Money Demand and Economic Uncertainty
The author examines the impact of economic uncertainty on the demand for money.
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2457
result(s)
June 23, 2004
Competition in Banking
Content Type(s):
Publications,
Financial System Review articles
Competition in Banking: A Review of the Literature
Staff Working Paper 2004-24
Carol Ann Northcott
The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Financial services,
Market structure and pricing
JEL Code(s):
G,
G2,
G21,
G28,
L,
L1,
L11,
L12,
L13,
L16
Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization
Staff Working Paper 2004-23
Denise Côté,
Christopher Graham
Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Interest rates,
International topics
JEL Code(s):
C,
C2,
C23,
E,
E4,
E43,
E44,
F,
F3,
F36
Financial Conditions Indexes for Canada
Staff Working Paper 2004-22
Céline Gauthier,
Christopher Graham,
Ying Liu
The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Monetary and financial indicators,
Monetary conditions index
JEL Code(s):
E,
E4,
E44,
E5,
E52
Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation
Staff Working Paper 2004-21
Jeannine Bailliu,
Eiji Fujii
This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in monetary policy, results in a decline in the degree of pass-through of exchange rate movements to consumer prices.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Exchange rates,
Inflation and prices,
International topics
JEL Code(s):
E,
E3,
E31,
E4,
E42,
F,
F3,
F31
Commodity-Linked Bonds: A Potential Means for Less-Developed Countries to Raise Foreign Capital
Staff Working Paper 2004-20
Joseph Atta-Mensah
The author suggests that commodity-linked bonds could provide a potential means for less-developed countries (LDCs) to raise money on the international capital markets, rather than through standard forms of financing.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Development economics,
Financial markets,
International topics
JEL Code(s):
F,
F3,
F30,
F34,
F4,
F49,
G,
G1,
G11,
G13,
O,
O1,
O16