scholarly journals Scaling, Unwinding and Greening QE in a Calibrated Portfolio Balance Model

2021 ◽  
Author(s):  
Tina Koziol ◽  
Jesper Riedler
Keyword(s):  
Balance Model ◽  
Portfolio Balance

scholarly journals Oil Price Shocks in a Portfolio-Balance Model

1981 ◽  
Vol 1981 (181) ◽  
pp. 1-25 ◽  
Author(s):  
Gerard Caprio ◽  
◽  
Peter B. Clark
Keyword(s):  
Oil Price ◽  
Balance Model ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Portfolio Balance

The nexus between stock price and foreign exchange rate: validating the portfolio-balance model in Nigeria

2017 ◽  
Vol 7 (4) ◽  
pp. 363
Author(s):  
Patrick Olufemi Adeyeye ◽  
Olufemi Adewale Aluko ◽  
Stephen Oseko Migiro
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Stock Price ◽  
Foreign Exchange Rate ◽  
Balance Model ◽  
Portfolio Balance

An Expanded Graphical Representation of the Portfolio Balance Model of Exchange Rate Determination

1994 ◽  
Vol 38 (2) ◽  
pp. 52-57 ◽  
Author(s):  
Joachim Zietz
Keyword(s):  
Exchange Rate ◽  
Graphical Representation ◽  
Balance Model ◽  
Exchange Rate Determination ◽  
Portfolio Balance ◽  
Foreign Bonds ◽  
Diagram Representation

The traditional one-diagram representation of the portfolio balance model gets high marks for conciseness and efficiency but falls short in providing an intuitive understanding of the forces that drive the model. This paper offers an expanded graphical representation of the model. It features a diagram for each of the three assets considered by the portfolio balance model, domestic bonds, foreign bonds, and domestic money. The purpose is to make the economic adjustments that are taking place in the model's markets more intuitively obvious.

scholarly journals Une analyse économétrique de la demande et de l’offre de dépôts des sociétés de crédit populaire : le cas des Caisses populaires

2009 ◽  
Vol 55 (2) ◽  
pp. 207-229 ◽  
Author(s):  
Jean-Pierre D. Chateau
Keyword(s):  
Demand Function ◽  
Balance Model ◽  
Reduced Form ◽  
Supply Side ◽  
Flow Variable ◽  
Deposit Rate ◽  
Risk Return ◽  
Portfolio Balance ◽  
Public Views ◽  
The Impact

The aim of the study is to explain Quebec major credit union's deposit market by way of integrating its public demand function with the institution's rate-setting operation. The demand for Caisses' deposits is specified as a dynamic stock adjustment model. On the other hand, the intermediary's rate-setting reduced form is derived from a risk-return portfolio balance model in which the managers maximize the expected utility of reserves. The two models are integrated by means of a liability composite rate. Econometric estimates of the integrated model provide us with interesting policy insights. For instance, the Quebecois public views chartered banks' deposits as a weak substitute for Caisses' deposits; it is also more responsive to nonrate arguments, such as loan eligibility or the institution's ethnic appeal. On the supply side, competitive liability rates are more important than returns on assets when the Caisses set its deposit rate. Finally, the impact growth imbalance between loans and deposits is well captured by a flow variable, without infringing on the steady determination based on rates.

The Portfolio-Balance Model of Exchange Rates: Short-Run Behavior and Forecasting (The Korean Won/U.S. Dollar Case)

1993 ◽  
Vol 7 (4) ◽  
pp. 75-87 ◽  
Author(s):  
Hong-Ghi Min ◽  
Judy McDonald
Keyword(s):  
Exchange Rates ◽  
Balance Model ◽  
Portfolio Balance ◽  
Short Run

scholarly journals Fundamental Modeling Exchange Rate using Genetic Algorithm: A Case Study of European Countries

2011 ◽  
Vol 3 (6) ◽  
pp. 352-359
Author(s):  
Saeed Rasekhi
Keyword(s):  
Genetic Algorithm ◽  
Exchange Rate ◽  
Mean Square Error ◽  
Balance Model ◽  
Mean Square ◽  
Equilibrium Exchange Rate ◽  
Portfolio Balance ◽  
Equilibrium Exchange ◽  
The Us ◽  
Us Dollar

Genetic Algorithms (GAs) are an adaptive heuristic search algorithm premised on the evolutionary ideas of natural selection and genetic. In this study we apply GAs for Fundamental Models of Exchange Rate Determination in exchange rate market. In this framework, we estimated absolute and relative purchasing power parity, Mundell-Fleming, sticky and flexible prices, equilibrium exchange rate and portfolio balance model as fundamental models for European Union’s Euro against the US Dollar using monthly data from January 1992 to December 2008. Then, we put these models into the genetic algorithm system for measuring their optimal weight for each model. These optimal weights have been measured according to four criteria i.e. R-squared (R2), mean square error (MSE), mean absolute percentage error (MAPE) and root mean square error (RMSE). Based on obtained Results, it seems that for explaining of EU Euro against the US Dollar exchange rate behavior, equilibrium exchange rate and portfolio balance model are better than the other fundamental models.

scholarly journals Monetary Policy in an Equilibrium Portfolio Balance Model

2007 ◽  
Author(s):  
Michael Kumhof ◽  
Stijn Van Nieuwerburgh
Keyword(s):  
Monetary Policy ◽  
Balance Model ◽  
Portfolio Balance
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