the interest rate charged on margin accounts is determined by

Tài liệu IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA pptx

Tài liệu IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA pptx

Ngày tải lên : 15/02/2014, 05:20
... either the bank rates or the market rates, suggesting non-stationary interest rates. While the IPS test indicates stationarity of the Boone indicator, the null hypothesis of non-stationarity ... the Boone indicator) on the long-run bank interest rate pass- through. 4.1. Estimation of the long-run relationship If bank interest rates and their corresponding market rates are cointegrated, ... 3 The Lerner index derives from the monopolist's profit maximisation condition as price minus marginal cost, divided by price. The monopolist maximises profits when the Lerner index is...
  • 41
  • 1K
  • 0
The Interest Rate Conditioning Assumption∗ potx

The Interest Rate Conditioning Assumption∗ potx

Ngày tải lên : 06/03/2014, 02:21
... current interest rate deci- sion, the only strong requirement is that the conditioning assump- tion for the future path of short-term policy rates is not too patently out of line with what the decision ... problem with this assumption, as also noted in Edey and Stone (2004). On the other hand, the assumption of constant forward policy- determined interest rates imposed a strong discipline on the MPC that ... decisions reasonably well (see especially Lildholdt and Wetherilt 2004 for the United Kingdom). So this concern may be Vol. 5 No. 2 The Interest Rate Conditioning Assumption 95 exercise. The...
  • 24
  • 340
  • 0
What Was the Interest Rate Then? A Data Study pot

What Was the Interest Rate Then? A Data Study pot

Ngày tải lên : 06/03/2014, 14:20
... daily. There were two call-loan rates, the rate on new loans (the “new rate ) and the rate on renewal of existing loans (the “renewal rate ). The renewal rate was by far the more important. As Macaulay ... complete description of the development of the interest- rate series in What Was the Interest Rate Then? The objective of the project was to generate interest- rate series for the United States ... What Was the Interest Rate Then? So the component series pertain to the renewal rate. 15 Table 1 Compilations of London Market Discount Rate on Bills of Exchange, 1800-1923 Author Description Period Frequency Observation Source Palgrave (1903,...
  • 109
  • 337
  • 0
Interest Rate Options - A discussion of how investors can help control interest rate exposure and make the most of the interest rate market pdf

Interest Rate Options - A discussion of how investors can help control interest rate exposure and make the most of the interest rate market pdf

Ngày tải lên : 06/03/2014, 14:20
... lower forward rate in the far month than in the nearby month. If the difference in forward rates is large enough to offset the time value associated with the longer expiration, then the premium on the longer ... options give investors the chance to invest based upon their views on the direction of interest rates. What are interest rate options? Interest Rate Options are options on the spot yield of U.S. ... -3.50 Maximum Risk: 1.50 The risk for this position is 1.50 x 100 or $150.00. The breakeven on this position is 71.50. The breakeven is calculated by sub- tracting the premium received, 3.50 from the short...
  • 46
  • 410
  • 0
Tài liệu Báo cáo khoa học: Phosphorylation of cyclin dependent kinase 4 on tyrosine 17 is mediated by Src family kinases pptx

Tài liệu Báo cáo khoa học: Phosphorylation of cyclin dependent kinase 4 on tyrosine 17 is mediated by Src family kinases pptx

Ngày tải lên : 18/02/2014, 18:20
... from the 60 kDa band was excised. The sample was analysed using Q-TRAP MS by the Protein Analysis Laboratory at the Cancer Research UK London Research Institute (London, UK). Immunoprecipitation Cells ... for the peptide synthesis, Clive Lebozer for production of the rabbit antiserum, and the Protein Analysis Laboratory at the Cancer Research UK London Research Institute for perform- ing the MS. ... fraction- ation; however, the potential existence of nuclear C-YES warrants further investigation. The study then demonstrated that C-YES phospho- rylates CDK4 on Y17 when expressed along with CDK4...
  • 11
  • 456
  • 0
Tài liệu Báo cáo Y học: Thermostability of manganese- and iron-superoxide dismutases from Escherichia coli is determined by the characteristic position of a glutamine residue pdf

Tài liệu Báo cáo Y học: Thermostability of manganese- and iron-superoxide dismutases from Escherichia coli is determined by the characteristic position of a glutamine residue pdf

Ngày tải lên : 21/02/2014, 01:21
... in the mononuclear SODs is not governed by one or even two residues, but is most likely accomplished by the concerted effects of a combination of key residues. Further analysis of these and other ... [3,4]. Second, specificity of the reaction is determined by the metal ion: the enzyme is active only with the ÔcorrectÕ metal. Although, in the complete absence of the ÔcorrectÕ metal, each type ... activity by the Nitro Blue tetrazolium reaction as described by Beauchamp and Fridovich [42]. Protein concentration Estimation of the concentration of purified protein or in the lysates was by the...
  • 12
  • 740
  • 0
Tài liệu Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? docx

Tài liệu Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? docx

Ngày tải lên : 17/02/2014, 03:20
... among economists on the impact of high government debt/GDP ratios on the level of long-term interest rates. 9 One dimension is that of the Ricardian versus non-Ricardian perspective on the private ... about pension provisions are to the long-term rate of interest. This paper argues great caution is needed in drawing policy implications based on the real long-term interest rate currently prevailing ... describes the long-term interest rate? This question was prompted by the observation of a strong, apparently secular, decline in the real long-term interest rate to a very low level. This decline...
  • 39
  • 514
  • 0
Limits on Interest Rate Rules in the ISModel potx

Limits on Interest Rate Rules in the ISModel potx

Ngày tải lên : 06/03/2014, 02:21
... circumscribe the interest rate rule so that the limiting sum in the solution for the inflation rate in (15) is finite as we look further and further ahead. 13 In the current context, this means that the monetary authority ... dependence of the interest rate on aggregate economic activity. Second, under this policy specification, the monetary equilibrium condition the LM schedule of the traditional IS- LM structure is unimportant ... demand) and the real interest rate, rather than a connection between the level of output and the real interest rate. (That is, the standard IS schedule will give the correct conclusions only if expected future...
  • 29
  • 404
  • 0
The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable? pptx

The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable? pptx

Ngày tải lên : 06/03/2014, 02:21
... November 2008 The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable? 0LFKDï%U]R]D%U]H]LQD Adam Kot NATIONAL BANK OF POLAND WORKING PAPER No. 52 Contents :25.,1*3$3(51R 3 Contents List ... knows: – )UDFWLRQŘe): IS equation, Philips curve Fraction e: projection (additional data for estimation) IS equation Philips curve policy rule 6LPXODWLRQVDQGUHVXOWV National Bank of Poland 14 4 4 6LPXODWLRQVDQGUHVXOWV 4.1 ... 52 Contents :25.,1*3$3(51R 3 Contents List of tables and figures 4 Abstract 5 1Introduction 6 2The Model 9 3Expectations 11 4Simulations and results 14 6LPXODWLRQV 4 5HVXOWV 4 5Conclusions 17 References...
  • 24
  • 281
  • 0
Emerging Market Liberalization and the Impact on Uncovered Interest Rate Parity potx

Emerging Market Liberalization and the Impact on Uncovered Interest Rate Parity potx

Ngày tải lên : 06/03/2014, 14:20
... and the component that is compensation for non-diversifiable risk. Further, we also show that the impact of liberalization on the systematic component of 30 an international setting the single-factor ... bill, the riskfree rate (RFREE), the return on the one-month Treasury bill, and the U.S. market portfolio (USMKT). Each instrument is lagged one period relative to the factor returns. Q(x) is the ... inter-bank rates when information on deposit rates is not available. These rates are obtained from the International Financial Statistics (IFS) of the International Monetary Fund (IMF). Testing whether...
  • 56
  • 769
  • 0
What is the neutral real interest rate, and how can we use it? doc

What is the neutral real interest rate, and how can we use it? doc

Ngày tải lên : 15/03/2014, 01:20
... inflation expectations are stable unless they are disturbed by a shock to the economy. Under these assumptions, even if the real interest rate is held only marginally above the NRR, inflation will ... 3 the nominal interest rate implied by the Taylor rule, and the behaviour of the nominal interest rate over history. If we plug in values for the nominal interest rate, inflation, the inflation ... or deflationary pressures requiring the central bank to lean in either direction. In other words, the NRR is the interest rate that is consistent with a situation in which inflation and inflation expectations...
  • 14
  • 539
  • 0

Xem thêm