... the differences in the behaviors and attitudes of the grandmother, the father and the mother and the children at least cause discontent to one another The grandmother held the floor most of the ... with the grandmother Regarding the children, they disapproved of the decision of their grandmother but, as the youngest in the family, their reaction did come to no where Finally, it was the grandmother ... 199) The grandmother had experienced both the hardest time such as the time of the Civil War, the Great Depression, the World War II and the prime time of the nation, the affluent America in the...
... P-values in parentheses 6.2 Competition and the bank interest-rate pass- through As a first investigation into the impact of competition on the bank interest rate pass- through, we analyse the effect ... period These banks have to recoup the costs of their options which may reduce the speed of the interest rate passthrough for outstanding clients Sander and Kleimeier (2002, 2004) differ from others ... for all the bank and market interest rate series used The IPS test on the null hypothesis of a unit root cannot be rejected at the 5% significance level for either the bank rates or the market...
... cost of the breaking collusive pricing arrangements of banks The empirical literature on the interest rate passthrough can be divided in to two groups based on the type of the data used Thefirst ... that the degree of short term passthrough is mainly related with the factors like the level of concentration in the banking system, inflation, volatility of money market rate and bank costs The ... appreciation of the lira would not be enough to precipitate the 2000-2001 crises They provide a plenty of evidence regarding the risk accumulation in the banking system in the period preceding the crisis:...
... summarises the pass- through process since the introduction of the euro and compares the results based on the EMU sample with the estimated pre-EMU coefficients The table confirms the main findings ... purchase has increased since the introduction of the euro by around 15 percentage points Looking at the pass- through during thefirst year, the results suggest a quicker pass- through of changes in market ... differences in the pass- through process across retail bank instruments Comparing the findings based on the EMU sample with the results from the pre-EMU sample, three observations emerge Thefirst observation...
... heterogeneity in the pass- through process Owing to the importance of banks in the euro area financial system and their role in the transmission of monetary policy, the bank interest rate pass- through ... that the interest rate pass- through is heterogeneous between the euro area countries and that there are structural breaks in the passthrough process occurring before the introduction of the euro ... across the various bank products Interestingly, we find that there seems to be a positive relationship between the maturity and the completeness of the pass- through, as the long-run pass- through...
... as the margin that a bank locks in between the charged loan rate and the marginal cost of funding Furthermore, the adjustment speed of product rates as well as the short- and long-term pass- through ... Section presents the main results, which are validated in the following robustness section The final section concludes the paper 5HODWHG /LWHUDWXUH The estimation of interest rate pass- through models ... Thus, many studies focus on the estimation of certain pass- through parameters that describe the interest-setting behavior of banks (i.e., the final results of pass- through models, such as interest...
... Both the slope and the pressure intercept of the pressure–volume curve are therefore needed to define the mechanical behavior of the respiratory system Third, the transmission of IAP to the thorax ... increased the tension across the diaphragm and perhaps minimized the influence of IAP on pleural pressure These results raise some important issues For the clinician, the take-home message from the ... attenuate pressure transmission from theabdomen to the thorax Careful attention to these physiological issues is required when examining the clinical literature In their study, Krebs and colleagues...
... each Prior radiotherapy records were obtained and reviewed in all cases at the time of retreatment The median dose of prior radiotherapy was 45 Gy (range 30-50.4 Gy) The prior radiotherapy dose ... of the ulcer The remaining 11 patients completed their prescribed course of radiation therapy The patient with grade acute toxicity subsequently developed grade late toxicity (bleeding from the ... of reirradiation to theabdomen for gastrointestinal malignancies Reirradiation to theabdomen could potentially play a role in palliation of symptoms or local control Hence, the goal of this study...
... literature, the terminology “interest rate pass- through generally has two meanings: loan rate pass- through and deposit rate pass- through In this paper, we focus on the former since the general ... Interest Rate Pass- Through Over the past decade, a huge number of empirical studies have been conducted in an attempt to estimate the degree of interest rate pass- through in the euro area In the literature, ... however, is that the central bank is now required to stabilize the rate of change in the average loan rate, not the rate of change in the policy rate The necessity for the stabilization of the average...
... on the degree of passthrough in the short term (α2, or the size of the pass- through on impact and thus within a month), the degree of pass- through in the long run (β2, or the size of the pass- through ... that the results are broadly comparable, especially in the long run: the size of the long-run pass- through is about the same across these instruments In the short run, however, the pass- through ... market power in the banking system may affect the pass- through process In the last section of the paper, therefore, we compare the pass- through across countries and try to investigate the relative...
... that the results are broadly comparable, especially in the long run: the size of the long-run pass- through is about the same across these instruments In the short run, instead, the pass- through ... , the size pass- through on impact and thus within a month), the degree of pass- through in the long run ( β2 , the size of the pass- through in the long run or in steady state), and the speed of ... power in the banking system may affect the pass- through process In the last section of the paper, therefore, we shall compare the pass- through across countries and try to investigate the relative...
... EXCHANGE RATE PASS - THROUGH AND MONETARY POLIICY IN CROATIA GIỚI THIỆU TỔNG QUAN LÝ THUYẾT VẤN ĐỀ DỮ LIỆU PHÂN TÍCH ... nghiên cứu trước Krugman , 1987, “Pricing to market when the exchange rate changes” Nghiên cứu vào phân tích chứng việc định giá theo thị trường – định nghĩa việc trì nâng giá hàng hóa xuất ... toàn đến giá nhập Tổng quan nghiên cứu trước Gosh and Wolf, 2001, “Imperfect Exchange Rate PassThrough: Strategic Pricing and Menu Costs” Nghiên cứu hiệu ứng truyền dẫn ngắn hạn không hoàn...
... phần gói nhập quốc gia Campa, Goldberg González-Mínguez (2005): “Exchange Rate Pass- Through to Import Prices in the Euro Area” Phân tích thực nghiệm chuyển dịch tỷ giá hối đoái đến giá nhập ... khu vực Euro bắt đầu sử dụng đồng tiền chung Châu Âu Ihrig cộng (2006): “Exchange Rate Pass- Through in the G-7 countries” Có sụt giảm giá nhập biến động giá tiêu dùng gần tất nước G7 Khoảng ... tài liệu áp dụng cho kinh tế bao gồm: Choudri Hakura (2006): “Exchange Rate Pass- Through to Domestic Prices : Does the Inflationary Environment Matter?” Sử dụng số liệu 71 nước phát triển giai...
... dụng cho kinh tế bao gồm: Page EXCHANGE RATE PASS- THROUGH IN EMERGING MARKETS Choudri Hakura (2006): “Exchange Rate Pass- Through to Domestic Prices: Does the Inflationary Environment Matter?” • Sử ... Inflation, Pass- Through, and the Pricing Power of Firms” • Phá giá đồng tiền lúc gây lạm phát Những nước có tỷ lệ lạm phát thấp bị lạm phát sau phá giá Page 10 EXCHANGE RATE PASS- THROUGH IN EMERGING ... euro gây thay đổi chuyển dịch tỷ giá vào giá Hahn (2003): Pass- Through of External Shocks To Euro Area Inflation” Page EXCHANGE RATE PASS- THROUGH IN EMERGING MARKETS • Nghiên cứu tác động chuyển...
... 1 Định nghĩa: ● Exchange rate pass- through (ERPT) hiểu hiệu ứng trung chuyển tác động tỉ giá (TS Nhật Trung, TS Nguyễn Hồng Nga) ... ●1 ● diễn cách không hoàn hảo diễn cách không hoàn hảo ●2 ● ERPT ●3 ●4 ●5 ● giảm dọc theo chuỗi giá giảm dọc theo chuỗi giá ● nước phát triển thấp ĐPT nước phát triển thấp ĐPT ● tương quan thuận ... Singapore…), Trung Đông Âu, nước Mỹ Latinh So sánh với Mĩ Nhật, EU ● ● ● ● ● Giá dầu tính giá dầu thô theo đồng USD Biến đầu sử dụng GDP Áp dụng sách tỷ giá danh nghĩa PMI CPI quy đồng nội tệ Lãi suất...
... tiêu dùng nội tệ cập nhật theo thực tế (ngoại trừ Trung Quốc) Lãi suất sử dụng lãi suất ngắn hạn www.themegallery.com LOGO Kết thực nghiệm ERPT biết làm suy giảm dọc theo chuỗi giá cả, nghĩa ... hồi εt : vector trình nhiễu trắng www.themegallery.com LOGO Phương pháp nghiên cứu Có biến tác động đến mô hình: Giá dầu Đầu Tỷ giá Giá Giá nhập Lãi suất www.themegallery.com LOGO Mô tả liệu Châu ... Quốc, Singapore, Cộng hòa Séc, Đài Loan, Hungary, Ba Lan Hồng Kông Argentina, Chile Mexico www.themegallery.com LOGO Mô tả liệu Các yếu tố biến: Giá dầu định giá USD Biến đầu GDP (một số trường...
... Long-term pass- through and structural change Prior to the introduction of the OCR in 1999, all long-term degree of pass- through from the market cash rate to retail rates was incomplete After the ... Short-term pass- through and adjustment speed Significant change in the adjustment speed after the OCR only for the base rate and the time deposit rate For most retail rates, the estimated size of the ... introduction of the OCR, the degree of passthrough for the floating rate, base lending rate and 6month deposit rate increased, but that for the fixed 1-5 year mortgage rates either did not change...
... DANH MỤC CÁC TỪ VIẾT TẮT ERPT: Exchange Rate Pass- through (Truyền dẫn tỷ giá) CPI: Consumer Price Index (Chỉ số giá tiêu dùng) ERPT: Exchange Rate Pass- Through (Truyền dẫn tỷ giá hối đoái) GDP: ... đồng ngoại tệ P* giá hàng hóa nhập theo đồng ngoại tệ E*P*là giá hàng hóa nhập theo đồng nội tệ Nếu P* cố định E tăng (đồng nội tệ sụt giá) giá hàng hóa nhập theo nội tệ tăng tương ứng Kết gọi ... nhỏ Giả thiết Taylor mối quan hệ lạm phát ERPT kiểm định viết “Exchange Rate Pass- Through To Domestic Prices: Does The Inflationary Environment Matter?” Ehsan U Choudhri Dalia S Hakura vào năm...