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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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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factors that can influence the rate of diffusion through a membrane. Chemical kinetics plays a large part in diffusion. In order for a solute to passively diffuse through a membrane‚ it must line up with a pore in the membrane and pass through it (textbook 101). The concentration gradient is also important for diffusion because solutes diffuse from areas of high concentration to areas of low concentration (textbook page 101). There are different factors that can affect the rate of this diffusion. Our intent
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The United States dropout rate is dropping about an estimated 1.1 million members in 2012. 1.1 million people will not be earning diplomas in high school in 2012. Dropout compared to high school dropouts are least likely to get a job and a living wage. Dropouts will most likely be poor and can suffer from health outcomes in the future (Rumberger). Teens have a variety of reasons for leaving school‚ including family and health problems. Dropouts that have family poverty is associated with homelessness
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days or weeks. According to the fundamental analysis‚ the euro exchange rates are expected to depreciate in the long-run. Although there was a short uptrend during last week‚ which was driven by yields‚ the investors worry more about deflation and the euro’s resilience. What’s more‚ the ECB rates are highly expected to be cut after ECB’s policy meeting on Thursday. The market is expecting a 25bps reduction in the benchmark rate to 0.50% from the current 0.75%. During the last week‚ many weak economic
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Chemistry Coursework Rates of Reaction Investigation Introduction In this investigation I am going to be investigating the reaction between marble chips and hydrochloric acid‚ and to see what differences in the rate of this reaction arise when different concentrations of acid are used. Below is the word equation for this reaction: Calcium Carbonate + Hydrochloric Acid = Calcium Chloride + Carbon Dioxide + Water Below is the fully balanced chemical equation for this reaction. CaCo3
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Factors that affect exchange rates. Like any price‚ the exchange rate deviates from the cost basis - the purchasing power of currencies – under the influence of supply and demand of currency. The ratio of the supply and demand depends on several factors. It reflects connections with other economic categories - cost‚ price‚ money‚ interest‚ balance of payments‚ etc. There is a complex of interweaving and nomination of decisive factors. Among them are the following. • 1.The rate of inflation. The ratio
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Investigation of the rate of photosynthesis of pondweed. Research question: How does the concentration of sodium bicarbonate relate to the amount of oxygen produced by Elodea (Canadian pond weed) in the process of photosynthesis? Hypothesis: If there is an increase in concentration of sodium bicarbonate the amount of oxygen produced will increase because the sodium bicarbonate concentration will increase the carbon dioxide levels. Independent variable- Concentrations of sodium bicarbonate (8%
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Divorce Divorce rates in the United States have increased dramatically in the past 25 years. Over 40 percent of the marriages among young Americans will end in divorce. There is a lot of stress on all the people involved. The man has to deal with‚ usually‚ not seeing his children‚ being alone‚ and the responsibility that is accompanied with much of the legal process. The wife has to go through‚ maybe‚ entering the work force for the first time. Children are often viewed as a back burner
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The effect of temperature on a reaction rate In this experiment I shall be investigating how temperature affects the rate of reaction Rates of reaction The Factors that affect the rate of reaction are temperature‚ surface area‚ concentration‚ catalysts‚ light and pressure Surface area – Surface area is the amount of solid surface that is available for reaction - Only affects solids so this will not affect our
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