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This paper presented the empirical results of the volatility transmission of overnight rate along the yield curve in … case of Pakistan. The results indicate that the volatility transmission of overnight repo rate is higher at the shorter end … underpinning of the interest rates volatility transmission process found in other countries. Moreover, the results also suggest …
Persistent link: https://www.econbiz.de/10011107405
have the largest impact on the volatility of long-term interest rates. Long-term interest rates provide significant upward … the volatility of short-term interest rates. Inflation, peso-dollar exchange rate and non-performing loans significantly … drive the medium-term interest rates and shocks due to these are the largest source of volatility for medium-term interest …
Persistent link: https://www.econbiz.de/10011112367
networks can currently be identified: survival networks and entrepreneurial networks. In the latter, the main interests of the … survival networks evaluate both internal and external business relationships with reference to their effects on rent …-extraction capacities. In Russia today, survival networks predominate and entrepreneurial networks are relatively few in number. …
Persistent link: https://www.econbiz.de/10008596369
survival, since it is found in the non-human world also. In the biological perspective, each individual is at war against all … others. Thus viewed, lies are the cardinal virtues for survival and, by implication, the carriers of evolution. In the human …
Persistent link: https://www.econbiz.de/10008498459
After employing a number of qualitative methodologies in investigating and analyzing the devastating hardships and sufferings inflicted on ordinary Zimbabweans by the hyperinflationary environment bedeviling the country, the study found some interesting things. Some of the hardships and...
Persistent link: https://www.econbiz.de/10008839187
aggressively than incumbent firms. This bidding behavior makes them more susceptible to losses a¤ecting their prospect of survival … of survival of entrants in the market. We find that those who used to exit the market relatively soon are now staying 37 …
Persistent link: https://www.econbiz.de/10005789780
survival depends on health capital produced from time investment and health goods. Higher fundamental inequality, working …
Persistent link: https://www.econbiz.de/10011271680
enough bond supply, the equilibrium shows segmentation in the asset market; only households with good income shocks … rigidities or frictions in the asset market. In an equilibrium with a segmented asset market, open-market operations affect …
Persistent link: https://www.econbiz.de/10011259616
In the paper, we simulate a heterogeneous-agent version of the wage-posting model as derived by Montgomery (1991) with homogeneous workers and differently-productive employers. Wage policy of particular employer is positively correlated with employer’s productivity level and the wage policy of...
Persistent link: https://www.econbiz.de/10005078644
Using a multi-country general equilibrium model, we demonstrate that when agents face credit constraints in an … fluctuations. If the international financial market becomes perfect, only a unique perfect foresight equilibrium is obtained …
Persistent link: https://www.econbiz.de/10009422093