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The Taylor hypothesis is the conjecture that the 2007-2009 financial crisis and the 2008-present downturn have been caused by loose monetary policy during 2002-2006. According to the Taylor hypothesis the Fed deviated from well-know rules of monetary policy-making over this period, and this...
Persistent link: https://www.econbiz.de/10011107274
The main purpose of this article is to prove that prices of selected metals quoted at London Metal Exchange could be described as biased random walks. In this paper hypothesis of black noise character of returns is verified (sequences are observed more frequently than reversals). Exploiting...
Persistent link: https://www.econbiz.de/10011107319
The paper demonstrates possibilities of both convergence to the steady state and emergence of stable growth cycles around it in a simple macrodynamic model of debt-financed investment-led growth. The growth cycles are robust and are generated endogenously, either due to the existence of a...
Persistent link: https://www.econbiz.de/10011107341
convey timely signals on the default risk of European sovereign countries and their banking systems. By using a sample of six …
Persistent link: https://www.econbiz.de/10011107398
This working paper has been elaborated with the aim to provide Peruvian policymakers and scholars-academics with economic related concepts and views about the best Monetary Anchor for a Central Bank to deal with control of inflation as well as to prevent them far from possibilities of...
Persistent link: https://www.econbiz.de/10011107431
The broad objectives of the present study are to examine the impact of the global financial crisis as it folded during 2008 and 2009 on four major South Asian economies i.e., Pakistan, India, Bangladesh and Sri Lanka; identify policy actions taken to mitigate the adverse impacts of the crisis;...
Persistent link: https://www.econbiz.de/10011107544
provided by the collective of individual households (sometimes from overseas). The managers of these assets are risk managers … on behalf of the households.Only in the case of a home, owned by the individual, is the individual the personal risk … manager. Risk managers can make mistakes. When banks made mistakes -like in the subprime mortgage debacle- risks were spread …
Persistent link: https://www.econbiz.de/10011107559
The global financial and economic crisis revealed institutional weaknesses and structural problems of particular Economic and Monetary Union (EMU) countries. The crisis and slowdown that followed had an impact on their relative competitiveness. Financial and economic turbulences of recent years...
Persistent link: https://www.econbiz.de/10011107690
This paper examines the relative importance of the global and regional markets for financial markets in developing countries, particularly during the US financial crisis and the European sovereign debt crisis. We examine the way in which the degree of regional (seven African markets combined),...
Persistent link: https://www.econbiz.de/10011107805
In the years before the global financial crisis of 2008--2010, Qatar experienced a huge build-up of liquidity surplus in the banking system, mainly driven by surging net capital inflows. This paper identifies various sources of interbank liquidity in Qatar and discusses the various implications...
Persistent link: https://www.econbiz.de/10011107831