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Central Bank reaction fonction and monetary policy credibility: The case of BEAC
KAMGNA, Severin Yves; NGUENANG, Christian; TALABONG, Hervé - Volkswirtschaftliche Fakultät, … - 2009
Bank of Central African's States (BEAC). First, with a GMM adapted for a forward looking rule, we propose a reaction … function for this central bank. The result shows that from 1986 to 2006, the formulation of the monetary policy strongly …
Persistent link: https://www.econbiz.de/10005029695
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Institutional Clash and Financial Fragility. An Evolutionary Model of Banking Crises
Knutsen, Sverre; Sjögren, Hans - Volkswirtschaftliche Fakultät, … - 2009
There are mainly two types of theories explaining banking crisis, emanating from the monetarist school respectively institutional economics. Using an allegory, monetarists are discussing how much water in terms of liquidity that is needed to stop a fire escalating into a disaster, while...
Persistent link: https://www.econbiz.de/10005836657
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Foreign ownership in Mexican Banking: A Self- Correcting Phenomenon
Tschoegl, Adrian - Volkswirtschaftliche Fakultät, … - 2006
Currently, foreign banks own the banks that hold about 80 percent of the assets in Mexican banks. The paper argues that this is the third instance in which foreign-owned banks have initially comprised a large part of the Mexican banking system, and that in the first two cases (1865-1910 and...
Persistent link: https://www.econbiz.de/10005621479
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The Excess Demand Theory of Money
Kehrwald, Bernie - Volkswirtschaftliche Fakultät, … - 2014
This paper introduces a new monetary theory. A simple model is described in which a central bank sets the interest rate …
Persistent link: https://www.econbiz.de/10011156995
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Development of an explicit rule of monetary policy for the economy of Ukraine
Kozmenko, Serhiy; Savchenko, Taras - Volkswirtschaftliche Fakultät, … - 2013
The paper explains the expediency of developing an explicit rule of monetary policy for the economy of Ukraine. It studies the stages of its development, proving the expediency of formation of monetary rules for money aggregates, evaluates equilibrium values of the rule’s parameters based on...
Persistent link: https://www.econbiz.de/10011258292
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On the Stratonovich – Kalman - Bucy filtering algorithm application for accurate characterization of financial time series with use of state-space model by central banks
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013
estimation of Gross Domestic Product by the Swiss National Bank. Applying the integrative thinking principles, we developed the …
Persistent link: https://www.econbiz.de/10011258833
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Islamic banking and finance in Nigeria: issues, challenges and opportunities
Aliyu, Shehu Usman Rano - Volkswirtschaftliche Fakultät, … - 2012
With increasing wave of popularity and successes of Islamic finance across the world, Nigeria aspires to be the hub of … despite the strong appearance of South Africa and Kenya into the scene. Early this year, the Nigeria’s apex bank issued a … license to Jaiz Bank Plc, to operate as a full-fledged non-interest financial institution (NIFI), while other conventional …
Persistent link: https://www.econbiz.de/10011259279
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Decizii strategice ale politicii monetare
Dumitriu, Ramona; Stefanescu, Răzvan - Volkswirtschaftliche Fakultät, … - 2013
The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...
Persistent link: https://www.econbiz.de/10011259520
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Perspective ale ţintirii inflaţiei
Dumitriu, Ramona; Stefanescu, Razvan - Volkswirtschaftliche Fakultät, … - 2014
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the emerging market countries and for the industrialized ones. In many emerging market countries the central banks adopted more or less formally the inflation targeting, in order to gain...
Persistent link: https://www.econbiz.de/10011259701
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Panika roku 1907 – kryzys finansowy 2008,Sto lat budowania kreatywnego kapitalizmu
Kwasnicki, Witold - Volkswirtschaftliche Fakultät, … - 2013
Usually, current Financial Crisis of 2008 is compared to the Great Depression of 1929. But there are some evidences that our current financial crisis has much more similarities and analogies to the crisis initiated by the panic in 1907. A brief analysis of both crises is presented. This analysis...
Persistent link: https://www.econbiz.de/10011260464