the level of interest rates in the economy

The financial crisis and the pricing of interest rates in the Irish mortgage market: 2003-2011 ppt

The financial crisis and the pricing of interest rates in the Irish mortgage market: 2003-2011 ppt

Ngày tải lên : 15/03/2014, 14:20
... drivers of variable rates: banks’ interest margins and funding costs The net interest margins for Irish institutions have declined for the last two decades, as shown in the bottom of Figure The average ... Table summarises the data used in the modelling The price lenders have to pay for their funding is a key variable of interest in the analysis In the case of Ireland up to the end of 2008, lenders ... extent, some of these factors will be captured by the individual effects in our model One of the key findings from the analysis of variable rates up to the end of 2008 is that while these individual...
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Tài liệu Macro-Finance Models of Interest Rates and the Economy pdf

Tài liệu Macro-Finance Models of Interest Rates and the Economy pdf

Ngày tải lên : 17/02/2014, 03:20
... focus on the linkages between interest rates and the economy The first of these, described in the next section, adds macro, in the form of macroeconomic variables or theoretical structure, to the canonical ... necessary In this article, I survey an area of macro-finance research that has examined the relationship between the term structure of interest rates and the economy in an interdisciplinary fashion The ... they offer little insight into the economic nature of the underlying latent factors or forces that drive changes in interest rates To provide insight into the fundamental drivers of the yield curve,...
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WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx

WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx

Ngày tải lên : 15/03/2014, 14:20
... factor explaining the sluggishness of retail bank interest rates We also show that in some markets, the adjustment of retail rates seems to have changed since the introduction of the euro In those ... Simulations indicate for instance that following a level shift in the yield curve, the response of retail bank rates has been muted since the launch of the euro Hence the increase in the pass-through ... interest rate the role of this dependence in the sluggishness in their response to changes in the money market interest rate For retail rates, including a large proportion of bank interest rates with...
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WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES pptx

WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES pptx

Ngày tải lên : 22/03/2014, 23:20
... factor explaining the sluggishness of retail bank interest rates We also show that in some markets, the adjustment of retail rates seems to have changed since the introduction of the euro In those ... Simulations indicate for instance that following a level shift in the yield curve, the response of retail bank rates has been muted since the launch of the euro Hence the increase in the pass-through ... interest rate the role of this dependence in the sluggishness in their response to changes in the money market interest rate For retail rates, including a large proportion of bank interest rates with...
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the behaviour of interest rates

the behaviour of interest rates

Ngày tải lên : 05/01/2014, 16:56
... rise in interest rates in response to the rise in the price level • The expected-inflation effect of an increase in the money supply is a rise in interest rates in response to the rise in the ... Supply and Interest Rates I • Income effect of an increase in the money supply is a rise in the interest rate in response to a higher level of income • Price -Level effect of an increase in the money ... Risk - an increase in the riskiness of bonds causes the demand curve to shift to the left • Liquidity - increased liquidity of bonds results in the demand curve shifting right Shifts in the Demand...
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the risk and term structure of interest rates

the risk and term structure of interest rates

Ngày tải lên : 05/01/2014, 16:56
... Structure of Interest Rates • The risk structure of interest rates looks at bonds with the same term to maturity and different interest rates • The term structure of interest rates looks at the relationship ... Structure of Interest Rates – Fact Expectations Theory • The interest rate on a long-term bond will equal an average of the short-term interest rates that people expect to occur over the life of the ... expected to occur over the n-period life of the bond Expectations Theory • Explains why the term structure of interest rates changes at different times • Explains why interest rates on bonds with...
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Tài liệu The importance of interest rates for forecasting the exchange rate doc

Tài liệu The importance of interest rates for forecasting the exchange rate doc

Ngày tải lên : 15/02/2014, 05:20
... through the movements in interest rates, since they reflect expectations of future purchasing power Hence, massive movements in capital flows in response to interest rate differentials can keep the ... function of both the price level differential and the interest rate differential, where the speed of adjustment to the interest rate differential is given by υ Another way to interpret (5) is that the ... to multiply the quarterly interest rate is therefore a bit higher than (and depending on the interest rate), and the corresponding coefficient for the interest difference measured in annual terms...
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Basics of Interest Rates, The Richard D.C. Trainer pptx

Basics of Interest Rates, The Richard D.C. Trainer pptx

Ngày tải lên : 15/03/2014, 10:20
... for achieving the "right" level of interest rates for our economy, if such a level actually exists Instead, the booklet describes, at an elementary level, the meaning of interest rates; the demand ... AND UNCERTAINTY Both borrowing and lending typically involve a degree of risk and uncertainty which are reflected in the level of interest rates as well as in the tempo of activity in financial ... supply, interest rates will tend to rise Changes in the quantity of funds and the rise and fall of interest rates, in turn, affect the condition of the economy -the Gross National Product, the employment...
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DO EUROPEAN CENTRAL BANK’S STATEMENTS STEER INTEREST RATES IN THE EURO ZONE?* potx

DO EUROPEAN CENTRAL BANK’S STATEMENTS STEER INTEREST RATES IN THE EURO ZONE?* potx

Ngày tải lên : 29/03/2014, 01:20
... moves in interest rates between the day before a meeting of the ECB’s Governing Council and the day of the meeting supposes predicting not only changes in intervention rates but also the tone of the ... contained in interest rates around the date of the statement PCA consists in projecting the n daily changes in the interest rates we consider (Euro zone short- and long-term interest rates) on the ... the decision about the policy rate, but rather by the content of the statement of the central bank Indeed, in the Euro zone, as underlined in the introduction of this paper, market interest rates...
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Báo cáo y học: "RANKL increases the level of Mcl-1 in osteoclasts and reduces bisphosphonate-induced osteoclast apoptosis in vitro" pps

Báo cáo y học: "RANKL increases the level of Mcl-1 in osteoclasts and reduces bisphosphonate-induced osteoclast apoptosis in vitro" pps

Ngày tải lên : 09/08/2014, 14:20
... regulate the mitochondrial pathway of apoptosis [32,33] RANKL did not alter the level of Bcl-2 in rabbit osteoclasts but caused a marked increase in the level of Mcl-1, an anti-apoptotic member of the ... unprenylated form of the small GTPase Rap1A, thereby demonstrating that ALN inhibits protein prenylation in osteoclasts [2,22] Incubation of osteoclasts with 100 M ALN in the presence of 100 ng/mL ... effect on the level of Bcl-2 protein (Figure 3d) However, RANKL alone consistently caused a threefold increase in the level of Mcl-1 protein in osteoclasts Treatment with ALN caused a decrease of approximately...
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báo cáo khoa học: "A comparison of the level of enzyme polymorphism in cosmopolitan Drosophila species between populations collected in distilleries and in their surroundings in Hungary" ppt

báo cáo khoa học: "A comparison of the level of enzyme polymorphism in cosmopolitan Drosophila species between populations collected in distilleries and in their surroundings in Hungary" ppt

Ngày tải lên : 09/08/2014, 22:22
... Adh locus in populations from the types of micro-habitats It would also be interesting, however, to study the difference in the genetic diversity of the kinds of populations In the case of laboratory ... exception In the case of D hydei populations, Table V shows the most basic data for compariThe examined parameters show the level of polymorphism to be higher in village populations for of the investigated ... populations originating from distilleries and 0.265 for those collected in villages On the basis of the results of a x test we concluded that all the populations at all the investigated loci were in Hardy-Weinberg...
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Tài liệu SURVEY ON HOW COMMERCIAL BANKS DETERMINE LENDING INTEREST RATES IN ZAMBIA docx

Tài liệu SURVEY ON HOW COMMERCIAL BANKS DETERMINE LENDING INTEREST RATES IN ZAMBIA docx

Ngày tải lên : 15/02/2014, 05:20
... However, in 2008 the lending rates increased despite an improvement in efficiency In 2009, there was an increase in efficiency, and to cover the increasing expenses the lending rates also increased ... along the yield curve The interbank market is therefore expected to play a crucial role in the implementation of the interest rate targeting framework 1.3 Investigating why the lending rates ... decisions regarding their base lending rates The specific objectives were twofold: (a) Assess to what extent the interbank market influenced the cost of funds in the interest rate determination process;...
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Introducing Multiple Interest Rates in ToTEM pot

Introducing Multiple Interest Rates in ToTEM pot

Ngày tải lên : 29/03/2014, 01:20
... for the banking system.10 This proposal aimed to reinforce the stability of the banking sector, thereby reducing the probability of a banking crisis in the future.11 However, the benefits of a ... basis-point change in the level of core consumer prices 15 The availability of alternative sources of financing for non-financial corporations may weaken the impact of changes in the banking sector ... According to the linear regression models, an increase of 25 per cent in the liquid asset ratio results in an increase of 15 basis points in spreads in the long run The magnitude is roughly speaking...
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Báo cáo y học: " Monitoring human cytomegalovirus infection with nested PCR: comparison of positive rates in plasma and leukocytes and with quantitative PCR" doc

Báo cáo y học: " Monitoring human cytomegalovirus infection with nested PCR: comparison of positive rates in plasma and leukocytes and with quantitative PCR" doc

Ngày tải lên : 12/08/2014, 04:20
... (2) the AI of the initial specimen was < 30%, then it increased to > 30% in subsequent samples According to the results of nested PCR with either plasma or PBL, the 61 subjects were divided into ... However, in the present study, we evaluated all the patients as a whole instead of dividing them into subgroups according to their primary diseases, because we aimed to define a routine test ... almost twice of that in qRT-PCR, is the main explanation for the higher sensitivity The detection capacity of the qRT-PCR in this investigation appears to be inferior to that of some recorded qRT-PCR...
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Interest Rates in Financial Analysis and Valuation

Interest Rates in Financial Analysis and Valuation

Ngày tải lên : 05/11/2014, 19:00
... borrowed : 10,080 In this case, the monthly instalment is $420 in which a certain portion is paid to the interest and the remaining portion is paid to the principle he interest factor and interest earned ... go) the interest factor is multiplied with the initial interest sum, i.e $1,080 Interest earned = 1080 × 0.08 = 86.40 Hence, out of the instalment of $420.00,a sum of $86.40 is paid to the interest ... Stream of Cash Flows 15 2.2 Uneven Stream of Cash Flows 26 he rates of return 29 3.1 he Term Structure of Interest Rates and heories 29 3.2 Forecasting Interest Rates 39 3.3 Interest Rates in Derivative...
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Path integral modelling of interest rates, options and commodities

Path integral modelling of interest rates, options and commodities

Ngày tải lên : 09/09/2015, 08:17
... using the interest yield curve The continuous compounding and discounting is used for studying the interest rates through all Chapters, and the forward rates is discussed in the way of continuous ... Chapter Introduction of Interest rate Derivatives § 1.1 Concepts in Interest rate and Rational pricing § 1.1.1 Interest rate and Libor Interest rates are used to define the amount of money paid by the ... for borrowing money from the lender Interest rates are the key tool in the valuation of all financial derivatives There are three different ways to define interest rates Simple interest rates: Propose...
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Tài liệu Temi di discussione: Are there asymmetries in the response of bank interest rates to monetary shocks? pdf

Tài liệu Temi di discussione: Are there asymmetries in the response of bank interest rates to monetary shocks? pdf

Ngày tải lên : 17/02/2014, 03:20
... interest rates in Italy in the period 1985-2002 The main results of the paper are: 1) the speed of adjustment of bank interest rates to monetary policy changes increased significantly after the introduction ... rigidity diminished after the introduction of the 1993 Banking Law Second, there has been a considerable fall in average rates since the end of 1992 The main reason for the fall in bank rates is ... policy indicator is that on repurchase agreements between the Bank of Italy and credit institutions in the period 1985:01-1998:12, and the interest rates on main refinancing operations of the ECB in...
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Dual-track interest rates and the conduct of monetary policy in China potx

Dual-track interest rates and the conduct of monetary policy in China potx

Ngày tải lên : 29/03/2014, 13:20
... maintain the aggregate profitability of the banking system Whether the lending-rate floor is binding is a more controversial issue The data on actual lending rates since 2004 (when the ceiling ... economy In contrast to the heavily regulated interest rates in the banking system, the other side of the dual-track system is market-determined wholesale interest rates in the interbank money and ... binding and the lending-rate floor is not binding (no credit quota),raising the deposit-rate ceiling increases the market interest rate in the wholesale capital market, and changing the lending-rate...
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Temi di discussione: An empirical analysis of national differences in the retail bank interest rates of the euro area doc

Temi di discussione: An empirical analysis of national differences in the retail bank interest rates of the euro area doc

Ngày tải lên : 29/03/2014, 13:20
... determinants The matrices Xi,t and Zi, t include the same covariates in the regressions of the categories of deposit interest rates; in the regressions of the categories of lending interest rates ... for the national factors influencing the level of interest rates The final section summarizes our findings The data and a descriptive analysis of the cross-country dispersion of bank interest rates ... banks 36 The matrices Xi,t and Zi, t include the same covariates in the regressions of the categories of deposit interest rates; in the regressions of the categories of lending interest rates to...
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Business Cycles in the Eastern Caribbean Economies The Role of Fiscal Policy and Interest Rates

Business Cycles in the Eastern Caribbean Economies The Role of Fiscal Policy and Interest Rates

Ngày tải lên : 23/04/2016, 04:50
... cyclicality of interest rates and government spending We are interested in looking at the behavior of two key variables over the business cycle – the volatility and cyclicality of real interest rates ... important role in buffering the effects of interest rate shocks on the economy Eliminating the working capital constraint, while keeping all shocks in place, would reduce the volatility of GDP, consumption, ... important role in buffering the effects of interest rate shocks on the economy Eliminating the working capital constraint, while keeping all shocks in place, reduces the volatility of GDP, consumption,...
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