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Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
This paper makes a theoretical and an empirical contribution to the debate on what caused the "global imbalances". On the empirical side, I provide different types of evidence to support that housing demand shocks (shocks to the aggregate marginal rate of substitution between housing and...
Persistent link: https://www.econbiz.de/10008619183
This is a paper on the theory of capital. It deals with the role of capital in a cost-of-production theory of value in which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary expression of abstract labour-value’ (MEV) is...
Persistent link: https://www.econbiz.de/10011259439
Savings are allocated over the acquisition of assets like homes, shares and bonds and government debt paper. For a home …. The value of savings out of the increased income levels were worth less and less in purchasing power as compared to the … asset price movements. The savings depreciation factor was 34% over the latter period. Both the Houses of Congress and the …
Persistent link: https://www.econbiz.de/10011259860
also be placed on the costs of debt and the accumulation of savings in pension funds in this use of funds theory. It will … savings, rather than relying on a transfer system from those in work to those in retirement. …
Persistent link: https://www.econbiz.de/10011260805
Raising money and directing it into savings is the most important passive task in banking. Restrictive monetary policy …
Persistent link: https://www.econbiz.de/10005835971
the simplicity that makes a model more tractable from an operational standpoint may have several drawbacks as a result of the necessarily restrictive assumptions it employs. This paper assesses the empirically the trade-off between its simplifying assumptions and its ability to fit reality. This...
Persistent link: https://www.econbiz.de/10005619694
Savings can be used in two different applications. Companies will nearly always use savings –equity, loans and bonds …- to help produce and increase output and increase employment levels –the economic use of savings-. Individual households … new construction of homes –an economic use of savings-, but also forces house prices up above the increase in average …
Persistent link: https://www.econbiz.de/10011109832
elasticities of the study reveal that money demand is positively and more elastic to investment expenditures, household … period lagged money demand, investment expenditures and prices are significantly elastic to demand for money. The results of …
Persistent link: https://www.econbiz.de/10011111435
In this paper we investigate the different nuances of India’s capital account management through empirical analyses as well as descriptive discussions. In particular we study the evolution of the capital control regime in India since 1991, and explore the rationale behind liberalizing certain...
Persistent link: https://www.econbiz.de/10011259689