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Interest in commodity prices as indicators of consumerprice inflation has ebbed and flowed withthe rise and fall in … predictivepower has returned. Inflation hawks point to an outpouringof studies in the late 1980s showing a strong empiricalconnection … between commodity prices and subsequentconsumer inflation. Indeed, the concern over commoditieshas grown to the point where …
Persistent link: https://www.econbiz.de/10005870352
The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility. Fragility is assumed to affect theauthorities’ sensitivity to a combination of high real interest rates and unemployment.An increase in fragility expands the region of...
Persistent link: https://www.econbiz.de/10005869186
The theory of seigniorage is surveyed and reviewed. A theoretical model is developedwhich nests optimal tax theory and institutional approaches to fiscal and monetarypolicy...
Persistent link: https://www.econbiz.de/10005869187
Interest is an important issue in investment and finance theory. Despite this fact it is seldom analyzed in cost accounting. There the calculation of interest costs follows practical rules.(...)
Persistent link: https://www.econbiz.de/10005840309
This paper analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life insurance company selling with profit life insurance policies with a cliquet-style interest rate guarantee. Three representative companies are considered, each using a different...
Persistent link: https://www.econbiz.de/10009418834
Kennzeichnet man Banken von i h r e r s p e z i e l l e n Funktionsübernahmei n e i n e r V o l k s w i r t s c h a f t her, so s t e l l t man f e s t , daß Banken,insbesondere die das B i l d des modernen deutschen Bankensystemsbeherrschenden Universalbanken (1), heute üblicherweisefolgende...
Persistent link: https://www.econbiz.de/10009418854
Rechnungssystemzu den in der Praxis intensiv genutzten Instrumenten unseres Faches. Bis hinzu eher am Haushaltswesen orientierten öffentlichen Unternehmen wie Krankenhäusernoder neuerdings der Bundespost1 sieht man ihre Einrichtung als notwendig an. Andererseitsweist sie eine große Zahl...
Persistent link: https://www.econbiz.de/10009418856
[...]In this paper, we employ a different empirical strategy tostudy the effects of ownership structure on firm performancethat is free from any corporate events in the ratherhomogenous banking industry. In essence, the performance ofpublicly traded bank holding companies (BHCs) is comparedwith...
Persistent link: https://www.econbiz.de/10005869755
Central bank policymakers are not primarilyrandom number generators.1 Reading boththe financial press and the work of academics,however, one might get the opposite impression.Reporters (and the readers of their stories) seem toattach considerable importance to each Federal OpenMarket Committee...
Persistent link: https://www.econbiz.de/10005870097
The deterioration in the financial climate over the past12 months has eroded consumers’ confidence in theirown financial security, with 58% of consumers eitherdisagreeing (33%) or disagreeing strongly (25%) thatthey feel more financially secure.This can be attributed, to some extent, to...
Persistent link: https://www.econbiz.de/10005870204