BIS Working Papers No 334 Why issue bonds offshore? docx

... yield volatility). 14 See Turner (2012) and BIS (2012b) for a review. BIS Working Papers No 391 Emerging market local currency bonds: diversification and stability by ... quartile. See Table 2 for other variable notations. BIS Working Papers are written by members of the Monetary and Economic Department of the Bank fo...

Ngày tải lên: 15/03/2014, 07:20

... policy. This is not possible in a world of quantitative constraints on bank lending that is assumed to become more binding with policy tightening. 17 BIS Working Papers No 297 The bank ... reliance on core dep osits are not significantly affected by monetary policy. 27 BIS Working Papers are written by members of the Monetary and Economic Depar...

Ngày tải lên: 06/03/2014, 10:20

... Asian Economic Papers, No 6 (1), pp 46–71, Winter, MIT Press, Cambridge. Ma, G and H Zhou (2009): “China's evolving external wealth and rising creditor position”, BIS Working Papers No 286, ... security in China”, OECD Economics Working Papers, No 750. Heston, A and T Sicular (2008): “China and development economics”, in L Brandt and T Rawski edit China’s Great Econo...

Ngày tải lên: 15/03/2014, 10:20

... true-sale securitisation, credit derivatives or synthetic CDOs, not included in the variable SEC. BIS Working Papers No 345 The bank lending channel: Lessons from the crisis ... for International Settlements Working Paper No. 268. Borio, C. and P. Disyatat (2009). ‘Unconventional monetary policies - An appraisal’, BIS Working Paper Series No. 292. Cohen-Col...

Ngày tải lên: 15/03/2014, 10:20

... +3.8 +1.0 Notes: (1) For each country, the table shows, in the first column, the change in the domestic-currency value of the central bank’s BIS Working Papers No 333 Banking ... international indebtedness as calculated by the BIS. We do not know how this figure was calculated and what ‘emergency help’ was included; nor do we know exactly how ‘international short-te...

Ngày tải lên: 22/03/2014, 21:20

... fixed coupon structures. 15 BIS Working Papers No 334 Why issue bonds offshore? by Susan Black and Anella Munro Monetary and Economic Department December 2010 ... and other issuers use offshore branches to issue bonds to avoid the “approved issuer levy”. 21 Similarly, in Korea, non- residents are exempt from withholding tax for Korean bo...

Ngày tải lên: 15/03/2014, 07:20

... with Respect to Air Pollution”, OECD Environment Working Papers, No. 2, OECD Publishing. http://dx.doi.org/10.1787/241481086362 OECD Environment Working Papers No. 2 The Health Costs of Inaction with ... D62, H43, I18, Q51, Q53. All OECD Environment Working Papers are available at www.oecd.org/env/workingpapers. JT03247295 Document complet disponibl...

Ngày tải lên: 23/03/2014, 00:20

... and more liquid bonds. LONG-TERM COVERED AND GOVERNMENT BONDS – SUMMARY STATISTICS Tabl e 2 Covered bonds Government bonds Large bonds Small bonds Large bonds Small bonds Average total ... covered bonds Outstanding amount of government bonds Number of covered bonds (right-hand axis) Number of government bonds (right-hand axis) EUR billion Number of bonds No...

Ngày tải lên: 06/03/2014, 04:21

... sector problem, no matter how complex, there is a financial sector solution. The crisis has made us wiser. We now know that for every real sector problem, no matter how BIS Papers No 62 3 ... the huge leveraging by this segment that fuelled the crisis. Hence, as the noted economist and Nobel 6 BIS Papers No 62 laureate Paul Krugman has argued, the way to reform ba...

Ngày tải lên: 23/03/2014, 02:20

... market. 5 Other bonds are for example LÄander bonds and unity bonds 10 ECB Working Paper Series No. 432 January 2005 Italy The Italian market remains one of the largest bond market in the world 6 . By now, ... including debt issued by state authorities. 7 The word `equivalent' can be misleading as both bonds where not Euro-denominated before 1999. 8 Quarterly bulletin-3rd quar...

Ngày tải lên: 16/02/2014, 02:20