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A Note on Cryptocurrencies and Currency Competition
Almosova, Anna - 2018
The recent development of private cryptocurrencies has created a need to extend existing models of private currency provision and currency competition. The outcome of cryptocurrency competition should be analyzed in a model which incorporates important features of the modern cryptocurrencies. In...
Persistent link: https://www.econbiz.de/10012433155
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An empirical analysis of Swedish government bond yields
Akram, Tanweer; Yadav, Mahima - 2024
variables, such as consumer price inflation, the growth of industrial production, the stock price index, the exchange rate of …
Persistent link: https://www.econbiz.de/10014581759
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Multifactor Keynesian models of the long-term interest rate
Akram, Tanweer - 2021
Using panel data models, we analyze the flypaper effects-whether intergovernmental fiscal transfers or states' own income determine expenditure commitments - on ecological fiscal spending in India. The econometric results show that the unconditional fiscal transfers, rather than the states' own...
Persistent link: https://www.econbiz.de/10012818355
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The macrodynamics of Indian Rupee swap yields
Akram, Tanweer; al Mamun, Khawaja Abdullah - 2023
influence on long-term INR swap yields after controlling for other factors, such as core inflation, the growth of industrial …
Persistent link: https://www.econbiz.de/10014474477
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An inquiry concerning Japanese yen interest rate swap yields
Akram, Tanweer; al Mamun, Khawaja Abdullah - 2023
variables, such as core inflation, the growth of industrial production, the percentage change in the equity price index, and the … influence on the long-term swap yield in some periods but not in other periods in which core inflation exerts a marked influence …
Persistent link: https://www.econbiz.de/10014474486
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A note concerning government bond yields
Akram, Tanweer - 2020
This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...
Persistent link: https://www.econbiz.de/10012610205
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Japan's liquidity trap
Akram, Tanweer - 2016
foster renewed economic growth and prosperity. Paul Krugman (1998a, b) and Ben Bernanke (2000; 2002) identify low inflation … sustained monetary easing as the key to reigniting inflation, creating an exit from a liquidity trap through low interest rates …
Persistent link: https://www.econbiz.de/10011784652
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China's evolving reserve requirements
Ma, Guonan; Xiandong, Yan; Xi, Liu - 2011
This paper examines the evolving role of reserve requirements as a policy tool in China. Since 2007, the Chinese central bank (PBC) has relied more on this tool to withdraw domestic liquidity surpluses, as a cheaper substitute for open-market operation instruments in this period of rapid FX...
Persistent link: https://www.econbiz.de/10012148649
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Revisiting the properties of money
Hull, Isaiah; Sattath, Or - 2021
The properties of money commonly referenced in the economics literature were originally identified by Jevons (1876) and Menger (1892) in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic coins, and paper bills. In the digital era, many...
Persistent link: https://www.econbiz.de/10013162039
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Inflation and welfare in long-run equilibrium with firm dynamics
Janiak, Alexandre; Monteiro, Paulo Santos - 2009
We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of … establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … United States economy and the long-run equilibrium properties are compared at low and high inflation. We find that, when the …
Persistent link: https://www.econbiz.de/10010269435