consolidation …
Persistent link: https://www.econbiz.de/10013067012
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10013048590
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014397927
This paper applies the Capital Asset Pricing Model to help explain the anomalous behavior of real interest rates during the last several years. Specifically,we are able to show that the increased volatility of bond prices since the change in Federal Reserve operating procedure in October 1979...
Persistent link: https://www.econbiz.de/10013247213
Persistent link: https://www.econbiz.de/10010237293