Ngày tải lên: 06/03/2014, 15:20
... procyclical in its operations. Essentially this is because the value of available collateral reflects three components; the market value of the collateral, the haircut imposed on the borrower and the velocity of turnover (rehypothecation )of the ... This is not to deny successful efforts by a number of countries, including China, to expand markets in other EME’s. Of course this still leaves the broader question of the robustness of the totality of those markets in the event of a serious downturn in the AME’s. ... than the underlying loan itself. Now many of these deals need to be restructured, but low policy rates have raised the cost of breaking the swap to prohibitive levels. This is another example of how low policy rates can impede the purging of malinvestments in the downswing of the credit cycle. ...
Ngày tải lên: 22/03/2014, 23:20
the virtual jirga the 2009 education policy and the medium of instruction debate in pakistan who is participating and what are the implications for balochistan
... time and space, the thesis has focused on the debate that came out of the publication of NEP, the important issues within the debate and the impact of the policy on Balochistan province 1.2 The ... colonial domination on the one hand rapidly increase the use of English, while on the other hand the concerns about the preservation, promotion and future of the minority and regional languages ... in their mother tongue One of the goals of the Education Reforms (2001) and later NEP 2009 was, to lower the gender gap and improve the level of literacy across the country, while the quality of...
Ngày tải lên: 22/12/2014, 16:41
Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices
... zero even at the 95% level in Canada, Finland, the Netherlands, Norway, Sweden, Switzerland, the UK and the US Moreover, while in some countries, (including Finland, the UK and the US) residential ... confidence bands in all graphs Given the large 16 To identify the monetary policy shock it is sufficient to determine the position of the monetary policy instrument; the ordering of the variables in the ... also for these countries the existence of cointegration could not be rejected We therefore specify the VAR models in the level of the variables Nevertheless, we neither impose the number of cointegrating...
Ngày tải lên: 24/10/2012, 09:40
Slide an investigation into some approaches to vocabulary teaching and learning and the application of games in teaching and learning vocabulary at pre – intermediate level at foreign language center – haiphong university
... 1972, p.111) Rationale Aims of the study Scope of the study Methods of the study Design of the study Research questions: What is the present situation of teaching and learning vocabulary at Pre ... reaction, their progress and expectation 1.What you think of the games your teachers used in your vocabulary lesson? a b c d Very interesting and useful Rather interesting and useful Interesting and ... each other on the meaning of unfamiliar words, including vocabulary items they not know (Nation and Newton, 1977, p.244) Part two: Development Chapter two: Present situation of teaching and learning...
Ngày tải lên: 29/01/2014, 14:36
Tài liệu Interest on Excess Reserves as a Monetary Policy Instrument: The Experience of Foreign Central Banks ppt
... facilities In the cases of the ECB and the Bank of Japan, access is broad, so the market rates may well be indicative of overall market activity The Bank of Canada, the Bank of England, and the Riksbank ... the policy rate floor These five are the ECB, the Bank of Japan, the Bank of England, the Bank of Canada, and Norges Bank Of the five, the ECB and the Bank of Japan monitor a market rate corresponding ... form the basis for the findings The eight central banks covered are: the Reserve Bank of Australia, the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, the Reserve...
Ngày tải lên: 17/02/2014, 03:20
Tài liệu Higher economic growth through macroeconomic policy coordination? The combination of wage policy and monetary policy docx
... monetary policy and wage policy, the role of the ECB in such a process is of great importance In the next step, we will look at the conditions for wage policy The statute and the targets of the ECB ... policy in the euro area These simulations are supplemented by an analysis of the experience of other countries in Section The examples of the United States, the Netherlands and Ireland are chosen ... some of them: In the second half of the nineties, the real effective exchange rate of the dollar rose sharply, in addition the terms of trade improved as a result of a drop in the price of raw...
Ngày tải lên: 20/02/2014, 20:20
Governing Electronically E-Government and the Reconfiguration of Public Administration, Policy and Power potx
... example, the administration and management of policy, the delivery of services, the development, analysis and evaluation of policy, the involvement of political and democratic processes and interacting ... employment and our experience of work, and the operation of the modern state The advent of the internet has generated new and heightened interest in the governmental operations of the state, ... intention in the use of tools and reflect on the way in which instruments can transform the way in which we understand and see the world In a very literal way, the invention of the telescope and microscope...
Ngày tải lên: 06/03/2014, 06:21
INTEREST RATES AND THE CONDUCT OF MONETARY POLICY pot
... support for the expectations theory of the term structure (see references in Cook and Hahn (1989)) The standard test of the expectations theory in these papers is to regress the change in the 3-month ... downward The greater the proportion of the variance of the yield curve slope due to the expected term premium and the less due to the expected change in the 3-month rate, the greater will be the downward ... conventional tests of the expectations theory of the term structure that are discussed briefly V.l The Founding of the Fed The Federal Reserve radically altered the character of short-term rate...
Ngày tải lên: 15/03/2014, 01:20
Postal Savings and the Provision of Financial Services: Policy Issues and Asian Experiences in the Use of the Postal Infrastructure for Savings Mobilization pdf
... ING Barings is also the fifty per cent owner of the Netherlands Post With the Postbank and the Netherlands Post under the same ownership, the two institutions can again tap the synergies possible ... Savings and the Provision of Financial Services widely seen as part of the agenda of Germany’s commercial banks to force the privatization and then take over the Landesbanks Even though the Sparkassen ... corporation, and several to privatized systems Europe has had the most occurrences of privatization of postal operations, and the entire systems of the Netherlands and Germany have been privatized The...
Ngày tải lên: 15/03/2014, 09:20
BANK LENDING AND THE TRANSMISSION OF MONETARY POLICY pdf
... debt financing The greater the cost of external debt financing and the greater the volatility in the supply of demand deposits, the greater the demand for securities as an inventory of liquidity ... ignoring the differing responses of constrained and unconstrained banks potentially can affect the size of the impact of monetary policy on the economy and the ability to find evidence of an operational ... data, and the 1986:IV and 1987:I observations because of the effects on the timing of investment and loans associated with the Tax Reform Act of 1986 For the entire unconstrained bank sample, the...
Ngày tải lên: 15/03/2014, 10:20
Pollution haven hypothesis and Environmental impacts of foreign direct investment: The Case of Industrial Emission of Sulfur Dioxide (SO2) in Chinese provinces doc
... GUANGXI Sichuan+ GANSU SHANDONG JIANGSU LIAONING BEIJING JIANGSU ZHEJIANG GUANGDON XINJIANG HUNAN HENAN HUBEI JILIN YUNNAN JIANGXI HEILONGJ ANHUI QINGHAI BEIJING GUANGXI SHANDONG FUJIAN 1709.91 ... = ' ,> SHANXI 85.4767 fdi_gdp FDIK/GDP-GDPPC 29.9789 @? A A D A F:D SHANGAI JIANGSU LIAONING SHANDONG : INNER MO TIANJIN ZHEJIANG × 9? $9= 87 @ ; = ' ,>5 SHANXI D: A ×A + ) F:D @ :@ hainan 85.4767 ... × >? A A @ A E:F C> F:D B C: A A A NINGXIA 29.9789 9? $9= @ 87 C; : EF BEIJING TIANJIN HEBEI SHANDONG GUIZHOU SHAANXI LIAONING GUANGXI GUANGDON JIANGSU Sichuan+ GANSU ZHEJIANG FUJIAN GUANGDON...
Ngày tải lên: 15/03/2014, 16:20
YouTh and The Media NatioNal Programme for the PromotioN of media SkillS pdf
... gaming consoles under the age of 6, no Internet under the age of and no unsupervised Internet under the age of 12 Observe the age ratings Both for films (jugendundmedien.ch) and computer games (pegi.ch) ... between the ages of and 13 Nevertheless, a number of the rules are also applicable to adolescent children FURTHER INFORMATION • On the Internet: www.jugendundmedien.ch • Information and advice ... should they spend using the digital media at what age?” These are the kind of questions parents and other caregivers are confronted with Children should learn to take a critical approach to the...
Ngày tải lên: 17/03/2014, 20:20
Measuring the long-term perception of monetary policy and the term structure docx
... the long-term perception of monetary policy and the term structure The views expressed are those of the author and not necessarily reflect the views of the Bank of Finland I would like to thank ... under the control of the German monetary authorities until the end of 1998 (and normally depended of German macroeconomic conditions) and of the ECB after this date (and the euro area activity and ... agents about the structure of the economy and the policymaker preferences Hence, these two features increase the sensitivity of in‡ ation expectations and of the term structure of interest rates...
Ngày tải lên: 22/03/2014, 23:20
WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx
... Prasad (1997) studied the effect of an appreciation Orphanides and Wieland (1998) provided a first study of the effect of the zero bound on the distributions of output and inflation in the U.S economy ... indicate the upward bias in the standard deviation of output and inflation as a function of the equilibrium nominal interest rate For example, for an i∗ of 1% the standard deviation of the output ... above, the distortion of output and inflation distributions is driven by a distortion of the real interest rate The left-hand panels of Figure report the upward bias in the mean real rate and the...
Ngày tải lên: 22/03/2014, 23:20
Dual-track interest rates and the conduct of monetary policy in China potx
... for loans The market rate increases as the PBC raises the RRR, which means the higher the RRR, the less the funding available from the banks and the higher the demand for funding in the nonregulated ... He and Honglin Wang Dual-track Interest Rates and the Conduct of Monetary Policy in China All opinions expressed are those of the authors and not necessarily reflect the views of the Bank of ... has no impact on the market rate The market rate increases as the PBC raises the RRR and issues more bills The impact of the credit quota on the market rate is ambiguous The proof of Result 2.3...
Ngày tải lên: 29/03/2014, 13:20
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
... and the questioning of the long-term viability of the Eurozone as the prospect of a breakup of the euro is increasingly viewed as possible.” While the potential fiscal and political causes of the ... Finland, France, the Netherlands, the Czech Republic, and the UK are explored in more detail It should be noted that due to the concerns about the accuracy of the HP filter towards the end of ... policy stress in the euro area declined gradually in the first two years of the ECB operation and hovered around 2% over the rest of the observation period The pattern in the early years of the...
Ngày tải lên: 29/03/2014, 13:20
The Federal Land Policy and Management Act of 1976 As Amended pot
... Washington, and Wyoming of (1) all Federal lands other than withdrawals of the public lands 10 ———— Federal Land Policy and Management Act of 1976 administered by the Bureau of Land Management and of lands ... Department of the Interior, Bureau of Land Management and Office of the Solicitor (editors) 2001 The Federal Land Policy and Management Act, as amended U.S Department of the Interior, Bureau of Land ... WITHDRAWALS (e) The Secretary shall determine and establish the size of tracts of public lands to be sold on the basis of the land use capabilities and development requirements of the lands; and, where...
Ngày tải lên: 31/03/2014, 13:20
towards a just monetary system a discussion of money, banking and monetary policy in the light of islamic teachings
Ngày tải lên: 31/05/2014, 01:31