Unique and proprietary data of the illiquid, one-year non cancelable for three month Bermudan swaps (1Y NC 3M swaps) and one-year non callable for three months Bermudan CDs (1Y NC 3M CDs), provides evidence of market efficiency. The 1Y NC 3M swap and 1Y NC 3M CD markets efficiently reflected...

Rationale This article analyses the factors that are contributing to the widening of the spread between the euro short-term rate (€STR) and the deposit facility rate, with a view to assessing monetary policy transmission in the Eurosystem. Takeaways •The key factors that explain the...

The sugar industry in the island of St. Kitts came to a close in 2005 and so too did a long period of monoculture and possibly a culture and lifestyle of a people that affectionately refer to their country as Sugar City. Sugar was cultivated on approximately 4,500 hectares and there is now a...

PT. Bakrie Sumatera Plantations Tbk. is a company engaged in oil palm and rubber plantations. In order to achieve company goals that have been defined, companies need a variety of factors of production. One of the factors of production necessary to facilitate and streamline operational...

Financial globalisation during the 1990s impinged upon world savings and investment flows, macroeconomic developments, challenges confronting policy makers, international investors and financial market regulators. Experiences of the last two decades reveal that international financial markets...

Artículo de revista ; To contribute to the fight against climate change and achieve a carbon-neutral economy, a large volume of funds must be mobilised to finance the necessary investment. The international financial system will play a key role in this process to channel the financing, but...

Artículo de revista ; Since March 2020, the world’s major economies have approved financial and regulatory measures to limit the impact of the health crisis on both the overall economy and their respective financial systems. This paper summarises the measures implemented by countries outside...

In this study, we seek to better understand the interest rate pass-through in five Central and Eastern European countries -- the Czech Republic, Hungary, Poland, Slovakia and Slovenia, the CEE-5. Our pass-through estimates for several retail rates are generally lower than those reported in the...