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The current crisis revealed the unsustainable levels of private sector indebtedness, fuelled by a prolonged period of rapid credit expansion during the upturn phase in some EU Member States. The subsequent deleveraging process now taking place, although necessary, stands as a source of concern...
Persistent link: https://www.econbiz.de/10011116985
This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates for the euro area in order to study the features of financial intermediation over the business cycle. We find that stylized facts for aggregate monetary and real variables are...
Persistent link: https://www.econbiz.de/10011083763
The work attempts to comprehend why littering is so extensive and, with the use of several findings provided in Gary S. Becker's article entitled 'Crime and Punishment: An Economic Approach', to explain why under current conditions more waste discarded in the environment can be expected. The...
Persistent link: https://www.econbiz.de/10011984344
its fuel import bill. At the deposit policy, the fossil fuel consumption and price paths are discontinuous when the … coalition decreases its deposit purchases to reduce the fuel and the deposit price. If the coalition is the sole fuel supplier …
Persistent link: https://www.econbiz.de/10011869227
prices in its favor. The deposit-purchase policy is inefficient since it leaves the first-period climate damage externality … non-internalized, which is in stark contrast to the efficiency of the deposit-purchase policy in static models. However …, for a subset of economies the deposit-lease policy turns out to be efficient. It internalizes the climate damage …
Persistent link: https://www.econbiz.de/10011869228
prices in its favor. The deposit-purchase policy is inefficient since it leaves the first-period climate damage externality … non-internalized, which is in stark contrast to the efficiency of the deposit-purchase policy in static models. However …, for a proper subset of economies the deposit-lease policy turns out to be efficient. It internalizes the climate damage …
Persistent link: https://www.econbiz.de/10011892102
Magistro darbe aprašyta investavimo samprata, investicijų funkcijos, investicinės rizikos rūšys, investicinių rinkų dalyviai ir investuotojų tipai, atlikta investicinių instrumentų analizė, jų pagrindinės charakteristikos palygintos tarpusavyje, išanalizuoti Lietuvos ir užsienio...
Persistent link: https://www.econbiz.de/10009478559
At present time in the credit sector of Lithuania in line with commercial banks one can find small cooperative financial institutions or credit unions. A credit union is a credit institution, established on a cooperative basis, which supplies various financial services to its members. A credit...
Persistent link: https://www.econbiz.de/10009478657
consider the stand-alone deposit purchase policy and then combine that policy with the option to tax or subsidize the supply of … of the standalone deposit purchase policy either no coalition is stable or the grand coalition is the only stable … case of the stand-alone deposit policy, but the conditions for stable grand coalitions are more favorable under the stand …
Persistent link: https://www.econbiz.de/10011521135
The Federal Reserve requires U.S. commercial banks andother depository institutions to hold a minimum level ofreserves in proportion to certain liabilities. On occasion, thecentral bank has reduced reserve requirements—such as in1990, when requirements on large time deposits were dropped,and...
Persistent link: https://www.econbiz.de/10005869373