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country. This book explores the economic impacts of these shared cultural values, focusing on the wider economies of the USA …
Persistent link: https://www.econbiz.de/10013174907
country. This book explores the economic impacts of these shared cultural values, focusing on the wider economies of the USA …
Persistent link: https://www.econbiz.de/10012543022
Central bank independence is usually determined by institutional developments, and whether culture affects central bank independence is understudied. In this paper, we comprehensively examine the relationship between Hofstede national cultures and central bank independence. We propose several...
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USA and UK but very large in China. The US and UK money multipliers collapsed because the required capital adequacy ratio …In 2008–09, the USA and the UK undertook quantitative easing to drive interest rates to near zero to combat the global … financial crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in the …
Persistent link: https://www.econbiz.de/10014043344
case of China, credit risk is not a concern due to the lack of popular scrutiny. Swap lines are extended to advanced and … developing economies as financial stability and economic development instruments. However, China's swap line policies cannot …
Persistent link: https://www.econbiz.de/10014354896