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The effects of capital requirements on real economy: a cointegrated VAR approach for US commercial banks

Miele, Maria Grazia - Volkswirtschaftliche Fakultät, … - 2013

This paper addresses the following questions: which was the contribution of banks’assets to the US’ expansion in the period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly interrelated as, according to a recent literature,...

Persistent link: https://www.econbiz.de/10011258987

The Cost of Capital in Markets with Opaque Intermediaries and the Risk-Structure of Interest Rates

Mierzejewski, Fernando - 2009

The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...

Persistent link: https://www.econbiz.de/10013160192

Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

Hernandez-Verme, Paula; Wang, Wen-Yao - Volkswirtschaftliche Fakultät, … - 2009

nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex …

Persistent link: https://www.econbiz.de/10005037756

The world's dream: economic growth : the balance sheet approach

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

Economists may need to change their tools of analysis from analysing income and expenditure contributors (GDP) to asset value contributors -the net worth levels of individual households-. Assessment of the latter requires a balance sheet analysis. Why; because the level of individual...

Persistent link: https://www.econbiz.de/10011257702

Measuring Macroeconomic Uncertainty in Zimbabwe

Bonga, Wellington Garikai - 2019

What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...

Persistent link: https://www.econbiz.de/10012866688

Comparing two financial crises: the case of Hong Kong real estate markets

LEUNG, K. Y. Charles; TANG, C. H. Edward - Volkswirtschaftliche Fakultät, … - 2011

Hong Kong is no stranger to bubbles or crisis. During the Asian Financial Crisis(AFC), the Hong Kong housing price index drops more than 50% in less than a year. The same market then experiences the Internet Bubble, the SARS attack, and recently the Global Financial Crisis (GFC). This paper...

Persistent link: https://www.econbiz.de/10009149400

Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates

BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014

high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the … key interest rate on three occasions during the 7 months of 2014. The Central Bank has been coming in for criticism for … Bernanke, Head of the U.S. Fed during 2006 - 2014. The Central Bank of Russia now has an opportunity of employing a still more …

Persistent link: https://www.econbiz.de/10011109596

Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates

BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014

high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the … key interest rate on six occasions during the 12 months of 2014 from 5.5% to 17%. The Central Bank has been coming in for … devised by Ben Bernanke, Head of the U.S. Fed during 2006 - 2014. The Central Bank of Russia now has an opportunity of …

Persistent link: https://www.econbiz.de/10011110135

Reshaping the International Monetary Architecture and Addressing Global Imbalances: Lessons from the Keynes Plan

Piffaretti, Nadia F. - Volkswirtschaftliche Fakultät, … - 2008

As we witness profound changes in the global economy, and as it becomes apparent that the so-called “Revived Bretton Woods System” may be nothing more than a temporary non sustainable financing of the US structural internal imbalance, favored by the global role of the dollar, which has...

Persistent link: https://www.econbiz.de/10005617111

Monetary policy responses amid credit and asset booms and busts

Pavasuthipaisit, Robert - Volkswirtschaftliche Fakultät, … - 2007

wisdom is for the central bank to respond to asset prices and other financial indicators insofar as these factors affect the … commitment in a standard financial accelerator model and finds that in the optimal equilibrium, the central bank responds to a … causes net worth to be countercyclical, which is the key mechanism that allows the central bank to successfully stabilize the …

Persistent link: https://www.econbiz.de/10005835913