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Limited Commitment, Inaction and Optimal Monetary Policy
Mirzoev, Tokhir - EconWPA - 2004
commitment outweigh welfare costs of central bank's inaction. Second, we solve for the optimal frequency of policy adjustment and …
Persistent link: https://www.econbiz.de/10005076774
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The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003
Salas, John Michael Ian S. - EconWPA - 2004
This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy …
Persistent link: https://www.econbiz.de/10005561255
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Money as an indicator variable for monetary policy when money demand is forward looking
Kajanoja, Lauri - EconWPA - 2004
This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We use a forward and backward looking model, calibrated for the euro area. The policymaker cannot completely observe the state of the economy. Money reveals some of the private...
Persistent link: https://www.econbiz.de/10005126466
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Financial Globalization and Regulation
Arestis, Philip; Basu, Santonu - EconWPA - 2004
This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...
Persistent link: https://www.econbiz.de/10005556603
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Trends in the Canadian Financial System
christian, calmes - EconWPA - 2004
Over the 1990s, Canadian businesses became more heavily dependent on financial markets as their primary source of external funding. Data display a trend towards a more market-oriented financial system. Our econometric tests suggest that this new trend started after the 1980 banking legislation...
Persistent link: https://www.econbiz.de/10005561642
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Private hospitals in Australia
Commission, Productivity - EconWPA - 2001
Amongst other things, this report: . provides a statistical overview of the structure of the industry and the activities of the 500 acute care, psychiatric and day hospitals that operate within it; . looks at some indicators of the industry’s financial performance, efficiency and quality of...
Persistent link: https://www.econbiz.de/10005134599
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Measuring Customer Value and Market Dynamics for New Products of a Firm:An Analytical Construct for Gaining Competitive Advantage
Rajagopal - EconWPA - 2005
The role of customer value has been largely recognized over time by the firms as an instrument towards stimulating market share and profit optimization. The customer values for a new product of firm in competitive markets are shaped more by habits, reinforcement effects, and situational...
Persistent link: https://www.econbiz.de/10005556347
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Capital Regulation and Credit Risk Taking : Empirical Evidence from Banks in Emerging Market Economies
Godlewski, Christophe - EconWPA - 2004
The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in … and legal environment in driving bank capitalization and credit risk taking behavior in emerging market economies. …
Persistent link: https://www.econbiz.de/10005076943
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A Preliminary Evaluation of Monetary Policy Rules for Russia
Souza, Lucio Vinhas de - EconWPA - 2004
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …
Persistent link: https://www.econbiz.de/10005076844
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case.
Neagu, Florian - EconWPA - 2003
central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …
Persistent link: https://www.econbiz.de/10005125534