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the regulations on administration of foreign banks and joint venture banks in special economic zones of 1985

Banking reforms in the transitional economy of china

Banking reforms in the transitional economy of china

Tổng hợp

... main players, namely, the central bank, PBC, the Bank of China and the People’s Construction Bank of China While the Bank of China took care of the international business and the People’s Construction ... trillion of non-performing loans from the state-owned commercial banks and helped them restructure Finally, the promulgation of the “Provisional Regulations on Prevention and Dissolution of Financial ... understanding of the other areas of analysis in the subsequent chapters of the thesis In all, the thesis meets its objectives of effectively scrutinizing the layers below the “ice-berg” of banking...
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VIETNAM’S EXCHANGE RATE POLICY AND IMPLICATIONS FOR ITS FOREIGN EXCHANGE MARKET, 1986-2009 doc

VIETNAM’S EXCHANGE RATE POLICY AND IMPLICATIONS FOR ITS FOREIGN EXCHANGE MARKET, 1986-2009 doc

Ngân hàng - Tín dụng

... control inflation or some other (economic or non -economic) reasons In any case, to support this preference, the SBV has relied on a number of administrative measures, including the daily setting ... suasion Given that pricing in this market was administered, through the setting of both the official exchange rate and the allowable trading band, frequent instances of nonclearance of the market ... the main implications of the conduct of exchange rate policy for the development and current state of the forex market Finally, Section provides a summary of the main points raised in the paper...
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Capital account liberalization and choice of exchange rate regimes the case of china

Capital account liberalization and choice of exchange rate regimes the case of china

Tổng hợp

... rate regime choices in the context of China, the largest developing country and the largest economy in transition One classical theory in international economics states that the more liberalized ... rate regimes The predictions for China are then analyzed One concern for full economic liberalization in developing countries is the problem of currency substitution It is one of the side-effects ... depreciation in the exchange rate is unnecessary, are the arbitrage conditions right for allowing free international capital mobility Otherwise, the premature elimination of exchange controls on foreign...
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Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices.doc

Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices.doc

Tài chính - Ngân hàng

... Asian - the Chinese yuan and the Hong Kong Dollar The rapid growth in India’s foreign trade with China and Hong Kong in the recent years has been the underlying factor for including these two ... cent in 1991-92 to 6.1 per cent in 2004-05 The increase in India’s trade with China has been more pronounced in the last four years The inclusion of China and Hong Kong SAR reflects an increasing ... of the new series, keeping in view the rapid change in the destinations of India’s foreign trade in contrast to the fixed weights used hitherto for constructing REER/NEER series Table gives the...
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Unit 9 exchange rate key

Unit 9 exchange rate key

Cao đẳng - Đại học

... assets In London alone, in the late 1990s, over $300 billion worth of currency was traded on an average day- the equivalent of about 30 %of the value of the goods Britain produces each year Banks, of ... on a single day in September 1992 the Bank of England lost five billion pounds in a hopeless attempt to support the pound sterling For weeks, all the world’s financial institutions and rich individuals ... and beginning in 1999 the new currency was used as a mean of payment between companies and in foreign trade, and bonds were denominated in it The euro came into existence as a real currency in...
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Tài liệu Exchange rate exposure doc

Tài liệu Exchange rate exposure doc

Ngân hàng - Tín dụng

... country in Fig allows for a comparison of the incidence of exposure across the specifications using the local market indices and the international index The international index is the World index ... consolidated sales in excess of $US billion and overseas sales in excess of $US 500 million in 1996 Our third source of multinational information comes from the Financial Times Multinational Index ... Multinational status is based on inclusion in (1) Worldwide Branch Locations of Multinationals (1994), (2) Directory of Multinationals (1998), or (3) the Financial Times Multinationals Index Industry-level...
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Tài liệu Doubler for Extending Reach of Two-Pair Fixed Rate HDSL docx

Tài liệu Doubler for Extending Reach of Two-Pair Fixed Rate HDSL docx

Phần cứng

... published here are current as of the date of publication of this document Because we are continuously improving our products, ADC reserves the right to change specifications without prior notice At ... protection (gas discharge tubes) as part of enclosure Compliance: ETSI TS101135 and ITU-T G.991.1 Power Power Consumption: 2.5W Power Input: 75VDC minimum, 120VDC maximum applied between Tip and Ring ... complete listing of ADC's global sales office locations, please refer to our web site ADC Telecommunications, Inc., P.O Box 1101, Minneapolis, Minnesota USA 55440-1101 Specifications published...
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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

Ngân hàng - Tín dụng

... Dividing the coefficient on the interest rate term on that in front of PPP, yields a coefficient of 7, which is close to the one reported in the cointegration analysis above In addition, contemporaneous ... prices and home and foreign interest rates, (see Appendix A for a further description of data and their sources) In addition, a constant and centred seasonal dummies are included in the estimation ... Estimating the long run relationship5 The variables used in the econometric analysis are: The log of the nominal exchange rate in Norway relative to its trading partners, log of home and foreign consumer...
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Do Central Banks Respond to Exchange Rate Movements? A Structural Investigation¤ potx

Do Central Banks Respond to Exchange Rate Movements? A Structural Investigation¤ potx

Ngân hàng - Tín dụng

... estimation Section contains our benchmark estimation results, while we test for the hypothesis of exchange rate targeting in Section Section contains robustness checks and further modifications of the ... Closed Economies” Bank of Canada Working Paper 2003-27 [15] Freedman, Charles (1995): The Role of Monetary Conditions and the Monetary Conditions Index in the Conduct of Policy” Bank of Canada ... appreciates the currency and lowers in ation and output An improvement in the terms of trade raises output and lowers in ation on impact via a nominal appreciation The decline in the exchange...
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THE ECONOMICS OF THE EXCHANGE RATE

THE ECONOMICS OF THE EXCHANGE RATE

Kinh tế - Quản lý

... giá mẫu (in- samples test), lại Trang The Economics of Exchange Rate – Mark P Taylor cho kết ý nghĩa thống kê đánh giá mẫu (out -of- samples test) so sánh với mô hình thay đổi ngẫu nhiên (random walk) ... gia Trang The Economics of Exchange Rate – Mark P Taylor thị trường họ kỳ vọng mức vào hội kinh doanh Taylor trình bày mở rộng phân tích thêm hai quy luật mà thị trường ngoại hối tuân theo lý thuyết ... The Economics of Exchange Rate – Mark P Taylor Bài nghiên cứu Taylor tổng hợp từ tất mà nhà kinh tế học nghiên cứu tỷ giá hai mươi năm qua Bài...
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Báo cáo khoa học: Modeling of ATP–ADP steady-state exchange rate mediated by the adenine nucleotide translocase in isolated mitochondria potx

Báo cáo khoa học: Modeling of ATP–ADP steady-state exchange rate mediated by the adenine nucleotide translocase in isolated mitochondria potx

Báo cáo khoa học

... mitochondria pretreated with cATR in the same concentration range as in (A) Inset: a representative experiment showing the effect of the addition of cATR (in the concentrations indicated in the inset ... inuences [46] Furthermore, one more prediction that we have derived on the basis of the model is the dependence of the intramitochondrial concentration of Pi on DpH As shown in Fig 4D, the concentration ... Here, To and Do are the concentrations of free ATP and ADP outside of mitochondria Values of dissociation constants are listed in Table The second is the binding dissociation of protons to from...
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The sensitivity of bank stock returns to market, interest and exchange rate risks docx

The sensitivity of bank stock returns to market, interest and exchange rate risks docx

Ngân hàng - Tín dụng

... tests concerning the role of the dummy variables in the determination of bank stock returns Test examines the overall influence of the dummy variables in the money-center equation and the October ... depending on the time period covered, the nature of the banking business (money center or regional bank), and whether the risk factors are defined in actual or unexpected terms The outline of the ... To gain an understanding of the foreign exposure of the US banking system, table presents data on the foreign currency positions of US banks in foreign currency units As table indicates, the net...
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WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

Ngân hàng - Tín dụng

... 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 in ation in the U.S economy Building on this ... panels in Figure indicate the upward bias in the standard deviation of output and in ation as a function of the equilibrium nominal interest rate For example, for an i∗ of 1% the standard deviation ... recession This decline in the real interest rate is substantially stronger than in the case of the other two proposals A key factor driving this increase in inflationary expectations is the central banks...
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Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S. Banks ppt

Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S. Banks ppt

Ngân hàng - Tín dụng

... THE WHARTON FINANCIAL INSTITUTIONS CENTER The Wharton Financial Institutions Center provides a multi-disciplinary research approach to the problems and opportunities facing the financial ... Risks of U.S Banks Introduction Large trading losses reported from derivative transactions by banks (and their corporate clients) has heightened public interest concerning the role of banking institutions ... from These studies investigate the effect of traditional off-balance sheet activities on bank risk and profits in general, and not focus on the effect of derivatives on systematic exchange rate and...
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The Exchange Rate Exposure of U.S. and Japanese Banking Institutions potx

The Exchange Rate Exposure of U.S. and Japanese Banking Institutions potx

Ngân hàng - Tín dụng

... unexplained the preponderance of the variability in the return Following Jorion and others, we include the market return in the estimating equations We also extend the estimating equation to include ... exchange rate can influence the value of firms in many industries, our focus on banks stems in part from the growing international interest in monitoring banks market risks, including foreign exchange ... The foreign currency translation reflects the conversion to dollars of the value of assets and liabilities of a foreign business unit 21 Examining the link between foreign loan charge-offs and foreign...
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Thuyết trình Exchange Rate pass-through and monetary policy in Croatia

Thuyết trình Exchange Rate pass-through and monetary policy in Croatia

Tài chính - Ngân hàng

... “Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies”  Bài báo nghiên cứu tác động tỷ giá lên giá nhập số giá sản xuất PPI số giá tiêu dùng CPI kinh ... “pricing to market” thay đổi tỷ giá có hiệu ứng truyền dẫn hoàn toàn đến giá nhập Tổng quan nghiên cứu trước  Gosh and Wolf, 2001, “Imperfect Exchange Rate PassThrough: Strategic Pricing and ... phân tích ERPT: tính dừng, điều chỉnh động, tính tương thích biến… nghiên cứu Wing Woo(1989), Peter Hooper Catherine Mann (1989)…  Nghiên cứu giá hàng hóa nhập nước nhập không phản ứng hoàn toàn...
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