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circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …
Persistent link: https://www.econbiz.de/10008518187
circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …
Persistent link: https://www.econbiz.de/10008555901
This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...
Persistent link: https://www.econbiz.de/10011111080
liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the … monetary policy objective can be enhanced by shifting it from explicit or implicit targeting of low and stable inflation to … explicit targeting of moderate and stable inflation. …
Persistent link: https://www.econbiz.de/10010965576
the risk perception by the economic agents, what are the proper actions the Central Bank should take?" as a starting point …
Persistent link: https://www.econbiz.de/10008788586
Secured debt has become a predominant form of credit. The purpose of this paper is to analyze collateral in a model of money and its interaction with monetary policy. Borrowing capacity, and ultimately consumption, is linked to the value of the asset that serves as collateral, specific to each...
Persistent link: https://www.econbiz.de/10010851491
The countries in the Common Monetary Area (CMA), South Africa, Lesotho, Namibia and Swaziland, have harmonised their monetary and exchange rate policies in a quasi-monetary union since 1990. Lesotho, Namibia and Swaziland (LNS) have pegged their currencies to the South African Rand thus...
Persistent link: https://www.econbiz.de/10009421189
The magnitude of the rise in inflation rate in Indonesia during the height of the 1997 financial crisis was among the … hypotheses of inflation and compares and contrasts the sources of price changes during the pre- and post-1997 financial crisis … two key monetary determinants of the inflation in the country. …
Persistent link: https://www.econbiz.de/10009390605
evaluated the roots of the inflationary pressures and unearthed the sources of sharp variations between the inflation rates of … the various crisis-effected economies. To help fill in this gap, our paper examines and contrasts the sources of inflation … in Thailand, Indonesia and South Korea during the period of 1985 to 2001. A number of potential sources of inflation will …
Persistent link: https://www.econbiz.de/10008740119
The magnitude of the rise in inflation rate in Indonesia during the height of the 1997 financial crisis was among the … hypotheses of inflation and compares and contrasts the sources of price changes during the pre- and post-1997 financial crisis … two key monetary determinants of the inflation in the country. …
Persistent link: https://www.econbiz.de/10008740140