Thuyết trình financial openness, financial frictions and optimal monetary policy

... Kết cấu phần trình bày Tổng Quan Mở đầu Một kinh tế nhỏ mở với ràng buộc tài sản chấp 2.1 Hộ gia đình nước 2.2 ... ứng cải) CƠ CHẾ DẦN TRUYỀN KẾT HỢP GIỮA ĐỘ MỞ TÀI CHÍNH VÀ TỶ GIÁ ĐẾN NỀN KINH TẾ KẾT LUẬN: Theo thuyết Bộ ba bất khả thi: Trong điều kiện độ mở tài cao, Tỷ giá neo ảnh hưởng đến CSTT độc lập,

Ngày tải lên: 29/08/2015, 23:33

... the literature on the empirical study of interest rate pass-through, including deposit rate pass-through Vol No Incomplete Interest Rate Pass-Through 81 pass-through differ among researchers For ... the euro area In the literature, the terminology interest rate pass-through generally has two meanings: loan rate pass-through and deposit rate pass-through In thi...

Ngày tải lên: 17/02/2014, 03:20

... the preferences of the Peruvian monetary authority under the inflation targeting regime by deriving optimal monetary policy rules Knowing about the preferences of the authority in charge of the ... Savino Portugal3 Abstract This study aims to identify the preferences of the monetary authority in the Peruvian regime of inflation targ...

Ngày tải lên: 15/03/2014, 14:20

... of the recent conventional wisdom regarding the conduct of monetary policy, both within central banks and among monetary economists, which has stressed a conception of the problem of monetary policy ... consequences of the zero lower bound on nominal interest rates for the optimal conduct of monetary policy, in the context of an explicit intertemporal equ...

Ngày tải lên: 29/03/2014, 13:20

... in their price and a real exchange rate depreciation The sudden stop episodes studied include the Latin American debt crises of the 1980s, the Mexican crisis of the first half of the 1990s and the ... calculate the cost of credit for the median firm as the ratio of the real value of interest payments to the real value of the stock of bank...

Ngày tải lên: 15/03/2014, 22:20

... EXCHANGE RATE PASS - THROUGH AND MONETARY POLIICY IN CROATIA GIỚI THIỆU TỔNG QUAN LÝ THUYẾT VẤN ĐỀ DỮ LIỆU PHÂN TÍCH THỰC NGHIỆM KẾT LUẬN ... “pricing to market” thay đổi tỷ giá có hiệu ứng truyền dẫn hoàn toàn đến giá nhập Tổng quan nghiên cứu trước  Gosh and Wolf, 2001, “Imperfect Exchange Rate PassThrough: Strategic Pricing and ... Pass-Through of Exchange Rates a...

Ngày tải lên: 10/04/2014, 13:10

... bankruptcy process 16- 2 Chapter Outline • • • • • • • • • • The Capital Structure Question The Effect of Financial Leverage Capital Structure and the Cost of Equity Capital M&M Propositions I and II with ... Concepts and Skills • Understand the effect of financial leverage on cash flows and the cost of equity • Understand the impact of taxes and bankruptcy on...

Ngày tải lên: 31/03/2015, 21:18

... Nguyên tắc gia nh p h i : Ph i viết đơn gia nh p h i Tàu tham gia h i P& I tàu bảo hiểm thân tàu Khi h i viên coi ký h p đồng bảo hiểm v i h i- có hiệu lực theo năm t i h i - H i viên tham gia theo ... giảm phí bảo hiểm thân tàu • Nhằm bảo hiểm trường h p mà bảo hiểm thân tàu không bảo hiểm Kh i niệm P and I P & I viết tắt bảo...

Ngày tải lên: 04/08/2015, 12:16

... Interest rate setting by universal banks and the transmission mechanism in the euro area Introduction The level of interest rates is one of the main determinants of savings and investment ... market interest rates with a comparable maturity Interest rate setting by universal banks and the transmission mechanism in the euro area...

Ngày tải lên: 15/03/2014, 02:20

... LONG-TERM INTEREST RATES, RISK PREMIA AND UNCONVENTIONAL MONETARY POLICY Callum Jones and Mariano Kulish Research Discussion Paper 2011-02 ... Changes Under Rational Expectations 27 References 29 ii LONG-TERM INTEREST RATES, RISK PREMIA AND UNCONVENTIONAL MONETARY POLICY Callum Jones and Mariano Kulish Introduction In the recent downturn, ... promise of...

Ngày tải lên: 22/03/2014, 23:20

... Contents What Does the EMH Say? What Doesn’t the EMH Say? Some Lessons from the Financial Crisis Anomalies, Behavioral Finance, and the Future of Market Efficiency” Closing Thoughts TCDN Global financial ... 13 TCDN The reason for the losses EMH = 14 TCDN What the crisis tells us about the efficient markets theory? Does the rapid and substantial fall...

Ngày tải lên: 14/07/2015, 11:45

... Lessons from the Financial Crisis There are Limitations to the EMH as a Theory of Financial Markets Ignoring the supply side of the information in the EMH: • The EMH assumes the markets themselves ... from the Financial Crisis There are Limitations to the EMH as a Theory of Financial Markets EMH is a “pure exchange” model of information in markets IV Some Lessons...

Ngày tải lên: 14/07/2015, 11:45

... Blame?” These are but a handful of the many accusations that have been heaped on the EMH The Global Financial Crisis and the Efficient Market Hypothesis  I have argued in the past and will ... 1937 1937 The Global Financial Crisis and the Efficient Market Hypothesis  But all of these episodes occurred well before the advent of the EMH and mo...

Ngày tải lên: 14/07/2015, 11:45

... 2008 Giuseppe Bertola, Anna Lo Prete Openness, Financial Markets, and Policies: Cross-Country and Dynamic Patterns Giuseppe Bertola* and Anna Lo Prete** Abstract We document significant and robust ... WORKING PAPER SERIES Openness, Financial Markets, and Policies: Cross-Country and Dynamic Patterns Giuseppe Bertola Anna Lo Prete 1...

Ngày tải lên: 29/03/2014, 18:20