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president of the federal reserve bank of atlanta

Preferences of the Central Reserve Bank of Peru and optimal monetary policy rules in the inflation targeting regime ppt

Preferences of the Central Reserve Bank of Peru and optimal monetary policy rules in the inflation targeting regime ppt

Ngân hàng - Tín dụng

... that the current inflation rate depends on its lagged values, on the fluctuation of the exchange rate in the previous period and on the two-period lag of the output gap. The verticality of the ... Reserva del Perú. The views expressed in this paper are those of the authors and do not reflect necessarily the position of the Central Reserve Bank of Peru. 15 Terms of trade gap()ttt ... non-significance of the real interest rate coefficient in the aggregate supply equation. Another result that is noteworthy concerns the effect of the terms of trade gap on the output gap. The evidence...
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Báo cáo khoa học: Structural characterization of the large soluble oligomers of the GTPase effector domain of dynamin potx

Báo cáo khoa học: Structural characterization of the large soluble oligomers of the GTPase effector domain of dynamin potx

Báo cáo khoa học

... for formation of short helices, transiently,and the chain as such is highly dynamic.Structure of the core of the oligomersBecause of the large size of the core of the oligomer, the NMR spectra ... assembles in the form of ringsaround the necks of budding vesicles, and then a con-formational change in the dynamin collar aids the scis-sion of the vesicle from the parent membrane. The coiled-coil ... calculated the electrostatic potential of the surfaces of the twolong helical segments predicted from the above algo-rithms; these are shown in Fig. 8. The two oppositefaces of the helices...
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Báo cáo khoa học: Revisiting the 13C-label distribution of the non-oxidative branch of the pentose phosphate pathway based upon kinetic and genetic evidence doc

Báo cáo khoa học: Revisiting the 13C-label distribution of the non-oxidative branch of the pentose phosphate pathway based upon kinetic and genetic evidence doc

Báo cáo khoa học

... formedbetween the carbonyl group of the ketose substrate(f6p, s7p) and the e-amino group of a lysine residue of the active site of the enzyme, leading to the formation of either g3p or e4p ... pools gener-ated by the half-reactions.Genetic organization of the nonoxidative branch of the PPPIn recent years, the genes encoding the enzymes of the nonoxidative branch of the PPP have been ... those of the traditionalmodel. The similarity of the flux estimates indicatesthat the presence of isoenzymes reduces the differencein13C-label distribution between the two models andimpedes their...
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FEDERAL RESERVE BANK OF ATLANTA: Financial Highlights pdf

FEDERAL RESERVE BANK OF ATLANTA: Financial Highlights pdf

Tài chính doanh nghiệp

... credit to AIG, and other Fed assets. Liabilities: Other—Reverse repos, Treasury cash holdings, and deposits with Federal Reserve Banks other than reserve balances and excluding the Supplementary ... Federal Reserve Summary The balance sheet remained little changed, decreasing by $9 billion for the week ended September 15. Bank reserve balances decreased $118 billion, offset ... offset by a $110 billion increase in Treasury deposits with Federal Reserve banks (part of “Other”). Assets: Lending to nonbanks—TALF, CPFF, AMLF, and MMIFF; Short-term lending to financials—discount...
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Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute - Ultra Easy Monetary Policy and the Law of Unintended Consequences* pptx

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute - Ultra Easy Monetary Policy and the Law of Unintended Consequences* pptx

Ngân hàng - Tín dụng

... increasehasbeennotable,72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.73ThisproblemisanalogoustothatfacedbyJapanesecorporationsin the 1990’s,aftermanyyears of debtfinancedinvestmentwhichprovedunprofitable.Koo(2003)stronglycontendsthat the weakness of investmentspendinginJapanin the 1990’swasduetothis“balancesheeteffect”,andwasnotduetoashortage of loanscausedbyaweakenedbankingsystem.74SeeBIS(2012)p29forafullerdocumentation.AlsoseeMcKinsey(2010)whoidentify the householdsectorinfive of the fourteencountriestheyconsiderashavingahighprobability of futuredeleveraging.TheyidentifySpain, the US, the UK,CanadaandKorea.While the householdsectorsinBrazil,Russia,ChinaandIndiawerenotjudgedtobeoverleveraged,notethat the dataconsideredextendedonlyto2009.Thus the reportmissed the recentsharpincreasesinhouseholddebtlevelsinthosecountries. ... isimportanttonotethatKeyneshimselfwasnotconvinced of the effectiveness of easymoneyinrestoring real growth in the face of a Deep Slump. This is one of the principal insights of the GeneralTheory.21Incurrentcircumstances,twoquestions ... termexpectedcosts.Undoubtedlythiswouldbeverypainful,but(bydefinition)lesspainfulthan the alternative of notdoingso.JohnKennethGalbraithtoucheduponasimilarpracticalconundrumsomeyearsagowhenhesaid20“Politicsisnot the art of the possible.Itischoosingbetween the unpalatableand the disastrous”.Thismightwellbewhere the centralbanks of the AME’sarenowheaded,absent the vigorouspursuitbygovernments of the alternativepoliciessuggestedabove.B....
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Tài liệu IN PLAIN ENGLISH: MAKING SENSE OF THE FEDERAL RESERVE pptx

Tài liệu IN PLAIN ENGLISH: MAKING SENSE OF THE FEDERAL RESERVE pptx

Ngân hàng - Tín dụng

... a Federal reserve system making sense OF THE FEDERAL RESERVE 1 MAKING SENSE OF THE FEDERAL RESERVE 171. Who created the Federal Reserve System? (page 1)2. Name the three parts of the Federal ... Reserve Bank of Boston www.bos.frb.org Federal Reserve Bank of Chicago www.chicagofed.org Federal Reserve Bank of Cleveland www.clevelandfed.org Federal Reserve Bank of Dallas www.dallasfed.org Federal ... combines the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York and four other Reserve bank presi-dents, who serve one-year terms on a rotating basis. The...
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Tài liệu Federal Reserve Bank of New York Staff Reports - Why Are Banks Holding So Many Excess Reserves? doc

Tài liệu Federal Reserve Bank of New York Staff Reports - Why Are Banks Holding So Many Excess Reserves? doc

Ngân hàng - Tín dụng

... Sources of Bank Reserves Figure 5 illustrates the link between the size of the Federal Reserve s liquidity facilities and the quantity of reserves in the banking system. The top half of this ... Skeie. The views expressed in this paper are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. 11 Sources of ... and left the proceeds from the sale of these securities on deposit at the Federal Reserve; the net effect of this operation was to remove reserves from the banking system. The size of this program...
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Tài liệu Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System pptx

Tài liệu Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System pptx

Tài chính doanh nghiệp

... is the purpose of the Financial Remediation Framework? The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (FRB) have developed the ... available since the origination of the loan, the estimated value of the home at the time of error will be based on the estimated value of the home at loan origination adjusted by the Case-Schiller ... modification agreement will determine whether or not the borrower is considered to be in 1 Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System JUNE 21, 2012...
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Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency potx

Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency potx

Ngân hàng - Tín dụng

... among other things, the validity of the assumptions, the severity of tests, the robustness of the estimates, the performance of any underlying models, and the stability and reasonableness of the ... 1 Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Guidance on Stress Testing for Banking Organizations ... ensure that the scenarios continue to be timely and relevant. SR Letter 12-7 Attachment 2 viability.2 The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal...
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ASIA FOCUS: FEDERAL RESERVE BANK OF SAN FRANCISCO pptx

ASIA FOCUS: FEDERAL RESERVE BANK OF SAN FRANCISCO pptx

Ngân hàng - Tín dụng

... postponed the sale of shares due to the poor performance of the domestic stock market. The bank reportedly plans to conduct its IPO in the second half of 2011 and sell up to a 20% stake, 10% of which ... in the Asia Pacific region. The views expressed in this publication are solely that of the author and do not necessarily represent the position of the Federal Reserve System. V ietnam’s banking ... Techcombank Sacombank Wholly Foreign-Owned Banks HSBC Standard Chartered Bank ANZ Bank Shinhan Bank Hong Leong Bank Joint Venture Banks (JV Bank Name) (Vietnamese and Foreign JV Bank...
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Federal Reserve Bank of New York Staff Reports: Shadow Banking ppt

Federal Reserve Bank of New York Staff Reports: Shadow Banking ppt

Ngân hàng - Tín dụng

... tobias.adrian@ny.frb.org). The views expressed in this paper are those of the authors and do not necessarily reect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Abstract The ... that the understanding of the plumbing of the shadow banking system is an important underpinning of any study of systemic interlinkages within the financial system. The remainder of the paper ... contraction in the size of the shadow banking system, thereby protecting the broader economy from the dangers of a collapse in the supply of credit as the financial crisis unfolded. While these programs...
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Federal Reserve Bank of New York Staff Reports: Shadow Banking Regulation pdf

Federal Reserve Bank of New York Staff Reports: Shadow Banking Regulation pdf

Ngân hàng - Tín dụng

... those of the authors and are not necessar-ily reective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Federal ... support of FHLB liabilities by the US Government. The secured nature of an advance, as well as the lien the Federal Home Loan Bank has on the other assets of the borrower, means that the claims of ... during the crisis is the role of re-hypothecation of collateral by dealers. Singh and Aitken (2009) investigate the role of re-hypothecation in the shadow banking system. Re-hypothecation is the...
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Federal Reserve Bank of Minneapolis Quarterly Review: Money and Interest Rates docx

Federal Reserve Bank of Minneapolis Quarterly Review: Money and Interest Rates docx

Ngân hàng - Tín dụng

... get bid up by the amount that the money supply increases regardless of the fraction of traders in the economy, because the quantity of the endowment is constant. The determination of nominal interest ... currentrate of growth of the money supply). This works becausethere is no reason for people to change their expectations of what money growth will be in the future.However, if the deviation of inflation ... dis-cussions of earlier versions of this article.1 The term liquidity effect as now used in the literature refers to the effect of un-expected changes in money growth rather than the effect of changes...
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Federal Reserve Bank of New York Staff Reports: Bank Liquidity, Interbank Markets, and Monetary Policy pptx

Federal Reserve Bank of New York Staff Reports: Bank Liquidity, Interbank Markets, and Monetary Policy pptx

Ngân hàng - Tín dụng

... understanding the role of the interbank mar-ket. The main pu rpose of this market is to redistribute the …xed amount of reserves thatis he ld within the banking system. In our model, banks may ... views expressed in this paper are those of the authors and donot necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. ... necessarilyreflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. and the bank s budget constraints bind and...
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Federal Reserve Bank of New York Staff Reports: What Fiscal Policy Is Effective at Zero Interest Rates? pot

Federal Reserve Bank of New York Staff Reports: What Fiscal Policy Is Effective at Zero Interest Rates? pot

Ngân hàng - Tín dụng

... including the European Central Bank, the Bank of Japan, the Bank of Canada, the Bank of England, the Riksbank of Sw eden, and the Swiss National Bank, igniting similar debatesin all corners of the ... assumption is that the price the firm sets is exclusive of the sales tax. This meansthat if the government cuts sales taxes, then consumers face a lower store price of exactly the amount of the tax cuts ... into dollars. Think of the tax cuts in terms of dollar cuts in tax collections in the absence of shocks, i.e., tax collection in a "steady state."Then the meaning of the multiplier is...
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