The Price Of Inconvertible Deposits
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The Price Of Inconvertible Deposits
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Author : Eduardo Levy Levy-Yeyati
language : en
Publisher:
Release Date : 2011
The Price Of Inconvertible Deposits written by Eduardo Levy Levy-Yeyati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a boom in the stock market. We argue that this boom reflects the cost that depositors were willing to incur to get their money out of the banking system, in light of the impending risks. This boom was generalized to all stocks and more pronounced in liquid stocks. Furthermore, the boom was a symptom that deposits were effectively restricted and that investors were not able to circumvent capital controls.
The Price Of Inconvertible Deposits
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Author : Neeltje van Horen
language : en
Publisher: World Bank Publications
Release Date : 2003
The Price Of Inconvertible Deposits written by Neeltje van Horen and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Bank deposits categories.
The Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a "boom" in the stock market. The authors argue that this boom reflects the cost that depositors were willing to incur to get their money out of the banking system, in light of the impending risks. This boom was generalized to all stocks and more pronounced in liquid stocks. Furthermore, the boom was a symptom that deposits were effectively restricted and that investors were not able to circumvent capital controls. This paper--a product of Macroeconomics and Growth, Development Research Group--is part of a larger effort in the group to understand financial crises.
International Financial Integration Through The Law Of One Price
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Author : Eduardo Levy Yeyati
language : en
Publisher: World Bank Publications
Release Date : 2006
International Financial Integration Through The Law Of One Price written by Eduardo Levy Yeyati and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Integracion financiera categories.
"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage. Applying to equity markets recent methodological developments in the purchasing power parity literature, they show that nonlinear Threshold Autoregressive (TAR) models properly capture the behavior of the cross market premium. The estimates reveal the presence of narrow non-arbitrage bands and indicate that price differences outside these bands are rapidly arbitraged away, much faster than what has been documented for good markets. Moreover, the authors find that financial integration increases with market liquidity. Capital controls, when binding, contribute to segment financial markets by widening the non-arbitrage bands and making price disparities more persistent. Crisis episodes are associated with higher volatility, rather than by more persistent deviations from the law of one price. "--World Bank web site.
The World Bank Research Program 2004
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2005
The World Bank Research Program 2004 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business categories.
The World Bank's research is intended to address critical issues and problems facing member governments in developing and transition economies. How can the governments of the poorest countries generate enough revenue to provide the education and health services essential to reducing poverty and promoting growth and development? How can poor countries attract investors to build the infrastructure their economies need? How can they develop systems to bring clean water to the 2 billion people without it today? How can they train teachers and bring to class the 115 million children who have not yet received any education? And how can rich countries be persuaded to lower market barriers, helping to reverse the decline in export prices for poor countries that has left them earning less from trade today than in the 1970s? These are the types of questions that are addressed in this edition of 'The World Bank Research Program: Abstracts from Current Studies'. This volume reports on research projects initiated, under way, or completed from July 2003 through June 2004. It covers 151 research projects on several broad development related issues, including agriculture, health, education, environment, infrastructure, investment climate, and more. The abstract for each project describes the questions addressed, the analytic methods used, the findings to date, and policy implications.
Economia Fall 2004 Journal Of The Latin American And Caribbean Economic Association
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Author : Andres Velasco
language : en
Publisher: Brookings Institution Press
Release Date : 2005-01-01
Economia Fall 2004 Journal Of The Latin American And Caribbean Economic Association written by Andres Velasco and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers to share high-quality research directly applied to policy issues within and among those countries.Contents Include: The Impact of the Basel Accord on Bank Credit Growth: A Cross-Country Study Ralph Chami and Adolfo Barajas (IMF) and Thomas Cosimano (University of Notre DameDistributional Effects of Crises: The Financial Channel Marina Halac and Sergio L. Schmukler (World Bank)Growth and Adjustment in East Asia and Latin America José De Gregorio (Banco Central de Chile) and Jong-Wha Lee (Korea University) Labor Market Adjustment in Chile Kevin Cowan, Alejandro Micco, and Carmen Pages (IADB)A Menu of Minimum Wage Variables for Evaluating Wage and Employment Effects: Evidence from Brazil Sara Lemos (University of Leicester)
The Political Economy Of Great Britain The United States And France In The Use Of Money
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Author : John Badlam Howe
language : en
Publisher:
Release Date : 1878
The Political Economy Of Great Britain The United States And France In The Use Of Money written by John Badlam Howe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1878 with Banks and banking categories.
Emerging Market Liguidity And Crises
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Author :
language : en
Publisher: World Bank Publications
Release Date :
Emerging Market Liguidity And Crises written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Money And Financial Systems Latest Edition
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Author : Dr. V. C. Sinha
language : en
Publisher: SBPD Publishing House
Release Date : 2020-09-22
Money And Financial Systems Latest Edition written by Dr. V. C. Sinha and has been published by SBPD Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-22 with Education categories.
Money and Financial Systems by Dr. V. C. Sinha and Dr. J. C. Varshney is a publication of SBPD Publishing House, Agra. This book is addressed to the students of monetary economics. Much of the discussion in the book relates to the financial institutions, theory of money and credit supply and monetary and credit policy. In the 1990’s, the economic reforms were started in the Indian economy and financial sector reforms were the key to these reforms. Therefore, in the past one decade or more, the financial sector in India has undergone historical changes. The authors have tried to incorporate all those changes in the book and have given the latest picture of the financial sector to the students.
Capital Controls And Capital Flows In Emerging Economies
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Author : Sebastian Edwards
language : en
Publisher: University of Chicago Press
Release Date : 2009-02-15
Capital Controls And Capital Flows In Emerging Economies written by Sebastian Edwards and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-15 with Business & Economics categories.
Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.
Issues In Reforming Financial Systems In Eastern Europe
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Author : Alfredo E. Thorne
language : en
Publisher: World Bank Publications
Release Date : 1992
Issues In Reforming Financial Systems In Eastern Europe written by Alfredo E. Thorne and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Banks and banking categories.
Authorities in Eastern European countries should encourage their reformed financial systems to stimulate the supply response by linking the reform of the financial system to the privatization of banks and enterprises.