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The integration process in the European banking sector considerably differs with regard to product types. Deep integration can be observed in the money market as well as the market for wholesale products. In contrast to that, a strong segmentation of national markets still exists in the field of...
Persistent link: https://www.econbiz.de/10013136603
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
The search for the credibility of monetary policies during the recent decades this is materialized , among other things, changes in the laws that govern the activities of the Central Bank, supposed main guarantor of the proper conduct of monetary policy. These changes are aimed , essentially the...
Persistent link: https://www.econbiz.de/10011274381
inflation for different horizons. We design our forecast experiment for the post-oil boom years of 2010-2014 and compare … advantage over naïve ones in boom and pre-boom years. We find that despite declining volatility in inflation over the post … of inflation. …
Persistent link: https://www.econbiz.de/10011251893
sectors, we deduce the overall inflation generated by direct and indirect requirements for the total economy. For example, an … increase in oil prices by 75% generates a global inflation cost between 5.5% and 8%. Symmetric scenarios indicate no strong … asymmetrical effects. The generated inflation may alter the stable path of inflation recorded over the past fifteen years putting …
Persistent link: https://www.econbiz.de/10011253053
formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …
Persistent link: https://www.econbiz.de/10011258720
likelihood of a variety of crises—banking, currency, external default and inflation. For Latin America, in particular, large … capital flow bonanzas have seldom ended well. The implications for inflation of importing (via less than fully flexible …
Persistent link: https://www.econbiz.de/10011258911
Overall inflation in Bangladesh saw a surge in inflation rate amid rising trend of global commodity prices in the last … few years. Inflation in 2009 was 6.66 percent and 7.31 percent in 2010. As higher inflation might have detrimental impact … on different sectors, this study aims to assess the impact of inflation on the performance of the financial sector in …
Persistent link: https://www.econbiz.de/10011258918
neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …
Persistent link: https://www.econbiz.de/10011258948
The article presents the author's model of pricing at the housing market. Economic indicators according to which the analysis should be carried out are defined in this article. The analysis of prices at the housing market of CIS countries on the example of Moscow in the post-Soviet period is...
Persistent link: https://www.econbiz.de/10011259018