Showing 1 - 10 of 48
Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...
Persistent link: https://www.econbiz.de/10014608656
Purpose The purpose of this paper is to analyze the impact of macroeconomic‐industrial and bank‐specific factors on …. Findings On the one hand, the results show that bank performance is positively related to both idiosyncratic factors, such as … economic growth, inflation, and bank concentration. On the other hand, the results show that bank performance is negatively …
Persistent link: https://www.econbiz.de/10014677049
sector is positively associated with bank‐specific interest spreads after controlling for other bank‐specific and exogenous … sample of private‐owned banks. Findings – Changes in industry concentration do not affect bank‐level interest margins of Sri …
Persistent link: https://www.econbiz.de/10015005784
of 959 Italian households on the basis of data from the Survey on Household Income and Wealth by the Bank of Italy and …
Persistent link: https://www.econbiz.de/10014862678
Purpose – This study aims to test whether the Islamic bank rate of returns are affected by the deposit rates of the … interest-based bank in Turkey and whether they need to develop additional tools to manage it if they face an interest risk …. Design/methodology/approach – This study tests the causality between the Islamic bank rate of returns and the time deposit …
Persistent link: https://www.econbiz.de/10014826855
This paper employs a Generalised Autoregressive Conditional Heteroske‐dasticity in Mean (GARCH‐M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002. Three direct (office, retail and industrial property) and two indirect (listed...
Persistent link: https://www.econbiz.de/10014868831
Purpose – Interest rate risk, i.e. the risk of changes in the interest rate term structure, is of high relevance in insurers' risk management. Due to large capital investments in interest rate sensitive assets such as bonds, interest rate risk plays a considerable role for deriving the...
Persistent link: https://www.econbiz.de/10014902110
Purpose – The late 2000s Great Recession led to a surge of bank failures in the USA with nearly 300 banks failing from … that may cause bank failures, with special attention given to the role of the agricultural lending portfolios of commercial … banks. The model will have several time period versions that will determine the length of time prior to the actual bank …
Persistent link: https://www.econbiz.de/10014667170
of the term structure of interest rates as the main indicator of central bank policy. However, a term structure oriented … Geldpolitik in stärkerem Maße an der Zinsstruktur auszurichten. Eine zinsstrukturorientierte Geldpolitik erfordert allerdings …
Persistent link: https://www.econbiz.de/10014608600
deutschen Zinsen an Änderungen der Zinsstruktur gibt. Eine solche Nichtlinearität wird ökonomisch durch heterogene … lineare Cointegration mit Hilfe der so transformierten Daten getestet. Es zeigt sich, daß die deutsche Zinsstruktur gut mit …
Persistent link: https://www.econbiz.de/10014608696