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Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and … financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that … be driven primarily by bank holding companies with publicly traded stock, especially those companies whose stock is …
Persistent link: https://www.econbiz.de/10001589572
Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...
Persistent link: https://www.econbiz.de/10001591415
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the model using post-1982 data has little effect on these conclusions"--Federal Reserve Bank of New York web site …
Persistent link: https://www.econbiz.de/10001512201
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The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...
Persistent link: https://www.econbiz.de/10001752004
details and in the style of central bank intervention, along both cross-sectional and time-series dimensions of our data. Our … requirements ; central bank procedures …
Persistent link: https://www.econbiz.de/10001630855
"We propose a model of the interbank money market with an explicit role for central bank intervention and periodic … reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at …"--Federal Reserve Bank of New York web site …
Persistent link: https://www.econbiz.de/10001512198
This paper sheds new light on the interactions between business cycles and the consumption distribution. We use Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We first establish that our approach is able to closely match...
Persistent link: https://www.econbiz.de/10011189147