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Economics and Theoretical Physics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
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Market Myths in Contemporary Economics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
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Indian money market dynamics
Nath, Golaka; Raja N, Aparna - Volkswirtschaftliche Fakultät, … - 2012
The short term market is an important source for banks and institutions to secure funds to align their short term asset liability mismatches. Central Banks use the market to signal policy stance changes. In India, Reserve Bank of India uses monetary policy not only to signal the policy stances...
Persistent link: https://www.econbiz.de/10011108774
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Open Market Operations and Macroeconomic Stability in Nigeria: An Application of Co-Integration and Error Correction Modeling
Shehu Usman Rano, Aliyu - Volkswirtschaftliche Fakultät, … - 2005
This paper seeks to empirically assess the impact of indirect tool of monetary control on macroeconomic stability in the Nigerian economy. Four key areas were modeled using a static model. Results from both static and dynamic models were presented and the latter model yields more consistent and...
Persistent link: https://www.econbiz.de/10011113950
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Designing a Financial Stability Architecture for a Regionally Integrated Financial Space: The European Experience.
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2015
– at least for the banking sector - the ECB takes on a rather powerful role of policy making, oversight and enforcement …
Persistent link: https://www.econbiz.de/10011211860
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Sovereign debt crises and financial bailouts: the anatomy and components of an everlasting relationship (I)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
This paper highlights why financial bailouts are an inevitable and necessary element in global efforts aimed at ensuring that financial stability is sustained. How could such bailouts be conducted in such a way that moral hazard does not become a too frequent, ever recurring issue? Systemic...
Persistent link: https://www.econbiz.de/10011260835
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The role of monetary policy in matters relating to financial stability: Monetary policy responses adopted during the most recent Financial Crisis
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
As well as providing an analysis of how financial stability could be sustained through the appropriate targeting of policy instruments at debt gearing, this paper aims to provide an overview of the respective roles which governments and shareholders could assume in deterring financial...
Persistent link: https://www.econbiz.de/10008740556
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Monetary policy in Europe vs the US: what explains the difference?
Uhlig, Harald - Volkswirtschaftliche Fakultät, … - 2007
This paper compares monetary policy in the US and EMU during the last decade, employing an estimated hybrid New Keynesian cash-in-advance model, driven by five shocks. It appears that the difference between the two monetary policies between 1998 and 2006 is due to both surprises in productivity...
Persistent link: https://www.econbiz.de/10005787158
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Taylor Rules and the Euro.
Tanya, Molodtsova; Nikolsko-Rzhevskyy, Alex; Papell, David - Volkswirtschaftliche Fakultät, … - 2008
better description of ECB than of Fed policy during this period. While the evidence of predictability is only found for …
Persistent link: https://www.econbiz.de/10005789851
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The spillover effects of target interest rate news from the U.S. Fed and the European Central Bank on the Asia-Pacific stock markets
Suk-Joong, Kim; Do Quoc Tho, Nguyen - Volkswirtschaftliche Fakultät, … - 2008
(ECB)’s target interest rate news on the market returns and return volatilities of 12 stock markets in the Asia … speed of adjustment for the Fed’s news are mixed across the markets, the ECB news was absorbed slowly, in general. The … ECB news elicited tardy or persisting volatility responses. These findings have important implications for all levels of …
Persistent link: https://www.econbiz.de/10005027117