Financial intermediation and growth: Causality and causes potx
Financial intermediation and growth: Causality and causes potx
... rlevine@scom.umn.edu (R. Levine). Journal of Monetary Economics 46 (2000) 31}77 Financial intermediation and growth: Causality and causes ଝ Ross Levine *, Norman Loayza , Thorsten Beck Carlson ... political stability (the number of revolutions and coups and the number of assassinations per thousand inhabitants (Banks, 1994)) and ethnic diversity (Easterly and Le...
Ngày tải lên: 06/03/2014, 19:20
Credit Growth in Central and Eastern Europe: Emerging from Financial Repression to New (Over)Shooting Stars? potx
... 22d and 22g; credit to the government: lin es 22a, 22b and 22c; interest rates: lines 60b,c,l,p and 61; CPI and PPI: lines 64 and 63; nominal GDP: lines 99b and 99b.c; real GDP: lines 99bvp and ... in Estonia, Latvia 13 and Croatia and also perhaps in Hungary and Slovenia. On the other hand, ini- tial undershooting might not be a serious problem for Lithuania, Poland and...
Ngày tải lên: 15/03/2014, 04:20
Financial liberalisation and the relationship between finance and growth
... trade (exports and imports) and invisibles (payments and receipts for financial and other services). We transformed each measure into a 0 to 100 scale taking 100*(CAPITAL/4) and 100*(CURRENT/8). ... Iceland, India, Israel, Japan, Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, Jamaica, the Netherlands, Norway, Sweden, Switzerland, Trinidad, the United Kingdom, Aus...
Ngày tải lên: 24/10/2012, 08:50
Tài liệu The Centrality of Money, Credit, and Financial Intermediation in Marx’s Crisis Theory: An Interpretation of Marx’s Methodology pptx
... cannot pay agent C, and so on. A wave of bankruptcies may result. Various markets for commodities and financial assets will come under pressure, and may collapse, because real and financial assets ... capitalist crisis. And it is with the SCP- through-MMP abstract form of crisis that Marx introduces contracts, and commercial credit and paves the way for the introduction o...
Ngày tải lên: 16/02/2014, 03:20
Tài liệu BANK AND NON BANK FINANCIAL INTERMEDIATION pdf
... that the left-hand side of inequality (23) is reduced by εPr(HH). Bank and Nonbank Financial Intermediation 2513 detail by Fluck and Lynch. The main difference between this paper and theirs is ... increased by intermediation. THE JOURNAL OF FINANCE • VOL. LIX, NO. 6 • DECEMBER 2004 Bank and Nonbank Financial Intermediation PHILIP BOND ∗ ABSTRACT Conglomerates, trade credit a...
Ngày tải lên: 17/02/2014, 21:20
Financial Institutions Center - Callable Bonds and Hedging potx
... interest rate levels and the call usage. Two earlier studies, Kish and Livingston (1992) and Sarkar (2001), examine the role of interest rates but report mixed results. Kish and Livingston analyze ... by Mayers and Smith (1990), who report that insurance Þrms with lower Best’s ratings reinsure (hedge) more. Such a Þnding is consistent with 12 the Mayers and Smith (1982) and Smit...
Ngày tải lên: 06/03/2014, 08:20
Financial Intermediation and Credit Policy in Business Cycle Analysis∗ pot
... productive role for government financial intermediations. See, example, Sargent and Wallace (1983), Kiyotaki and Moore (2008), Gertler and Karadi (2009), and Shleifer and Vishny (2010). As originally ... spirit of Allen and Gale (1995, 2007) and others. This is because within our framework (i) only banks of the same island can make loans to nonfinancial firms and (ii) banks on in...
Ngày tải lên: 06/03/2014, 08:20
WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh potx
... CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh The Working Paper is intended as a means whereby researchers’ thoughts and findings may ... to interested readers for their comments. The paper should be considered preliminary in nature and may require substantial revision. Accordingly, a Working Paper should not be quoted...
Ngày tải lên: 06/03/2014, 08:20
Forecasting UK GDP growth, inflation and interest rates under structural change: a comparison of models with time-varying parameters potx
... Following Chib (1995) and Chib and Jeliazkov (2001) we proceed by factorising ln G ˆ Ξ\Z t into conditional and marginal densities of various parameter blocks and using additional and Gibbs and Metropolis ... Bank of England. Email: alina.barnett@bankofengland.co.uk (2) Centre for Central Banking Studies. Bank of England. Email: haroon.mumtaz@bankofengland.co.uk (3) Monetary A...
Ngày tải lên: 06/03/2014, 14:20
Báo cáo khoa học: Linking pseudouridine synthases to growth, development and cell competition potx
... Cfb5p, rat NAP57, and mouse and human dyskerin [1]. These proteins localize in the nucleolus and are involved in a variety of essential cellu- lar functions, including processing and modification ... 3253 A B C D E F H G Fig. 3. Organ and cell size adult phenotypes produced by mfl silencing. Wings of 46282 ⁄ en–GAL4 and 46282 ⁄ nub–GAL4 male adult flies (A, C) and their + ⁄ en–GAL4...
Ngày tải lên: 06/03/2014, 22:21