Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Last searches

Results for *

Displaying results 1 to 23 of 23.

  1. Real interest policy and the housing cycle
    Author: Eden, Bejamin
    Published: August 24, 2018
    Publisher:  Vanderbilt University, Department of Economics, Nashville, TN

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Vanderbilt University Department of Economics working papers ; 18, 00006
    Subjects: Housing-cycles; Interest Rate; Bubbles; Government loans
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  2. The foreign exchange market with the cryptocurrency and "Kimchi Premium"
    Author: Oh, Jeong Hun
    Published: 2018
    Publisher:  International Telecommunications Society, Seoul

    This paper explores the remarkable roles of exchange rates when a cryptocurrency is adopted and commonly used as another type of foreign currency in the international economy. First, in order to examine its movement, we describe the price of a... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DSM 99
    Inter-library loan:
    No inter-library loan

     

    This paper explores the remarkable roles of exchange rates when a cryptocurrency is adopted and commonly used as another type of foreign currency in the international economy. First, in order to examine its movement, we describe the price of a cryptocurrency as the relative price in terms of a standard currency using the exchange rate formula. Second, we identify three determinants of the "Kimchi premium" from the equilibrium condition in the foreign exchange market: the gaps in the rates of return of the cryptocurrency, the interest rates of the standard currencies, and the expected cryptocurrency exchange rates. Finally, using the money market and the foreign exchange market rationalities, we demonstrate the process that the new cryptocurrency in a country can cause a rise in the money supply, a fall in the interest rate, and a rise in the exchange rate in the end.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/190386
    Series: Beyond the boundaries : challenges for business, policy and society : The 22nd Biennial Conference of the International Telecommunications Society, Seoul, Korea, 24th - 27th June 2018
    Subjects: Cryptocurrency; "Kimchi premium," Exchange rate; Interest Rate
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  3. Iowa State University land value survey
    2021 / Wendong Zhang
    Author: Zhang, Wendong
    Published: [2021]
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; WP 629 (December 2021)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Real Estate; Commodity Prices; Expert Opinion Survey; Agricultural Trade; Inflation
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  4. Do fiscal policy news shocks affect JGB yield?
    evidence from COVID-19
    Author: Hattori, Takahiro; Katano, Motoki
    Published: December 2020
    Publisher:  Research Department, Policy Research Institute, MOF, Tokyo, Japan

    Access:
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Rechte
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: PRI discussion paper series ; no. 20A, 15
    Subjects: Budget Deficit; Japanese Government Bond; Interest Rate; Fiscal News; COVID-19
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  5. Lending rate behavior in Bangladesh
    some facts and determinants
    Author: Younus, Sayera; Akhtaruzzaman, Md.; Islam, Touhidul; Islam, Sirajul
    Published: August 2020
    Publisher:  Bangladesh Bank, [Dhaka]

    Access:
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Rechte
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Bangladesh Bank ; WP no. 20, 03
    Subjects: Interest Rate; Money and Credit; and Non-Performing Loans (NPLs)
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  6. Do minorities pay more for mortgages?
    Author: Bhutta, Neil; Hizmo, Aurel
    Published: October, 2019
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 412
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Finance and economics discussion series ; 2020, 007
    Subjects: Discrimination; Fair Lending; Mortgage; Points; Interest Rate; FHA; Consumer Protection; High-Cost Mortgage
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  7. A note concerning government bond yields
    Author: Akram, Tanweer
    Published: November 2020
    Publisher:  Levy Economics Institute, Annandale-on-Hudson, NY

    This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 88
    Inter-library loan:
    No inter-library loan

     

    This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the long-term interest rate on government bonds and the shape of the yield curve mainly through the short-term interest rate. Investors' psychology, herding behavior in financial markets, and uncertainty about the future reinforce the effects of the short-term interest rate and the central bank's monetary policy actions on the long-term interest rate. Several recent empirical studies that examine the dynamics of government bond yields substantiate the Keynesian perspective that the long-term interest rate responds markedly to the short-term interest rate. These empirical studies not only vindicate the Keynesian perspective but also have relevance for macroeconomic theory and policy.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/238667
    Series: Working paper / Levy Economics Institute of Bard College ; no. 977
    Subjects: Money; State Theory of Money; Chartalism; Monetary Theory; Central Bank; Government Bond Yields; Interest Rate; John Maynard Keynes
    Scope: 1 Online-Ressource (circa 28 Seiten)
  8. Iowa State University land value survey
    2018 / Wendong Zhang
    Author: Zhang, Wendong
    Published: December 2018
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; 18-586 (December 2018)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Commodity Prices; Expert Opinion Survey
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  9. Iowa State University land value survey
    2018 / Wendong Zhang
    Author: Zhang, Wendong
    Published: December 2019
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; 19-597 (December 2019)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Commodity Prices; Expert Opinion Survey; Agricultural Trade
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  10. Iowa State University land value survey
    2018 / Wendong Zhang
    Author: Zhang, Wendong
    Published: December 2020
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; WP 613 (20)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Commodity Prices; Expert Opinion Survey; Agricultural Trade
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  11. Cartel stability in times of low interest rates
    Author: Lenhard, Severin
    Published: [2021]
    Publisher:  Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics, Bern, Switzerland

    We study the interest rate's effect on the stability of cartels. A low interest rate implies a high discount factor and thus increases cartel stability. If firms access the capital market, an additional effect comes into play: a low interest rate... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 182
    Inter-library loan:
    No inter-library loan

     

    We study the interest rate's effect on the stability of cartels. A low interest rate implies a high discount factor and thus increases cartel stability. If firms access the capital market, an additional effect comes into play: a low interest rate lowers investment costs, resulting in more profitable deviations from the collusive agreement. We propose a new measure for a cartel's stability regarding the two opposing effects. Stability is U-shaped in the interest rate. We test our theory using a dataset of 615 firms and find supporting evidence. We conclude that the current unusually low interest rate facilitates collusion.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/242855
    Edition: Version: March 2021
    Series: Discussion papers / Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics ; 21, 04 (March, 2021)
    Subjects: Collusion; Interest Rate; Repeated Game; Survival Analysis
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  12. Revisiting the role of fiscal policy in determining interest rates in India
    Author: Mohanty, Ranjan Kumar; Bhanumurthy, N. R.
    Published: [2020]
    Publisher:  National Institute of Public Finance and Policy, New Delhi

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 795
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NIPFP working paper series ; no. 296 (10-February-2020)
    Subjects: Fiscal Deficit; Interest Rate; Structural Vector Autoregression (SVAR); India
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  13. The impacts of interest rate changes on US Midwest farmland values
    Author: Basha, Albulena; Zhang, Wendong; Hart, Chad E.
    Published: [2021]
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Center for Agricultural and Rural Development ; 21-614 (January 2021)
    Subjects: Farmland; Interest Rate; Federal Reserve; Autoregressive Distributed Lag Model; Federal Funds Rate; Land Value
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  14. South Africa's yield curve conundrum
    Author: Erasmus, Ruan; Steenkamp, Daan
    Published: [2022]
    Publisher:  [Economic Research Southern Africa], [Cape Town]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Nicht speichern
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion document / Ersa, Economic Research Southern Africa ; 07 (November 2022)
    Subjects: Emerging Economies; Interest Rate; South Africa; Sovereign Credit; Yield Curve
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  15. Dealing with debt
    less risk for more growth in Latin America and the Caribbean
    Contributor: Powell, Andrew (HerausgeberIn); Valencia, Oscar M. (HerausgeberIn)
    Published: [2023]
    Publisher:  Inter-American Development Bank, [Washington, DC]

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSM
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Contributor: Powell, Andrew (HerausgeberIn); Valencia, Oscar M. (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781597825306
    Other identifier:
    hdl: 11159/15909
    Series: Development in the Americas
    Subjects: Economy; Gross Domestic Product; Financial Bond; Bank Loan; Monetary Policy; Macroeconomy; Public Debt; Investment; Interest Rate; Pandemic; Coronavirus; Fiscal Policy; Debt Management; Liquidity; Small Business; Finance; Public Debt Management
    Scope: 1 Online-Ressource (circa 399 Seiten), Illustrationen
  16. Housing and the secular decline in real interest rates
    Author: Knell, Markus
    Published: [2023]
    Publisher:  OeNB, Oesterreichische Nationalbank, Vienna, Austria

    In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real interest rate within a continuous-time overlapping generations model that incorporates a realistic demographic structure and households... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 821
    Inter-library loan:
    No inter-library loan

     

    In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real interest rate within a continuous-time overlapping generations model that incorporates a realistic demographic structure and households that save for life-cycle and bequest reasons. The benchmark model contains three groups of dwellers: renters, homeowners with mortgages and outright owners. The latter group is assumed to inherit their dwellings, to use them as lifelong residences and to bequest them to their descendants. In addition there is also the group of the top 1% who are assumed to have higher incomes and stronger bequest motives. The calibrated model predicts a decline in the equilibrium real interest rate between 1980 and 2018 of almost 4 percentage points (pp), an increase in the wealth-to-income ratio of almost 250 pp and an increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical observations. In addition, the results of the model also align with other empirical regularities, like the mute response in the capital-to-income ratio, the trend in inheritance flows and the proliferation of mortgages. The paper closes with a discussion of why the assumptions about the behavior of outright owners are crucial for capturing these developments.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283471
    Series: Working paper / Oesterreichische Nationalbank ; 251
    Subjects: Housing; Wealth; Interest Rate; Saving
    Scope: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  17. Iowa State University land value survey
    2023 / Rabail Chandio
    Author: Chandio, Rabail
    Published: [2023]
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; 23-WP 65 (December 2023)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Real Estate; Commodity Prices; Expert Opinion Survey; Agricultural Trade; Inflation
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  18. Banking sector, distributive conflict, and monetary theory of distribution
    Author: Zolea, Riccardo
    Published: August 2023
    Publisher:  Levy Economics Institute, Annandale-on-Hudson, NY

    This paper analyzes the implications of distributional contrast for the monetary theory of distribution. The first step is to try to introduce the banking sector within Pivetti's monetary distribution theory approach. Pivetti in fact does not analyze... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 88
    Inter-library loan:
    No inter-library loan

     

    This paper analyzes the implications of distributional contrast for the monetary theory of distribution. The first step is to try to introduce the banking sector within Pivetti's monetary distribution theory approach. Pivetti in fact does not analyze the links between the central bank and the banking sector. It therefore seems interesting to study what role the banking sector and the financial capitalists play in this framework. Thus, an attempt is made to model the banking sector and its links to the production sector within the framework of Pivetti's approach. As this integration does not present any particular theoretical problems, the paper discusses then the ability of the aforementioned approach to explain the coexistence of nearzero (if not negative) interest rates and low real wages. The difficulty in explaining this economic phenomenon opens the way to a more general discussion of the dynamics inherent in the contrast between workers and capitalists and between financial and productive capitalists. Thus, the analysis shows that six different distributional configurations are possible (plus two others that are unstable or unrealistic), of which only two can be explained through Pivetti's monetary theory of distribution. The other four can be explained by elaborating more recent approaches that continue, enrich and develop Marx's approach.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283217
    Series: Working paper / Levy Economics Institute of Bard College ; no. 1026
    Subjects: Interest Rate; Profit Rate; Distribution; Sraffian Approach
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  19. Iowa State University land value survey
    2022 / Wendong Zhang
    Author: Zhang, Wendong
    Published: [2022]
    Publisher:  Center for Agricultural and Rural Development, Ames, Iowa

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 318
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Parent title: Iowa State University land value survey - Show all bands
    Series: Working paper / Center for Agricultural and Rural Development ; WP 642 (December 2022)
    Subjects: Land Values; Iowa; Land Ownership; Interest Rate; Farm Income; Ag Credit; Real Estate; Commodity Prices; Expert Opinion Survey; Agricultural Trade; Inflation
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  20. Global yield curve dynamics and interactions: a dynamic Nelson-Siegel approach
    Author: Diebold, Francis X.; Li, Canlin; Yue, Vivian Z.
    Published: 2008
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2008,27
    Subjects: Rentenmarkt; Kapitalertrag; Zinsstruktur; Internationaler Kreditmarkt; :z Geschichte 1985-2005; Zinsertragskurve
    Other subjects: (stw)1985-2005; (stw)Rentenmarkt; (stw)Kapitaleinkommen; (stw)Zinsstruktur; (stw)Internationaler Finanzmarkt; (stw)Deutschland; (stw)Japan; (stw)Großbritannien; (stw)USA; Term Structure; Interest Rate; Dynamic Factor Model; Global Yield; World Yield; Bond Market; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  21. Real interest policy and the housing cycle
    Author: Eden, Benjamin
    Published: February 2019
    Publisher:  Vanderbilt University, Department of Economics, Nashville, TN

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Vanderbilt University Department of Economics working papers ; 19, 00002
    Subjects: Housing-cycles; Interest Rate; Bubbles; Government loans
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  22. Foreign banks in Eastern Europe
    mode of entry and effects on bank interest rates
    Author: Claeys, Sophie; Hainz, Christa
    Published: 2006
    Publisher:  Sonderforschungsbereich/Transregio 15 Governance and the Efficiency of Economic Systems, München

    Credit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development for foreign ownership and its impact on lending rate in ten Eastern European countries between 1995 and 2003. Currently, the... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 445 (95)
    Inter-library loan:
    No inter-library loan

     

    Credit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development for foreign ownership and its impact on lending rate in ten Eastern European countries between 1995 and 2003. Currently, the majority of loans from foreign banks is granted by acquired banks. The presence of foreign acquired banks as measured by their relative number among the banks in our dataset increased somewhat slower than that of foreign de novo banks. However, since market entry through acquisition allows acquiring a credit portfolio and a customer base, acquired banks were able to expand their market share much faster than the foreign de novo banks. Our results also show that the interest rate decreased after foreign bank entry. Moreover, while the reduction in interest rates of domestic banks is more pronounced in the case of foreign entry through a de novo investment, foreign de novo banks charge higher interest rates than foreign acquired banks.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/93882
    Series: SFB/TR 15 Discussion Paper ; 95
    Subjects: SME; Banking; Foreign Entry; Mode of Entry; Interest Rate
    Scope: Online-Ressource (11, [5] S.), graph. Darst.
  23. Reading Keynes in Buenos Aires
    Prebisch and the dynamics of capitalism
    Author: Pérez Caldentey, Esteban; Vernengo, Matías
    Published: 2013
    Publisher:  Univ. of Utah, Dep. of Economics, Salt Lake City, Utah

    Keynes had a profound influence on Prebisch in terms of the diagnosis about the main failures of market economies and the need to pursue pro-active and anti-cyclical policies. However, Prebisch was critical of some aspects of Keynes' General Theory... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 210 (2013,8)
    Inter-library loan:
    No inter-library loan

     

    Keynes had a profound influence on Prebisch in terms of the diagnosis about the main failures of market economies and the need to pursue pro-active and anti-cyclical policies. However, Prebisch was critical of some aspects of Keynes' General Theory of Employment, Interest and Money, in particular on the theory of interest and the multiplier. His attitude can be explained by a difference in the object and method of analysis. Prebisch interests focused on dynamics and the cycle, themes that were peripheral to Keynes' central message. Prebisch's Keynesian influence and his rejection of some aspects of Keynes magnum opus explains why at the same time that Prebisch is often described as the Latin American Keynes, he is portrayed as concerned mainly with the long-run development problem of Latin America and without proper consideration to demand factors as fundamental determinants of output and employment.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/98614
    Series: Working paper / University of Utah, Department of Economics ; 2013-08
    Subjects: Business Cycles; Interest Rate; Multiplier; Center-Periphery
    Scope: Online-Ressource (20 S.)