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China's Monetary Policy Communication : Frameworks, Impact, and Recommendations

McMahon, Michael - 2019

Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of … effective monetary policy communication will only increase as China continues to liberalize its financial system and open its …

Persistent link: https://www.econbiz.de/10012892919

China’s Evolving Reserve Requirements

Ma, Guonan - 2011

This paper examines the evolving role of reserve requirements as a policy tool in China. Since 2007, the Chinese …-market operation instruments in this period of rapid FX accumulation. China's reserve requirement system has also become more complex … and credit policy. The preference for using reserve requirements reflects the size of China's FX sterilization task and …

Persistent link: https://www.econbiz.de/10013117422

China's Evolving Reserve Requirements

Ma, Guonan - 2014

Persistent link: https://www.econbiz.de/10013067068

Is U.S. Money Causing China's Output?

Johansson, Anders C. - 2009

monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China's output. A second monetary … variable, U.S. money supply, does not seem to have a significant effect on China's output. The results are supported by …

Persistent link: https://www.econbiz.de/10013159808

The Debauchery of Currency and Inflation : Chile, 1970-1973

Edwards, Sebastian - National Bureau of Economic Research - 2023

In this essay, I analyze Salvador Allende's economic policies in Chile during the early 1970s. I argue that the explosion of inflation during his administration (above 1,500% on a six-month annualized measure) was predictable, and that the government's response to it, through massive and strict...

Persistent link: https://www.econbiz.de/10014437020

NYU Yield Curve Seminar - An Overview of Yield Curve Calibration & LIBOR Reform

Burgess, Nicholas - 2021

In this PowerPoint presentation we give an overview of yield curves, show how they are modelled and calibrated and give a brief overview of LIBOR reform.Firstly we explain how to calibrate curves to imply forward rates & discount factors. Secondly, we outline the interpolation, optimization and...

Persistent link: https://www.econbiz.de/10013234561

State of Stablecoins (2019)

Hileman, Garrick - 2020

The report presents new insights and data on stablecoins, an innovative and rapidly evolving sector of the cryptocurrency ecosystem. Stablecoins, as the name suggests, are cryptocurrencies that are designed to minimize price volatility. The findings in this research study build on an earlier...

Persistent link: https://www.econbiz.de/10014361920

Solving Complex Equations Subject to Constraints Using Lagrangian Constrained Optimization

Burgess, Nicholas - 2021

In this paper we outline the Lagrangian constrained optimization method to solve complex problems subject to constraints. Firstly we summarize the Lagrangian constrained optimization routine. Secondly we outline a detailed implementation strategy. Thirdly and finally we provide example and solve...

Persistent link: https://www.econbiz.de/10013213151

Libor Benchmark Reform : An Overview of Libor Changes and Its Impact on Yield Curves, Pricing and Risk

Burgess, Nicholas - 2020

Libor is arguably the world's most important number, with more than USD 200 trillion of derivatives, loans, securities and mortgages referencing this rate in the US markets alone. The Libor benchmark rate is being replaced with alternative reference rates (ARRs) and there is no guarantee the...

Persistent link: https://www.econbiz.de/10012847004

The State of Stablecoins (2018)

Hileman, Garrick - 2020

Persistent link: https://www.econbiz.de/10012847238