WORKING PAPER NO 45CHINESE MERCANTILISM: CURRENCY WARS AND HOW THE EAST WAS LOSTSURJIT ppt

... that the 90-93 Chinese devaluation caused the 1997 East Asian crisis. The IMF was among the first to question the China devaluation thesis, and it did so in a footnote in the World Economic ... rejecting the China devaluation hypothesis, the IMF offered the hypothesis that the devaluation of the yen, from mid-1995 onwards, may have been responsible for the...

Ngày tải lên: 28/06/2014, 12:20

... that the 90-93 Chinese devaluation caused the 1997 East Asian crisis. The IMF was among the first to question the China devaluation thesis, and it did so in a footnote in the World Economic ... rejecting the China devaluation hypothesis, the IMF offered the hypothesis that the devaluation of the yen, from mid-1995 onwards, may have been responsible for the...

Ngày tải lên: 24/12/2013, 21:15

... Fragility and Currency Risk Demosthenes N. Tambakis 4 December 2002 The New Basel Accord and Developing Countries: Problems and Alternatives Jonathan Ward 6 January 2003 Economic Slowdown in the ... Working Paper should not be quoted nor the data referred to without the written consent of the author. All rights reserved. © 2004 Wolf Wagner & Ian Ma...

Ngày tải lên: 06/03/2014, 08:20

... liquidity and thresholds. A ‘bad’ cloud is then that with the highest average costs, and the ‘good’ cloud the one with the lowest average cost. The blue lines in Figure 7 show the equilibrium ... so the LSM would yield maximum benefits; in another extreme case, payments can only be paired. Working Paper No. 400 July 2010 16 4.2 Equilibria The remainder of...

Ngày tải lên: 15/03/2014, 10:20

... 1561-0810 WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY BY BENOÎT MOJON November 2000 EUROPEAN CENTRAL BANK WORKING PAPER SERIES ECB Working Paper No ... J. (1995): “Oligopoly in loan and deposit markets: An econometric application to the Netherlands”, De Economist No. 143, pp. 353-66. ECB Working Paper No 40 l No...

Ngày tải lên: 15/03/2014, 14:20

... concentration. The Herfindahl indices for the Netherlands’ and Finnish banking systems vary between 200 and 350 in the Netherlands and between 350 and 500 in Finland, although the index for ... banking sector, along with most other large countries, shows the least concentration, whereas the most concentrated is Finland followed by the Netherlands. However, the diff...

Ngày tải lên: 15/03/2014, 14:20

... to the Monetary Union. 6. Conclusions ECB • Working Paper No 192 • November 2002 28 The expectation hypothesis might not be the only force shaping the move in the term structure. Given the ... assessed in the light of their implications for the monetary policy mandate. Given that the outcome of the process of mapping all the information on the state and the...

Ngày tải lên: 15/03/2014, 14:20

... the lower the isoquant, the slower the convergence. In fact, from Marcet and Sargent (1995), the larger the real part of the largest eigenvalue of � F + � V , the slower the convergence and the ... the lower the isoquant, the slower the convergence. In fact, from Marcet and Sargent (1995), the larger the real part of the largest eigenvalue of � F + � V...

Ngày tải lên: 22/03/2014, 23:20

... the real interest rate. The left-hand panels of Figure 5 report the upward bias in the mean real rate and the downward bias in the variability of the real rate depending on the level of the nominal ... compares the biases in the means and standard deviations of output and inflation ECB • Working Paper No 218 • March 2003 45 Hunt, B. and D. Laxton, 2001, The...

Ngày tải lên: 22/03/2014, 23:20

... agencies (the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation), with the responsible agency being determined by the bank’s charter. Other ... One of the earliest to do so was the Reserve Bank of New Zealand, which until 1989 was under the operational control of the Minister of Finance and since then...

Ngày tải lên: 29/03/2014, 07:20