working paper in economics

WORKING PAPER SERIES NO. 398 / OCTOBER 2004: MERGERS AND ACQUISITIONS AND BANK PERFORMANCE IN EUROPE THE ROLE OF STRATEGIC SIMILARITIES potx

WORKING PAPER SERIES NO. 398 / OCTOBER 2004: MERGERS AND ACQUISITIONS AND BANK PERFORMANCE IN EUROPE THE ROLE OF STRATEGIC SIMILARITIES potx

Ngày tải lên : 06/03/2014, 09:22
... difficulties in integrating institutions with widely different strategic orientation These findings fit well with the process of financial consolidation observed in recent years in Europe ECB Working Paper ... ‘specialness’ of banks in a setting in which there are asymmetries of information In this setting, according to the ‘signalling hypothesis’, commercial banks specialise in lending information to problematic ... Chicago Working Papers Series 99-25 Bollenbacher G M (1995), The New Business of Banking: Transforming Challenges Into Opportunities in Today's Financial Services Marketplace, revised edition, Irwin,...
  • 37
  • 654
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx

WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx

Ngày tải lên : 15/03/2014, 14:20
... in the estimation of the baseline model, can 16 ECB Working Paper Series No 518 September 2005 be explained by a reversal in the pattern of declining market rates that coincided with the beginning ... are in For instance, Neumark and Sharpe (1992) showed it across local deposits markets within the United States ECB Working Paper Series No 518 September 2005 13 financial instruments, refinancing ... continuing decline in money market interest rates during the years of nominal convergence, a reversal took place in the course of 1999 As our baseline estimation was shown to be unstable in a...
  • 49
  • 829
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO 1395 / NOVEMBER 2011: ON THE IMPORTANCE OF PRIOR RELATIONSHIPS IN BANK LOANS TO RETAIL CUSTOMERS pptx

WORKING PAPER SERIES NO 1395 / NOVEMBER 2011: ON THE IMPORTANCE OF PRIOR RELATIONSHIPS IN BANK LOANS TO RETAIL CUSTOMERS pptx

Ngày tải lên : 22/03/2014, 21:20
... all kinds have inherent private information and are valuable in screening, in monitoring, and in reducing consumers’ incentives to default ECB Working Paper Series No 1395 November 2011 Introduction ... are defined in Appendix I 22 ECB Working Paper Series No 1395 November 2011 effects The results in Table show that default rates are decreasing in the borrower’s income and tend to increase in her ... Borrower Industry Borrower Industry Job Stability years Internal Rating Rating – Rating 12 External Rating Rating – Rating Log(Income) is the natural logarithm of the monthly net income...
  • 73
  • 722
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO 1487 / OCTOBER 2012: ASYMMETRIC INFORMATION IN CREDIT MARKETS, BANK LEVERAGE CYCLES AND MACROECONOMIC DYNAMICS doc

WORKING PAPER SERIES NO 1487 / OCTOBER 2012: ASYMMETRIC INFORMATION IN CREDIT MARKETS, BANK LEVERAGE CYCLES AND MACROECONOMIC DYNAMICS doc

Ngày tải lên : 22/03/2014, 21:20
... four since monetary policy is slow to increase the nominal interest rate in response to the uptick in in‡ ation following the technology shock, b b but then starts recovering The declining path ... requires an increase in bank lending and hence bank leverage, which, in the presence of a leverage constraint in the banking sector, requires a further increase in the external finance premium ... limiting the decline in investment as compared to the nofriction model The decline in loans to entrepreneurs drives a persistent b decline in bank leverage bt In the full model, this decline...
  • 97
  • 823
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

Ngày tải lên : 22/03/2014, 23:20
... that increasing the Marshallian K by one percentage point would be associated with a decline in the shortterm nominal rate of interest of about four percentage points However, increases in the ... management because the interest rate is observed continuously By fixing kt , even a slight movement in the nominal interest rate can be immediately recognized as a change in ECB • Working Paper No 218 • ... low in ation and the nominal interest rate floor, IMF Working paper, WP/97/23, International Monetary Fund McCallum, B T., 2000, Theoretical analysis regarding a zero lower bound on nominal interest...
  • 53
  • 586
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 351 / APRIL 2004: INTEREST RATE DETERMINATION IN THE INTERBANK MARKET pot

WORKING PAPER SERIES NO. 351 / APRIL 2004: INTEREST RATE DETERMINATION IN THE INTERBANK MARKET pot

Ngày tải lên : 22/03/2014, 23:20
... European Central Bank working paper series 40 ECB Working Paper Series No 351 April 2004 Abstract The purpose of this paper is to study the determinants of equilibrium in the market for daily ... database, kindly made available by the European Banking Federation (EBF) The database includes daily information on the lending rates for operations involving contributing banks The sample includes ... (2003) and include the beginning and the end of the reserve maintenance period, the dates of meetings of the ECBs Governing Council and the end-of-the month We argue that ECB Working Paper Series...
  • 50
  • 410
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 393 / SEPTEMBER 2004: THE DETERMINANTS OF THE OVERNIGHT INTEREST RATE IN THE EURO AREA doc

WORKING PAPER SERIES NO. 393 / SEPTEMBER 2004: THE DETERMINANTS OF THE OVERNIGHT INTEREST RATE IN THE EURO AREA doc

Ngày tải lên : 22/03/2014, 23:20
... basis points In other words, if the expected t t marginal lending rate is lower than the current minimum bid rate In this case obtaining liquidity in the future from the marginal lending facility ... cheaper than obtaining it now from the current main refinancing operations 22 ECB Working Paper Series No 393 September 2004 underbidding, i.e the underbidding amount times the expected interest rate ... seen in panel H of table Positive changes in the interest rate indicate an increased probability of ending up the reserve maintenance period with too few reserves, or an expected increase in the...
  • 58
  • 617
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES pptx

WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES pptx

Ngày tải lên : 22/03/2014, 23:20
... in the estimation of the baseline model, can 16 ECB Working Paper Series No 518 September 2005 be explained by a reversal in the pattern of declining market rates that coincided with the beginning ... are in For instance, Neumark and Sharpe (1992) showed it across local deposits markets within the United States ECB Working Paper Series No 518 September 2005 13 financial instruments, refinancing ... continuing decline in money market interest rates during the years of nominal convergence, a reversal took place in the course of 1999 As our baseline estimation was shown to be unstable in a...
  • 49
  • 562
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 546 / NOVEMBER 2005: THE NATURAL REAL INTEREST RATE AND THE OUTPUT GAP IN THE EURO AREA A JOINT ESTIMATION doc

WORKING PAPER SERIES NO. 546 / NOVEMBER 2005: THE NATURAL REAL INTEREST RATE AND THE OUTPUT GAP IN THE EURO AREA A JOINT ESTIMATION doc

Ngày tải lên : 22/03/2014, 23:20
... may contain valuable information about future inflation in the euro area However, it should be borne in mind that estimates of the natural real interest rate are imprecise ECB Working Paper Series ... interest rate has declined from around 4% in the 1960s to less than 2% in 2004 In the model, the decline in the natural real interest rate in the euro area is largely due to a fall in the estimated ... to noise ratios with restricted c ECB Working Paper Series No 546 November 2005 27 European Central Bank working paper series For a complete list of Working Papers published by the ECB, please...
  • 32
  • 578
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES NO. 580 / JANUARY 2006: BANK INTEREST RATE PASS-THROUGH IN THE EURO AREA A CROSS COUNTRY COMPARISON ppt

WORKING PAPER SERIES NO. 580 / JANUARY 2006: BANK INTEREST RATE PASS-THROUGH IN THE EURO AREA A CROSS COUNTRY COMPARISON ppt

Ngày tải lên : 22/03/2014, 23:20
... Convergence in euro area retail banking?, Limburg Institute of Financial Economics, Working paper 04-005 Saunders, A and Schumacher, L (2000), The determinants of bank interest rate margins: An international ... Bank Working Paper Series 61 ECB Working Paper Series No 580 January 2006 Abstract The present paper investigates the pass-through between market interest rates and bank interest rates in the ... retail bank interest rates in euro area countries, ECB Working Paper No 518 ECB Working Paper Series No 580 January 2006 31 de Graeve, F., de Jonghe, O and Vander Vennet, R (2004), The determinants...
  • 65
  • 542
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
WORKING PAPER SERIES 141 - FORECASTING BONDS YIELDS IN THE BRAZILIAN FIXED INCOME MARKET ppt

WORKING PAPER SERIES 141 - FORECASTING BONDS YIELDS IN THE BRAZILIAN FIXED INCOME MARKET ppt

Ngày tải lên : 29/03/2014, 06:21
... na internet, no formato PDF, no endereço: http://www.bc.gov.br Working Paper Series Working Papers in PDF format can be downloaded from: http://www.bc.gov.br Implementing Inflation Targeting in ... 00.038.166/0001-05 Working Paper Series Brasília n 141 Aug 2007 P 1-29 Working Paper Series Edited by Research Department (Depep) – E-mail: workingpaper@bcb.gov.br Editor: Benjamin Miranda Tabak ... http://www.bcb.gov.br/?english Forecasting Bond Yields in the Brazilian Fixed Income Market ∗ Jose Vicente† Benjamin M Tabak ‡ The Working Papers should not be reported as representing the views of the Banco...
  • 30
  • 282
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Working PaPer SerieS no 967 / november 2008: Central bank miSPerCePtions and the role of money in interest rate rules pptx

Working PaPer SerieS no 967 / november 2008: Central bank miSPerCePtions and the role of money in interest rate rules pptx

Ngày tải lên : 29/03/2014, 13:20
... successfully using inflation-based estimates of trend inflation but money-based estimates would dominate if money leads inflation as indicated by recent empirical studies ECB Working Paper Series ... characterize the transmission of interest rate changes to in ation in Keynesian-style models In these models changes in the nominal interest rate in uence the real interest rate due to the presence ... movement in inflation Why does the central bank accept this sustained increase in inflation? The reason is that it conducts a policy that is believed to be very effective in stabilizing in ation...
  • 53
  • 699
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Working pAper series no 1041/ A pril 2009: An economic cApitAl model integrAting credit And interest rAte risk in the bAnking book doc

Working pAper series no 1041/ A pril 2009: An economic cApitAl model integrAting credit And interest rAte risk in the bAnking book doc

Ngày tải lên : 29/03/2014, 13:20
... Net interest income (NI) Net interest income including losses due to defaulted coupons (RNI) Net-Profits Equity = 4% Credit risk losses Net interest income (NI) Net interest income including ... frequently, increases in credit risk can be partly passed on to borrowers ECB Working Paper Series No 1041 April 2009 Introduction “The Committee remains convinced that interest rate risk in the banking ... horizon of interest is one year; since T=4 throughout the analysis, we drop the time index T in the remainder of the paper 3.4 Economic Capital As discussed in the introduction, in line with current...
  • 57
  • 1.2K
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx

Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx

Ngày tải lên : 29/03/2014, 13:20
... strongly increases savings incentives in working age, as can be inferred from the decline of by percentage points and an associated increase in the investment share ( ) In sum, these changes in consumption ... higher savings but to an increase in the tax share by percentage points which funds the higher share of bene ts in output 28 ECB Working Paper Series No 1273 December 2010 This increase in the tax ... over time The main ndings are as follows First, for key variables the e ects of a slowdown in working age population growth and an increase in longevity reinforce each other In line with Table...
  • 49
  • 455
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Working paper series the phillips curve and long-term unemployment

Working paper series the phillips curve and long-term unemployment

Ngày tải lên : 24/10/2012, 09:11
... European Central Bank working paper series 45 ECB Working Paper Series No 441 February 2005 Abstract This paper studies the role of long-term unemployment in the determination of prices and wages ... Standard NAIRU; Dash- Modified NAIRU 44 ECB Working Paper Series No 441 February 2005 European Central Bank working paper series For a complete list of Working Papers published by the ECB, please visit ... growth in Europe can be attributed to the striking growth in long-term unemployment Its rate quickly jumped from about percent in 1976 to almost percent in 1985, remaining at high levels ever since.7...
  • 49
  • 370
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Tài liệu Leadership & success In economics, law, & technology ppt

Tài liệu Leadership & success In economics, law, & technology ppt

Ngày tải lên : 11/12/2013, 15:15
... communication is most interesting and intriguing Think about it Everything we is defined by how we interact with others, while the topic of communication includes everything from individuals to presentations ... dependence on inspection to achieve quality Eliminate the need for inspection on a mass basis by building quality into the product in the first plaice End the business of awarding business on the ... and business consultant and is a contributing author to Business: the Ultimate Resource [Reh] He has an interesting question about benchmarking Benchmarking is the process of determining who...
  • 173
  • 529
  • 0
  1. Kỹ Năng Mềm
  2. Kỹ năng lãnh đạo
Statistical size distributions in economics & actuarial sciences (2003)

Statistical size distributions in economics & actuarial sciences (2003)

Ngày tải lên : 13/12/2013, 11:36
... drastically income inequality and result in something approaching the single-point distribution of income when everyone is paid the same wages The most radical example is, of course, the blueprint for ... resulting in a wide gap in income it was considered polarization and a deviation from socialism This egalitarian thinking is utterly incompatible with scientific Marxist views of socialism In modern ... distribution is an important factor in determining the amount of saving in a society; it is also a factor in uencing the productive effort made by various groups in the society Distributions of Firm...
  • 353
  • 215
  • 0
  1. Giáo Dục - Đào Tạo
  2. Cao đẳng - Đại học
Tài liệu IMF Working Paper ppt

Tài liệu IMF Working Paper ppt

Ngày tải lên : 17/12/2013, 05:15
... financial system The crucial stylized fact in this regard is the blurring of boundaries in the financial industry which is leading to an increasing integration of the banking, securities and insurance ... Research Working Paper No 2223 (Washington: World Bank) Westrup, Jonathan, 2007, “Independence and Accountability: Why Politics Matter, in Designing Financial Supervision Institutions: Independence, ... Quintyn Authorized for distribution by Andrew Feltenstein February 2008 Abstract This Working Paper should not be reported as representing the views of the IMF The views expressed in this Working...
  • 48
  • 283
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Tài liệu WORKING PAPER SERIES: TRADING EUROPEAN SOVEREIGN BONDS THE MICROSTRUCTURE OF THE MTS TRADING PLATFORMS docx

Tài liệu WORKING PAPER SERIES: TRADING EUROPEAN SOVEREIGN BONDS THE MICROSTRUCTURE OF THE MTS TRADING PLATFORMS docx

Ngày tải lên : 16/02/2014, 02:20
... pattern, the trading day kicks ođ with a relative large spread around basis point in the early morning, falling to basis points in the late morning and gradually increasing to basis points in the late ... high trading intensity (straight line) and in a period with low trading intensity (dotted line) In the high trading intensity case, we pick a trade with Tt Ăi; on the 10th quantile and, in case ... modelling of price and order ow dynamics by taking trading intensity and the announcement of news into account This is the main objective of the paper The investigation of trading surrounding economic...
  • 50
  • 797
  • 0
  1. Tài Chính - Ngân Hàng
  2. Ngân hàng - Tín dụng
Tài liệu Research " A diserttation submitted in partial satisfacion of the requirments for the degree Doctor of Philosophy in economics " ppt

Tài liệu Research " A diserttation submitted in partial satisfacion of the requirments for the degree Doctor of Philosophy in economics " ppt

Ngày tải lên : 18/02/2014, 11:20
  • 154
  • 396
  • 0
  1. Luận Văn - Báo Cáo
  2. Thạc sĩ - Cao học

Xem thêm

Tìm thêm: