studies rates and the poisson distribution
Tài liệu Macro-Finance Models of Interest Rates and the Economy pdf
Ngày tải lên :
17/02/2014, 03:20
... orthodoxy Therefore, it also seems likely that the recent financial and economic crisis the Great Panic and Recession of 2008 and 2009—will both rearrange the economic landscape and affect the focus ... solved and responses given Quarters of the term premium and the other variables of the model to economic shocks can be computed Figures and show the impulse response functions of the term premium and ... premium is the difference between these two lines The model does not match the data perfectly, so the model’s residuals the difference between the model predictions taking into account risk and the data—are...
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INTEREST RATES AND THE CONDUCT OF MONETARY POLICY pot
Ngày tải lên :
15/03/2014, 01:20
... 1933 they found it to be close to a random walk Mankiw et al also examined the relation between three- and six-month rates before and after the founding of the Fed The two rates moved together ... Cook and Hahn (1989)) The standard test of the expectations theory in these papers is to regress the change in the 3-month rate from period to period t + on the difference between the 6-month and ... results rests on the assumption tha.t movements in the funds rate target caused movements in other rates and not the reverse They defend their assumption as follows: The Desk changed the funds rate...
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Interest Rates and The Credit Crunch: New Formulas and Market Models potx
Ngày tải lên :
15/03/2014, 07:20
... similar to those in the classic LMM The main difference is given by the drift rates that depend on the relevant forward rates for the discount curve, rather then the other FRA rates in the considered ... forward and swap measures Hints on the derivation of pricing formulas for caps and swaptions are then provided in the specific case of the Wu and Zhang (2006) model Section concludes the article These ... each other, either because related to the same time interval or because implied by other market quotes Rates related to the same time interval are, for instance, deposit and OIS rates with the...
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Zero Interest Rates and the Fall in U.S. Bank Lending pdf
Ngày tải lên :
22/03/2014, 17:20
... exporters and importers and households increase Surprisingly, retail bank credit in the both the U.S and Europe is still declining The sharp weakening of the dollar against the euro and other important ... entity: the U.S Federal Reserve Bank And because the world is still largely on a dollar standard, what the Fed does strongly influences other central banks around the world The key point is that the ... businesses, especially small and medium sized, languished despite the gargantuan efforts of the Fed to expand the size of the banking system Why was it a mistake for the Fed to flood the system with so...
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Dual-track interest rates and the conduct of monetary policy in China potx
Ngày tải lên :
29/03/2014, 13:20
... 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 market, and thus, the higher the market rate Similarly, ... both the deposit-rate ceiling and the lending-rate floor are binding, the market rate in the deposit market is the ceiling rdb , and the market rate in the lending market is the floor rlb Therefore, ... with the predictions of the theoretical models and the calibration: changes in regulated interest rates and other policy instruments have predictable effects on market interest rates For the People’s...
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International Financial Market and Korean Economy Introduction to exchange rates and the foreign exchange market
Ngày tải lên :
23/12/2015, 15:57
... the euro The euro rates begin in 1999 when the currency was introduced The yen, pound, and Canadian dollar all float against the U.S dollar The pound and yen float against the euro The Danish ... Rates The chart shows the U.S spot and three-month forward exchange rates for the euro in dollars per euro in the year 2008 The spot and forward rates closely track each other 3 The Market for Foreign ... figure shows exchange rates of three currencies against the U.S dollar and three against the euro The euro rates begin in 1999 when the currency was introduced The yen, pound, and Canadian dollar...
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Introduction to exchange rates and the Foreign Exchange Market
Ngày tải lên :
13/01/2016, 21:16
... vary e Using the information from (d), what has happened to the value of the U.S dollar relative to the British pound and the euro? Note: the H.10 release quotes these exchange rates as U.S dollars ... Britain and 4.04% in the Netherlands The (one-year) forward euro–pound exchange rate is 1.575 euros per pound and the spot rate is 1.5 euros per pound Answer the following questions, using the exact ... Exchange Rates I: The Monetary Approach in the Long Run In the previous table: • PPP holds only when the real exchange rate qUS/F ϭ This implies that the baskets in the home country and the United...
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Tài liệu Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis docx
Ngày tải lên :
15/02/2014, 05:20
... transmission over the long term, the coefficients θ and δ measure the shortterm dynamic, and u are the error terms The term in the parentheses is the cointegration vector and represents the long-term ... rate is the most relevant to the formation of retail interest rates The short-term market interest rates are OIS and Euribor The long-term market interest rates are the swap rate and the government ... explains the low level of the synthetic interest rate The moderate increase in Belgian interest rates since the start of 2010 corroborates the conclusion cited above, i.e that the repercussions of the...
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Tài liệu The Benefits of Bank Deposit Rate Ceilings: New Evidence on Bank Rates and Risk in the 1920s (p. 2) docx
Ngày tải lên :
15/02/2014, 05:20
... Deposit Rates and Risk The critical variables for this study are deposit rates But for which deposits are the rates on these reports? The old table of rates paid identifies only the amount found these ... of the U.S government to earning assets • Interest received to earning assets The presumption was and still is—that the higher these ratios, the lower the quality of the bank's assets and so the ... there, in fact, a correlation between bank rates and bank risk? These were the questions asked by two separate studies in the 1960s They both tried to measure the correlation for banking in the...
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Tài liệu Bank mergers and the dynamics of deposit interest rates doc
Ngày tải lên :
17/02/2014, 03:20
... +1 ], (12) 0, otherwise, and where x is the value of the explanatory variable (the time distance to the merger, in our case) The values xi denote the “knots” of the spline, and the coefficients, ... These authors extend the time horizon of the analysis to six years after the merger, and their results imply that in the long run, merging banks offer higher deposit rates than their rivals The ... opposite, the “structureconduct-performance hypothesis” The “efficiency hypothesis” states that the merged bank might reach economies of scale and other efficiency gains and transfer these to the customers...
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Tài liệu Global Change and the Function and Distribution of Wetlands ppt
Ngày tải lên :
18/02/2014, 20:20
... demonstrates the inter-connectedness of the low and high latitudes, and the global nature of the Earth’s hydrologic cycle Our case studies provide glimpses of wetland ecosystems, which expanded and ... mudstone block These trees grew in a bottomland forest (Fig 20) and given the preservation quality of the leaves and the fine-grained nature of the sediment, there was little transport of the leaves ... between 23.5°N and 23.5°S latitudes over the course of the year, there is little variance in the mean annual temperatures of the tropical lowlands Nevertheless, variation in the position of the solar...
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Tài liệu Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945 docx
Ngày tải lên :
20/02/2014, 19:20
... share of the top 0.1% (the top solid line in the figure) and the top 0.01% (the lower dashed line) since 1945.32 Under both definitions of the top of the income distribution (i.e., the rich), the ... 0.01% Source: Piketty and Saez Note: The vertical axis is the share of total income The observed relationship between the top tax rates and the income share of the top 0.1% and the top 0.1% are displayed ... taxes but also by the quantity and quality of the labor force The indicators of the quantity and quality of the labor force include the change in the proportion of the population in their prime-age...
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Tài liệu Euphorion Being Studies of the Antique and the Mediaeval in the Renaissance - Vol. II pot
Ngày tải lên :
21/02/2014, 21:20
... one behind the other, and by their side stand apostles and doctors of the Church; admitting them to the sight of the super-human, with the gesture, the bland, indifferent vacuity of the Cameriere ... the Euphorion, by Vernon Lee 15 other Roland and the other Renaud, the Orlando of Ariosto and the Rinaldo of Boiardo The traitor Ganelon has enabled King Marsile to overtake with all his heathenness ... verses But soon the songs and tales were translated; and French poets imitated in their language, northern and southern, the graceful metres of the Keltic lays, and altered and arranged their subjects...
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The Geographic Distribution and Characteristics of U.S. Bank Failures, 2007-2010: Do Bank Failures Still Reflect Local Economic Conditions? pptx
Ngày tải lên :
06/03/2014, 10:20
... Island, and Vermont), four southeastern states (Kentucky, Mississippi, South Carolina, and Tennessee), and two Great Plains states (Montana and North Dakota) Figure shows the distribution of the ... states in the 1970s and 1980s and then by the federal government in the 1990s, led to a substantial consolidation of the U.S banking industry By 2009, the number of commercial banks in the United ... and non-failing commercial banks during 1987-92 Subsequently, we derive state-level bank failure rates and investigate the correlation between failure rates and measures of the housing boom and...
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ROUTLEDGE STUDIES IN SCIENCE, TECHNOLOGY AND SOCIETY: Human-animal relations and the rise of veterinary medicine pot
Ngày tải lên :
06/03/2014, 16:20
... changes in the humananimal relationship and the rise of the veterinary regime from the time of animal domestication and the inception of livestock husbandry up until the present day The book, therefore, ... warriors The vast majority of people in agrarian societies fell into the first category and resided at the bottom of the social hierarchy: these were the people who tended, rather than owned, the land ... wealth, power and fertility, and accordingly they were revered, anthropomorphised and transformed into the objects of worship These animals are predominant in the pantheons of Sumerian and other early...
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SCIENCE AND THE GREATER EVERGLADES ECOSYSTEM RESTORATION AN ASSESSMENT OF THE CRITICAL ECOSYSTEM STUDIES INITIATIVE potx
Ngày tải lên :
06/03/2014, 18:21
... scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the general welfare Upon the authority of the charter granted to it by the Congress ... crafting of the conclusions and recommendations and in the drafting of the report We were ably supported and guided in our work by the Water Science and Technology Board (WSTB) and the Board on ... including the National Oceanic and Atmospheric Administration, the USGS, the FWS, the NPS, the Corps, and the SFWMD, on topics such as interagency coordination and integration of CESI projects The...
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Doctor of Philosophy in Mathematics Linear and Non-linear Operators, and The Distribution of Zeros of Entire Functions
Ngày tải lên :
10/03/2014, 16:15
... summands, and if the orders of the summands and of the sum are all equal, then 21 the type of the sum is not greater than the larger of the types of the two summands In addition, if one of the two functions ... growth than the other, then the sum has the same order and type as the function of larger growth The following theorem enables one to determine the order and type of an entire function by the rate ... and to probability and statistics and other branches of mathematics, the subject flourished through the first third of the 20th century After the publication of Szeg˝’s well known treatise on the...
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Báo cáo " Long-term sediment distribution calculation taking into account sea level rise and the development of Day estuary " potx
Ngày tải lên :
10/03/2014, 18:20
... specific cases In addition, the process of shifts and changes of coastlines was not considered in this study Therefore, to assess the phenomenon fully and comprehensively, other studies are needed References ... Sciences and Technology 28, No 3S (2012) 57-62 According to the low emission scenario (B1), sea level in the Day estuary could rise by 19-23 cm by middle 21st century, and by 4258cm at the end of the ... from the Day river no longer exists after 15 years due to the filling of the river mouth Later 15 years, changes only (a) happens in the sea bed outside the river mouth It can be seen that the...
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Health supplier quality and the distribution of child health ppt
Ngày tải lên :
14/03/2014, 09:20
... and SES of the younger female population of the practice Most of these measures are taken early during pregnancy and refer to the health, housing and SES of the mother prior to the birth of the ... readings and the other two are from mothers’ responses So if there is mother reported bias, the use of the measures based on medical records should show this For estimation purposes we use these ... measure if the quality measure of the practice is the lowest quartile of the practice quality distribution Both the unadjusted and the adjusted quality measures are analysed this way: the adjusted...
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