and Jorion‚ P. (1990): Purchasing power parity in the long run. Journal of Finance. Vol. 45‚ 157- 174. Alan M. Taylor; Mark P. Taylor‚ (2004)‚ The Purchasing Power Parity debate. The Journal of Economic Perspectives‚ Vol. 18‚ No. 4. (Autumn‚ 2004)‚ pp. 135-158. Andrei Shleifer & Robert W. Vishny‚ (1997)‚ The Limits of Arbitrage. The Journal of Finance. American Finance Association Press. Vol. 52‚ No. 1. (Mar.‚ 1997)‚ pp. 35-55. Bela Balassa‚ (1964)‚ The Purchasing-Power Parity doctrine:
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Interest rate pass-through: the case of Hungary Csilla Horváth‚ Judit Krekó‚ Anna Naszódi Magyar Nemzeti Bank‚ Budapest‚ 1850‚ Szabadság tér 8-9‚ Hungary Telephone: 00-36-1-428-2600‚ Fax: 00-36-1-428-2590 Email: horvathcs@mnb.hu‚ krekoj@mnb.hu‚ naszodia@mnb.hu 1 Interest rate pass-through: the case of Hungary Csilla Horváth‚ Judit Krekó‚ Anna Naszódi Abstract In this paper we analyze the interest rate pass-through in Hungary‚ with the help of ECM and TAR models‚ using both aggregated and bank
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Interest rate is the rate paid by the debtor for using the money of creditor (http://www.investorwords.com/2539/interest_rate.html 1.12.2011.). Normally‚ the interest rate charged by percentage of the money borrowed for a period of one year. For example‚ debtor borrowed £100 from the bank for one year; the interest rate of that year is 10%‚ then the debtor has to pay £110 to the bank after one year for using their money‚ the extra £10 is the interest. Moreover‚ the interest rate played an important
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After the battle of Cowpens General Greene made the decision to retreat his forces‚ which also included Morgan’s troops‚ to the village of Guilford Courthouse in North Carolina. Greene’s decision was based on the fact that they lacked the reinforcements to fight Cornwallis. Greene prefered to fight than retreat and hoped that sufficient forces would be present when he reached Guilford so that he can engage Cornwallis. In traditional military doctrine‚ armies did not retreat as the Americans did‚
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Chapter 5 : Interet rates Page161 Interest rate quotes and adjustments 5-1. Your bank is offering you an account that will pay 20% interest in total for a two-year deposit. Determine the equivalent discount rate for a period length of a. Six months. b. One year. c. One month. a. Since 6 months is [pic] of 2 years‚ using our rule [pic] So the equivalent 6 month rate is 4.66%. b. Since one year is half of 2 years [pic] So the equivalent 1 year rate is 9.54%. c. Since
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67 vol. 2‚ 2012 TARGETING OF KEY INTEREST RATE AS A SOURCE OF CRISIS YANA SOKOLOVA St. Petersburg State University‚ Faculty of Economics‚ Russia Abstract In response to the world economic crisis of 2008 the authorities of many countries have launched policies of interest rate reduction through large-scale asset purchases on the open key rate targeting. The author explains how changes of the federal funds rate increased bank interest rate risk and provoked the recession of 2007-2009
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Analysis • Error Bars Analysis Evaluation • Improvement Assessment • Improved Experiment. • Reliability References Introduction: For this data analysis project‚ I conducted and experiment to investigate how the concentration of an acid affects the rate of the reaction. I have set up the experiment’s equipment as shown on figure 1. As you can see by figure 1‚ I have used the reaction between sodium thisoulphate solution and hydrochloric acid (HCL) to come up with results that
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Term Structure of Interest Rate. Candidate number 25909 Section 2 In this section‚ I will introduce some essential components about term structure‚ explain the IS/LM model to reveal the relation between term structure and GDP growth and lastly bring in some empirical evidence to support this relation. 2.1 Some basic terminologies and equations Bond‚ being one of the most popular financial products‚ is one example of firm’s and nation’s lending and borrowing. There are two ways a bond delivers
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of the light and the rate of photosynthesis and instead it starts relatively high then decreases and increases again. The colour red gives the highest rate of photosynthesis (89 bubbles per minute) with blue giving the second highest rate of photosynthesis (70 bubbles per minute)‚ and yellow giving the third highest rate of photosynthesis (64 bubbles per minute) and green with by far the least (44 bubbles per minute). Although‚ we can see no direct correlation between the rate of photosynthesis and
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between exchange rates‚ interest rates • In this lecture we will learn how exchange rates accommodate equilibrium in financial markets. For this purpose we examine the relationship between interest rates and exchange rates. Interest rates are the return to holding interest-bearing financial assets. In the previous lecture we have pointed out that as being a financial asset exchange rates tend to adjust more quickly to new information that goods prices. Like exchange rates‚ interest rates are also the prices
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