Results 91 to 100 of about 1,516,469 (243)
Reserve management and sovereign debt cost in a world with liquidity crises [PDF]
The accumulation of large amount of sovereign reserves has fuelled an intense debate on the associated costs. In a world with liquidity crises and strategic default, we model a contracting game between international lenders and a country, which delivers ...
Emanuele Tarantino, Flavia Corneli
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OPTIMAL INTERNATIONAL RESERVES HOLDINGS IN EMERGING MARKETS ECONOMIES: THE BRAZILIAN CASE [PDF]
This paper discusses the optimal international reserves holding for Brazilian economy. The optimal is determined with the buffer stock (inventory) model, using a time series approach.
Antonio Francisco Silva Jr. +1 more
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Identifying the liquidity effect: the case of nonborrowed reserves [PDF]
Despite the fact that efforts to identify it empirically have largely been futile, the liquidity effect plays a central role in conventional monetary theory and policy. Recently, however, an increasing volume of empirical work [Christiano and Eichenbaum (
Daniel L. Thornton
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FoodsThe effects of an industrial-scale microfluidizer (ISM) on the physicochemical properties and quality of whole-component dehulled foxtail millet slurry were investigated under varying processing pressures (0, 60, 90, and 120 MPa).
Wen Cao +7 more
doaj +1 more source
International Reserves and the Composition of Equity Capital Inflows [PDF]
We study the effect of central banks’ international reserve hoardings on the composition of equity capital inflows, namely the ratio of portfolio equity investment (PEI) to foreign direct investment (FDI).
Andreas Steiner, Xingwang Qian
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Scarce Collateral and Bank Reserves [PDF]
If collateral for bank loans is scarce and as a result access to secured loans is restricted, the allocation of resources is inefficient. Anticipating future borrowing constraints, individuals over-invest in collateralized types of capital, whereas ...
Gregory Gagnon, Miquel Faig
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The impact of paying interest on reserves in the presence of government deficit financing [PDF]
This paper re-examines the impact that paying interest on reserves has on price level indeterminacy, price level volatility, and overall economic well-being. Unlike previous papers which examined these issues, the model developed in this paper allows the
Mark G. Guzman
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EFFECTS OF U.S. INTEREST RATES ON THE REAL EXCHANGE RATE IN MEXICO [PDF]
Using monthly data to bond and equity markets in Mexico from U.S. investors, we search for responses in the vector autoregressions (VARs) - on the real exchange rate and reserves in Mexico - to shocks in U.S. interest rates and to the Mexican M2/Reserves
Andre Mollick
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Foreign reserves’ strategic asset allocation [PDF]
Despite foreign reserves’ strategic asset allocation relies mainly on Modern Portfolio Theory (MPT), the unique characteristics of central banks obliges them to articulate and reconcile typical optimization procedures with reserves’ management objectives
Carlos Léon, Daniel vela
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