The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area pptx

... pass-through between interbank and retail bank interest rates in the Euro area during the financial crisis. Empirical results, based on monthly data for the period 2003(1)-2011(9), show that during ... confirms the order of integration of the series, excluding the possibility of fractional integration. The Relationship Between Bank and Interbank Interest Rates during the Financial ... amounts. On 8 October 2008, the ECB, the Federal Reserve, the Bank of England, the Bank of Canada, the Bank of Sweden and the Swiss National Bank, with the support of the Bank of Japan, have carried...

The imPact of high and groWing government debt on economic groWth an emPirical inveStigation for the euro area docx

... occurred over the period of the analysis, as well as for economic and monetary regime changes, such as the creation of the monetary union and the introduction of the euro. A list of the variables ... 5.2. in Appendix 3). While the results regarding the relationship between public debt/government balance and the long-term interest rates need further investigation, they are broadly in line ... both real and potential output. The fact that the change in the debt ratio and the budget deficits are linearly and negatively associated with growth (and with the long-term interest rates) may...

Financial liberalisation and the relationship between finance and growth

... unlike the IMF’s, is linked to the date of the liberalization. Eichengreen forthcoming reviews the data and methodological differences among most of these and other studies. (For discussions of the ... 7 The PWT 6.0 growth series for Syria contain some unlikely numbers, as does the trade series for India before 1970. The data for Syria and India before 1970 are excluded from the analyses. The ... Ireland, Italy, Jamaica, the Netherlands, Norway, Sweden, Switzerland, Trinidad, the United Kingdom, Australia, and New Zealand. The Polity 98 scores for France dropped from 10 to 5 in 1958 as the...

Tài liệu Measuring the Relationship between ICT and the Environment ppt

... Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European ... – MEASURING THE RELATIONSHIP BETWEEN ICT AND THE ENVIRONMENT ©OECD 2009 For the purposes of this study, the main interest would be in data that link ICT and the environment, for example: ... globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the...

Báo cáo khoa học: In vitro analysis of the relationship between endonuclease and maturase activities in the bi-functional doc

... test those hypotheses will needto be performed to determine the binding characteristics of the nucleic acid substrates, both alone and in the presence ofone another.Although the structural ... about 45 min. The substitution of either Na+ for K+or acetate for Cl–ions, as well as the inclusion of 0.1 mgÆmL)1BSA did notincrease the stability of the protein and slowed the reactionrate ... to cleavage if the protein wereto scan the DNA for the recognition site. If DNA cleavageinvolves a two-step process such as this, the pre-RNA couldinhibit the former, but not the latter step...

The relationship between default risk and interest rates: An empirical study research insight

... stationary; otherwise, they are non-stationary. 4 THE RELATIONSHIP BETWEEN INTEREST RATES AND AGGREGATE DEFAULT RATES This section describes the relationship between interest rates and aggregate ... the relationship between credit spreads and interest rate. The papers addressing the relationship between default and interest rates are relatively scarce and results can be contradictory. For ... )(,, titiEDFNR THE RELATIONSHIP BETWEEN DEFAULT RISK AND INTEREST RATES: AN EMPIRICAL STUDY 15 16 REFERENCES THE RELATIONSHIP BETWEEN DEFAULT RISK AND INTEREST RATES: AN EMPIRICAL STUDY...

the relationship between cnsumer acceptability and descriptive sensory attributes in cheddar cheese

... definitions and food references from these lexicons were screened and modified by the panel during the training sessions for suitability with the 114 E.L. CASPIA ET AL.cheese analyzed. Flavor terms of the ... was performed in triplicate during three consecutive months. The presentation of the sample was the same as for each of the training sessions.Each plate had a three-digit random number. The panelists ... population segments and regional locations, flavor preferencesof consumers also vary. Therefore, understanding the development and varia-tions in taste that occur during the maturation process...

The relationship between an organization’s structure and culture and the effects on business performance

... Evaluate and compare different organizational structures and culture: 32. The relationship between an organization’s structure and culture and the effects on business performance: 83. The factors ... On the other hand, Ballmer has reduced a level ofmanagement to manage more easily and efficiently. Microsoft structure is less flat therefore, the span of control is narrower and the gap between ... entrepreneurialstyle and spirit, good judgment and consensus building skills…etc.2. The relationship between an organization’s structure and culture and the effects on businessperformance:As we...

A STUDY OF THE RELATIONSHIP BETWEEN CEO COMPENSATION AND FIRM PERFORMANCE IN THE US AIRLINE INDUSTRY 2002 2006

... performance and thus stock price decreases is not conducive to stockholder theory and implies that in agency theory there is a conflict of interest between the CEO and the shareholders they represent. ... flat distribution. The larger the absolute value of the skewness and kurtosis, the more extreme the characteristics of the data. Table 10 depicts the skewness and kurtosis of the sample dataset. ... of Hypothesis ThreeHypothesis 3 states that there is no relationship between CEO compensation (salary plus bonus) and the debt-to-asset ratio in the low level of managerial discretion for publicly...

Tài liệu THE RELATIONSHIP BETWEEN CREDIT DEFAULT SWAP SPREADS, BOND YIELDS, AND CREDIT RATING ANNOUNCEMENTS ppt

... from the previous experiment and set x equal to the average adjusted spread level in an interval. The logistic model is the same as before and the PSM measure is defined as before. The results ... model is open to the criticism that it relies on a particular functional form for the relationship between the probability of a rating event and the explanatory variable. We therefore decided to ... except for review for downgrades and p=50%. This indicates that the adjusted spread change does contain useful information for estimating the probability of rating events. The results for the...

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