Results 171 to 180 of about 1,975 (257)

Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation

Journal of Money, Credit and Banking, EarlyView.
Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE, SEBASTIAN GIESEN, DANIEL KIENZLER   +2 more
wiley   +1 more source

The nature of phantom dark energy and its relation to time crystals. [PDF]

Sci Rep
Mersini-Houghton L.
europepmc   +1 more source

Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley   +1 more source

Strip cropping shows promising increases in ground beetle community diversity compared to monocultures. [PDF]

Elife
Croijmans L, Cuperus F, van Apeldoorn DF, Bianchi FJJA, Rossing WAH, Poelman EH.   +5 more
europepmc   +1 more source

Banking with Inside Money: An Efficiency Analysis

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO, HUGO RODRÍGUEZ MENDIZÁBAL   +1 more
wiley   +1 more source

Computer-assisted construction of <i>SU</i>(2)-invariant negative Einstein metrics. [PDF]

Ann Glob Anal Geom (Dordr)
Wang QS.
europepmc   +1 more source

Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit, and Global Financial Cycles

The Journal of Finance, EarlyView.
ABSTRACT We show that FX interventions can be effective, particularly in attenuating global financial spillovers. We exploit global financial shocks and Brazilian central bank interventions in FX derivatives using three matched administrative registers: bank credit (to firms), foreign credit to banks, and employer‐employees. After the U.S.
RODRIGO BARBONE GONZALEZ, DMITRY KHAMETSHIN, JOSÉ‐LUIS PEYDRÓ, ANDREA POLO   +3 more
wiley   +1 more source

Linear Stability of the Slowly-Rotating Kerr-de Sitter Family. [PDF]

Ann PDE
Fang AJ.
europepmc   +1 more source

Twin Defaults and Bank Capital Requirements

The Journal of Finance, EarlyView.
ABSTRACT We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to nondiversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside, but significant downside risk of loan portfolio returns.
CATERINA MENDICINO, KALIN NIKOLOV, JUAN RUBIO‐RAMIREZ, JAVIER SUAREZ, DOMINIK SUPERA   +4 more
wiley   +1 more source

Gene-environment-brain topology reveals clinical subtypes of depression in UK Biobank. [PDF]

Sci Rep
Tassi E, Pigoni A, Turtulici N, Colombo F, Fortaner-Uyà L, Bianchi AM, Benedetti F, Fabbri C, Vai B, Brambilla P, Maggioni E.   +10 more
europepmc   +1 more source