IB Comment Letter to SEC Opposing New Margin Requirements for
... “pattern day trader”, the new rules will reduce the liquidity and efficiency of the market. Indeed, the rise of cheaper and more sophisticated electronic order routing systems -- like the one Interactive Brokers provides to its customers -- is providing to customers for the first time in history the ...
... “pattern day trader”, the new rules will reduce the liquidity and efficiency of the market. Indeed, the rise of cheaper and more sophisticated electronic order routing systems -- like the one Interactive Brokers provides to its customers -- is providing to customers for the first time in history the ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... price.5 The world real rate of interest, which is determined by conditions in the rest of the world, is thus virtually independent of what goes on in the domestic economy. A positive anticipated rate of domestic inflation would lead to a domestic money rate of interest in excess of the world real ra ...
... price.5 The world real rate of interest, which is determined by conditions in the rest of the world, is thus virtually independent of what goes on in the domestic economy. A positive anticipated rate of domestic inflation would lead to a domestic money rate of interest in excess of the world real ra ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Such a reduction in government expenditure can in the context of developing economies lead to unemployment, reduction in investment and social services, and general deflation (www.swan.ac.uk/economics/cware/ec312...) On the other hand, there is hardly any developed capital market in developing depen ...
... Such a reduction in government expenditure can in the context of developing economies lead to unemployment, reduction in investment and social services, and general deflation (www.swan.ac.uk/economics/cware/ec312...) On the other hand, there is hardly any developed capital market in developing depen ...
Simplest Dynamic General-Equilibrium Model of an
... only three goods: imports, exports, and a domestic good. As has been shown elsewhere in the context of a static model (Devarajan et al., 1990), this is the minimal number of goods required to capture the salient aspects of an open economy. Yet, this threegood model anticipates qualitatively the resu ...
... only three goods: imports, exports, and a domestic good. As has been shown elsewhere in the context of a static model (Devarajan et al., 1990), this is the minimal number of goods required to capture the salient aspects of an open economy. Yet, this threegood model anticipates qualitatively the resu ...
... when the money supply increases. This type of adjustment to imperfectly anticipated shocks is impossible in the sticky—price setting, but it is still true that, after the initial announcement, price evolve smoothly. In particular, the exchange rate cannot jump when the expected money increase takes ...
Should Financial Stability Be An Explicit Central Bank Objective?
... characterized by these three basic criteria: (1) some important set of financial asset prices seem to have diverged sharply from fundamentals; and/or (2) market functioning and credit availability, domestically and perhaps internationally, have been significantly distorted; with the result that (3) ...
... characterized by these three basic criteria: (1) some important set of financial asset prices seem to have diverged sharply from fundamentals; and/or (2) market functioning and credit availability, domestically and perhaps internationally, have been significantly distorted; with the result that (3) ...
national bank of romania
... Disinflation progress over the past few years has led to the strengthening of NBR credibility ...
... Disinflation progress over the past few years has led to the strengthening of NBR credibility ...
external vulnerabilities and economic integration: is the union of
... economies do not converge economically. Nevertheless, economic and political aspects must go hand in hand for such an integration project to succeed. This study assesses the UNASUR project from an economic integration perspective. It focuses on how external shocks influence member economies from the ...
... economies do not converge economically. Nevertheless, economic and political aspects must go hand in hand for such an integration project to succeed. This study assesses the UNASUR project from an economic integration perspective. It focuses on how external shocks influence member economies from the ...
foreign exchange risk
... transaction exposure translation exposure Foreign currency fluctuations are one of the key sources of risk in multinational operations. Consider the case of Dell Inc., which operates assembly plants for its computers within the United States as well as in Ireland, Malaysia, China, and Brazil; runs o ...
... transaction exposure translation exposure Foreign currency fluctuations are one of the key sources of risk in multinational operations. Consider the case of Dell Inc., which operates assembly plants for its computers within the United States as well as in Ireland, Malaysia, China, and Brazil; runs o ...
PRICING & QUOTE - GIZ Global Campus 21
... This is based on the actual or anticipated behaviour of competitors. Exporters would peg their price to that of their competitors. The main forms are: going rate pricing and sealed bid pricing. Going rate pricing = The price is determined by market leaders who know what price the market will bear Se ...
... This is based on the actual or anticipated behaviour of competitors. Exporters would peg their price to that of their competitors. The main forms are: going rate pricing and sealed bid pricing. Going rate pricing = The price is determined by market leaders who know what price the market will bear Se ...
COM SEC(2007)
... Member States, following several years of successful adjustment efforts to achieve a high degree of sustainable convergence. The decision1 by the Council (meeting in the composition of the Heads of State or Government) on 3 May 1998 in Brussels on the eleven Member States deemed ready to participate ...
... Member States, following several years of successful adjustment efforts to achieve a high degree of sustainable convergence. The decision1 by the Council (meeting in the composition of the Heads of State or Government) on 3 May 1998 in Brussels on the eleven Member States deemed ready to participate ...
43_THE READER2004
... macroeconomic shocks to output, exports, prices and the terms of trade, asset price booms and inappropriate monetary and exchange rate policies, all resulted in financial pressures and contributed to crises in financial systems that are inherently fragile (Davies, 1999). The shocks can emanate from ...
... macroeconomic shocks to output, exports, prices and the terms of trade, asset price booms and inappropriate monetary and exchange rate policies, all resulted in financial pressures and contributed to crises in financial systems that are inherently fragile (Davies, 1999). The shocks can emanate from ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... in this model. Prior to the crisis, capital inflows rise in proportion to domestic production under constant returns to accumulable factors of production. Investment may or may not rise as a ratio of output. The model also predicts that the total equity value of the banking sector will be decreasing ...
... in this model. Prior to the crisis, capital inflows rise in proportion to domestic production under constant returns to accumulable factors of production. Investment may or may not rise as a ratio of output. The model also predicts that the total equity value of the banking sector will be decreasing ...
INTEREST RATES AND INFLATION IN THE LEONTIEF
... taken as definitions. They are simply the result of theoretical considerations. In these one can find out the natural rate only after the event. Furthermore it may not give a unique natural rate, if there is price stability for a range of interest. And as realised by Thornton before, if there is une ...
... taken as definitions. They are simply the result of theoretical considerations. In these one can find out the natural rate only after the event. Furthermore it may not give a unique natural rate, if there is price stability for a range of interest. And as realised by Thornton before, if there is une ...
NBER WORKING PAPER SERIES THE SIMPLE GEOMETRY OF TRANSMISSION AND STABILIZATION
... in production, so that marginal costs are labor costs per unit of product, i.e. the wage rate (here denoted by W ) divided by labor productivity Z. The markup charged by the …rm is a function of its monopoly power in the product market, which, in itself, is a function of the …rm variety’s substituta ...
... in production, so that marginal costs are labor costs per unit of product, i.e. the wage rate (here denoted by W ) divided by labor productivity Z. The markup charged by the …rm is a function of its monopoly power in the product market, which, in itself, is a function of the …rm variety’s substituta ...
Can Foreign Exchange Intervention Stem Exchange Rate Pressures
... From an empirical perspective, estimating the effect of (sterilized) intervention on the exchange rate has been a major methodological challenge for the literature, as the decision to intervene is often driven by contemporaneous exchange rate developments, and is thus endogenous. See, for example, t ...
... From an empirical perspective, estimating the effect of (sterilized) intervention on the exchange rate has been a major methodological challenge for the literature, as the decision to intervene is often driven by contemporaneous exchange rate developments, and is thus endogenous. See, for example, t ...
NBER WORKING PAPER SERIES THE NEED FOR INTERNATIONAL POLICY COORDINATION:
... -3based. As we shall see, there is a stabilization goal for monetary policy embedded in the household utility functions, but there is no separate inflation goal. However, we shall also see that the Workhorse Model focuses on stabilization of consumption, rather than employment. And oddly enough, in ...
... -3based. As we shall see, there is a stabilization goal for monetary policy embedded in the household utility functions, but there is no separate inflation goal. However, we shall also see that the Workhorse Model focuses on stabilization of consumption, rather than employment. And oddly enough, in ...
Bulletin Contents Volume 76 No. 2, June 2013
... private sector credit declined sharply with the demand ...
... private sector credit declined sharply with the demand ...
PDF article file - Krungsri Asset Management
... partly processed but will suffice to keep the economy growing stronger than currently shown. In this regards, there is a difficulty to achieve trade protection policies due to some protests, while the US rate rise will not affect the stock market since its adjustment is at super-low level. However, ...
... partly processed but will suffice to keep the economy growing stronger than currently shown. In this regards, there is a difficulty to achieve trade protection policies due to some protests, while the US rate rise will not affect the stock market since its adjustment is at super-low level. However, ...
Business Essentials 6e
... The money that a country pays for imports and receives for exports—its balance of trade—comprises much of its balance of payments ...
... The money that a country pays for imports and receives for exports—its balance of trade—comprises much of its balance of payments ...
central bank interventions, communication and interest rate policy in
... behalf of the government to service FX denominated public debt and because it was selling off the FX reserves accumulated after the markets had calmed down following the speculative run on January 15–16, ...
... behalf of the government to service FX denominated public debt and because it was selling off the FX reserves accumulated after the markets had calmed down following the speculative run on January 15–16, ...