Open Access. Powered by Scholars. Published by Universities.®

Digital Commons Network™

Open Access. Powered by Scholars. Published by Universities.®

Yale University

Discipline
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 25771 - 25800 of 33873

Full-Text Articles in Entire DC Network

Lombard Loans No More, Natalia Kulakova Jul 1998

Lombard Loans No More, Natalia Kulakova

Documents

No abstract provided.


Money: Marriage Of Convenience, Rossiiskie Vesti Jul 1998

Money: Marriage Of Convenience, Rossiiskie Vesti

Documents

No abstract provided.


Maintenance Of Liquid Assets Of Finance Companies (No. 2), Bank Of Thailand Jul 1998

Maintenance Of Liquid Assets Of Finance Companies (No. 2), Bank Of Thailand

Documents

No abstract provided.


Prescribing Commercial Banks To Maintain Liquid Assets (No. 2), Bank Of Thailand Jul 1998

Prescribing Commercial Banks To Maintain Liquid Assets (No. 2), Bank Of Thailand

Documents

No abstract provided.


Danaharta Achieves Legal Milestone, Pengurusan Danaharta Nasional Berhad Jul 1998

Danaharta Achieves Legal Milestone, Pengurusan Danaharta Nasional Berhad

Documents

No abstract provided.


Czech National Bank Bulletin (July 3, 1998), Czech National Bank Jul 1998

Czech National Bank Bulletin (July 3, 1998), Czech National Bank

Documents

No abstract provided.


The Imf's Role In Today's Globalized, Michael Camdessus Jul 1998

The Imf's Role In Today's Globalized, Michael Camdessus

Documents

No abstract provided.


A Monetary Policy: Recent Theory And Practice, James Tobin Jul 1998

A Monetary Policy: Recent Theory And Practice, James Tobin

Cowles Foundation Discussion Papers

The paper reviews the major developments of the last three decades: the rise and fall of monetarism as theory and as targeting of intermediate monetary aggregates; targeting of nominal GDP in order to escape volatility of velocity of money; the abandonment of intermediate targets as superfluous; the use of money-market interest rates as operating procedure, except in the U.S.; their replacement by reserve aggregates in 1970–82; inflation stability and price level stability as policy objectives, often exclusive of other macroeconomic goals; the U.S. Federal Reserve as aiming successfully at both low inflation and low unemployment, goals mandated by law; the …


Nonparametric Censored Regression, Arthur Lewbel, Oliver B. Linton Jul 1998

Nonparametric Censored Regression, Arthur Lewbel, Oliver B. Linton

Cowles Foundation Discussion Papers

The nonparametric censored regression model is y = max [ c , m ( x ) + e ], where both the regression function m ( x ) and the distribution of the error e are unknown, but the fixed censoring point c is known. This paper provides a simple consistent estimator of the derivative of m ( x ) with respect to each element of x. The convergence rate of this estimator is the same as for the derivatives of an uncensored nonparametric regression. We then estimate the regression function itself by solving the associated partial differential equation system. …


Social Security And Institutions For Intergenerational, Intragenerational And International Risk Sharing, Robert J. Shiller Jul 1998

Social Security And Institutions For Intergenerational, Intragenerational And International Risk Sharing, Robert J. Shiller

Cowles Foundation Discussion Papers

Social security system old age insurance systems are devices for the sharing of income risks of elderly people with others. Risks can be shared intergenerationally (with the young of the same country), intragenerationally (with other elderly of the same country) or internationally (with foreigners). Barriers to individuals themselves sharing their risks intergenerationally, intragenerationally or internationally are described. Optimal design of government-sponsored social security systems is considered in light of these barriers. Alternative benefits and contributions formulas for pay-as-you-go social security systems are defined and compared with existing and proposed formulas in terms of their ability to fulfill the government’s role …


Frb And Hud Joint Report Concerning Reform To The Truth In Lending Act And The Real Estat, United States: Department Of Housing And Urban Development (Hud), Federal Reserve System: Board Of Governors Jul 1998

Frb And Hud Joint Report Concerning Reform To The Truth In Lending Act And The Real Estat, United States: Department Of Housing And Urban Development (Hud), Federal Reserve System: Board Of Governors

Documents

No abstract provided.


Financial Globalization: Can National Currencies Survive?, James Tobin Jul 1998

Financial Globalization: Can National Currencies Survive?, James Tobin

Cowles Foundation Discussion Papers

Fixed exchange rate, pegs to hard currencies that can be adjusted, are fragile, the more so the more mobile are capital funds across currencies and national markets. Once market participants doubt, for whatever reason, the ability of a developing or emerging economy’s central bank to meet its commitment to redeem it currency in hard currency at the promised rate, they will race to claim the country’s external reserves. Vulnerability to crises becomes greater as financial markets become less regulated and more internationally open. To escape currency crises, a country may lock its money to that of a reserve-currency country, as …


Clarification On Statutory Reserve Requirement Reduction, Bank Negara Malaysia/Central Bank Of Malaysia Jun 1998

Clarification On Statutory Reserve Requirement Reduction, Bank Negara Malaysia/Central Bank Of Malaysia

Documents

No abstract provided.


Statutory Reserve Requirement Of Banking Institutions (June 26, 1998), Bank Negara Malaysia/Central Bank Of Malaysia Jun 1998

Statutory Reserve Requirement Of Banking Institutions (June 26, 1998), Bank Negara Malaysia/Central Bank Of Malaysia

Documents

No abstract provided.


The Bank Board Decided To Reduce The Required Minimum Reserves, Hospod¡Å™Skè Noviny Jun 1998

The Bank Board Decided To Reduce The Required Minimum Reserves, Hospod¡Å™Skè Noviny

Documents

Untranslated Title: Bankovn­ rada rozhodla o sn­Å¾en­ povinn½ch minim¡ln­ch rezerv (The Banking Council decided to reduce mandatory minimum reserves)


Reduce The Independence Of The Central Bank Failed, Vladislav Kuzmichev Jun 1998

Reduce The Independence Of The Central Bank Failed, Vladislav Kuzmichev

Documents

No abstract provided.


Implementation Completion Report: Kazakhstan Financial Sector Adjustment Loan, World Bank/World Bank Group Jun 1998

Implementation Completion Report: Kazakhstan Financial Sector Adjustment Loan, World Bank/World Bank Group

Documents

http://documents1.worldbank.org/curated/en/891381468272046760/pdf/multi-page.pdf


Promotion Of Revision Of 'Depositor Protection Act', South Korea: Ministry Of Economy And Finance Jun 1998

Promotion Of Revision Of 'Depositor Protection Act', South Korea: Ministry Of Economy And Finance

Documents

No abstract provided.


Short (June 6, 1998), Segodnia Jun 1998

Short (June 6, 1998), Segodnia

Documents

No abstract provided.


Confirmation Of Amendment To The Enforcement Decree Of The Depositor Protection Act, South Korea: Ministry Of Economy And Finance Jun 1998

Confirmation Of Amendment To The Enforcement Decree Of The Depositor Protection Act, South Korea: Ministry Of Economy And Finance

Documents

No abstract provided.


Asset Management Company Details Announced, Pengurusan Danaharta Nasional Berhad Jun 1998

Asset Management Company Details Announced, Pengurusan Danaharta Nasional Berhad

Documents

No abstract provided.


Law On Deposit Guarantees For Individuals, Latvia: Saeima Jun 1998

Law On Deposit Guarantees For Individuals, Latvia: Saeima

Documents

No abstract provided.


Deputies Want To Put The Central Bank 'Failed', Igor Moiseev Jun 1998

Deputies Want To Put The Central Bank 'Failed', Igor Moiseev

Documents

No abstract provided.


Asymptotics For Nonlinear Transformations Of Integrated Time Series, Joon Y. Park, Peter C.B. Phillips Jun 1998

Asymptotics For Nonlinear Transformations Of Integrated Time Series, Joon Y. Park, Peter C.B. Phillips

Cowles Foundation Discussion Papers

An asymptotic theory for stochastic processes generated from nonlinear transformations of nonstationary integrated time series is developed. Various nonlinear functions of integrated series such as ARIMA time series are studied, and the asymptotic distributions of sample moments of such functions are obtained and analyzed. The transformations considered in the paper include a variety of functions that are used in practical nonlinear statistical analysis. It is shown that their asymptotic theory is quite different from that of integrated processes and stationary time series. When the transformation function is exponentially explosive, for instance, the convergence rate of sample functions is path-dependent. In …


A Strategic Market Game With Active Bankruptcy, John Geanakoplos, Ioannis Karatzas, Martin Shubik, William D. Sudderth Jun 1998

A Strategic Market Game With Active Bankruptcy, John Geanakoplos, Ioannis Karatzas, Martin Shubik, William D. Sudderth

Cowles Foundation Discussion Papers

We construct stationary Markov equilibria for an economy with fiat money, one non-durable commodity, countably-many time periods, and a continuum of agents. The total production of commodity remains constant, but individual agents’ endowments fluctuate in a random fashion, from period to period. In order to hedge against these random fluctuations, agents find it useful to hold fiat money which they can borrow or deposit at appropriate rates of interest; such activity may take place either at a central bank (which fixes interest rates judiciously) or through a money-market (in which interest rates are determined endogenously). We carry out an equilibrium …


Nonstationary Density Estimation And Kernel Autoregression, Peter C.B. Phillips, Joon Y. Park Jun 1998

Nonstationary Density Estimation And Kernel Autoregression, Peter C.B. Phillips, Joon Y. Park

Cowles Foundation Discussion Papers

An asymptotic theory is developed for the kernel density estimate of a random walk and the kernel regression estimator of a nonstationary first order autoregression. The kernel density estimator provides a consistent estimate of the local time spent by the randon walk in the spatial vicinity of a point that is determined in part by the argument of the density and in part by initial conditions. The kernel regression estimator is shown to be consistent and to have a mixed normal limit theory. The limit distribution has a mixing variate that is given by the reciprocal of the local time …


Econometric Analysis Of Fisher’S Equation, Peter C.B. Phillips Jun 1998

Econometric Analysis Of Fisher’S Equation, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Fisher’s equation for the determination of the real rate of interest is studied from a fresh econometric perspective. Some new methods of data description for nonstationary time series are introduced. The methods provide a nonparametric mechanism for modelling the spatial densities of a time series that displays random wandering characteristics, like interest rates and inflation. Hazard rate functionals are also constructed, an asymptotic theory is given and the techniques are illustrated in some empirical applications to real interest rates for the US. The paper ends by calculating Gaussian semiparametric estimates of long range dependence in US real interest rates, using …


Game Theory, Complexity And Simplicity. Part Iii: Critique And Prospective, Martin Shubik Jun 1998

Game Theory, Complexity And Simplicity. Part Iii: Critique And Prospective, Martin Shubik

Cowles Foundation Discussion Papers

A discussion of some of the problems in the utilization of game theoretic solution concepts is given. It is suggested that a considerable broadening of solution concepts is called for to take into account sufficient context. Mass agent simulations appear to offer promise for some economic and societal problems.


Commentary On "The Financial Crisis Of 1825 And The Restructuring Of The British Financial System", Michael Bordo Jun 1998

Commentary On "The Financial Crisis Of 1825 And The Restructuring Of The British Financial System", Michael Bordo

Documents

No abstract provided.


Buying Back Government Bonds: Mechanics And Other Considerations, Toni Gravelle Jun 1998

Buying Back Government Bonds: Mechanics And Other Considerations, Toni Gravelle

Documents

No abstract provided.