CE91 - MexDer
... Trading hours for the 91-Day Cetes Futures Contract will be Bank Business Days from 7:30 to 14:00 hours, Mexico City time. Also, trading hours will be understood to include the period for trading at Daily Settlement Price and auctions convened by MexDer in accordance with provisions of point (IV.3.d ...
... Trading hours for the 91-Day Cetes Futures Contract will be Bank Business Days from 7:30 to 14:00 hours, Mexico City time. Also, trading hours will be understood to include the period for trading at Daily Settlement Price and auctions convened by MexDer in accordance with provisions of point (IV.3.d ...
1 | Page WESTERN UNION® MONEY TRANSFERSM SERVICE IS
... transfers may be paid to accounts. All cash payments are subject to availability, receivers showing documentary evidence of their identity and providing all details about the money transfer required by Western Union, including sender’s and receiver’s names, country of origin, approximate sum, MTCN a ...
... transfers may be paid to accounts. All cash payments are subject to availability, receivers showing documentary evidence of their identity and providing all details about the money transfer required by Western Union, including sender’s and receiver’s names, country of origin, approximate sum, MTCN a ...
Monetary Policy with Head Winds: Issues and Trade-offs
... Note: Previous recession periods are: Argentina (1998.Q4 – 2002.Q2); Brazil (1997.Q4 – 1998.Q2); Chile (1998.Q3 – 1999.Q4); Colombia (1998.Q3 – 1999.Q4); Mexico (1995.Q1 – 1996.Q1), and Peru (1997.Q2 – 1999.Q1). Current recession periods are: Argentina (2008.Q3 – 2009.Q2); Brazil (2008.Q4 – 2009.Q2) ...
... Note: Previous recession periods are: Argentina (1998.Q4 – 2002.Q2); Brazil (1997.Q4 – 1998.Q2); Chile (1998.Q3 – 1999.Q4); Colombia (1998.Q3 – 1999.Q4); Mexico (1995.Q1 – 1996.Q1), and Peru (1997.Q2 – 1999.Q1). Current recession periods are: Argentina (2008.Q3 – 2009.Q2); Brazil (2008.Q4 – 2009.Q2) ...
Juha Tervala Learning by Devaluating
... emphasises supply-side effects that come from the presence of technical progress through learning by doing (LBD). 1 He argues that “[i]f the level of total factor productivity depends on past levels of output, then a fall in output today, due to, say, a loss in competitiveness, will lower productivi ...
... emphasises supply-side effects that come from the presence of technical progress through learning by doing (LBD). 1 He argues that “[i]f the level of total factor productivity depends on past levels of output, then a fall in output today, due to, say, a loss in competitiveness, will lower productivi ...
Inflation Targeting
... targeting or money-growth targeting. No country has so far abandoned inflation targeting after adopting it, or even expressed any regrets. For both industrial and non-industrial countries, inflation targeting has proved to be a most flexible and resilient monetarypolicy regime, and has succeeded in ...
... targeting or money-growth targeting. No country has so far abandoned inflation targeting after adopting it, or even expressed any regrets. For both industrial and non-industrial countries, inflation targeting has proved to be a most flexible and resilient monetarypolicy regime, and has succeeded in ...
The Collapse of the Bretton Woods Fixed Exchange Rate System
... in the figure, the Gold Pool was successful until March 1968, when it ceased operations after selling $3 billion of gold since the previous November, with $400 million of gold sold on 14 March alone. Of this amount, the United States expended $2.2 billion in gold, and both the U.S. and the U.K. gold ...
... in the figure, the Gold Pool was successful until March 1968, when it ceased operations after selling $3 billion of gold since the previous November, with $400 million of gold sold on 14 March alone. Of this amount, the United States expended $2.2 billion in gold, and both the U.S. and the U.K. gold ...
DETERMINANTS OF SHARE PRICES AT KARACHI STOCK
... share prices will increases by Rs.1.168. The hypothesis with respect to GDP is accepted which is evident from the low P-value at 99% confidence level. During the period under consideration GDP has registered extraordinary growth. Pakistan was regarded as the 3rd best growing economy of Asia after Ch ...
... share prices will increases by Rs.1.168. The hypothesis with respect to GDP is accepted which is evident from the low P-value at 99% confidence level. During the period under consideration GDP has registered extraordinary growth. Pakistan was regarded as the 3rd best growing economy of Asia after Ch ...
The Gold Standard, Bretton Woods and Other Monetary Regimes: A
... to pt-event governments from following discre, ...
... to pt-event governments from following discre, ...
Reparations, Deficits, and Debt Default: The Great Depression in
... only be protected for up to one year, after which reparation transfers would regain seniority. Reparation annuities were to decrease only marginally, but a new stabilization loan was to be floated ...
... only be protected for up to one year, after which reparation transfers would regain seniority. Reparation annuities were to decrease only marginally, but a new stabilization loan was to be floated ...
N 163
... only be protected for up to one year, after which reparation transfers would regain seniority. Reparation annuities were to decrease only marginally, but a new stabilization loan was to be floated ...
... only be protected for up to one year, after which reparation transfers would regain seniority. Reparation annuities were to decrease only marginally, but a new stabilization loan was to be floated ...
The Short–Term Economic Impact of Leaving the EU
... variables (see Stock and Watson, 2002). Each data series is stationary and each has been normalised prior to extracting principal components. This extracted series is our measure of uncertainty. Figure 2 shows the evolution of our measure of economic uncertainty over time. Uncertainty, according to ...
... variables (see Stock and Watson, 2002). Each data series is stationary and each has been normalised prior to extracting principal components. This extracted series is our measure of uncertainty. Figure 2 shows the evolution of our measure of economic uncertainty over time. Uncertainty, according to ...
PDF
... the details of goods markets and the purchasing power parity in exchange rate determination. A general feature of the theoretical model is that agricultural prices and the exchange rate will overshoot. A monetary expansion reduces interest rates and leads to the anticipation of a depreciated currenc ...
... the details of goods markets and the purchasing power parity in exchange rate determination. A general feature of the theoretical model is that agricultural prices and the exchange rate will overshoot. A monetary expansion reduces interest rates and leads to the anticipation of a depreciated currenc ...
The Yugoslav Hyperinflation of 1992-1994
... Alternatively, a government can finance an unsustainable and increasing deficit by printing money only when seigniorage is larger than the inflation tax. However, this can occur only if real money holdings are increasing and consequently inflation is decreasing, i.e., in a state of deflation instead ...
... Alternatively, a government can finance an unsustainable and increasing deficit by printing money only when seigniorage is larger than the inflation tax. However, this can occur only if real money holdings are increasing and consequently inflation is decreasing, i.e., in a state of deflation instead ...
Capítulo 3
... Since the influential study by John B. Taylor (1993), interest rate rules have been commonly used to describe the behavior of monetary policy. In Brazil, these policy rules have been estimated by several authors in order to assess the Central Bank’s response to macroeconomic variables (such as infla ...
... Since the influential study by John B. Taylor (1993), interest rate rules have been commonly used to describe the behavior of monetary policy. In Brazil, these policy rules have been estimated by several authors in order to assess the Central Bank’s response to macroeconomic variables (such as infla ...
PDF
... One of the important responses to a mining boom is the exchange rate. In turn, changes in the exchange rate drive some of the structural adjustment of the rest of the economy to a mining boom. The response of the exchange rate is likely to vary over different phases of the boom, with stages for the ...
... One of the important responses to a mining boom is the exchange rate. In turn, changes in the exchange rate drive some of the structural adjustment of the rest of the economy to a mining boom. The response of the exchange rate is likely to vary over different phases of the boom, with stages for the ...
50 The LC Gupta Committee Report: Some Observations
... The Report Revisited At the outset, let us take a look at the institutional requirements that can be deemed important for smooth functioning of derivatives markets when the product concerned is stock index futures contracts. As discussed in Bhaumik (1998), effective enforcement of margin requiremen ...
... The Report Revisited At the outset, let us take a look at the institutional requirements that can be deemed important for smooth functioning of derivatives markets when the product concerned is stock index futures contracts. As discussed in Bhaumik (1998), effective enforcement of margin requiremen ...
1 The Fundamental Determinants of International Competitiveness
... raising the standard of living of its citizens by way of sustained growth in income and employment, and doing so without running into balance of payment difficulties. The OECD Program on Technology and the Economy (1992) defines competitiveness as “the degree to which, under open market conditions, ...
... raising the standard of living of its citizens by way of sustained growth in income and employment, and doing so without running into balance of payment difficulties. The OECD Program on Technology and the Economy (1992) defines competitiveness as “the degree to which, under open market conditions, ...
Social Time Preference and the Consumption- Growth Trade-off O'Connell Social Time Preference
... attention than is possible in a single short essay. It is not only policy-makers who can be accused of myopic concentration on single period analyses. Some eminent economists, notably Ramsey and Harrod (see Jones, 1975), have disputed whether future consumption should be discounted at all. This view ...
... attention than is possible in a single short essay. It is not only policy-makers who can be accused of myopic concentration on single period analyses. Some eminent economists, notably Ramsey and Harrod (see Jones, 1975), have disputed whether future consumption should be discounted at all. This view ...
original article in English
... its budget, with no margin for manoeuvre to stimulate economic activity with expansionary fiscal policies. Although significant structural reforms have recently been approved, i.e. labour market and financial system reforms, these may take some time to produce complete results. In addition, Spain canno ...
... its budget, with no margin for manoeuvre to stimulate economic activity with expansionary fiscal policies. Although significant structural reforms have recently been approved, i.e. labour market and financial system reforms, these may take some time to produce complete results. In addition, Spain canno ...
PDF
... Depression of the 1930s. The three main sources of growth were: labor input supported mainly through large European migration inflows; capital input supported by large inflows of foreign direct investment (FDI) and investment loans from Europe (mainly from Great Britain and the United States); and a ...
... Depression of the 1930s. The three main sources of growth were: labor input supported mainly through large European migration inflows; capital input supported by large inflows of foreign direct investment (FDI) and investment loans from Europe (mainly from Great Britain and the United States); and a ...
The effects of asymmetric information between borrowers and Iris Claus
... Households pay taxes on their wage and rental incomes. For simplicity, households’ interest and dividend incomes and capital gains from exchange rate and capital price movements are not taxed. The tax rate imposed by the government is given by τ . The typical household’s budget constraint is thus gi ...
... Households pay taxes on their wage and rental incomes. For simplicity, households’ interest and dividend incomes and capital gains from exchange rate and capital price movements are not taxed. The tax rate imposed by the government is given by τ . The typical household’s budget constraint is thus gi ...
NBER WORKING PAPER SERIES MONEIARY POLICY SIRATEGIES Robert Flood Peter Isard
... The oil price shocks in ...
... The oil price shocks in ...
Review - CEPAL
... Although the terms of trade of most Latin American countries decreased steadily over the course of the 1920s in the wake of the gradual deflation of world price levels and the build-up of massive stocks of primary products following the spectacular rise in international prices (especially of commodi ...
... Although the terms of trade of most Latin American countries decreased steadily over the course of the 1920s in the wake of the gradual deflation of world price levels and the build-up of massive stocks of primary products following the spectacular rise in international prices (especially of commodi ...
mmi13 Bhattacharyay 19074769 en
... markets, was underdeveloped and their sizes were quite small. Furthermore, the de facto peg of these economies’ currencies to the US dollar minimized currency risks for both borrowers and lenders. This encouraged local borrowers to take on foreign currency denominated loans as currency risks were de ...
... markets, was underdeveloped and their sizes were quite small. Furthermore, the de facto peg of these economies’ currencies to the US dollar minimized currency risks for both borrowers and lenders. This encouraged local borrowers to take on foreign currency denominated loans as currency risks were de ...