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The possible emergence of the Euro'as an international currency has often been underlined as a by-product of European monetary unification. This report deals with such a possibility both form a positive and from a negative point of view.
Persistent link: https://www.econbiz.de/10005486894
The short term market is an important source for banks and institutions to secure funds to align their short term asset liability mismatches. Central Banks use the market to signal policy stance changes. In India, Reserve Bank of India uses monetary policy not only to signal the policy stances...
Persistent link: https://www.econbiz.de/10011108774
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on three occasions during the 7...
Persistent link: https://www.econbiz.de/10011109596
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...
Persistent link: https://www.econbiz.de/10011110135
The study attempts to ascertain the determinants of non-performing loans in the Guyanese banking sector using a panel dataset and a fixed effect model similar to Jimenez and Saurina (2005). Consistent with international evidence we find that the real effective exchange rate has a significant...
Persistent link: https://www.econbiz.de/10011111386
This is a review-article of a collection of essays written by monetary circuit theorists in honour of Augusto Graziani, edited in 2005 by G. Fontana and R. Realfonzo with the title "The Monetary Theory of Production: Tradition and Perspectives", for Palgrave Macmillan.
Persistent link: https://www.econbiz.de/10011111918
This paper introduces a new monetary theory. A simple model is described in which a central bank sets the interest rate in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian liquidity preference theory and the neoclassical loanable...
Persistent link: https://www.econbiz.de/10011156995
Hasta 2008, el excedente de liquidez se caracterizó por mantenerse en niveles reducidos (Bs1.000 millones en promedio). Sin embargo, desde 2009 estos niveles se elevaron considerablemente (en febrero de 2010 superaron los Bs8.000 millones). La investigación busca las razones que determinaron...
Persistent link: https://www.econbiz.de/10011266936
Persistent link: https://www.econbiz.de/10011092640
The article explores the possibility of interaction between financial and industrial sectors of an economy via such a new economic notion as a pervasive money field, which is used to pin down the elusive entropy of financial markets. The theory of a field originally comes from physics and we...
Persistent link: https://www.econbiz.de/10011112654