Monetary heterogeneity

Ebook "Artificial markets modeling: Methods and applications" is devoted to recent contributions to the field from both the social sciences and computer sciences. It presents applications of agent-based computational methodologies and tools in the social sciences, focusing strongly on the uses, requirements and constraints of agent-based models employed by social scientists.

277p loivantrinh 29-10-2023 4 2   Download

Ebook "The making of national money: Territorial currencies in historical perspective" offers a fascinating and unique perspective on this question in his accessible history of the origins of national money. Our contemporary understandings of national currency are, Helleiner shows, surprisingly recent. Based on standardized technologies of production and extraction, territorially exclusive national currencies emerged for the first time only during the nineteenth century.

294p loivantrinh 29-10-2023 7 3   Download

The manipulation of credit in the conduct of monetary policy is receiving increasing attention in regards to the impact it exerts on asset prices and accompanied volatility. Several authors have claimed that relaxed monetary conditions can induce asset bubbles thereby distorting investment decisions on the part of economic actors, be they corporate managers or, investors. This paper explores the impact of the cost of credit on stock return dynamics in the United Kingdom.

12p cothumenhmong4 24-03-2020 30 2   Download

Using the financial data of A-share listed companies in 2003-2018, this paper studies the maturity mismatch of investment and financing in China based on the sensitivity of investment to change of short-term loans. This study finds that corporate investment relies on short-term loans rather than long-term loans, so the maturity mismatch of investment and financing is widespread. In addition, we examine the mechanism of the heterogeneity between state-owned enterprises and private enterprises.

1p chauchaungayxua2 19-01-2020 11 2   Download

To preview the results, we nd that both capital inows and monetary policy shocks have a statistically signicant effect on real private credit, real residential investment and real house prices. Moreover, capital inows do not appear to be associated with inationary pressures or with substantial increases in output, suggesting that a central bank that follows a standard Taylor rule would see little reason to respond to these shocks.

41p taisaovanchuavo 23-01-2013 63 9   Download