Interest rate setting by universal banks and the monetary policy transmission mechanism in the euro area pot

... Banking and Finance 24, pp. 831-859. Interest rate setting by universal banks and the transmission mechanism in the euro area 1 Interest rate setting by universal banks and the monetary policy transmission ... interest rates to market interest rates with a comparable maturity. Interest rate setting by universal banks and t...

Ngày tải lên: 15/03/2014, 02:20

... with a monetary tightening. Finally, the lagged level of the interest rate and the change in the interest rate are significant. Rather than commenting on the regressions individually, in the interest ... been normalized by subtracting the mean and dividing by the standard error. Vol. 3 No. 3 Interest Rate Setting by the ECB, 1999–2006 19 in...

Ngày tải lên: 17/02/2014, 03:20

... for the cost of funding in the interbank market (INT _RATE) . We find that the level of the interbank rate paid on average by each bank in the period August 2007–August 2008, characterized by financial ... reduction in money interest rates. Indeed, these banks have invested more in costly information gathering and then tend to be more prone to insulate their b...

Ngày tải lên: 17/02/2014, 03:20

... million vaccinees in Sweden and Finland, respectively ( 46 ). Regional increases in the incidence of BCG osteitis have been noted following changes in either the vaccine strain or the method TABLE ... useful in clarifying the variable information concerning the vaccine’s efficacy for preventing pulmonary TB in adoles- cents and adults. These studies also were not usef...

Ngày tải lên: 15/02/2014, 13:20

... differs from theirs in that the interest term in (14) is expressed by the average loan rate, not by the policy rate. Since our model incorporates profit-maximization behavior of commercial banks, retail ... q H ,q M , and q L , respectively. 6.2 Policy Rate Smoothing and the Degree of Interest Rate Pass-Through Before investigating optimal policy, it should b...

Ngày tải lên: 17/02/2014, 03:20

... - Regarding the interbank interest rate, equation (2c), the model establishes a link between the policy interest rate and the interbank market interest rate (changes in the policy rate are ... change in the interbank interest rate) The estimation points to an asymmetry in the adjustment of the interbank interest rate to changes in...

Ngày tải lên: 15/03/2014, 14:20

... opposite face of the protein to the phosphotyrosine-binding site, so the PEST sequence is not expected to interfere with phosphotyrosine binding by the SH2 domain. Indeed, replacing the entire 35-residue ... to cytokine signalling will be determined, in large part, by the rate of turnover of the SOCS proteins. Expression of the SOCS proteins is induced directly by ST...

Ngày tải lên: 16/03/2014, 14:20

... provided on the inflow side of the primary seawater tank. After filtrated, the seawater was aerated in the filtrated seawater tank increasing the DO level before discharging. Therefore, the oxygen ... to the inflow of sea water to the purification zone caused by the tides and also due to the inflow during the high tide at the end of silt fences located at the...

Ngày tải lên: 05/09/2013, 09:08

... Iceland, and Liechtenstein, as shown in Table 1. The main sources used in the preparation of the report include: - the Statistical Ofce of the European Communities (EUROSTAT 2009), - the Organisation ... for women born in 2006 and women aged 65 by European country in 2006. (EUROSTAT 2009) Population Change Birth rate There were 5,281,625 live births in the...

Ngày tải lên: 12/02/2014, 23:20