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In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The first question is on, under the Taylor rule, whether a central bank should be responsible for both bank supervision and monetary policy or whether the two tasks should be exercised by...
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The previous political dispensation limited black people’s participation in the SouthAfrican economy. Poor credit … report focuses on how credit risk can be mitigated by commercial banksin lending to Black Economic Empowerment (BEE … large market, but the quality of management (little training and skills)was deemed not to be a limitation as suitable credit …
Persistent link: https://www.econbiz.de/10009457801
Monetary policy is commonly assumed to impact on commodity demand via relative prices. The bank lending channel (BLC) proposes an additional effect via the quantity of loans. This has found its way into economic textbooks, although it remains empirically controversial. I present various...
Persistent link: https://www.econbiz.de/10009484810
The goal of this thesis is twofold: it aims, firstly, at a description of cycles in SouthAfrican financial variables and, secondly, at the evaluation of the relationshipbetween cycles in financial variables and the South African business cycle. The studyis based on the original business cycle...
Persistent link: https://www.econbiz.de/10009442149
This study analyses the impact of scale, establishment mobility and policy substitution in the corporation's geographical behaviour. To maximise opportunities for observing change, the effects of recession on firms using a particular marketing system --product franchising are examined. It is...
Persistent link: https://www.econbiz.de/10009448104
This dissertation consists of two essays in international macroeconomics. Thefirst essay shows that optimal fiscal and monetary policy is time consistent in astandard small open economy. Further, there exist many maturity structuresof public debt capable of rendering the optimal policy time...
Persistent link: https://www.econbiz.de/10009475504
This dissertation is the collection of three essays aimed to evaluate the empirical performance of dynamic stochastic general equilibrium (DSGE) models in explaining the behavior of macroeconomic dynamics in emerging countries. Chapter 1, which is joint work with M. Uribe and R. Pancrazzi,...
Persistent link: https://www.econbiz.de/10009475513
Verslo ciklų sinchronizacijos reiškinio atpažinimas socialiniuose moksluose paskatino daugelio skirtingų sričių tyrėjų (fizikų, ekonofizikų, ekonomistų) domėjimąsi šiuo fenomenu. Kokie aplinkos veiksniai lemia šalių verslo ciklų sinchronizaciją ir kaip įvertinti šių...
Persistent link: https://www.econbiz.de/10009480125