Monetary regimes

This study examines the impact of subjective and objective factors affecting the implementation of financial statements under the new regulations of public service and administration units in Vietnam.

16p vimarillynhewson 02-01-2024 7 2   Download

Ebook "Playing monopoly with the devil: Dollarization and domestic currencies in developing countries" opens with an entertaining story of the Devil, who, through a series of common macroeconomic maneuvers, coaches the president of a mythical country into financial ruin. This ruler’s path is not unlike that taken in several real developing countries, to their detriment.

296p loivantrinh 29-10-2023 4 3   Download

Ebook "Unholy trinity: The IMF, World Bank and WTO" was to produce a critical study of three powerful global institutions – the International Monetary Fund, the World Bank and the World Trade Organization – set in the historical context of a study of the Bretton Woods agreement, and in the ideological context of a critical survey of the principles of neoliberalism.

298p dangsovu 20-10-2023 16 6   Download

The failure of inflation targeting regimes in several emerging economies has received renewed interest among academics and policymakers alike. This ineffectiveness can be attributed to worsening fiscal positions in the aftermath of the Global Financial Crisis, which sheds light on the importance of coordinating fiscal policy and monetary policy to achieve price stability. This thesis, therefore, aims to investigate the effects of fiscal policy on the different transmission channels of monetary policy, which ultimately results in high inflation.

191p runthenight04 02-02-2023 4 2   Download

Chapter 11 - The international monetary system. The main goals of this chapter are to: Present a historical overview of the main forms of the international monetary system, explain how the international monetary (IMF) system functions and some major current issues related to the IMF, understand the case for a fixed rate regime and for a floating exchange rate regime,...

17p nanhankhuoctai1 29-05-2020 20 2   Download

In this paper, we attempt to estimate reaction functions of the Central Bank of the Republic of Turkey (CBRT) based on Taylor rule and Hybrid McCallum-Taylor rule. We apply Generalized Methods of Moments (GMM) and Limited Information Maximum Likelihood (LIML) methods for estimating monetary policy reaction functions, over the period when the CBRT has conducted inflation targeting by using nominal interest rate as a monetary policy tool in free floating exchange rate regime.

10p nguyenminhlong19 21-04-2020 15 0   Download

In this paper we deal with the recent (1995-2018) Federal Reserve operated monetary policies, which were two unprecedented and distinct monetary policy regimes. The inflation stabilization era (1995-2008) and the zero interest rate era (2008-2015). These different monetary policy regimes provided different outcomes for inflation, interest rates, financial markets, personal consumption, and real economic growth.

44p chauchaungayxua2 19-01-2020 25 1   Download

(bq) part 2 book "macroeconomics - a european perspective" has contents: technological progress and growth; financial markets and expectations; expectations, output and policy; expectations, output and policy; exchange rate regimes, high inflation; monetary and fiscal policy rules and constraints,... and other contents.

323p bautroibinhyen23 02-04-2017 65 3   Download

Chapter 3 "International Monetary Market" lecture Multinational financial management introduce to you the content: History of the international monetary system, eurocurrencies and their markets, different exchange rate regimes,...

14p grintokyro 11-01-2016 95 6   Download

The operational procedures of the Bank of Greece underwent major changes during the 1990s. These shifts in operational strategy made interest rates the main tool of monetary policy for the first time in Greece. This paper examines the effects of changes in the bank’s operational interest rates on market interest rates at eight maturities and for different operational regimes. A major feature of our study is the application of the event study methodology used in finance, which has not been employed in any previous study on this subject.

18p grintokyro 05-11-2015 69 2   Download

This book addresses several aspects of the law and economics of intellectual property rights (IPRs) that have been underanalyzed in the existing literature. It begins with a brief overview of patents, trade secrets, copyrights, and trade- marks, and the enforcement and licensing of IPRs, focusing on the remedies available for infringement (injunctions, various forms of damages, and dam- ages calculation issues); the standard of care (strict liability versus an intent- or negligence-based standard); and the rules for determining standing to sue and joinder of defendant for IPR violations.

316p lyly_5 23-03-2013 59 6   Download

More important is the scatter plot of data points, each representing a microfinance institution. Many points are above the threshold for profitability, and many are on the left of the graph, indicating low reliance on soft (subsidized) funds. This is the hope of commercial microfinance. But note too that an ample number of institutions are above the threshold and to the right, funded by social investors of various stripes. The solid circles represent institutions with for-profit status, while the empty circles are non-profits.

33p taisaovanchuavo 23-01-2013 53 5   Download

The other extreme is “monetary dominance”. Central banks raise interest rates to avoid the inflationary effects of excessive budget deficits. Real interest rates rise across the maturity spectrum and the prospect of higher-and-higher debt service costs then forces governments to reduce their primary deficits. This seems to fit the UK story in the late 1980s and early 1990s when tighter macroeconomic policies (monetary and fiscal) brought down inflation. But it took many years for this policy stance to earn credibility and reduce long-term interest rates (see panel C of Graph 3).

39p taisaovanchuavo 23-01-2013 66 4   Download

Given these diverse viewpoints, understandably, the assessment of individual events was also different among investment banks. One bank considered the struggle about the early warning to Germany and Portugal in February, and the Council’s decision not to issue such a warning was considered a lost opportunity to enforce the Stability and Growth Pact as the existing procedure of fiscal co-ordination among European countries. 7 Conversely another bank argued “no warning, no problem,” since the two countries confirmed their commitment to their fiscal target.

37p taisaovanchuavo 23-01-2013 70 5   Download

Moreover, the necessity of taking into account monetary policy in the rational expectations framework has been demonstrated in particular by the seminal work of Mankiw and Miron (1986) for the short end of the term structure. For the long part of the term structure, Fuhrer (1996), without specifying any process for the perception of regime shifts by agents, has shown that the expectations hypothesis can be accepted for the long part of the yield curve if we allow some small and discrete changes in the coe¢ cients of the reaction function for the Federal Reserve System.

0p taisaovanchuavo 23-01-2013 54 2   Download

The role of monetary analysis in the ECB’s monetary policy strategy is founded on the robust positive relationship between longer-term movements in broad money growth and inflation, whereby money growth leads inflationary developments. This relationship is found to hold true across countries and monetary policy regimes.

10p machuavo 19-01-2013 53 6   Download

For investments to provide local benefits, mechanisms need to be in place ensuring technical and economic viability, consistency with local land use plans and taxation regimes, and transfers of assets from nonviable projects. This should also include the scope for investment and associated land governance issues in countries’ broader development strategies that identify areas or crops where investment can provide the highest benefits based on agro-ecological endowments and existing land use intensity.

36p enterroi 02-02-2013 49 6   Download

Bulgaria’s difficult transition from plan to market was marked by persistent macroeconomic and financial instability leading to a major economic collapse in 1996-1997. In 1997 a currency board arrangement (CBA) was established as a “policy of last resort” with the aim to impose fiscal and financial discipline. The change in the monetary regime was accompanied by a comprehensive package of policy reforms affecting not only the macroeconomic but also the institutional environment and the functioning of the financial system.

36p enterroi 01-02-2013 52 3   Download

News on costs and prices has been mixed. Oil prices fell in May and, like me, you may have noticed the price of petrol at the pumps declining slightly; however, there is the risk that the combination of continuing supply tightness combined with buoyant international demand will lead to renewed upward pressure. In any case families will have to face increased domestic gas and electricity prices, following the rise in oil prices earlier in the year.

24p taisaocothedung 09-01-2013 63 3   Download

The interest-on-reserves regime has four attractive features. First, the regime would make full use of two monetary policy instruments—open market operations and interest on reserves—to enable a central bank to simultaneously pursue interest rate policy and an independent objective for aggregate bank reserves. That would potentially improve on the Fed’s current operating procedures that obligate bank reserves to support interest rate policy.

29p taisaocothedung 09-01-2013 55 3   Download