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1 - 10 van 13 voor monetary transmission
impact bank competition interest rate pass through euro area pdf
... monetary policy implications, as they suggest that measures to enhance competition in the european banking sector will tend to render the monetary policy transmission mechanism more effective. key words monetary transmission, ... 13 2.1 measuring competition 13 2.2 relationship between competition and monetary transmission boone indicator as measure of competition interest rate pass-through model 23 ...
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linkages between financial and real sector economy pdf
... transmission channels may have changed, financial innovations (e.g. securitization), changes in monetary policy conduct, and structural changes in the non-financial sectors. boivin et al. (2010) conclude that changes in the monetary transmission ...
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Microsoft Word - discussion55.doc
... some time. because interest rates were essentially the only modelled transmission mechanism from the monetary to the real sphere, the extended monetary submodel was replaced by a very simple equation, in ... as well as interest rates. incidentally, the removal of the monetary bloc from the national model did not make the monetary transmission mechanisms any less important. on the contrary, the impact ...
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Microsoft Word - discussion164.doc
... 1990s international private capital inflows have rapidly increased, raising financial vulnerability and the transmission of financial crises. to test whether banking sector risk is related to sudden ... e., 2002. does deposit insurance increase banking system stability? an empirical investigation. journal of monetary economics demirguec-kunt, a., detragiache, e., 2010. basel core principles and bank ...
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G:\data\pdf\lijesen\disc16.wpd [PFP#1221338023]
... .8 we define utility to be measured in monetary units, in order to be able to extract ... transmission grid directly (see figure 2.1), they do not pay a standing charge for transmission access. very large users have to pay such a standing charge, whereas the per unit transmission ... 9) and similarly for a transmission company. note that small users are also clients of the transmission company, as figure 2 ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... the level ground out by the real side of the economy and thus independent of monetary policy. he mentioned an economy's institutional arrangements in particular as a determinant of equilibrium ... . given the estimated substitution elasticity of 0.32 (see section 2.1.2) this additional transmission channel is fairly effective. given the estimated equations in section 2.1.2 and 2 ...
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impact social capital crime pdf
... due to formal institutions (zucker, 1986; ace- moglu et al., 2001) or due to intergenerational transmission of values and attitudes (dohmen et al., 2006; tabellini, 2008b).9 our estimates show ... been shown that the contributions increase with the size of the gift (falk, 2004). however, monetary compensations for donating blood may crowd out blood donations (titmuss, 1970; mellstrom and johannesson, ...
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macroeconomic resilience dsge model pdf
... of the ability to recover quickly and by talking about transmission mechanisms instead of the ability to withstand shocks. to fully discuss transmission mechanisms and equilibrium mechanisms for all shocks impacting an ... exogenous variables in the vector st. they are the response of the monetary authority to monetary shocks, xm,t, the monetary shock, z ,t, the growth rate of neutral technology, z,t, ...
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memo43.pdf
... delivery, careful billing, also yielding positive utility (ri). we define utility to be measured in monetary units, in order to be able to extract out of pocket expenses. these expenses consist ... organization, vol. 19, pp. 345-73. iea, 2001, project on electricity transmission in oecd countries, energy policy issues in electricity transmission, iea slt(2001)9, iea, paris. laffont, j.j., p. rey ...
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Microsoft Word - Memorandum AFC.doc
... asian financial crisis theory and practice contagion is, broadly defined, the cross-country transmission of shocks. a there are various channels through which these spillover effects can ... stabilise and economies recover comparatively quickly, whilst indonesia, which clearly failed to tighten monetary policy, suffered a sharply deteriorating crisis. moreover, various observers highlight there is ...
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