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Bank Deposits (bank + deposit)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

Taphonomy and palaeoecology of plant remains from the oldest African Early Cretaceous amber locality

LETHAIA, Issue 4 2002
BERNARD GOMEZ
The first Mesozoic amber for Africa was recently reported from the Middle-Upper Valanginian of the Kirkwood Formation (Algoa Basin, Republic of South Africa). A palaeobotanical and taphonomical study is performed here on the amber-bearing strata. Palaeobotanical remains indicate a warm to hot, semi-arid climate. Taphonomic analysis of the plant debris shows that the assemblage is allochthonous and was the result of transport by high energy flooding events and subsequent deposition in crevasse splay or over bank deposit. However, the plant fragmentation was probably previously initiated in the leaf litter, whose decay was probably slowed down by a combination of biological and climatic factors. The different oxidation degrees of amber also support a certain residence time in contact with the atmosphere and possible reworking. [source]

The Continuing Muddles of Monetary Theory: A Steadfast Refusal to Face Facts

ECONOMICA, Issue 2009
C. A. E. GOODHART
Lionel Robbins was concerned about the methodology of economic science. When he discussed the relationship between theory and ,reality', two of the examples of inappropriate relationships were taken from monetary economics. Such shortcomings continue. Among the worst are: (1) IS/LM: whereby the monetary authorities set the monetary base, and the interest rate is market determined; (2) the monetary base multiplier of bank deposits, and the role of reserve ratios; (3) the current three-equation neoclassical consensus, assuming perfect creditworthiness, and hence no need for banks; (4) the analysis of the evolution of money. [source]

Market Sentiment and Macroeconomic Fluctuations under Pegged Exchange Rates

ECONOMICA, Issue 292 2006
PIERRE-RICHARD AGÉNOR
The effects of an adverse change in market sentiment, defined as a temporary increase in the premium faced by domestic borrowers on world financial markets, are studied in an intertemporal optimizing framework with imperfect capital mobility. Firms' demands for working capital are financed by bank credit. The shock leads to a rise in domestic interest rates, capital outflows and a drop in official reserves, a reduction in bank deposits and loans, a contraction in output, and an increase in unemployment. These predictions are consistent with Argentina's economic downturn in the immediate aftermath of the Mexican peso crisis of December 1994. [source]

The Retreat of Deposit Dollarization,

INTERNATIONAL FINANCE, Issue 3 2008
Patrick Honohan
After growing rapidly during the 1990s, the scale of deposit dollarization has slowed or even reversed since 2001. This paper employs an expanded cross-country data set on the share of bank deposits denominated in foreign currency. It documents the break in trend and seeks to explain this apparent reversal in this aspect of global financial integration. Valuation changes related to dollar weakness from 2002 do not seem to be the cause. But lower inflation in many countries has reduced the attractions of foreign currency as a hedge. Also, the Argentine crisis of 2001,02 may have heightened investor awareness of the risk of forced conversion of foreign currency deposits. A return to higher inflation and fading memories of forced conversions could lead to a resumption in the growth of deposit dollarization, with the banking risks that this can entail. [source]

Macroeconomic Control in the Transforming Chinese Economy: An Analysis of the Long-Run Effect

PACIFIC ECONOMIC REVIEW, Issue 1 2001
Michael K. Y. Fung
This paper analyzes the issue of macroeconomic control in the Chinese economy where there is a dual structure (consisting of a state sector and a non-state sector) and the financial sector is still under tight control by the government. Given the dual structure and financial repression, when inflation is a severe problem, the authors investigate whether it is possible for the government to bring inflation under control without hampering long-term economic growth performance. The investigation is conducted within the context of an endogenous growth model that incorporates the two major institutional features of the transforming Chinese economy. The paper evaluates the long-run effects of changes in government monetary and fiscal policies on the major macroeconomic aggregates. The analysis suggests that increasing in the interest rate on government bonds will reduce inflation without affecting the growth rate of output; while increasing the nominal interest rate on bank deposits will exert a stagflationary effect on the economy: raising the inflation rate but reducing the growth rate of output. [source]