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Hauptbeschreibung Der Zins-Pass-Through, also die Geschwindigkeit, mit der Geschäftsbanken einen Geldmarktimpuls an ihre Kunden weitergeben, ist aus zwei Gründen wirtschaftspolitisch relevant. Zum einen ist er eine wichtige Determinante für die Wirksamkeit der Geldpolitik, da er die erste Stufe der geldpolitischen Transmission darstellt. Zum anderen lässt er auf den Wettbewerb auf dem Bankenmarkt schließen. In der vorliegenden Arbeit wird die Weitergabe von Zinsimpulsen in theoretischer, institutioneller und empirischer Hinsicht untersucht. Ein besonderes Augenmerk liegt dabei auf d

Interest rates --- Banks and banking --- Money market rates --- Rate of interest --- Rates, Interest --- Interest --- Panel-Fehlerkorrekturmodell --- Zins-Pass-Through --- Makroökonomie --- Geschäftsbanken

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The last decades have witnessed major progress in both monetary policy theory and practice, with broad academic consensus on the desirability of monetary policy rules and ongoing research on their exact specification. Typically, the analysis is carried out in a New Keynesian framework with nominal rigidities and constant capital stock. The latter represents a constraint that this study seeks to overcome by introducing a model with investment and capital adjustment costs. The work assesses different interest-rate rule specifications with respect to the target variables included, based on two criteria: determinacy of rational-expectations equilibrium and convergence to steady state after a shock. The study concludes that rules with both an inflation and an output gap target ensure a unique rational-expectations equilibrium and a less distressful adjustment of the economy after the occurrence of shocks.

Interest rates. --- Monetary policy. --- Keynesian economics. --- Post-Keynesian economics --- Monetary management --- Money market rates --- Rate of interest --- Rates, Interest --- Schools of economics --- Economic policy --- Currency boards --- Money supply --- Interest --- Interest rates --- Monetary policy --- Keynesian economics --- E-books --- Framework --- Inflation-targeting --- Investment --- Keynesian --- Pavlova --- Rate --- rational-expectations equilibrium --- Rules --- Taylor principle --- with

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This book analyses the controversial and critical issue of 2% inflation targeting, currently practised by central banks in the US, Japan and Europe. Where did the 2% target inflation originate, and for what reason? Do these reasons stand up to scrutiny? This book explores these key questions, contributing to the growing debate that the global 2% inflation standard prescribed by the central banks in the advanced economies globally is actually contributing to the economic malaise of these nations. It presents novel theoretical perspectives, intertwined with historical and market understanding, and features analysis that draws on monetary theory (including Austrian school), behavioural finance, and finance theory. Alongside rigorous analysis of the past and present, the book also features forward looking chapters, exploring how the 2% global inflation standard could collapse and what would ideally follow its demise, including a new look at the role of gold.

333.846.2 --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Inflation (Finance) --- Interest rates. --- Money market rates --- Rate of interest --- Rates, Interest --- Interest --- Finance --- Natural rate of unemployment --- Finance. --- Macroeconomics. --- Popular Science in Finance. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economics --- Funding --- Funds --- Currency question

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Money market. Capital market --- 336.76 --- Interest rates --- Flow of funds --- Capital market --- Hedging (Finance) --- Options (Finance) --- Speculation --- Financial futures --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Money market rates --- Rate of interest --- Rates, Interest --- Interest --- Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt --- Capital market. --- Flow of funds. --- Interest rates. --- Hedging (Finance). --- 336.76 Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt

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The Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. In 2006, an oddball group of bankers, traders and brokers from some of the world's largest financial institutions made a startling realization: Libor--the London interbank offered rate, which determines the interest rates on trillions in loans worldwide--was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed "Gollum"; the broker "Abbo," who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as "Village" (short for "Village Idiot") and fascinated with human-animal sex; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose." Eventually known as the "Spider Network," Hayes's circle generated untold riches --until it all unraveled in spectacularly vicious, backstabbing fashion. The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was crooked throughout, designed to promote envelope-pushing behavior while shielding higher-ups from the consequences of their subordinates' rapacious actions"--

Commercial crimes. --- Interest rates. --- Derivative securities. --- International finance. --- International monetary system --- International money --- Finance --- International economic relations --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Money market rates --- Rate of interest --- Rates, Interest --- Interest --- Corporate crime --- Crimes, Financial --- Financial crimes --- Offenses affecting the public trade --- Crime --- Money market. Capital market --- BUSINESS & ECONOMICS / Banks & Banking. --- BUSINESS & ECONOMICS / Economic History. --- Commercial crimes --- Interest rates --- Derivative securities --- International finance