Abstract: A Comparison of Alternative Approaches to Monetary Control

1977 ◽  
Vol 12 (4) ◽  
pp. 649-649
Author(s):  
William R. McDonough ◽  
Clifford L. Fry
Keyword(s):  
The Other ◽  
Money Stock ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Operating Variable ◽  
Alternative Approaches ◽  
Monetary Control ◽  
The Relationship

Theoretically the money stock could be controlled by targeting, either a reserve aggregate or the Federal funds rate. In practice, however, one strategy might be more effective than the other if the relationship between its operating variable and the money stock was more predictable.

Evaluation of the Islamic interbank benchmark rate

2020 ◽  
Vol 13 (2) ◽  
pp. 249-262
Author(s):  
Issam Tlemsani
Keyword(s):  
Significant Negative Correlation ◽  
Causality Analysis ◽  
Kuala Lumpur ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Content Type ◽  
Finance Industry ◽  
International Investors ◽  
Using Data ◽  
The Relationship

Purpose The purpose of this study is to evaluate the Islamic Interbank Benchmark Rate (IIBR) and investigate its relationship with conventional benchmark rates. Design/methodology/approach This study relies extensively on multivariate regression and Granger causality analysis, using data culled for the IIBR, conventional interest-dependent benchmark rates and oil prices. The data was collected daily over a period spanning from November 2011 to June 2015. Findings The main finding of this study is that there is a significant negative correlation between the IIBR and London Interbank Offered Rate (LIBOR) and other conventional interbank benchmark rates. This negative linear relationship is due to the IIBR representing a substitute investment for international investors when traditional rates fall in relation to the IIBR. Practical implications This study seeks to bring research on the IIBR and Sharia finance into the mainstream. It provides new insights into the IIBR as an independent interbank benchmark rate, exploring and confirming its status as a Sharia complaint financial tool. Originality/value This study is a comprehensive investigation of the relationship between the IIBR and conventional counterpart benchmark rates (LIBOR, Kuala Lumpur Interbank Offered Rate, effective federal funds rate and conventional rates in the Gulf Cooperation Council countries). The study contributes to the understanding of the IIBR’s framework principles and its value as a solution to current and future Sharia-complaint short-term interbank market funding for the Islamic finance industry.

A Test of Neo-Fisherism: 1964–2019

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Peter V. Bias ◽  
Joshua D. Hall
Keyword(s):  
Lower Bound ◽  
Interest Rates ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Classical View ◽  
Nominal Interest Rates ◽  
Time Period ◽  
Inflation Rates ◽  
Causality Tests ◽  
The Relationship

AbstractNeo-Fisherism, the theory that monetary authorities should expect inflation rates to be positively and causally related to their targeted nominal interest rates, is reviewed and empirically investigated. Using several different measures of interest rates and inflation we analyze US monthly data from January 1964 to April 2019. Granger causality tests are performed in search of a Neo-Fisherist impact of interest rates causally impacting inflation or the reverse. The full period is reviewed and is also divided into three sub-periods: the period before the Federal Reserve targeted federal funds rate at 25 basis points (labeled here as the effective lower bound, ELB), the ELB period, and the post-ELB period. Prior to the effective lower bound, we find evidence largely supporting the classical view of causality from inflation to interest rates, however the relationship is bidirectional depending on the measurement of inflation and interest rates. During the ELB, we find moderate evidence in support of Neo-Fisherism. In this period, federal funds rate Granger-cause changes in inflation as measured using the CPI and Core CPI. In contrast, during the effective lower bound period, the standard classical result holds when considering the Shadow federal funds rate. In the period following the effective lower bound, the standard relationship is found as well, in which inflation granger causes movements in the interest rates. Overall, the results regarding causality between interest rates and inflation largely support the classical view of causality but are dependent on data measurements and the observed time period.

Comparative study of the Islamic interbank benchmark verses conversional rates

2019 ◽  
Vol 11 (6) ◽  
pp. 1351-1365
Author(s):  
Issam Tlemsani
Keyword(s):  
Significant Negative Correlation ◽  
Causality Analysis ◽  
Kuala Lumpur ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Content Type ◽  
Finance Industry ◽  
International Investors ◽  
Using Data ◽  
The Relationship

Purpose The purpose of this study is to evaluate the Islamic Interbank Benchmark Rate (IIBR) and investigate its relationship to conventional benchmark rates. Design/methodology/approach The methodology in this study relies extensively on multivariate regression and Granger Causality analysis, using data culled for IIBR, conventional interest-dependent benchmark rates and oil prices which were collected daily over a period spanning from November 2011 to June 2015. Findings The main finding of this study is that there is significant negative correlation between the IIBR and London Interbank Offered Rate (LIBOR) and other conventional interbank benchmark rates. This negative linear relationship is due to the IIBR representing a substitute investment for international investors when traditional rates fall in relation to the IIBR. Practical implications This study seeks to bring research on IIBR and Sharia finance into the mainstream. It provides new insights into the IIBR as an independent interbank benchmark rate, exploring and confirming its status as a Sharia complaint financial tool. Originality/value This study is a comprehensive investigation of the relationship between the IIBR and conventional counterpart benchmark rates (LIBOR, Kuala Lumpur Interbank Offered Rate [KLIBOR], Effective Federal Funds Rate [EFFR] and conventional rates in GCC countries). The study contributes to the understanding of the IIBR’s framework principles and its value as a solution to current and future Sharia-complaint short-term interbank market funding for the Islamic finance industry.

Monetary control and the federal funds rate

1977 ◽  
Vol 3 (2) ◽  
pp. 217-230 ◽  
Author(s):  
Paul DeRosa ◽  
Gary H. Stern
Keyword(s):  
Federal Funds ◽  
Federal Funds Rate ◽  
Monetary Control

The Relationship Between Suicidal Thinking and Dating Violence in a Sample of Adolescent Abortion Patients

Crisis ◽  
2011 ◽  
Vol 32 (5) ◽  
pp. 246-253 ◽  
Author(s):  
Gretchen E. Ely ◽  
William R. Nugent ◽  
Julie Cerel ◽  
Mholi Vimbba
Keyword(s):  
Unintended Pregnancy ◽  
Dating Violence ◽  
Young Women ◽  
Psychosocial Problems ◽  
The Other ◽  
Assessment Scale ◽  
Adolescent Dating Violence ◽  
Adolescent Relationships ◽  
Suicidal Thinking ◽  
The Relationship

Background: The relationship between suicidal thinking and adolescent dating violence has not been previously explored in a sample of adolescent abortion patients. Aims: This paper highlights a study where the relationship between dating violence and severity of suicidal thinking was examined in a sample of 120 young women ages 14–21 seeking to terminate an unintended pregnancy. Methods: The Multidimensional Adolescent Assessment Scale and the Conflict in Adolescent Relationships Scale was used to gather information about psychosocial problems and dating violence so that the relationship between the two problems could be examined, while controlling for the other psychosocial problems. Results: The results suggest that dating violence was related to severity of suicidal thinking, and that the magnitude of this relationship was moderated by the severity of problems with aggression. Conclusions: Specifically, as the severity of participant’s general problems with aggression increased, the magnitude of the relationship between dating violence and severity of suicidal thinking increased. Limitations of the study and implications for practice are discussed.

Emotional Impact Feedback Changes How We Remember Negative Autobiographical Experiences

2010 ◽  
Vol 57 (5) ◽  
pp. 354-359 ◽  
Author(s):  
Melanie K. T. Takarangi ◽  
Deryn Strange
Keyword(s):  
Well Being ◽  
The Other ◽  
Personal Perspective ◽  
Emotional Impact ◽  
Potential Mechanism ◽  
Negative Experiences ◽  
Negative Memory ◽  
The Relationship ◽  
Negative Memories ◽  
Over Time

When people are told that their negative memories are worse than other people’s, do they later remember those events differently? We asked participants to recall a recent negative memory then, 24 h later, we gave some participants feedback about the emotional impact of their event – stating it was more or less negative compared to other people’s experiences. One week later, participants recalled the event again. We predicted that if feedback affected how participants remembered their negative experiences, their ratings of the memory’s characteristics should change over time. That is, when participants are told that their negative event is extremely negative, their memories should be more vivid, recollected strongly, and remembered from a personal perspective, compared to participants in the other conditions. Our results provide support for this hypothesis. We suggest that external feedback might be a potential mechanism in the relationship between negative memories and psychological well-being.

Haematocrit: Relationships with Blood Lipids, Blood Pressure and other Cardiovascular Risk Factors

1994 ◽  
Vol 72 (01) ◽  
pp. 058-064 ◽  
Author(s):  
Goya Wannamethee ◽  
A Gerald Shaper
Keyword(s):  
Physical Activity ◽  
Risk Factors ◽  
Blood Pressure ◽  
Body Mass Index ◽  
Cardiovascular Risk ◽  
Cardiovascular Risk Factors ◽  
Alcohol Intake ◽  
Blood Lipids ◽  
The Other ◽  
The Relationship

SummaryThe relationship between haematocrit and cardiovascular risk factors, particularly blood pressure and blood lipids, has been examined in detail in a large prospective study of 7735 middle-aged men drawn from general practices in 24 British towns. The analyses are restricted to the 5494 men free of any evidence of ischaemic heart disease at screening.Smoking, body mass index, physical activity, alcohol intake and lung function (FEV1) were factors strongly associated with haematocrit levels independent of each other. Age showed a significant but small independent association with haematocrit. Non-manual workers had slightly higher haematocrit levels than manual workers; this difference increased considerably and became significant after adjustment for the other risk factors. Diabetics showed significantly lower levels of haematocrit than non-diabetics. In the univariate analysis, haematocrit was significantly associated with total serum protein (r = 0*18), cholesterol (r = 0.16), triglyceride (r = 0.15), diastolic blood pressure (r = 0.17) and heart rate (r = 0.14); all at p <0.0001. A weaker but significant association was seen with systolic blood pressure (r = 0.09, p <0.001). These relationships remained significant even after adjustment for age, smoking, body mass index, physical activity, alcohol intake, lung function, presence of diabetes, social class and for each of the other biological variables; the relationship with systolic blood pressure was considerably weakened. No association was seen with blood glucose and HDL-cholesterol. This study has shown significant associations between several lifestyle characteristics and the haematocrit and supports the findings of a significant relationship between the haematocrit and blood lipids and blood pressure. It emphasises the role of the haematocrit in assessing the risk of ischaemic heart disease and stroke in individuals, and the need to take haematocrit levels into account in determining the importance of other cardiovascular risk factors.

Structuralism as a Pamphlet (On the Book by E. Reinert “How Rich CountriesGot Rich... And Why Poor Countries Stay Poor”. 2nd ed.)

2014 ◽  
pp. 147-153
Author(s):  
P. Orekhovsky
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
Structural Analysis ◽  
Increasing Returns ◽  
The Other ◽  
Static Theory ◽  
Poor Countries ◽  
Historical School ◽  
Socio Economic Development ◽  
The Relationship

The review outlines the connection between E. Reinert’s book and the tradition of structural analysis. The latter allows for the heterogeneity of industries and sectors of the economy, as well as for the effects of increasing and decreasing returns. Unlike the static theory of international trade inherited from the Ricardian analysis of comparative advantage, this approach helps identify the relationship between trade, production, income and population growth. Reinert rehabilitates the “other canon” of economic theory associated with the mercantilist tradition, F. Liszt and the German historical school, as well as a reconside ration of A. Marshall’s analysis of increasing returns. Empirical illustrations given in the book reveal clear parallels with the path of Russian socio-economic development in the last twenty years.

Dış Göç Romanlarında Temel İzlekler

2020 ◽  
Vol 7 (2) ◽  
pp. 291-317
Author(s):  
Burak Çavuş
Keyword(s):  
The Other ◽  
Guest Worker ◽  
Migration Literature ◽  
Historical Reality ◽  
Literary Process ◽  
The Relationship

Bu çalışmada, 1960-1990 yılları arasında yayınlanan ve Avrupa’ya işçi göçünü konu edinen romanlar izleksel bağlamda incelenmiştir. Romanlardaki temel izlekler çerçevesinde göç süreci irdelenmiş, inceleme, göçmenlerin tanımlanmasında ve adlandırılmasında kullanılan Gastarbeiter (konuk işçi) Auslander (yabancı) kavramları ve Almanlar tarafından Türk kimliğine atfedilen çağrışımlar üzerinden yürütülmüştür. Göçmenlere yönelik politikalarda ve yaklaşımlarda onların nasıl tanımlandığının etkili olduğuna ve yazınsal süreçte de bu politika ve yaklaşımların belirleyici olduğu savından hareket edilmiştir. Bu noktada adlandırmaların, tanımlamaların göç olayı çerçevesinde biz ve öteki ilişkisi üzerindeki etkisine odaklanılmış; toplum ve yazın ilişkisi temelinde incelenen romanlar üzerinden göç ve göçmenlik meselesine dair çıkarımlar yapılmıştır. Bunlar arasında, ayrımcılık, kötü çalışma koşulları, hak ihlalleri, ırkçılık ve ötekileştirme gibi başat sorunların bu eserlerde merkezi konumda olduğu tespit edilmiştir. Böylece çalışmanın amacı olan göç yazınını oluşturan temel izleklere ulaşılmış; sosyolojik ve tarihsel gerçekliğin yazınsal gerçekliğe aktarılmasında etkili olan unsurlar ön plana çıkarılmıştır. ABSTRACT IN ENGLISH Main Patterns in Migration Novels In this study, the novels published between 1960-1990 and dealing with the migration of workers to Europe were examined in a contextual context. The process of immigration has been examined within the framework of the basic lines in the novels, through the concepts of Gastarbeiter (guest worker), Auslander (foreigner) used in the identification and naming of immigrants and connotations attributed to Turkish identity was conducted. The argument is that how they are defined is effective in policies and approaches towards immigrants and that these policies and approaches are determinative in the literary process. At this point, the effect of naming definitions on us and the other relationship within the framework of migration has been focused; there are inferences about the issue of migration and immigration through the novels examined on the basis of the relationship between society and literature. Among these, it has been determined that dominant problems such as discrimination, poor working violations, racism and marginalization are central to these works. Thus, the basic themes that constitute the migration literature, which is the aim of the study have been reached and the factors that are effective in transferring the sociological and historical reality have been brought the fore.

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