Search results for "Open market operation"
showing 4 items of 4 documents
Some Quantitative Aspects of Stability Management Strategy in a Bank
2012
Abstract The stability of commercial bank system is the result of balanced development, which can be characterised by equilibrium and security over a longer period of time. The history of commercial bank system development indicates that reaching and sustaining this qualitative and quantitative state requires regulations and management. One of the most important parts of commercial bank management system is correctly chosen strategy in the circumstances of a changing environment. Strategy gives a possibility to look into the future of the commercial bank, forecast its goals, areas, scale and potential operational results in relation to resource sources and expenses. Nowadays a commercial ba…
Money and equity returns in the Euro area
2010
Abstract This study examines the impacts of liquidity on equity returns in the euro area during the period 1987–2001. The main contribution of the study is that the money demand is carefully considered while estimating the liquidity. We provide evidence that in part the impact of money on equity returns depended on the measure used for liquidity (real money supply, real money gap and monetary overhang). However, a unanimous inference was made that over time an increase in liquidity has a negative impact on equity returns. This is interpreted as being due to the positive impact of money on inflation. Accordingly, an increase in liquidity generated expectations of inflation, which led to a de…
The Interplay between Money Market Development and Changes in Monetary Policy Operations in Small European Countries, 1980-2000
2006
We study the interplay between money market development and changes in monetary policy operating procedures in 11 European countries from c. 1980 up to the launch of the EMU. Aspects of money market development such as size and structure of different market segments, and institutional and regulatory changes, are addressed. We recount and empirically examine the reorientation of monetary policy instruments away from quantitative direct control instruments towards indirect market-based instruments.The process of deregulation is uniform across countries. The path of money market development varies substantially, whereas changes in central bank instruments show both similarities and differences…
EPA-0552 – Social rehabilitation and employment of people with intellectual disabilities
2014
Background Experience in the field of professional and social activation and employment of people with moderate and severe intellectual disabilities indicates the need to seek specific strategies for solving problems on the way into the labor market of people recruited from this social group. The analysis of the limitations and difficulties in recruiting these people, and based on samples taken before employing them on the open market, gave birth to the concept of developing an innovative system to support candidates for employment. Methods The development of the Project’Our work - preventing discrimination against disabled people in access to work, preceded by a very detailed analysis of t…