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Migrant remittances: Alternative money transfer channels
Metzger, Martina; Riedler, Tim; Pédussel Wu, Jennifer - 2019
This paper first explores the role of digital financial services, e.g. mobile money systems and cryptocurrency-based systems, and their impact on the choice of migrants to send remittances. Secondly we discuss whether alternative remittances sending channels increase access to financial services...
Persistent link: https://www.econbiz.de/10012109598
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No gender please, we're central bankers: Distributional impacts of quantitative easing
Metzger, Martina; Young, Brigitte - 2020
This paper first explores the role of digital financial services, e.g. mobile money systems and cryptocurrency-based systems, and their impact on the choice of migrants to send remittances. Secondly we discuss whether alternative remittances sending channels increase access to financial services...
Persistent link: https://www.econbiz.de/10012178980
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The long-run determinants of Indian government bond yields
Akram, Tanweer; Das, Anupam - 2017
This paper investigates the long-term determinants of Indian government bonds' (IGB) nominal yields. It examines whether John Maynard Keynes's supposition that short-term interest rates are the key driver of long-term government bond yields holds over the long-run horizon, after controlling for...
Persistent link: https://www.econbiz.de/10011784671
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The dynamics of government bond yields in the Eurozone
Akram, Tanweer; Das, Anupam - 2017
This paper investigates the determinants of nominal yields of government bonds in the eurozone. The pooled mean group (PMG) technique of cointegration is applied on both monthly and quarterly datasets to examine the major drivers of nominal yields of long-term government bonds in a set of 11...
Persistent link: https://www.econbiz.de/10011784679
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Australian government bonds' nominal yields: An empirical analysis
Akram, Tanweer; Das, Anupam - 2018
The short-term interest rate is the main driver of the Commonwealth of Australia government bonds' nominal yields. This paper empirically models the dynamics of government bonds' nominal yields using the autoregressive distributed lag (ARDL) approach. Keynes held that the central bank exerts...
Persistent link: https://www.econbiz.de/10012142957
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Disclosing the undisclosed: Commercial paper as hidden liquidity suffers
Klingler, Sven; Syrstad, Olav - 2021
Using new transaction-level data for non-financial commercial paper (CP) in the U.S., we show that companies systematically reduce their outstanding short-term debt on quarterly and annual disclosure dates. Constraints on CP lending supply cannot explain this pattern. Instead, companies optimize...
Persistent link: https://www.econbiz.de/10013373826
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‘When There is no Place to Hide’: Correlation Riskand the Cross-Section of Hedge Fund Returns
Buraschi, Andrea; Kosowski, Robert; Trojani, Fabio - Swiss National Centre of Competence in Research North … - 2010
This paper analyzes the relation between correlation risk and the cross-section of hedge fund returns.Legal framework and investment mandate imply that hedge funds can be severely exposed tocorrelation risk: Hedge funds ability to enter long-short positions can be useful to reduce marketbeta,...
Persistent link: https://www.econbiz.de/10009248845
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Structured Microfinance in China
Byström, Hans - 2007
In this paper we discuss the potential for commercial microfinance in China. Particular emphasis is put on … securitization of microloans and on structured microfinance in a China context. Three particular factors that we believe could … side, structured microfinance could be an important tool for fighting unemployment in China. It could also be used to …
Persistent link: https://www.econbiz.de/10013208521
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Lending for Growth? An Analysis of State-Owned Banks in China
Andersson, Fredrik N. G.; Burzynska, Katarzyna; Opper, Sonja - 2013
This paper provides the first comparative analysis of different types of publicly owned banks operating in China … between 1997 and 2008. Using principal component analysis and Granger-causality tests, this study shows that China's state … commercial banks did promote domestic growth. China's experience presents a more nuanced picture of state banking that goes …
Persistent link: https://www.econbiz.de/10013208648
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Currency concerns under uncertainty: The case of China
Sen, Sunanda - 2013
The recent declines in China's financial account balance ended the twin surplus era and led to a modest decline in the … have been visible in China's financial balances since the last quarter of 2011, have heightened fears/anxiety in markets … dollar deposits. These changes have, of late, been a cause of concern relating to the future of China's economic relations …
Persistent link: https://www.econbiz.de/10010318623