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Endividamento antes e após a introdução do euro: análise ARDL do caso português
Gaspar, Catarina; Fuinhas, José Alberto; Marques, … - 2014
were used. The UECM of the ARDL model was applied which allowed capturing the long-run and short-run effects. The results … the presence of different variables in explaining the level of indebtedness in both periods. In the first period (1991M1 …- 1998M12), only financial effort is relevant when explaining the level of indebtedness of the economic agents. In the second …
Persistent link: https://www.econbiz.de/10015243167
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Does Fed Funds Target Interest Rate Lead Bank of England’s Bank Rate and European Central Bank’s Key Interest Rate?
Çelik, Sadullah; Deniz, Pınar - 2009
It has been a long debate whether Fed Funds target interest rate (FFTR) has significant explanatory power on interest rates in other countries. In this paper, we analyze the effects of FFTR on Bank of England (BOE) bank rate and European Central Bank (ECB) key interest rate employing-the rather...
Persistent link: https://www.econbiz.de/10015216565
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The Term Structure of Interest Rate as a Predictor of Inflation and Real Economic Activity: Nonlinear Evidence from Turkey
Omay, Tolga - 2008
This study investigates whether the term structure of interest rates contains useful information about future real economic activity and inflation in Turkey during the 1991:7-2004:3 periods. In order to analyze these relationships, we have employed the Generalized Impulse Response (GIRF)...
Persistent link: https://www.econbiz.de/10015225485
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The expectations hypothesis of the term structure: some empirical evidence for Portugal
Silva Lopes, Artur C.; M. Monteiro, Olga Susana - 2007
The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with...
Persistent link: https://www.econbiz.de/10015229070
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Financial Instability, Uncertainty and Banks’ Lending Behaviour
Swamy, Vighneswara; S, Sreejesh - 2012
Why do banks squeeze their lending activity? is an oft-repeated question during the times of financial crisis. This study examines an emerging economy’s banking system and contributes to the evolving body of literature on the topic by providing answers as to what causes the sluggish bank...
Persistent link: https://www.econbiz.de/10015237385
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Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions
Montañés, Antonio; Olmos, Lorena - 2013
This paper analyses to what extent the Spanish regions have undergone a process of convergence since 1980. The application of unit root techniques to the data of the Human Development Index allow us to show that the evolution of the Spanish economy can be understood as a sum of divergent forces,...
Persistent link: https://www.econbiz.de/10015237452
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Financial Instability, Uncertainty and Banks’ Lending Behaviour
Swamy, Vighneswara; S, Sreejesh - 2012
Why do banks squeeze their lending activity? is an oft-repeated question during the times of financial crisis. This study examines an emerging economy’s banking system and contributes to the evolving body of literature on the topic by providing answers as to what causes the sluggish bank...
Persistent link: https://www.econbiz.de/10015238627
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Long-run Effects of Government Debt on Interest Rate: Evidence for Bangladesh
Kundu, Nobinkhor; Khandaker, M.A. Munim - 2016
This paper explores the phenomenon that each year a major portion of the government debt in Bangladesh is expended on interest payment, giving rise to more budgetary deficit in the future. Ever-rising government debt is, however, not the only budgetary item that may be responsible for crowding...
Persistent link: https://www.econbiz.de/10015212384
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Short and long run tests of the expectations hypothesis: the Portuguese case
Silva Lopes, Artur C. B. da; Monteiro, Olga Susana - 2008
The purpose of this paper is to test both short- and long-run implications of the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results support only a very weak, long-run or "asymptotic" version of the...
Persistent link: https://www.econbiz.de/10015213056
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Policy Brief: The Effects of Interest Rate Volatility and Money Demand in Sierra Leone using ARDL Estimation
Daboh, Foday; Jackson, Emerson Abraham - 2024
instability. Using the ARDL model and bolstered by the stability exhibited in CUSUM and CUSUM square tests, we explore the impact …
Persistent link: https://www.econbiz.de/10015213546