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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
. Es erweist sich, dass die Divergenz in den Wachstumsraten der USA und der EU seit 1997 fast zur Gänze auf …
Persistent link: https://www.econbiz.de/10014609054
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
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
these data come from the annual publication of the World Bank’s statistical report. In the meantime, data on house prices …
Persistent link: https://www.econbiz.de/10014778222
results show that in the USA, the banking system creates fluctuations in money and real economy, as well as through interest … USA economy, while it needs to be tested for other economies as well. Practical implications The results show that though …
Persistent link: https://www.econbiz.de/10014870815
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
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