Results 11 to 20 of about 1,455,720 (340)
Global monetary policy shocks in the G5: a SVAR approach [PDF]
The paper constructs a global monetary aggregate, namely the sum of the key monetary aggregates of the G5 economies (US, Euro area, Japan, UK, and Canada), and analyses its indicator properties for global output and inflation.
Sousa, Joao Miguel, Zaghini, Andrea
core +1 more source
The introduction of banks that issue money and supply balances and pay out their profis as dividends is the natural modification of the model of general competitive equilibrium that encompasses monetary economies with an operative transactions technology.
DREZE, Jacques, POLEMARCHAKIS, Heracles
openaire +3 more sources
Monetary and Non-monetary Gift Exchange [PDF]
A standard labour contract has two important components, agreed upon wage from principal and efforts that in return is provided by agent. On one hand both principal and agent have full knowledge of wage, while information on provided effort level is always incomplete due to its abstract nature. Principal can only observe output of agent, which is joint
Saima Mahmood, Asad Zaman
openaire +3 more sources
Monetary Union and Central Bank Independence [PDF]
We study the consequences of forming a monetary union among a group of countries where the central banks lack independence and are pressured frequently to accommodate government objectives. This is a common situation in the developing countries. As it is
Neven T. Valev, Steven Buigut
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The Day After Tomorrow: Designing an Optimal Fiscal Strategy for Libya
Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten ...
Carlos Caceres+3 more
doaj +1 more source
Transparency of Monetary Policy: Theory and Practice [PDF]
Transparency has become one of the main features of monetary policymaking during the last decade. This paper establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency around the world.
Geraats, Petra M.
core +2 more sources
Can Fintech Foster Competition in the Banking System in Latin America and the Caribbean?
This paper revisits the competitive environment of the banking system in Latin America and the Caribbean and investigates the early impact of fintech development in the region thus far. Against the backdrop of high net interest margins (NIMs) and limited
Pablo Bejar+5 more
doaj
Assessing Countries’ Financial Inclusion Standing – A New Composite Index
This paper leverages the IMF’s Financial Access Survey (FAS) database to construct a new composite index of financial inclusion. The topic of financial inclusion has gathered significant attention in recent years. Various initiatives have been undertaken
André Mialou+2 more
doaj +1 more source
The role of asymmetry in the interplay between internal and external factors: Empirical evidence from the US, Brazil, Canada and Mexico [PDF]
In this study, the real economic activity and monetary policy in the US are examined in comparison with the foreign trade balance and exchange rates, using Qual VAR and nonlinear VAR models.
Kaya Tokmakcioglu+2 more
doaj +1 more source
Fiscal federalism and regional performance in Russia
Sound regional policies are essential for balanced and sustained economic growth. The interaction of federal and regional policies with cross-regional structural differences affects human and physical capital formation, the business climate, private ...
Gabriel Di Bella+2 more
doaj +3 more sources