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identified: short term interest rate management, endogeneity of monetary base, endogeneity of money supply. But a lot of basic …
Persistent link: https://www.econbiz.de/10008602649
Since 1980's many central banks have been changing their monetary strategy to explicit inflation targeting. This new monetary concept is based on management of short-term interest rates in the context of relation between inflation prediction and central bank inflation target. Therefore we try to...
Persistent link: https://www.econbiz.de/10005036676
argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of …
Persistent link: https://www.econbiz.de/10008754951
The article provides a general description of the world money development in both developed and developing countries … aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively … of neutrality and superneutrality of money in the light of GDP dynamics during monitored period and practical aspects of …
Persistent link: https://www.econbiz.de/10005036615
The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to respect the principles of internationally accepted standards (especially the International Financial Reporting Standards). We are looking for the basic differences in...
Persistent link: https://www.econbiz.de/10008545880
The purchasing power's difference between currencies appears to trigger a person to make the decision of emigrating, but it does not look to be the only one. European Union enlargement, immigration policies, as well as different personal and/or psychological reasons, have modified migrations...
Persistent link: https://www.econbiz.de/10005430354
The author of this paper criticizes the broad, cash-flow based concepts of seignorage that were introduced and emphasized by the economic literature of the 1990s (i.e., fiscal seignorage, total seignorage, etc.), which the author argues are ill justified and confusing. On the other hand, the two...
Persistent link: https://www.econbiz.de/10008549697
Effectiveness of actual monetary policy depends on the ability of central banks to stabilize the fluctuations of overnight interest rates around their official policy rate. To ensure the functionality of the stabilization mechanism needs the successful balancing between bank's demand for...
Persistent link: https://www.econbiz.de/10005036651
Persistent link: https://www.econbiz.de/10000754790
Persistent link: https://www.econbiz.de/10001443361