Showing 1 - 10 of 109
In this paper, we attempt to estimate reaction functions of the Central Bank of the Republic of Turkey (CBRT) based on … Taylor rule and Hybrid McCallum-Taylor rule. We apply Generalized Methods of Moments (GMM) and Limited Information Maximum …. -- inflation targeting ; Taylor rule ; Hybrid McCallum-Taylor rule ; generalized methods of moments ; limited information maximum …
Persistent link: https://www.econbiz.de/10010058693
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671
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1994. One of the purposes of the branching restriction was to avoid bank concentration. The following paper addresses the … influence of the state deregulation on commercial banks’ efficiency within the US. We calculate an indicator of bank efficiency … branching law deregulation on bank’s efficiency. The analysis is complemented with a failure prediction model using these DEA …
Persistent link: https://www.econbiz.de/10009959097
This paper analyzes entry deterrence strategies at sequential multi-unit Englishtype repeated auctions, motivated by entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean Sea Bass industrial fishery. It analyzes parametric...
Persistent link: https://www.econbiz.de/10009959115
The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of debate regarding the profession of economists and the role of macroeconomics and monetary policies. The first question that arose was why there was a lack of anticipation of the...
Persistent link: https://www.econbiz.de/10010079775
In this paper we attempt to determine whether the Chinese foreign exchange reserves have been too large. We empirically analyzed the foreign exchange reserves first by using the rate analysis method and then using the cost-profit method. Using the rate analysis method we found that the Chinese...
Persistent link: https://www.econbiz.de/10010009112
significant only for the case of Turkey. The result implies that Central Bank of the Republic of Turkey (CBRT) may respond to the …
Persistent link: https://www.econbiz.de/10010148062
The objective of this study is to review the recently introduced cashless policy in Nigeria and in particular, assess peoples’ behaviours and attitudes towards the policy in Lagos where it is operational. It is found that while 92% of the sample is aware of the cashless policy, only 58%...
Persistent link: https://www.econbiz.de/10010148072