International Interest Rate Linkages and Monetary Policy

International Interest Rate Linkages and Monetary Policy PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 317

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Book Description

International Interest Rate Linkages and Monetary Policy

International Interest Rate Linkages and Monetary Policy PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 317

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Book Description


INTERNATIONAL INTEREST RATE LINKAGES AND MONETARY POLICY

INTERNATIONAL INTEREST RATE LINKAGES AND MONETARY POLICY PDF Author: BANCA DEI REGOLAMENTI INTERNAZIONALI (BRI) = BANK FOR INTERNATIONAL SETTLEMENTS (BIS)
Publisher:
ISBN:
Category :
Languages : en
Pages : 317

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International Interest Rate Linkages and Monetary Policy

International Interest Rate Linkages and Monetary Policy PDF Author: John Murray
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 68

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International Interest Rate Linkages and Monetary Policy

International Interest Rate Linkages and Monetary Policy PDF Author: Bank of International Settlements
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Interest Rate Linkages Within the European Monetary System

Interest Rate Linkages Within the European Monetary System PDF Author: Costas I. Karfakis
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 28

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Book Description
Estudio sobre la conexion entre los tipos de interes de los paises miembros del SME. Utiliza para ello un analisis bivariante de los tipos de interes de seis paises del SME, entre ellos Alemania; investigando la informacion contenida en los tipos de interes de Alemania sobre los tipos de interes futuros de los otros estados miembros. Los resultados muestran la dependencia de los tipos de interes en los paises miembros del SME respecto a los de Alemania, siendo esta relacion solamente unidireccional, lo que resalta el papel dominante de Alemania en el SME sin necesidad de considerar para ello las restricciones a los movimientos de capital.

Real Interest Rate Linkages in the Asian-Pacific Region

Real Interest Rate Linkages in the Asian-Pacific Region PDF Author: Kiyotaka Sato
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 58

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International Interest Rate Relationships

International Interest Rate Relationships PDF Author: J. T. Kneeshaw
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 76

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International Interest Rate Linkages and Monetary Policy

International Interest Rate Linkages and Monetary Policy PDF Author: Ian J. MacFarlane
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 34

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The International Linkage of Real Interest Rates

The International Linkage of Real Interest Rates PDF Author: Robert E. Cumby
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 40

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Book Description
Casual observation indicates that in recent years real interest rates in the United States appear to have risen sharply and have remained high relative to historical standards. Many observers have claimed that these high real rates have been transmitted abroad and have lead to high real rates in the rest of the industrialized countries. Concern over the level of real rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we present evidence on several questions regarding the movement in short term real interest rates in eight countries that have been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this link be quantified?The basic finding in this paper is that real rates have climbed dramatically from the 1970s to the 1980s in both the European countries and the United States. Indeed, real interest rates in the United States are currently at high levels unprecedented in the post war period, which rival the levels that occurred during the Great Depression. Complaints that real interest rates in the United States are exceedingly high seem to be well justified. There is also strong evidence that there is a positive association between movements in U.S. real rates and those in Europe. However,European real rates typically do not move one-for-one with U.S. real rates,still leaving open the possibility that European monetary policy can influence domestic economic activity.

Modeling with Macro-Financial Linkages

Modeling with Macro-Financial Linkages PDF Author: Ms.Inci Ötker
Publisher: International Monetary Fund
ISBN: 1451872704
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated with rapid credit growth, financial dollarization, and foreign borrowing, while lacking traditional tools to effect monetary policy transmission, and hence could resort to more direct instruments, such as foreign exchange market intervention and regulatory and administrative measures. Calibrating the model to a stylized emerging European economy, the paper simulates real and financial sector implications of various external and policy-related shocks that could be used as input for monetary policy making.