Bank Lending And Interest Rate Changes In A Dynamic Matching Model


Bank Lending And Interest Rate Changes In A Dynamic Matching Model
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Bank Lending And Interest Rate Changes In A Dynamic Matching Model


Bank Lending And Interest Rate Changes In A Dynamic Matching Model
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Author : Mr.Giovanni Dell'Ariccia
language : en
Publisher: International Monetary Fund
Release Date : 1998-06-01

Bank Lending And Interest Rate Changes In A Dynamic Matching Model written by Mr.Giovanni Dell'Ariccia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-01 with Business & Economics categories.


This paper presents theory and evidence on the dynamic relationship between aggregate bank lending and interest rate changes. Theoretically, it proposes and solves a stochastic matching model where credit expansion and contraction are time consuming. It shows that the response of bank lending to changes in money market rates is likely to be asymmetric and depends crucially on two structural parameters: the speed at which new loans become available, and the speed at which banks recall existing loans. Empirically, it provides evidence that bank lending in Mexico and the United States responds asymmetrically to positive and negative shocks in money market rates.



Issues In Monetary Financial And Macroeconomic Adjustment Policies


Issues In Monetary Financial And Macroeconomic Adjustment Policies
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Author : Stuart Sayer
language : en
Publisher: John Wiley & Sons
Release Date : 2005-02-11

Issues In Monetary Financial And Macroeconomic Adjustment Policies written by Stuart Sayer and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-02-11 with Business & Economics categories.


This collection of survey articles sheds light on crucial questions in the field of monetary, financial and macroeconomic policy. Applies rigorous economic theory and empirical analysis to important practical policy issues. Considers the role of the financial sector in economic development. Looks at why financial crises occur and how they can be avoided. Discusses the relationship between macroeconomic adjustment and poverty. Asks if low-inflation rate regimes are at risk from the ‘zero bound’ to nominal interest rates. Provides accessible overviews of recent research into these questions.



Research Activities Of The Imf January 1991 December 1998


Research Activities Of The Imf January 1991 December 1998
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-24

Research Activities Of The Imf January 1991 December 1998 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-24 with Business & Economics categories.


A selective index of major research papers prepared by IMF staff in 1991-98.



Imf Staff Papers Volume 45 No 3


Imf Staff Papers Volume 45 No 3
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1998-01-01

Imf Staff Papers Volume 45 No 3 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.


This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.



Research Activities Of The Imf January 1991 December 1999


Research Activities Of The Imf January 1991 December 1999
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-01-01

Research Activities Of The Imf January 1991 December 1999 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.


Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.



Leaning Against Windy Bank Lending


Leaning Against Windy Bank Lending
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Author : Mr.Giovanni Melina
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-31

Leaning Against Windy Bank Lending written by Mr.Giovanni Melina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-31 with Business & Economics categories.


Using an estimated dynamic stochastic general equilibrium model with banking, this paper first provides evidence that monetary policy reacted to bank loan growth in the US during the Great Moderation. It then shows that the optimized simple interest-rate rule features no response to the growth of bank credit. However, the welfare loss associated to the empirical responsiveness is small. The sources of business cycle fluctuations are crucial in determining whether a “leaning-against-the-wind” policy is optimal or not. In fact, the predominant role of supply shocks in the model gives rise to a trade-off between inflation and financial stabilization.



Credit Engineering For Bankers


Credit Engineering For Bankers
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Author : Morton Glantz
language : en
Publisher: Academic Press
Release Date : 2010-11-25

Credit Engineering For Bankers written by Morton Glantz and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-25 with Business & Economics categories.


More efficient credit portfolio engineering can increase the decision-making power of bankers and boost the market value of their banks. By implementing robust risk management procedures, bankers can develop comprehensive views of obligors by integrating fundamental and market data into a portfolio framework that treats all instruments similarly. Banks that can implement strategies for uncovering credit risk investments with the highest return per unit of risk can confidently build their businesses. Through chapters on fundamental analysis and credit administration, authors Morton Glantz and Johnathan Mun teach readers how to improve their credit skills and develop logical decision-making processes. As readers acquire new abilities to calculate risks and evaluate portfolios, they learn how credit risk strategies and policies can affect and be affected by credit ratings and global exposure tracking systems. The result is a book that facilitates the discipline of market-oriented portfolio management in the face of unending changes in the financial industry. Concentrates on the practical implementation of credit engineering strategies and tools Demonstrates how bankers can use portfolio analytics to increase their insights about different groups of obligors Investigates ways to improve a portfolio’s return on risk while minimizing probability of insolvency



External Evaluation Of Imf Economic Research Activities


External Evaluation Of Imf Economic Research Activities
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-04-11

External Evaluation Of Imf Economic Research Activities written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-04-11 with Business & Economics categories.


This report, commissioned by the Executive Board, was prepared by a committee of academic economists. The report assesses the appropriateness of current research activities, the quality and added value of the IMF's economic research and its utility in the IMF among its member countries and within the wider economics community. This publication also includes responses to the report by the IMF's staff, Managing Director, and Executive Board.



Britische Europaideen 1940 1970 B Cher Und Brosch Ren


Britische Europaideen 1940 1970 B Cher Und Brosch Ren
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Author : Winfried Böttcher
language : en
Publisher:
Release Date : 2003

Britische Europaideen 1940 1970 B Cher Und Brosch Ren written by Winfried Böttcher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with European cooperation categories.




Contents Of Recent Economics Journals


Contents Of Recent Economics Journals
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Author :
language : en
Publisher:
Release Date : 1998-12-31

Contents Of Recent Economics Journals written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-31 with Economics categories.