检索结果-南通市图书馆

The interaction between stock prices and interest rates in Turkey:empirical evidence from ARDL bounds test cointegration

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Financial Innovation 2019年第1期5卷 110-121页

作者： Turgut Tursoy Department of Banking and Finance Near East UniversityNicosia99138North Cyprus10 MersinTurkey

This paper demonstrates a significant,long-running relationship between stock prices and domestic interest rates in Turkey’s financial markets for the period of 2001 M1-2017 *** analysis is investigated using the autoregressivedistributed lag bounds(ARDL Bounds)test and vector autoregressive ***,cointegrating equations such as the fully modified ordinary least square,dynamic ordinary least squares,and canonical cointegrating regression are applied to check the long-run elasticities in the concerned *** ARDL Bounds and Johansen Cointegration test results show that,dynamically,both prices are significantly related to each *** cointegrating equation outcomes demonstrate elasticities whereby both coefficients have negative ***,the same results are corroborated by the impulse response where all variables respond negatively to each other.

关键词： Stock price interest rates Cointegration ARDL VAR

The Rationale Behind Policymaker Hesitancy:Insight Into Correlation Between Disinflation and interest rates

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Management Studies 2024年第5期12卷 335-338页

作者： ZHANG Aizhu Nanjing Foreign Language School NanjingChina

This essay explores the reluctance of policymakers to reduce interest rates during disinflation,analyzing whether this hesitation aligns with prevailing economic *** on historical and contemporary examples,the paper examines how monetary policy,particularly central bank credibility,plays a crucial role in shaping market expectations and guiding long-term economic *** discusses the evolution of monetary strategies from the high inflation periods of the 1970s and 1980s to the modern focus on inflation targeting,financial stability,and the globalized *** analysis highlights key factors such as asymmetric risks,the challenge of managing low interest rates,and the potential for unintended consequences like a sset bubbles and distorted savings ***,the paper concludes that central banks’cautious approach during disinflation reflects a commitment to maintaining price stability and protecting economic resilience in an increasingly interconnected global financial system.

关键词： disinflation interest rates economic theory

Cointegration Test of Expectation Hypothesis in Multi-interest-rates System

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Systems Science and Systems Engineering 2000年第2期10卷 227-235页

作者： CHAO Jian\|xiong International Business School, Hunan University, Changsha 410082, China

The expectation hypothesis of interest rate term structure theory posits an implication: in a system of p interest rates of different maturity there should be one common trend driving interest rates, corresponding to p-1 cointegration vectors, and in each of these vectors the coefficients should sum to zero, giving stationary interest rate spreads.\;This paper analyses the cointegration implications of the expectation hypothesis on UK interest rates. Two types of tests have been carried out in the analysis. The first is the test of the implication that pairs of two interest rates cointegrate into stationary spreads. The second is the test of the cointegration implications on a full system of interest rates of different maturity. This analysis has been carried out using the VAR technique. The results in general favour the expectation hypothesis: the UK term structure of interest rate is driven by one common stochastic trend, and the interest rate spreads are generally found to be stationary. The validity of the expectation hypothesis suggests that the central bank can have a direct effect on long interest rates by operating at the short end of the market.

关键词： cointegration expectaction hypothesis interest rates

Macroeconomic effects of Mobile money:evidence from Uganda

维普期刊数据库

同方期刊数据库评论

在线全文

学校读者我要写书评

暂无评论

Financial Innovation 2019年第1期5卷 387-406页

作者： Joseph Mawejje Paul Lakuma The World Bank JubaSouth Sudan Economic Policy Research Centre Makerere UniversityKampalaUganda.

This study examined the effects of mobile money-a recent innovation in Uganda’s financial-sector landscape-on aggregate economic activity and other macroeconomic *** first estimated the long-run mobile-money demand function using vector error correction(VEC)techniques,distinguishing between balances and transfers/*** then estimated the short-run effects of mobile money on selected macroeconomic variables using structural vector autoregressive(SVAR)*** results showed that mobile money had moderate positive effects on monetary aggregates,consumer price index,private-sector credit,and aggregate economic *** money balances responded to changes in monetary policy instruments,signaling possible ameliorating effects for the conduct of monetary ***,the results showed that transactional motives related to mobile money had stronger macroeconomic effects than savings motives.

关键词： Mobile money Monetary policy Inflation interest rates Private-sector credit Money demand GDP Uganda

The concept of capital before and after industrial revolution： Islamic versus market economy

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Chinese Business Review 2009年第9期8卷 44-48,64页

作者： Farhang Mossavar-Rahmani Hamid Maleki School of Business and Management National University La Jolla CA 92037 USA

The concept of capital and ownership of capital in market economy and Islamic economy is different. Also the role that capital is expected to play in the economy is different in two economic systems. One of the key elements in creation of the capital （capital formation） is interest rate. In Islam interest is strictly forbidden. This paper reviews the concept of capital and the process of capital formation both before and after industrial revelation. In that context it also looks at the function of interest rate during the time of Prophet Mohammed and the present time.

关键词： capital capital formation holy Qur'an industrial revelations interest rates Islamic economics market economics ownership of capital ribba

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

interest and profit

Chinese Business Review 2009年第6期8卷 1-13页

作者： John Smithin Department of Economics and the Schulich School of Business York University Toronto M3J1P3 Canada

This paper argues that it is important to distinguish between the real rate of interest on money and the profitability of business enterprise. The former is a purely financial or monetary phenomenon （as claimed by Keynes） and the latter is in the nature of a surplus over and above the costs of production, including financing costs. There is an inverse relationship between the real rate of interest on money and the average mark-up or profit share. A synthetic theory of profit illustrates these points.

关键词： interest rates profit income distribution classical economics Keynes Marx Kaldor Kalecki

interest Rate and Some of Its Applications

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Journal of Applied Mathematics and Physics 2023年第6期11卷 1557-1569页

作者： Hamdin Ahmed Alafif Department of Mathematics University College of Umluj University of Tabuk Tabuk Saudi Arabia Department of Mathematics Faculty of Education University of Khartoum Omdurman Sudan

interest rates are a fundamental aspect of the economy and have a significant impact on various financial decisions such as borrowing, investing, and saving. They are the cost of borrowing money or the return on investment and are determined by various factors such as the supply and demand for credit, inflation expectations, and monetary policy decisions made by central banks. Changes in interest rates can have a major effect on the economy and can influence consumer spending, business investment, and overall economic growth. This makes it crucial for individuals, businesses, and policymakers to have a clear understanding of the dynamics of interest rates. interest rates play an important role in determining the cost of borrowing money for individuals and businesses. A rise in interest rates can increase the cost of borrowing and make it more difficult for people and companies to access credit. This can lead to a decrease in consumer spending and business investment, which can slow down economic growth. On the other hand, a decrease in interest rates can make it easier for individuals and businesses to access credit and increase consumer spending and business investment, boosting economic growth. Central banks, such as the Federal Reserve in the United States, play a key role in determining interest rates by setting monetary policy. They use interest rate changes to influence the economy and reach their goals of stable prices, maximum employment, and moderate long-term interest rates. In conclusion, understanding the dynamics of interest rates is essential for making informed financial decisions and assessing the overall health of the economy. The impact of interest rates on the economy and individual financial decisions is far-reaching and long-lasting, making it a crucial topic for continued study and discussion.

关键词： interest rates Investment Inflation Expectations Inflation Expectations

清代江南农村手工业生产性借贷的高利率影响探析

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论