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1 - 10 van 14 voor time spreads
dp175 systemic risk across sectors pdf
... a disadvantage is that most cds spreads are only available since a few years. furthermore, cds spreads are sensitive to changes in ... the indirect exposure that arises from pro-cyclical effects. time-variation in the market sensitivity is taken into account ... risk, kmv llc document, moodys kmv company. giglio, s., 2010, cds spreads and systemic financial risk, phd thesis, harvard university. gomes, m. ...
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impact bank competition interest rate pass through euro area pdf
... loan market competition is stronger, we observe larger bank spreads (that is, lower bank interest rates) on current account and time deposits. lower time deposits rates are confirmed by the estimates of ... is stronger, we observe larger spreads between bank and market interest rates (that is, lower bank interest rates) on current account and time deposits. lower time deposit rates in countries with ...
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india and dutch economy stylised facts and prospects pdf
... century. the welfare gains associated with increased specialisation are potentially large. at the same time, globalisation meets often fierce opposition. perceived massive job losses and drastic sectoral restructuring are ... hindu rate of growth'. this image belongs to the past. india, a country which spreads across a subcontinent, billion people, and has a recorded history going back thousands of ...
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Microsoft Word - cpbdoc91.doc
... view, each country has access to the world technology (a or e). new knowledge immediately spreads around the world without costs. an important prediction of this model is international convergence in ... human capital. the former is often labelled as learning-or-doing (as time devoted to schooling competes with production time), and the latter as learning-by-doing (lucas, 1988). suppose that each ...
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linkages between financial and real sector economy pdf
... not so much for continental europe. using micro data, ludvigson (1999) finds significant evidence for time varying credit constraints applying to u.s. consumers. accelerator probably the first study to ... a structural var approach to identify the responses of economic activity to shocks in yield spreads and find the spread to be a significant counter-cyclical predictor. furthermore, they find ...
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memo144.pdf
... maximum production quantities, estimated from iea (2005a). the magnitude of production capacity will change as time progresses and resources are extracted (lowering capacity), or new fields are developed (raising capacity). ... for more remote production. based on forecasts of future gas prices, and currently observable seasonal spreads in prices (e.g. in the us futures market), we assume costs of 0. ...
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memo227.pdf
... (2005), smets and wouters (2003) and smets and wouters (2007) display time series properties similar to real world data and produce impulse ... shock with less patient households. lower home bias reducing home bias spreads demand more evenly over all varieties. this is achieved by ... homebias steady state technology level a0 0 time discount rate 0,1 1 no time preference capital share 0,1 labour income ...
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memo241.pdf
... aversion, the optimal portfolio composition is then also time-invariant and does not depend on the time horizon of the investor. the time invariance of asset return risk is empirically untenable, ... of variables is able to predict excess stock returns, including price-dividend ratios, term spreads, and proxies for the consumption-wealth ratio. generally, the predictability of stock returns appears ...
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Microsoft Word - Memorandum AFC.doc
... asia, sentiment towards emerging markets turned increasingly pessimistic. this was reflected in wider yield spreads and reduced access to international credit markets. as mentioned, the asian crisis also generated ... ., 2000), in part because most of the speculative outflows had already abated by the time the controls were introduced. the philippines already participated in an imf arrangement at the ...
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Microsoft Word - bijzonder88.doc
... production process. the second characteristic of this piecemeal production process is just-in-time trade in intermediate products and services, for which a stable international environment is ... of supporting tasks. egalitarian ecologies variety and dispersion characterise egalitarian ecologies. economic activity spreads out over medium-sized cities inhabitants) that host medium-sized firms. medium- ...
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