... Journal of Central Banking September 2010
Table 1. Monetary Policy Committee Meetings, Interest Rate Decisions,
and Surprise Measures
The table contains interest rate decisions of the MPC for the ... similar
1
From the creation of the MPC until July 2006, policy decisions were framed
in terms of the repurchase, or repo, rate and after that date in terms...
... defining the impact of a bank merger on deposit rates, we concentrate on
two major issues, the evolution of the effect of a bank merger over time; and the
question of how many of a given bank s ... do with the ratio of the number of markets in which a bank operates in the years
before and after the merger. Again, we include the cross-product of...
... policy, and 2) if the
government disapproves of the monetary policy being
carried out by the Bank, it has the right and
responsibility to direct the bank as to the policy which
the Bank is ...
3
Origins of The Bank of Canada II
Copyright 2011
Pearson Canada Inc.
15 -
4
Formal Structure of the Bank of Canada I
•
Responsibility for the operati...
... the
simple. The statutes of the Lord are right, rejoicing the heart; the commandment of the Lord is pure,
enlightening the eyes. The fear of the Lord is clean, enduring forever; the judgments of the ... beginning of the world to the resurrection of Christ, God appointed the seventh day of the week to
be the weekly Sabbath; and the first day o...
... report the minimum and
maximum of the coefficients, their standard deviations (and an indication of their statistical
significance), and the p-value for the difference in the means of the betas ... both the size and fluctuation of the
market and size coefficients (except for the spike around the first half of 1994). In contrast, for
the value beta t...
... 1997,
and Corvoisier and Gropp, 2001). The main lesson of these banking structure studies is that the pricing
behaviour of banks may depend on the degree of competition and contestability in the ... Stage Three of EMU on bank pricing. First, the
importance of the long-term market rate in the equilibrium price of retail bank products has often been
redu...
... withstand populist pressures. The
experiences over the last 20 years of the independent Bank of Israel, Central Bank of Brazil,
National Bank of Poland, and Reserve Bank of New Zealand, among others, ... sometimes paid to the official
mandate of central banks – do they follow the example of the Deutsche Bundesbank, and have a
solely price stability ma...
... two strands of the literature of the banks’ interest rate risk (See
Staikouras (2003) and Staikouras (2006) for a survey). The first one is about the deter-
minants of the banks’ 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 th...
... liberty (in the form
of the “right of contract”) as a free-standing natural right, antecedent
to the Constitution and independent of it.
54
Yet he invoked the Due Pro-
cess Clause of the Fourteenth ... Government. Soon there-
after, they contrived to read the Due Process Clause of the Fourteenth
Amendment to justify applying the same doctrine to censorship at t...