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short-term lending and repayments, or facilitators of bank runs (in which depositors do not merely switch banks, or switch …. The monopoly state banks intermediate the large volume of savings not only inefficiently but also inadequately. The latter … establishing an efficient financial intermediation mechanism. Frequent bank recapitalization is the biggest threat to China …
Persistent link: https://www.econbiz.de/10005062405
Financial conglomerates, combining banking, securities trading, and insurance, have become an important part of the financial landscape in many countries. Cross-sector consolidation has been fostered by trends such as disintermediation, globalization, and deregulation creating new challenges for...
Persistent link: https://www.econbiz.de/10005413195
. It is obvious that even Czech financial institutions and banks as a part of the non-EU state, along with the banks in the …
Persistent link: https://www.econbiz.de/10005062712
The aim of this paper is to provide evidence about the existence or non- existence of structural breaks in exchange rates of European transition economies. We used the testing procedure of Vogelsang (1997) that allows for detecting a break at an unknown date in the trend function of a dynamic...
Persistent link: https://www.econbiz.de/10005556048
L’objet de ce papier est de tenter de se prononcer sur la «part de responsabilité» de la variabilité du taux de change du DH dans la régression des exportations marocaines du secteur des industries de Textile-Habillement et Cuir.
Persistent link: https://www.econbiz.de/10005556408
In this paper, we examine the monetary model of the Malawi Kwacha – U S dollar exchange rate during the current floating exchange rate system by applying several recent developments in the econometrics of unit roots and cointegration. Several interesting and important results are found. A...
Persistent link: https://www.econbiz.de/10005561097
of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to … skilful time- critical steering, or even that the central bank does in fact lead or determine the short term interest rates … followed by the central bank, is perhaps not mathematically provable, but seems generally to be in accordance with the observed …
Persistent link: https://www.econbiz.de/10005561324
This paper examines the mutually reinforcing interactions between exchange rate dynamics and technical trading strategies. I first show that technical trading systems have been quite profitable during the floating rate period. This profitability stems from the successful exploitation of...
Persistent link: https://www.econbiz.de/10005561584
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM …
Persistent link: https://www.econbiz.de/10005124933
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM …
Persistent link: https://www.econbiz.de/10005124941