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La política monetaria y su impacto sobre los retornos reales del mercado bursátil chileno
Muñoz, Jorge; Recabal, Claudio; Acuña, Andrés - Volkswirtschaftliche Fakultät, … - 2007
In this article we examined and tested the effects of monetary policy driven by Central Bank of Chile over the Chilean stock market’s real returns for monthly data which spans between I.1996 and XII.2006. Based on a theoretical background, we analyzed the monetary policy from the monetarist...
Persistent link: https://www.econbiz.de/10005260171
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Get rid of banks and build up a modern financial world
Lenz, Rainer - Volkswirtschaftliche Fakultät, … - 2011
The financial crisis has revealed fatal institutional and structural deficits at the finance market. Politics has reacted to the financial crisis with a sea of legal bills and regulations. But all regulating efforts are merely system-imminent reparation measures and do not solve the core...
Persistent link: https://www.econbiz.de/10009322661
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The development of a regional payment system in Central America: A step towards further integration and economic development.
Heinrich, Gregor; García Dubón, Enrique - Volkswirtschaftliche Fakultät, … - 2011
Closer cooperation between neighbouring countries has throughout the ages been part of their respective political agendas. In many regions of the world, the desire to create efficient economic spaces, and eventually perhaps even political union, has been one of the driving forces behind...
Persistent link: https://www.econbiz.de/10011259411
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TARGET2 imbalances and the need for a lender of last resort
Astarita, Caterina; Purificato, Francesco - Volkswirtschaftliche Fakultät, … - 2013
This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis. The development of these balances reflects the change in the distribution of the monetary base among the EMU Member States. During the sovereign debt crisis, while some countries, among...
Persistent link: https://www.econbiz.de/10011259805
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Easing trade costs within Mercosul
Reiss, Daniel G - Volkswirtschaftliche Fakultät, … - 2012
Abstract The paper describes the joint policy of Brazil and Argentina regarding the currency use in bilateral trade. The Local Currency Payment System (SML) framework is investigated as an instrument of reducing trade costs by providing new financial integration mechanisms and its implications...
Persistent link: https://www.econbiz.de/10011113927
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Cashless banking in Nigeria and its implications
Olajide, Victor C. - Volkswirtschaftliche Fakultät, … - 2012
Electronic money has ushered in the cashless banking framework across different countries of the world and this is made possible by the advances in information technology and invention that began in Japan and later the West. However this new introduction into the various economies of the world...
Persistent link: https://www.econbiz.de/10011110269
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Electronic Commerce and Electronic Money - Co-operative efforts undertaken at the Bank for International Settlements (BIS)
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 1998
The article describes the work undertaken by the BIS in 1998 and earlier on "electronic money". (Annotated text, based on a presentation made at the Conference "on "Trends in Electronic Commerce", Hamburg, Germany, 8th June 1998", published at the time at vsis-www.informatik.uni-hamburg.de;...
Persistent link: https://www.econbiz.de/10011113237
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Bitcoin : Future Transaction Currency?
Hosain, Sajjad - 2018
maintains a global, distributed cryptographic ledger of transactions, or blockchain, through a consensus algorithm running on … hardware scattered across the world. This paper basically discusses on the nature of cryptocurrency & blockchain, how it works … and present status of bitcoin blockchain in different countries around the world. The various aspects this technology in …
Persistent link: https://www.econbiz.de/10012913440
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The Structural Price Mechanism
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2013
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the help of additional assumptions like perfect competition and equilibrium a price vector is established that displays a host of desired properties. This approach is tightly stuck in a cul-de-sac....
Persistent link: https://www.econbiz.de/10011258865
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Experimental Evidence on Valuation and Learning with Multiple Priors
Qiu, Jianying; Weitzel, Utz - Volkswirtschaftliche Fakultät, … - 2013
Abstract Popular models for decision making under ambiguity assume that people use not one but multiple priors. This paper is a first attempt to experimentally elicit multiple priors. In an ambiguous scenario with two underlying states we measure a subject’s single prior, her other potential...
Persistent link: https://www.econbiz.de/10011258993