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his Money and Credit Instruments in Their Relation to General Prices (1903, PhD thesis; and 1907, first edition of the … determinants. The paper addresses Kemmerer's key question of how money and credit are related to general prices. Two directions are …This paper aims at suggesting a new interpretation of Edwin Walter Kemmerer's quantity theory of money as it appears in …
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Elsewhere I argue that the legal concept of property was created in the image of money in the late Roman Republic … main way of structuring financial corporate power, especially money market funds (MMFs), is a propertization of contractual … financial corporate power, especially MMFs and their money ]creation mechanism. The paper also explores how the propertization …
Persistent link: https://www.econbiz.de/10011906494
This paper discusses the assessment of observance of Thailand Securities Depository (TSD) of the Committee of Payments and Settlement Systems (CPSS)/International Organization of Securities Commissions (IOSCO) recommendations for securities settlement systems for Thailand. On the basis of the...
Persistent link: https://www.econbiz.de/10011244197
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
The Financial System Stability Assessment found the financial sector to be vibrant, resilient, highly competitive, and well supervised and regulated. Stress tests showed credit institutions and insurers to be highly resilient to a variety of shocks. It also found a high degree of observance of...
Persistent link: https://www.econbiz.de/10011244251
This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) in Rwanda. Program performance was broadly satisfactory. All end-June quantitative assessment criteria were met. Structural benchmarks were partially met as the pace of implementation of structural...
Persistent link: https://www.econbiz.de/10011244254
The discussions centered on the needed steps to tighten monetary conditions, curb banks’ external borrowing, and reduce banks’ vulnerability to a sharp deterioration in the quality of loan portfolios. Strong expansion in oil and non-oil receipts in 2005 permitted continued rapid...
Persistent link: https://www.econbiz.de/10011244259
The Canadian Depository for Securities (CDS) is the operator of the securities settlement system. The design and operations of the CDS are covered by a solid legal basis. The regulatory framework is clear and transparent to market participants. The risk management procedures of the CDS as a...
Persistent link: https://www.econbiz.de/10011244268