using the term structure to forecast interest rates

Tài liệu Banks’ exposure to interest rate risk, their earnings from term transformation, and the dynamics of the term structure pptx

... systematic factor of the exposure to interest rate risk and the shape of the term structure? (ii) What factors determine (at bank level) the exposure to interest rate risk? (iii) How proﬁtable is term ... exposure to interest rate risk to derive the following statements about their exposure to this risk and their earnings from term transformation The systematic factor for the exposure to interest ... case especially the shape of the (past and current) term structure of interest rates We call this variable the change in the systematic factor of the exposure to interest rate risk The variables...

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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

Danh mục: Ngân hàng - Tín dụng

... that the endogeneity of the long -term market interest rate does not affect the results The coefficient of the short -term interest rate reported in the tables is similar to the one obtained when the ... only to changes in short -term interest rates but also to long -term interest rates This result, which is arguably intuitive for long -term retail bank rates, is also confirmed for bank interest rates ... short -term market interest rates movements are not necessarily fully transmitted to market interest rates with longer maturity, the pass-through of official interest rates to retail bank interest rates...

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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

Danh mục: Ngân hàng - Tín dụng

... that the endogeneity of the long -term market interest rate does not affect the results The coefficient of the short -term interest rate reported in the tables is similar to the one obtained when the ... only to changes in short -term interest rates but also to long -term interest rates This result, which is arguably intuitive for long -term retail bank rates, is also confirmed for bank interest rates ... short -term market interest rates movements are not necessarily fully transmitted to market interest rates with longer maturity, the pass-through of official interest rates to retail bank interest rates...

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UNDERSTANDING THE TERM STRUCTURE OF INTEREST RATES

Danh mục: Chuyên ngành kinh tế

... thu nhập có kỳ hạn to n khác KHÁI NIỆM: Theo Mishkin Eakins, lý thuyết tốt cấu trúc kỳ hạn lãi suất phải giải thích vấn đề sau: •Lãi suất trái phiếu kỳ hạn khác dịch chuyển theo thời gian •Khi ... cầu TP với kì hạn khác Thuyết phân khúc thị trường Tranh luận : Các TP với kì hạn khác thay hoàn to n cho nhà đầu tư có sở thích cá nhân với kì hạn mục đích khác  nhu cầu loại trái phiếu khác ... từ đầu năm 2004  Thứ hai, dư thừa dự trữ tạo nên áp lực giảm lãi suất tất kỳ hạn từ năm 2001, the đường cong lãi suất bất thường ám việc lãi suất dài hạn giảm lãi suất ngắn hạn tăng 2.THỰC...

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Tài liệu Using the Get* Methods to Read Column Values doc

Danh mục: Kỹ thuật lập trình

... C# type You use this table to figure out which method to call to get a specific column type For example, if you need to get the value of a bigint column, you call the GetInt64() method that returns ... between and 216 - (65,535) Note The standard C# types are defined in the System namespace Table 9.4 shows the SQL Server types, the compatible standard C# types, and the DataReader Get* methods that ... Note You can see the SQL Server types and the values supported by those types in Table 2.3 of Chapter 2, "Introduction to Databases." Note The Get* methods are defined in all of the DataReader...

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Tài liệu Using the Shape Language to Retrieve Hierarchical Data doc

Danh mục: Kỹ thuật lập trình

... field in the data reader with a data type of Object that is a DataReader Hierarchical result sets combine the results for multiple queries into a single structure They are generated using the Data ... This provider supports the Shape language allowing the result set hierarchies to be constructed Shaping is an alternative to JOIN and GROUP BY syntax that you can use to access parent/child data ... resultTextBox.Text = result.ToString( ); Discussion You can retrieve hierarchical result sets or chapters (OLE DB type DBTYPE_HCHAPTER) from SQL Server using the OLE DB NET data provider The chapter is returned...

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Tài liệu Using the Key Class to Add Interactivity docx

Danh mục: Kỹ thuật lập trình

... moved to its current x position plus the value of speed if the Right Arrow key is pressed (moving the instance to the right) However, if the Right Arrow key is not pressed, that part of the script ... ignored and the next part is evaluated—if the Left Arrow key is pressed, the movie clip instance is moved to its current x position minus the value of speed (moving the instance to the left) 4 ... added in the preceding step However, here the if statement reacts to the Up and Down Arrow keys rather than the Right and Left Arrow keys The first part of this statement says that if the Up Arrow...

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Measuring the long-term perception of monetary policy and the term structure docx

Danh mục: Ngân hàng - Tín dụng

... definition of the nominal interest rate endpoint .13 3.4 The transmission to the term structure 14 3.5 The forecast of the German long -term interest rates .15 Two approaches to link the shifting ... of the in‡ ation level, a common fact in the literature on this subject 3.4 The transmission to the term structure The transmission to the term structure of interest rates is obtained by the ... interest rates in the euro area The selection of the short -term interest rates then follows our choice for long -term interest rates and the expectations theory Until 1998, the German bond rates evolved...

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WORKING PAPER SERIES NO 748 / MAY 2007: FINANCIAL DOLLARIZATION THE ROLE OF BANKS AND INTEREST RATES docx

Danh mục: Ngân hàng - Tín dụng

... The household promises to pay an interest rate for the loans (l), thus the aggregator wants to pay as little as possible for the individual loans made in each bank i The aggregator promises to ... their model FD is determined not only by the interest rate set by the banks but mostly by the assumption that investors have diﬀerent collateral capabilities Therefore, despite its novelty, the ... periods (Y )3 , hence the relationship between the interest rate charged by banks and their implicit interest rate (1/βj ) determines whether the household j = H, L decides to take a loan or make...

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The Duration of Bank Retail Interest Rates BY Ben R. Craig and Valeriya Dinger ppt

Danh mục: Ngân hàng - Tín dụng

... credit, auto loans, etc.) Note that rates for these products are offered to customers with the best credit rating and with no other relation to the bank Rates on products offered to existing customers ... the first six months of a spell) increases with time The most important determinants of the duration of retail interest rates are the cumulated change in the money market interest rates and the ... the least flexible policy of setting interest rates) 24 The number of markets where a firm operates increases deposit rates duration Adding another market “slows” the time to the change in the...

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The Zero Bound on Nominal Interest Rates: Implications for Monetary Policy potx

Danh mục: Ngân hàng - Tín dụng

... remain the same, or decline in response to the change The link between short- and long-maturity interest rates is provided by what is commonly referred to as the expectations theory of the term structure ... short -term interest rates in an effort to achieve their target(s) in response to unexpected economic developments or shocks Therefore, the degree of variation in short -term nominal interest rates ... (relative to the target) and the current level of output relative to potential output, can be modified to permit a role for the lagged interest rate, thereby introducing additional inertia Using the Terms-of-Trade...

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oil shocks and the zero bound on nominal interest rates pot

Danh mục: Cơ khí - Chế tạo máy

...

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báo cáo khoa học: " Stable relocation of the radial head without annular ligament reconstruction using the Ilizarov technique to treat neglected Monteggia fracture: two case reports" doc

Danh mục: Báo cáo khoa học

... low-energy corticotomy of the ulna was performed at the proposed site (Figure 5) We did not make any attempt to hyperangulate the ostotomy intraoperatively Distraction was started on the seventh day ... discrepancy in the radioulnar length, the radius having overgrown as a result of lack of support between the capitellum and the radial head The optimum treatment in these patients is lengthening of the ... osteotomy in addition to angulation The excellent results of a lengthening osteotomy are best reflected in the cases presented by Exner, who used distraction lengthening over a uniplanar lengthening...

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báo cáo khoa học: " Improving eye care for veterans with diabetes: An example of using the QUERI steps to move from evidence to implementation: QUERI Series" ppsx

Danh mục: Báo cáo khoa học

... subset to determine the status of those in the high-risk group, such as whether a visit was made within the recommended timeframe The plan was for the eye clinic to use this information to initiate ... care project was to shift the coordination of diabetes eye care from primary care to the eye clinic, and to provide the eye clinic staff with automated tools that would facilitate the scheduling ... also is easier to get people to change the general procedures for every case than it is to get them to use a new system for patients with diabetes, while using the old system for other cases In...

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Thuyết trình The Term Structure as a Predictor of Real Economic Activity

Danh mục: Tài chính doanh nghiệp

... the presence of price rigidities, real short -term interest rates leaving long -term interest rates relatively intact, thus causing the slope of the yield curve to flatten  At the same time, the ... the term structure www.themegallery.com Company Logo DATA AND METHODS Recent factor analysis of the term structure by Litterman and Scheinkman (1988) show that the information in the term structure ... USEFULNESS OF THE TERM STRUCTURE EVALUATING THE INFORMATION CONCLUSIONS USEFULNESS OF THE TERM STRUCTURE  4.1 The usefulness of the slope of yield curve:  Does the yield curve reflect the effects...

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Using the phrase used to

Danh mục: Ngữ pháp tiếng Anh

... 7 She used to spend a lot of money on cosmetics, but now she doesn’t I used to visit my grandparents often Be first to know when grammar rules change! Sign up to our newsletter here:...

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AN1000 using the MSSP module to interface SPI™ serial EEPROMs with PIC18 devices

Danh mục: Cao đẳng - Đại học

... register has been set The device is now ready to a write to either the STATUS register or the array Figure shows an example of the Read Status Register command to check for the WEL bit The WEL bit must ... engaged in theft of intellectual property • Microchip is willing to work with the customer who is concerned about the integrity of their code • Neither Microchip nor any other semiconductor manufacturer ... needs to be set for Idle state of the clock to be a high level The SSP Enable bit (SSPEN) must be set in order to enable the serial port The mode is set using the SSPM3:SSPM0 bits, ‘0001’ for...

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AN1004 using the c18 compiler to interface microwire serial EEPROMs to PIC18 devices

Danh mục: Cao đẳng - Đại học

... example of the Write command The device is selected and the Start bit, opcode and the word address are sent out Next, the data is clocked out to the device When the Chip Select is toggled, the internal ... is given, the DO line of the 93XXXX can be monitored to check if the internal write cycle has been successfully initiated and, if so, to determine when the write cycle is complete The oscilloscope ... engaged in theft of intellectual property • Microchip is willing to work with the customer who is concerned about the integrity of their code • Neither Microchip nor any other semiconductor manufacturer...

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AN1018 using the c18 compiler to interface SPI serial EEPROMs with PIC18 devices

Danh mục: Cao đẳng - Đại học

... be generated It is possible to read the entire chip by continuing to clock the device Once the end of the array is reached, the data will wrap to the beginning of the array (address 0x000) and ... is willing to work with the customer who is concerned about the integrity of their code • Neither Microchip nor any other semiconductor manufacturer can guarantee the security of their code Code ... to either the STATUS register or the array Figure shows an example of the Read Status Register command to check for the WEL bit This bit must be set before a write is attempted to either the STATUS...

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AN1096 using the c30 compiler to interface SPI serial EEPROMs with dsPIC33F and PIC24F

Danh mục: Cao đẳng - Đại học

... be generated It is possible to read the entire chip by continuing to clock the device Once the end of the array is reached, the data will wrap to the beginning of the array (address 0x000) and ... to either the STATUS register or the array Figure shows an example of the Read Status Register command to check for the WEL bit This bit must be set before a write is attempted to either the STATUS ... engaged in theft of intellectual property • Microchip is willing to work with the customer who is concerned about the integrity of their code • Neither Microchip nor any other semiconductor manufacturer...

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