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Financial Innovation And The Control Of Monetary Aggregates
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Book Synopsis Financial Innovation and the Control of Monetary Aggregates by : Robert E. Jr Lucas
Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert E. Jr Lucas and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity.
Book Synopsis Financial Innovation and the Control of Monetary Aggregates by : Robert F. Lucas
Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert F. Lucas and published by . This book was released on 1983 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity
Book Synopsis Financial Innovations by : Federal Reserve Bank of St. Louis
Download or read book Financial Innovations written by Federal Reserve Bank of St. Louis and published by Springer. This book was released on 1984-06-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Explaining Monetary and Financial Innovation by : Peter Bernholz
Download or read book Explaining Monetary and Financial Innovation written by Peter Bernholz and published by Springer. This book was released on 2014-06-26 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.
Book Synopsis Financial Innovation and Monetary Policy by : Michael Pawley
Download or read book Financial Innovation and Monetary Policy written by Michael Pawley and published by Routledge. This book was released on 1993-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Innovation and Monetary Policy by : Yoshio Suzuki
Download or read book Financial Innovation and Monetary Policy written by Yoshio Suzuki and published by . This book was released on 1986 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy Publisher : ISBN 13 : Total Pages :184 pages Book Rating :4.3/5 (91 download)
Book Synopsis Impact of Money Substitutes on Monetary Control as it Affects Interest Rates and Economic Activity by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Download or read book Impact of Money Substitutes on Monetary Control as it Affects Interest Rates and Economic Activity written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1982 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Innovation: Theories, Models and Regulation by : G. V. Satya Sekhar
Download or read book Financial Innovation: Theories, Models and Regulation written by G. V. Satya Sekhar and published by Vernon Press. This book was released on 2018-04-10 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial innovation is a regular feature of the global financial system. Financial innovation results in greater economic efficiency over time. In the process of creating a new financial product, besides basic theory of financial management, a financial engineer needs to acquire knowledge of optimization and financial modeling techniques. Modern financial innovation is underpinned by a rich literature including the seminal studies by Levich (1985), Smith, Smithson, and Wilford (1990), Verghese (1990), Merton (1992), Levine (1997), John D Finnerty (2002), Tufano (2003) and Draghi (2008), among many others. This book corresponds to the need to provide an integrated study on financial innovation and the economic regulatory mechanism. A key part of financial innovation covered in the book is the process of creating innovative financial securities and derivative pricing that offers new pay-offs to investors. The book also covers a selection of empirical studies corroborating financial innovation theories. It also exposes myths surrounding performance evaluation models. This book is presented in six chapters. The first chapter outlines important considerations on the application of financial innovation theories. The second chapter presents the theories that underpin financial innovation practice. The third chapter focuses on use of technology for financial modeling. The fourth chapter identifies the relationship between financial innovation and the wider economic system. The fifth chapter discusses the place of financial innovation in the global financial system. The sixth and final chapter presents a comparative analysis of India and the United States.
Book Synopsis Money Stock Control and Inflation Targeting in Germany by : Claus Brand
Download or read book Money Stock Control and Inflation Targeting in Germany written by Claus Brand and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.1 Intermediate strategies for monetary policy The launch of a single European currency in January 1999 has been sparking a heated debate over what strategy the European Central Bank's policy should be based on so as to distribute and maintain monetary stability in Europe. In order to pass the Bundesbank's reputation as a tough inflation fighter on to the European Central Bank there have been strong efforts to make the ECB a close copy of the Bundesbank. It might be surmised that there will be a lot of similarities in its intermediate strategies. Among other indicators, the ECB's policy will be based on the growth rate of a broad monetary aggregate consistent with its definition of price stability. As a key instrument in the new central bank's instruments, REPO operations will constitute the main refinancing source of private banks and, in addition, minimum reserve requirements have been introduced to facilitate the authority's command over the banking sector's liquidity by means of stabilising the demand for central bank money. After having introduced monetary targeting in the 1970s, in the 1980s, the Bank of England and the Fed soon abandoned it again, because of distor tions from financial innovations and currency substitution. But the Bundes bank strongly defended its intermediate strategy of monetary targeting and advocated its implementation in the European System of Central Banks.
Book Synopsis A Framework for Analysing the Process of Financial Innovation by : Allen B. Frankel
Download or read book A Framework for Analysing the Process of Financial Innovation written by Allen B. Frankel and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money, the Financial System, and Monetary Policy by : Thomas F. Cargill
Download or read book Money, the Financial System, and Monetary Policy written by Thomas F. Cargill and published by . This book was released on 1983 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides coverage of a wide range of financial issues, especially deregulation, financial innovation, deposit insurance and the thrift problem. Retaining the easy-to-read format of previous editions, the fourth edition has been extensively updated and takes a policy rather than a theoretical orientation.
Book Synopsis Financial Innovation, Monetary Aggregates and Monetary Policy in Switzerland and the UK. by : Andrew William Mullineux
Download or read book Financial Innovation, Monetary Aggregates and Monetary Policy in Switzerland and the UK. written by Andrew William Mullineux and published by . This book was released on 1995 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary Innovation and Monetary Control by : Carl Melvin Gambs
Download or read book Monetary Innovation and Monetary Control written by Carl Melvin Gambs and published by . This book was released on 1975 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reflections on Money by : David T. Llewellyn
Download or read book Reflections on Money written by David T. Llewellyn and published by Springer. This book was released on 1989-12-22 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a series of sometimes controversial reflections on money and the conduct of monetary policy by eight distinguished economic analysts and practitioners.
Book Synopsis Financial Innovation and Monetary Policy in the UK by : A. W. Mullineux
Download or read book Financial Innovation and Monetary Policy in the UK written by A. W. Mullineux and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Innovation and the Money Supply by : T. M. Podolski
Download or read book Financial Innovation and the Money Supply written by T. M. Podolski and published by Wiley-Blackwell. This book was released on 1986 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation written by and published by . This book was released on 1984 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
