Tài liệu Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? docx

... government guarantees for the US mortgage agencies. BIS Working Papers No 367 Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? by Philip ... AAA-rated securities fixed -rate Graph 9 Maturity of US government bonds Table 1 Standard deviations of interest rate changes Table 2 Floating rate issua...

Ngày tải lên: 17/02/2014, 03:20

... we introduce another variables for the regulation: the dummy variable out2 i (t) which takes on the value one in the event that a bank is far above the regulatory threshold, i.e. that the banks’ Basel interest ... econo- metric challenges. The challenges arise owing to the characteristics of the dataset: The panel is highly unbalanced. On average, there is arou...

Ngày tải lên: 16/02/2014, 06:20

... 16 with 5 transactions for each bond issue. This sample forms the base regression sample. 3.1 Summary statistics Table 1 Panel A reports summary statistics for spreads, characteristics, and volatility measures ... Hördahl, Borja Larrain, Monica Singhal, Jan Szilagyi, Josh White, Moto Yogo, and seminar participants at the Harvard Finance lunch, the Graduate Research Program at the E...

Ngày tải lên: 16/02/2014, 02:20

... the monetary and credit policy (2002-03), RBI had appropriately justified to the banking sector as to why it is unable to reduce the SB interest rate. Again, the RBI's April 2006 annual ... interest rates on SB deposits and should it be done now? The trend analysis of the savings deposit interest rate and other related rates indicate that it is time to take...

Ngày tải lên: 16/02/2014, 12:20

... indicator variable is a binary variable equal one if a bank engages in any interest- rate derivative activity, or zero otherwise. 14 See Carter and Sinkey (1998). 15 See Table 4 for a detailed ... in the International Swaps and Derivatives Association (ISDA). The binary variable DEALER equals one if a bank is identified as a dealer by the ISDA membershi...

Ngày tải lên: 17/02/2014, 03:20

... at how changes in interest rates were affected by bank and firm characteristics prior to the crisis. The main cost of this strategy is that we do not capture all the forces at work during the ... of the crisis paid an additional 16 basis points over Libor when compared to the loans they took out from the same bank prior to the crisis. In addition he finds that these ban...

Ngày tải lên: 17/02/2014, 03:20

... đang kinh doanh, bạn sẽ nghĩ đến ai? Chính công ty c a bạn hay công ty đối thủ? Bạn có phải là kẻ tiên phong trong lĩnh vực c a mình ch a? Chiêu thức gợi ý sau đây có thể rất đáng để bạn tham ... bị tước hết tài sản, tiền bạc, 5 năm sau rất có thể anh ta sẽ kiếm lại được số tiền đó.Tại sao vậy? Vì anh ta đã biết cách kiếm tiền và biết mình là ai. Nhờ có kiến thức, thời gian đó còn có...

Ngày tải lên: 12/12/2013, 22:15

... The statements found within the pages of this book have not been evaluated by the Food and Drug Administration. This publication is designed to provide accurate and authoritative information ... substitute for proper medical advice! The information provided here is solely for informational purposes only. If medical advice or other professional assistance is required, the...

Ngày tải lên: 26/01/2014, 18:20

... slowing the entire network down to far less than 20 Mbps of aggregate bandwidth. Even if you have a network where all stations do transfer data at a 54 Mbps data rate, calculating VoIP capaci- ty based ... 4 s peed frames due to retransmissions can also be done using a protocol analyzer. Statistics indicating the num- ber of frames sent at each Wi-Fi data rate are available in bo...

Ngày tải lên: 24/01/2014, 09:20

... of private-sector signals. Allowing for a single private-sector signal that is not observed by the central bank is a parable meant to capture the idea that the central bank cannot uncover all private ... trade-off with other objectives. That forecast is also uninformative. The private sector is well aware that the central bank’s interest rate forecast is bound to be...

Ngày tải lên: 17/02/2014, 03:20