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. The local authorities in the capital market were achieved through municipal bonds, the most used financial vehicle in the … category of fixed income instruments. In this paper is presented results of research on the use of municipal bonds to finance …
Persistent link: https://www.econbiz.de/10011539336
Incorporating arbitrage-free term-structure dynamics into a semi-structural macro-model, we jointly estimate the real equilibrium interest rate (r*), trend inflation, and term premia for the United States and the euro area, using a Bayesian approach. The natural real rate and trend inflation are...
Persistent link: https://www.econbiz.de/10012425011
The purpose of this paper is to determine the factors that shape the liquidity levels of euro area sovereign bonds. The … hundred bonds from six largest euro area sovereign bond markets. The created variables were used in a cross …-sectional regression model. The results revealed that characteristics of sovereign bonds are indeed highly linked with bond liquidity …
Persistent link: https://www.econbiz.de/10011989217
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Persistent link: https://www.econbiz.de/10011554148
Creativity is a new paradigm of development, which connects society in its economic, culture, technological and social aspects at the macro and micro level. Creativity, knowledge and access to information are central points of this paradigm and are considered to be engines of economic growth in...
Persistent link: https://www.econbiz.de/10011516056
This study analyses the relationship between social capital accumulation and the amount of rural credit market contracts of the State of São Paulo, Brazil. The most important definitions of social capital found on literature and the main ways of creation and measure this variable were reported....
Persistent link: https://www.econbiz.de/10012654690
All the progress made by the economists who established the theory of welfare, are based on the needs for the progress in engineering that marked out the era of the industrial revolution. All the models that go along with these theories are based on the science of engineering and contributed at...
Persistent link: https://www.econbiz.de/10011483649
The traditional concept of a strict minimum of nontaxable income equal for all taxpayers embedded in most current income-tax systems is the result of a paradox of fiscal egalitarianism. The paper shows that substituting the traditional notion of a strict minimum of nontaxable income for a scheme...
Persistent link: https://www.econbiz.de/10011616800
With the continuous development and iteration of telecommunication technology, the users' requirements of the quality and service have increased dogmatically. In order to meet the diverse and personalized consumer demands, virtual network operators came into being. In 2013, China officially...
Persistent link: https://www.econbiz.de/10011760164