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Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto
Nuri, Vladimir Z. - EconWPA - 2002
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
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Capital Account Liberalisation: Empirical Evidence and Policy Capital Account Liberalisation: Empirical Evidence and Policy Issues - I
Kohli, Renu - EconWPA - 2004
This paper documents trends in capital flows into India in a comparative perspective,examines the impact of these flows on key macroeconomic variables and discusses the implications for economic policy........
Persistent link: https://www.econbiz.de/10005125547
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A TALE OF TWO “GLOBALIZATIONS”: CAPITAL FLOWS FROM RICH TO POOR IN TWO ERAS OF GLOBAL FINANCE
Schularick, Moritz - EconWPA - 2005
In this paper we take a comparative look at capital flows to less- developed countries in two eras of financial globalization. The paper extends recent research on the developmental effects of international financial integration, long-term trends in capital mobility and “globalization in...
Persistent link: https://www.econbiz.de/10005125830
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Capital Account Liberalisation: Empirical Evidence and Policy Issues II
Kohli, Renu - EconWPA - 2004
The short experience with liberalisation of capital inflows documented in this paper highlights the pressures of a capital surge upon domestic monetary management.It also reveals the additional constraint of fiscal- led monetary expansion in India,which are likely to be impediments to future...
Persistent link: https://www.econbiz.de/10005119431
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Capital Flows and Domestic Financial Sector in India
Kohli, Renu - EconWPA - 2004
, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The …
Persistent link: https://www.econbiz.de/10005119480
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Payments-Related Intraday Credit Differentials and the Emergence of a Vehicle Currency
Chakravorti, Sujit - EconWPA - 2001
The hypothesis put forth is that the U.S. dollar's role as a vehicle currency in global foreign exchange markets is linked to the low cost of payments-related intraday credit. After reviewing the types of intraday credit facilities extended to participants on payment systems settling the major...
Persistent link: https://www.econbiz.de/10005062706
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Do bilateral investment treaties increase foreign direct investment to developing countries?
Neumayer, Eric; Spess, Laura - EconWPA - 2004
Foreign investors are often skeptical toward the quality of the domestic institutions and the enforceability of the law in developing countries. Bilateral Investment Treaties (BITs) guarantee certain standards of treatment that can be enforced via binding investor-to- state dispute settlement...
Persistent link: https://www.econbiz.de/10005125530
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What Do Capital Inflows Do? Dissecting the Transmission Mechanism for Thailand, 1980-96
Jansen, W. Jos - EconWPA - 2003
rate appreciation. Inflows are also associated with a greater vulnerability to a liquidity crisis, but not with greater … external solvency risk. Current account deficits are temporary, thus sustainable, as exports catch up with higher imports … within two years. Consequently, the Thai crisis appears to be more of a liquidity crisis than an external solvency crisis. …
Persistent link: https://www.econbiz.de/10005561174
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Measuring Loss Potential of Hedge Fund Strategies
Prado, Marcos Mailoc López de; Peijan, Achim - EconWPA - 2005
We measure the loss potential of Hedge Funds by combining three market risk measures: VaR, Draw-Down and Time Under … results clearly state that market risk may be substantially underestimated by those models which assume Normality or, even … considering Non-Normality, neglect to model time- dependence. Moreover, VaR is an incomplete measure of market risk whenever the …
Persistent link: https://www.econbiz.de/10005134729
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Wavelets in Econometrics: An Application to Outlier Testing
Greenblatt, Seth A. - EconWPA - 1994
In recent years, wavelets have become widely used in physics, engineering, and mathematics. They have been used for signal processing, image processing, numerical computation, and data compression. Wavelets have not, however, been used very much in the fields of Economics, Econometrics, and...
Persistent link: https://www.econbiz.de/10005124893