Debt-Equity Ratios of Firms and Interest Rate Policy: Macroeconomic Effects of High Leverage in Developing Countries (Ratio d'endettement des entreprises et politique de taux d'interet: effets macroeconomiques du niveau eleve de ce ratio dans les pays en developpement) (Las razones deuda/capital de las empresas y la politica de tipo de interes: Efectos macroeconomicos de los coeficientes de endeudamiento elevados en los paises en desarrollo)

1985 ◽  
Vol 32 (3) ◽  
pp. 430 ◽  
Author(s):  
V. Sundararajan
2017 ◽  
pp. 88-110 ◽  
Author(s):  
S. Drobyshevsky ◽  
P. Trunin ◽  
A. Bozhechkova ◽  
E. Gorunov ◽  
D. Petrova

The article investigates the Bank of Russia information policy using a new approach to measuring information effects on Russian data, including the analysis of the tonality of news reports, as well as internet users’ queries on Google. The efficiency of regulator’s information signals is studied using EGARCH-, VAR- models, as well as nonparametric tests. The authors conclude that the regulator communicates effectively in terms of the predictability of interest rate policy, the degree to which information signals affect the money and foreign exchange markets.


2007 ◽  
Vol 19 (3) ◽  
pp. 369-386 ◽  
Author(s):  
Claude Gnos ◽  
Louis-Philippe Rochon

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