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It is widely held that currencies of surplus countries, such as China, cannot enjoy wide international use. We argue that the eurodollar market has had little to do with the direction of net capital flows or the US current account balance. It has played different roles over the past 38 years,...
Persistent link: https://www.econbiz.de/10013090471
It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some countries and industries were showing...
Persistent link: https://www.econbiz.de/10013110884
For now, effective capital controls allow the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond market rationing. Relaxation of the capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from...
Persistent link: https://www.econbiz.de/10013092014
The Central Bank of Ireland and SUERF organised a joint conference in Dublin on 20th September, 2010 on the general theme of Regulation and Banking after the Crisis. In the best traditions of SUERF, the programme included papers and presentations from the three main constituencies of SUERF:...
Persistent link: https://www.econbiz.de/10011710674
detrimental to protect the DeFi protocols against the oracle deviation in the real world. Moreover, this paper delves into the …
Persistent link: https://www.econbiz.de/10014577871
Persistent link: https://www.econbiz.de/10009296676
phenomenon. Predicting the direction and level of asset prices are important activities in the real world practice for investors … as UIP(Uncovered Interest Rate Parity), Gold price as a prediction of inflation and international transmission of …
Persistent link: https://www.econbiz.de/10012952188
independence, which is defined as the response of central banks' policy interest rates to exogenous changes in inflation. We show … that central banks tighten their policy rates in response to an unanticipated increase in the inflation gap during times … same central banks to the same unanticipated changes in the inflation gap appear muted. Finally, by assessing the impact of …
Persistent link: https://www.econbiz.de/10012243375
and de facto independence of selected central banks around the world in the past few years. It finds that although the … central banks of some of the largest economies in the world may have weakened. The paper presents counterarguments to the key …
Persistent link: https://www.econbiz.de/10012298570
We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set ofmacroprudential tools contribute...
Persistent link: https://www.econbiz.de/10012828057