Covered Interest Parity Deviations: Macrofinancial Determinants

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Publisher : International Monetary Fund
ISBN 13 : 1484395212
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Covered Interest Parity Deviations: Macrofinancial Determinants by : Mr.Eugenio M Cerutti

Download or read book Covered Interest Parity Deviations: Macrofinancial Determinants written by Mr.Eugenio M Cerutti and published by International Monetary Fund. This book was released on 2019-01-16 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: For about three decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely—even as a broad macroeconomic relationship applying to daily or weekly data. Not only have CIP deviations significantly increased since the GFC, but potential macrofinancial drivers of the variation in CIP deviations have also become significant. The variation in CIP deviations seems to be associated with multiple factors, not only regulatory changes. Most of these do not display a uniform importance across currency pairs and time, and some are associated with possible temporary considerations (such as asynchronous monetary policy cycles).

A Century of Monetary Policy at the Fed

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Publisher : Springer
ISBN 13 : 1137578599
Total Pages : 332 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis A Century of Monetary Policy at the Fed by : David E. Lindsey

Download or read book A Century of Monetary Policy at the Fed written by David E. Lindsey and published by Springer. This book was released on 2016-04-20 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this narrative history, David E. Lindsey gives the reader a ringside seat to a century of policies at the US Federal Reserve. Alternating between broad historical strokes and deep dives into the significance of monetary issues and developments, Lindsey offers a fascinating look into monetary policymaking from the Fed's inception in 1913 to today. Lindsey's three decades of service on the Federal Reserve Board staff allow him to combine the heft of scholarship with an insider's perspective on how the recent chairmen's and current chairwoman's personalities and singular visions have shaped policy choices with far-reaching consequences. He critiques the performances of Chairman Ben Bernanke and Vice Chair Janet Yellen during the prelude, outbreak, and aftermath of the financial crisis of 2008, situating them in the context of the Fed's century-long history. He also quantitatively explores an alternative to the conventional New-Keynesian theory of inflation, replacing so-called "rational expectations" with the Fed's inflation objective. This unique volume is a piece of living history that has much to offer economists and monetary policy and finance professionals.

Essays in Honor of M. Hashem Pesaran

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Publisher : Emerald Group Publishing
ISBN 13 : 1802620613
Total Pages : 360 pages
Book Rating : 4.8/5 (26 download)

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Book Synopsis Essays in Honor of M. Hashem Pesaran by : Alexander Chudik

Download or read book Essays in Honor of M. Hashem Pesaran written by Alexander Chudik and published by Emerald Group Publishing. This book was released on 2022-01-18 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collection of chapters in Volume 43 Part A of Advances in Econometrics serves as a tribute to one of the most innovative, influential, and productive econometricians of his generation, Professor M. Hashem Pesaran.

Dominant Currency Paradigm: A New Model for Small Open Economies

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Publisher : International Monetary Fund
ISBN 13 : 1484330609
Total Pages : 62 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Dominant Currency Paradigm: A New Model for Small Open Economies by : Camila Casas

Download or read book Dominant Currency Paradigm: A New Model for Small Open Economies written by Camila Casas and published by International Monetary Fund. This book was released on 2017-11-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.

On Guerrilla Warfare

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Publisher : Courier Corporation
ISBN 13 : 0486119572
Total Pages : 130 pages
Book Rating : 4.4/5 (861 download)

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Book Synopsis On Guerrilla Warfare by : Mao Tse-tung

Download or read book On Guerrilla Warfare written by Mao Tse-tung and published by Courier Corporation. This book was released on 2012-03-06 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first documented, systematic study of a truly revolutionary subject, this 1937 text remains the definitive guide to guerrilla warfare. It concisely explains unorthodox strategies that transform disadvantages into benefits.

Money, Crises, and Transition

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Publisher : Mit Press
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Money, Crises, and Transition by : Guillermo A. Calvo

Download or read book Money, Crises, and Transition written by Guillermo A. Calvo and published by Mit Press. This book was released on 2008 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays taken on the issues that have fascinated Calvo most as an academic, a senior advisor at the International Monetary Fund and as the chief economist at the Inter-American Development Bank: monetary and exchange rate policy, financial crises, debt, taxation and reform, and transition and growth.

Toward Combined Arms Warfare

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Publisher : DIANE Publishing
ISBN 13 : 1428915834
Total Pages : 235 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Toward Combined Arms Warfare by : Jonathan Mallory House

Download or read book Toward Combined Arms Warfare written by Jonathan Mallory House and published by DIANE Publishing. This book was released on 1985 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Apollo's Warriors

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Publisher : DIANE Publishing
ISBN 13 : 9780788149832
Total Pages : 388 pages
Book Rating : 4.1/5 (498 download)

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Book Synopsis Apollo's Warriors by : Michael E. Haas

Download or read book Apollo's Warriors written by Michael E. Haas and published by DIANE Publishing. This book was released on 1998-05 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting a fascinating insider's view of U.S.A.F. special operations, this volume brings to life the critical contributions these forces have made to the exercise of air & space power. Focusing in particular on the period between the Korean War & the Indochina wars of 1950-1979, the accounts of numerous missions are profusely illustrated with photos & maps. Includes a discussion of AF operations in Europe during WWII, as well as profiles of Air Commandos who performed above & beyond the call of duty. Reflects on the need for financial & political support for restoration of the forces. Bibliography. Extensive photos & maps. Charts & tables.

Brittle Power

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Publisher :
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Brittle Power by : Amory B. Lovins

Download or read book Brittle Power written by Amory B. Lovins and published by . This book was released on 1982 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Eurotragedy

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Publisher : Oxford University Press
ISBN 13 : 0199351384
Total Pages : 673 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Eurotragedy by : Ashoka Mody

Download or read book Eurotragedy written by Ashoka Mody and published by Oxford University Press. This book was released on 2018 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: EuroTragedy is an incisive exploration of the tragedy of how the European push for integration was based on illusions and delusions pursued in the face of warnings that the pursuit of unity was based on weak foundations.

Defensive Expectations

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Publisher : Springer Nature
ISBN 13 : 3030550451
Total Pages : 216 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Defensive Expectations by : Liviu Voinea

Download or read book Defensive Expectations written by Liviu Voinea and published by Springer Nature. This book was released on 2020-12-09 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why inflation remains subdued after recessions, based on three revolutionary concepts: defensive expectations, compensatory savings, and cumulative wage gap. When income falls, consumption falls, and savings rise, as people rebuild their past wealth. Households will not spend more until they fully recover what they lost. The revised Phillips Curve explains that current inflation depends on the cumulative difference between current income and past income. This new theory is tested and validated by data for US since 1960 to date and for 35 OECD countries from 1990 to date. A number of policy implications are derived from these results. The book calls for an optimal policy mix between monetary policy and fiscal policy; it also discusses the coronavirus crisis as an extreme case of defensive expectations.

Flow and Stock Effects of Large-Scale Treasury Purchases

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Publisher : DIANE Publishing
ISBN 13 : 1437941648
Total Pages : 40 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Flow and Stock Effects of Large-Scale Treasury Purchases by : Stefania D'Amico

Download or read book Flow and Stock Effects of Large-Scale Treasury Purchases written by Stefania D'Amico and published by DIANE Publishing. This book was released on 2011-02 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Using a panel of daily CUSIP-level data, the authors study the effects of the Federal Reserve¿s program to purchase $300 billion of U.S. Treasury coupon securities announced and implemented during 2009. The authors find that each purchase operation, on average, caused a decline in yields in the sector purchased of 3.5 basis points on the days when these purchases occurred (the ¿flow effect¿ of the program). In addition, the program as a whole resulted in a persistent downward shift in the yield curve of as much as 50 basis points (the ¿stock effect¿), with the largest impact in the 10- to 15-year sector. The coefficient patterns generally support a view of segmentation or imperfect substitution within the Treasury market. Charts and tables.

Guaranteed to Fail

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Publisher : Princeton University Press
ISBN 13 : 1400838096
Total Pages : 233 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Guaranteed to Fail by : Viral V. Acharya

Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.

Uva's Basic Grip Book

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Publisher : Taylor & Francis
ISBN 13 : 0240804856
Total Pages : 228 pages
Book Rating : 4.2/5 (48 download)

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Book Synopsis Uva's Basic Grip Book by : Michael Uva

Download or read book Uva's Basic Grip Book written by Michael Uva and published by Taylor & Francis. This book was released on 2002 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is aimed at the beginner handling grip equipment for the first time. It covers the equipment used daily in the making of films, TV shows and commercials, and explains why one piece of equipment may be chosen over another in a given situation.

Colour-Coded

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Publisher : University of Toronto Press
ISBN 13 : 1442690852
Total Pages : 505 pages
Book Rating : 4.4/5 (426 download)

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Book Synopsis Colour-Coded by : Constance Backhouse

Download or read book Colour-Coded written by Constance Backhouse and published by University of Toronto Press. This book was released on 1999-11-20 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically Canadians have considered themselves to be more or less free of racial prejudice. Although this conception has been challenged in recent years, it has not been completely dispelled. In Colour-Coded, Constance Backhouse illustrates the tenacious hold that white supremacy had on our legal system in the first half of this century, and underscores the damaging legacy of inequality that continues today. Backhouse presents detailed narratives of six court cases, each giving evidence of blatant racism created and enforced through law. The cases focus on Aboriginal, Inuit, Chinese-Canadian, and African-Canadian individuals, taking us from the criminal prosecution of traditional Aboriginal dance to the trial of members of the 'Ku Klux Klan of Kanada.' From thousands of possibilities, Backhouse has selected studies that constitute central moments in the legal history of race in Canada. Her selection also considers a wide range of legal forums, including administrative rulings by municipal councils, criminal trials before police magistrates, and criminal and civil cases heard by the highest courts in the provinces and by the Supreme Court of Canada. The extensive and detailed documentation presented here leaves no doubt that the Canadian legal system played a dominant role in creating and preserving racial discrimination. A central message of this book is that racism is deeply embedded in Canadian history despite Canada's reputation as a raceless society. Winner of the Joseph Brant Award, presented by the Ontario Historical Society

Immigration Policy and the Terrorist Threat in Canada and the United States

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Author :
Publisher : The Fraser Institute
ISBN 13 : 0889752354
Total Pages : 256 pages
Book Rating : 4.8/5 (897 download)

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Book Synopsis Immigration Policy and the Terrorist Threat in Canada and the United States by : A. Alexander Moens

Download or read book Immigration Policy and the Terrorist Threat in Canada and the United States written by A. Alexander Moens and published by The Fraser Institute. This book was released on 2008 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In June 2007, the Fraser Institute held a conference in Toronto, Ontario, titled, "Immigration Policy, Border Controls, and the Terrorist Threat In Canada and the United States."The chapters in this volume, which arose from this conference, raise fundamental questions about weaknesses in Canada's current immigration policies and procedures." "The contributors to this volume identify serious threats and weaknesses in the immigration, asylum, and border regimes from both Canadian and American perspectives. The authors are not opposed to effectively managed immigration or allowing genuine refugees who pose no security threat to enter the country through a well-vetted system. All believe that the vast majority of immigrants pose no danger, but are simply seeking to improve their freedom and prosperity. Nevertheless given the stakes raised by terrorist attacks, the entry of even a small number of potentially dangerous individuals should warrant major attention and policy review."--BOOK JACKET.

Effective Macroprudential Policy

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Publisher : International Monetary Fund
ISBN 13 : 1484337735
Total Pages : 47 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Effective Macroprudential Policy by : Janko Cizel

Download or read book Effective Macroprudential Policy written by Janko Cizel and published by International Monetary Fund. This book was released on 2016-04-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroprudential policy is increasingly being implemented worldwide. Its effectiveness in influencing bank credit and its substitution effects beyond banking have been a key subject of discussion. Our empirical analysis confirms the expected effects of macroprudential policies on bank credit, both for advanced economies and emerging market economies. Yet we also find evidence of substitution effects towards nonbank credit, especially in advanced economies, reducing the policies’ effect on total credit. Quantity restrictions are particularly potent in constraining bank credit but also cause the strongest substitution effects. Policy implications indicate a need to extend macroprudential policy beyond banking, especially in advanced economies.