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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
A new database of World Bank loans to support financial sector development is used to investigate whether countries …
Persistent link: https://www.econbiz.de/10015360570
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
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
Purpose – The purpose of this paper is to emphasize that interest-rate benchmark cannot be used for pricing of Islamic financial products. This paper will help in pricing basis for Islamic financial products, which are currently based on interest-rate benchmarks. Shariyah perspective and...
Persistent link: https://www.econbiz.de/10014684022
Purpose – The purpose of this paper is to examine how policy instability is priced in interest rates. Policy instability refers to the likelihood that the current policy will be changed in the future in the absence of political power shifts. Design/methodology/approach – Chinese...
Persistent link: https://www.econbiz.de/10014694501
investment in China. Design/methodology/approach – This study proposes the “investment preference theory” to explain that bank … funds to stock market and high‐interest‐rate‐bearing bank deposits to keep a good balance between risk and high return on … empirically tested the choices among bank deposit, stock and property investment. This study hopefully deepens the understanding …
Persistent link: https://www.econbiz.de/10014778148
Purpose – Computing the duration of real estate assets is a challenging task due to the particularities of the property market. This paper aims to develop an empirical model to compute the interest‐rate sensitivity of direct real estate assets in the Swiss multifamily housing market....
Persistent link: https://www.econbiz.de/10014898264
Purpose The purpose of this paper is to study connections between interest rate risk and credit risk and investigate the inter-risk diversification benefit due to the joint consideration of these risks in the banking book containing sovereign debt. Design/methodology/approach The paper develops...
Persistent link: https://www.econbiz.de/10014901848
and the bank, as it measures the actual rate of return to both parties in MM contract. Research limitations … implications The finding also sheds some light on the recommendation by Bank Negara Malaysia, which is to consider RR that is more …
Persistent link: https://www.econbiz.de/10014826986