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- Inflation (2)
- Interest Rate Swaps (2)
- BRICS (1)
- BRICS countries (1)
- China (1)
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- Chinese Yuan (CNY) Swaps (1)
- Economic analysis (1)
- Foreign exchange reserves (1)
- Geopolitical risk (1)
- India (1)
- Interest rates (1)
- Internal dynamic (1)
- Leadership. informal institution (1)
- Monetary Policy (1)
- Reserve Bank of India (1)
- Rising power (1)
- Short-Term Interest Rate (1)
- Swap Yields (1)
- The People’s Bank of China (PBOC) (1)
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Articles 1 - 5 of 5
Full-Text Articles in International Economics
The Macrodynamics Of Indian Rupee Swap Yields, Tanweer Akram, Khawaja Mamun
The Macrodynamics Of Indian Rupee Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Working Papers
This paper econometrically models the dynamics of Indian rupee (INR) swap yields based on key macroeconomic factors using the autoregressive distributive lag (ARDL) approach. It examines whether the short-term interest rate has a decisive influence on long-term INR swap yields after controlling for other factors, such as core inflation, the growth of industrial production, the logarithm of the equity price index, and the logarithm of the INR exchange rate. The estimated models show that the short-term interest rate has an important influence on the swap yields. This implies that the Reserve Bank of India (RBI) can sway borrowing and lending …
Asymmetric Effects In Geopolitical Risk And Foreign Reserves Accumulation Among Brics Countries, Kwame O. Asomaning
Asymmetric Effects In Geopolitical Risk And Foreign Reserves Accumulation Among Brics Countries, Kwame O. Asomaning
Doctoral Dissertations (DBA)
Over the past decade, the rise of Geopolitical Risk (GPR) has had a significant effect on macro financial variables, prompting central banks to accumulate reserves as a "war chest" to protect their economies from the detrimental effects of such shocks. This study examines the asymmetries in the long run, short run, and locational asymmetric effects on foreign reserves in the BRICS countries, using both the Nonlinear ARDL (NARDL) and Quantile ARDL (QARDL) models over the period 2000Q1–2021Q4. The results of the NARDL model suggest that GPR has long-run asymmetric effects for BRICS, while in the short run, all countries display …
Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Working Papers
This paper models the dynamics of Chinese yuan (CNY)–denominated long-term interest rate swap yields. The financial sector plays a vital role in the Chinese economy, which has grown rapidly in the past several decades. Going forward, interest rate swaps are likely to have an important role in the Chinese financial system. This paper shows that the short-term interest rate exerts a decisive influence on the long-term swap yield after controlling for various macrofinancial variables, such as inflation or core inflation, the growth of industrial production, percent change in the equity price index, and the percentage change in the CNY exchange …
Leadership And Performance In Informal Institutions: The Internal Dynamics Of Brics, Zhen 'Arc' Han, Mihaela Papa
Leadership And Performance In Informal Institutions: The Internal Dynamics Of Brics, Zhen 'Arc' Han, Mihaela Papa
Political Science & Global Affairs Faculty Publications
How does leadership affect the performance of informal institutions? Leadership in BRICS is particularly puzzling: this informal institution rapidly grows despite the disparate interests of its members, some of which are in longstanding conflict. This article examines how three forms of leadership – intellectual, entrepreneurial, and structural – affect institutional performance using BRICS cooperation data. It demonstrates the importance of intellectual leadership, particularly in strategically framing the cooperation problem in a way that creates mutual gains, as essential for realising collective outcomes in informal institutions. Collective action is catalyzed through the interplay of the three leadership forms. However, the activating …
Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Faculty Publications
This paper models the dynamics of Chinese yuan–denominated long-term interest rate swap yields. It shows that the short-term interest rate exerts a decisive influence on the long-term swap yield after controlling for various macrofinancial variables, such as core inflation, the growth of industrial production, the percent change in the equity price index, and the percentage change in the Chinese yuan exchange rate. The autoregressive distributed lag approach is applied to model the dynamics of the long-term swap yield. The findings reinforce and extend John Maynard Keynes’s conjecture that in advanced countries, as well as emerging market economies such as China, …