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Full-Text Articles in Social and Behavioral Sciences
The Twisting Fed: How Changing Open Market Operation Compositions Affect Long-Term Interest Rates And Subsequently Influence Capital Expenditures, Michael Owen Miller
The Twisting Fed: How Changing Open Market Operation Compositions Affect Long-Term Interest Rates And Subsequently Influence Capital Expenditures, Michael Owen Miller
Honors Theses
The Federal Reserve has been highly active in the past decade in its attempts to lower long-term interest rates and spur economic growth. This thesis will investigate how the Federal Reserve’s actions have influenced long-term Treasury yields and whether the manipulation of the long-term interest rate helps stimulate economic growth through capital investment. To examine how the Fed’s actions affect long-term yields we study the maturity composition of the Fed’s Open Market Operations (OMOs). As the trend of proportional purchases shift farther out along the yield curve, we expect the long-term interest rate to decrease. The impact of shifting long-term …
The Relationship Between Openness And Economic Performance A Case Study Of The Five Leading Emerging Markets In Southeast Asia: Vietnam Philippines Thailand Indonesia Malaysia, Trang Pham
Honors Theses
For the last two decades, the Southeast Asian countries have emerged as the fastest growing economies in the world, together with making significant progress in economic liberalization. The thesis studies the impact of economic openness on growth and volatility in the five leading Southeast Asia countries: Thailand, Vietnam, Malaysia, Indonesia, and Philippines. The results obtained include: 1) economic openness is a driving force for the rapid growth of the five countries during 1990-2010, 2) during transition into an open economy, volatility cannot be eliminated; however, if a country has sound macroeconomic policies, a reasonable ratio of foreign direct investment to …