Showing 1 - 10 of 2,134
The paper discusses the structural changes taking place in the financial system of the Republic of Croatia after the country became independent. Particular attention is given to the banking system, bankruptcies and rehabilitation of banks. Furthermore, the paper analyzes the development of...
Persistent link: https://www.econbiz.de/10005836443
controls for bank and time random effects. The longer a bank was entered into the deposit insurance system, the greater was its …
Persistent link: https://www.econbiz.de/10005789735
This paper explores the relationship between Milton Friedman’s work and the work on Divisia monetary aggregation, originated by William A. Barnett. The paradoxes associated with Milton Friedman’s work are largely resolved by replacing the official simple-sum monetary aggregates with monetary...
Persistent link: https://www.econbiz.de/10011260064
argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for … the free issue of bank notes) that would enable the banks to provide more and cheaper credit. Furthermore, Hayek comes up … right to issue bank notes (demand for free banking) which can be redeemable in the established national gold or silver …
Persistent link: https://www.econbiz.de/10011260508
This paper analyzes the Eurodollar market, investigating the reasons for its expansion after 1973, and the consequences for monetary policy. In the first part of the paper, the issue of credit and money creation by offshore banks is considered. The nature of the liquidity creation process is...
Persistent link: https://www.econbiz.de/10011189004
This paper builds monthly time-series of Divisia monetary aggregates for the Gulf area for the period of June 2004 to December 2011, using area-wide data. We also offer an "economic stability" indicator for the GCC area by analyzing the dynamics pertaining to certain variables such as the dual...
Persistent link: https://www.econbiz.de/10011107521
Indian currency rupee is depreciating rapidly against the US dollar and other foreign currencies. This paper analyses the major causes of this depreciation. It also discusses its cures.
Persistent link: https://www.econbiz.de/10011109724
This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...
Persistent link: https://www.econbiz.de/10011111080
This is a short essay on the present state of a controversial problem: that of the relationship between the supply and the demand for money. Exogeneous or endogenous money supply? The different positions taken in the literature on the subject are examined and discussed. The author's confidence...
Persistent link: https://www.econbiz.de/10011112523
This paper is looking into the causes of the GDP decline in Russia during 2008-2009 and the slow-down of the GDP growth … Great Depression during 1929-1933 and the 2008-2009 crisis. Possible measures necessary for growth in Russia are …
Persistent link: https://www.econbiz.de/10011113272