Money Exhange And Banking
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Author | : Tarron Khemraj |
Publisher | : Edward Elgar Publishing |
Total Pages | : 177 |
Release | : 2014-07-31 |
Genre | : Social Science |
ISBN | : 1782548386 |
Despite the financial liberalization agenda of the mid-1980s, a system of bank oligopolies has developed in both large and small, open developing economies. Mainstream monetary theory tends to assume a capital markets structure and is therefore not wel
Author | : Signe Krogstrup |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2018-05-09 |
Genre | : Business & Economics |
ISBN | : 1484353668 |
The literature on the drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial intermediaries’ funding flows in different currencies. A concise portfolio model shows that the sign and magnitude of the response of foreign currency funding flows to global risk factors depend on the financial intermediary’s pre-existing currency exposure. An analysis of a rich dataset of European banks’ aggregate balance sheets lends support to the model predictions, especially in countries outside the euro area.
Author | : Bob Steiner |
Publisher | : Butterworth-Heinemann |
Total Pages | : 352 |
Release | : 2002-03-25 |
Genre | : Business & Economics |
ISBN | : 9780750650250 |
Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes: What the instruments are How and why they are used - by both bank dealers and corporate end-users How the different instruments are linked one to another How you price them Structure of the market, EMU etc The range of risks arising from dealings in these instruments that affect banks and corporates How these risks are measured and managed Brings together a range of practical, relevant material on Foreign Exchange and money market trading Focuses on trading situations as well as on calculations International in coverage, the concepts and methods covered are not restricted to any country or institution
Author | : David H. Friedman |
Publisher | : |
Total Pages | : 452 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780899820163 |
This is a comprehensive overview of the role that money and banking play in global economies. As a textbook, its primary emphasis is on explaining basic concepts, processes and relationships, ranging from money, interest rates and banks' money creation capabilities, to bank regulation, monetary policy and the workings of foreign exchange markets. The text's secondary emphasis is on providing information of particular relevance to bankers, such as the changing profile of banks' competitors, current legislative and regulatory developments, and sources of bank profitability in the 1990s. To provide a learning context, background and historical information is provided, when appropriate, to supplement the text.
Author | : William Stanley Jevons |
Publisher | : |
Total Pages | : 380 |
Release | : 1877 |
Genre | : Exchange |
ISBN | : |
Author | : Victor E. Argy |
Publisher | : |
Total Pages | : 374 |
Release | : 1982 |
Genre | : Business & Economics |
ISBN | : |
Author | : Romain Lafarguette |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2021-02-12 |
Genre | : Business & Economics |
ISBN | : 1513569406 |
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author | : Samuel Munzele Maimbo |
Publisher | : World Bank Publications |
Total Pages | : 56 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : |
Annotation The study examines the hawala system 's operational characteristics, vulnerability to financial abuse and regulatory implications.
Author | : Richard E. Wright |
Publisher | : |
Total Pages | : 302 |
Release | : 2009 |
Genre | : Banks and banking |
ISBN | : 9781936126149 |
Author | : Josh Ryan-Collins |
Publisher | : |
Total Pages | : 186 |
Release | : 2014-01-31 |
Genre | : Banks and banking |
ISBN | : 9781908506542 |
Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.