Net foreign assets, interest rate policy, and macroeconomic stability potx
Net foreign assets, interest rate policy, and macroeconomic stability potx
... the nominal interest rate to r espond negativ ely to changes in net foreign
debt.
18
Ne t foreign assets, interest rate policy, and m ac roeconom ic
stability
Ludger Linnemann
∗
and A nd reas ... reacting on inflation — e.g. by pegging the interest rate.
JEL cla ssification: E52, E 32, F41
Keywords: Interest rate policy, net foreign assets, saddle path s...
Interest Rate Swaps and Economic Exposure potx
... nominal interest rates adjust
instantaneously in keeping with uncovered interest rate parity.
13
If the foreign nominal
interest rate is set constant, all movements in the exchange rate are ... of users of interest rate swaps. Financial firms (e.g., banks) are
comparatively infrequent users of interest rate swaps and they are primarily interest rate
swap dealers....
Anticipation and Surprises in Central Bank Interest Rate Policy ppt
... offi-
cial interest rates by the U.S. Federal Reserve (for instance, Lombra and Torto,
1977; Thornton, 1986 and 1994; Cook and Hahn, 1988 and 1989; and Radecki
and Reinhart, 1994), the Bank of England ... rate
Discount rate
3-month interest rate
official interest rate s
τ
that exactly determines the current overnight inter-
bank interest rate, which will be denote...
Bank of England Interest Rate Announcements and the Foreign Exchange Market ∗ doc
... Central Banking September 2010
Table 1. Monetary Policy Committee Meetings, Interest Rate Decisions,
and Surprise Measures
The table contains interest rate decisions of the MPC for the period ... −71082
(continued)
Bank of England Interest Rate Announcements
and the Foreign Exchange Market
∗
Michael Melvin,
a
Christian Saborowski,
b,c
Michael Sager,
c,e
and Mark P. Taylor...
VIETNAM’S EXCHANGE RATE POLICY AND IMPLICATIONS FOR ITS FOREIGN EXCHANGE MARKET, 1986-2009 doc
... NEER and REER have been compiled by the authors on the basis of exchange rate and
foreign trade data provided by the IMF and GSO. For details, see Nguyen Tran Phuc and Nguyen Duc-
Tho (2009) and ... 1998 and 2001
are taken from Zhang and Liang (2006); Data for Vietnam are adapted from Nguyen
Thi Kim Anh and Pham Thi Hoang Oanh (2007) for 1998, 2001 and 2004, and are...
Central Bank Interventions, Communication and Interest Rate Policy in Emerging European Economies ppt
...
M^HELYTANULMÁNYOK DISCUSSION PAPERS
MT-DP – 2006/15
Central Bank Interventions,
Communication and Interest Rate
Policy in Emerging European
Economies
BALÁZS ÉGERT
INSTITUTE OF ECONOMICS, ... series may be subject to further publication.
Central Bank Interventions, Communication and Interest Rate Policy in Emerging European
Economies
Balázs Égert,
Oester...
Interest Rate Policy in Egypt - Its Role in Stabilization and Adjustment pdf
...
savings;
x^ - foreign
rate
of inflation,
measured
by
WPI in
the U.S.
r* =foreign
nominal
interest rate
measured
by London
Inter Bank
Borrowing Rate
(LIBOR);
x - domestic
rate of
inflation ...
a Standard
Project
A.
Parameters
(1)
Nominal
rate of interest
8.16%
(average
1980-89)
(2)
Rate of
inflation
16.24%
(average 1980-89)
(3)
Corporate
income
tax ra...
WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx
... additional effect on the nominal interest rate, and a negative interest
rate prescribed by the interest rate rule cannot be implemented.
Orphanides and Wieland (2000) illustrate this point using recent ... real interest rate;
r
∗
: equilibrium real interest rate; e
w
: trade-weighted real exchange rate;
d
: aggregate demand shock;
l: long-term nominal interest rate;...
Monetary Policy in the Eurozone: Evaluating the European Central Bank’s interest rate decisions and the needs of member states using a Taylor rule ppt
...
countries in the monetary union, Fernanda Nechio groups Italy with the core countries (Austria,
Belgium, France, Finland, Germany, and the Netherlands) as “its inflation rate and
unemployment ...
recommended rate during those years. This inflation difference and higher recommended rate is
noted in other studies.
37
One study suggests that the “the fitted interest rate fo...
Tài liệu Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C.: Interest Rate Risk and Bank Equity Valuations doc
... Bank Stock Returns to Changes in Interest Rates
(By Bank Characteristics and the Usage of Interest Rate Derivatives)
Interest Rate Surprise
Variable × Interest Rate Surprise Level Slope
Swaps ... quite sticky and, in many cases, the rates
paid on these deposits respond very sluggishl y to changes in market interest rates; see, for exam-
ple, Hannan and Berger [1991] and...
Từ khóa:
- interest rate risk and the repricing gap model
- interest rate uncertainty and forward rates
- interest rate levels and the stock market
- interest rate changes and share price changes
- interest rate inflation and economic activity
- interest rate parity and short run exchange rate determination
- premiums interest rate risk and default risk
- tài sản nước ngoài ròng nfa net foreign assets
- tài sản nƣớc ngoài ròng nfa net foreign assets