Search results for "Treasury"
showing 10 items of 26 documents
From the great depression to bretton woods: Jacob Viner and international monetary stabilization (1930-1945)
2009
This paper examines Jacob Viner's contribution to the debate and the policy decision-making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so-called 'early Chicago School of Political Economy', Viner was actively engaged in the debate over the causes and cures of the Depression, emphasizing the important role international economic problems played in producing its onset and in reinforcing its duration. During the 1930s Viner was an outspoken supporter of international monetary cooperation, set up to secure exchange rates stability, which he regarded as a paramount factor in restoring business confidence and fo…
The international debt problem: An analysis of the Brady plan
1989
Recently the American Treasury Secretary, Nicholas Brady, launched a new initiative in which he proposed reducing the developing countries’ bank debt. What are the elements of the plan, and which countries would benefit? What problems does it entail? Can it bring about a decisive improvement in the international debt situation of the developing countries? The following two articles attempt to answer these questions.
Interdependence between Green Financial Instruments and Major Conventional Assets: A Wavelet-Based Network Analysis
2021
This paper examines the interdependence between green financial instruments, represented by green bonds and green stocks, and a set of major conventional assets, such as Treasury, investment-grade and high-yield corporate bonds, general stocks, crude oil, and gold. To that end, a novel wavelet-based network approach that allows for assessing the degree of interconnection between green financial products and traditional asset classes across different investment horizons is applied. The empirical results show that green bonds are tightly linked to Treasury and investment-grade corporate bonds, while green stocks are strongly tied to general stocks, regardless of the specific time period and i…
Las Cortes de 1443-1446 y la Hacienda de la villa de Alcoy
2004
By means of this work, we try to analyze how onerous were for the royal town's treasury the expenses derived from their attendance to Assemblies. For this, we are taking, as an example, the royal town of Alcoy in the <i>Cortes</i> of 1443. We have based our study in the <i>Proceso de Cortes</i> and in municipal sources.<br><br>Mediante este trabajo, pretendemos analizar el peso que tenían en la hacienda de las villas reales los gastos derivados de su asistencia a Cortes. Para ello tomaremos como ejemplo la villa de Alcoy en las Cortes de 1443-1446, basando nuestro análisis en el Proceso de Cortes y en fuentes municipales.
Las Cortes de Martín el Humano (1401-1407) y su repercusión en la Hacienda de la ciudad de Valencia.
2004
The general purpose of this paper is, towards municipal source knowledge, to study Treasury incidence of Cortes council, designed by King Martin of Aragon in the city of Valencia between 1401 and 1407. Cortes books of account register some files related to complaints about the <i>Cortes</i> meeting (embassies and aids to the king...), wages (receivers, notary public, bailiffs...), the <i>Cortes</i> development (documents copy and shipment, reading of <i>fueros</i> and other local laws...) and other expenses (city entrance party games, tips to royal officials...). Negotiation, approval and distribution of <i>Cortes</i> economical donation they …
Las Cortes de 1428 y su repercusión en la Hacienda municipal de la ciudad de Valencia
2004
Call for Cortes council means to Valencia's city big expenses about municipal Treasury. All of them were accounted by <i>clavario</i> of the city in his book of accounts (document wages, copy, donations, etc.). From these books, and also by the same ones written by the <i>Consell</i> (Valencia city council), we can know which expenses they were, and also how, from 1428, mostly percent of these expenses were assumed by <i>Diputation del General</i> (also known as <i>Generalitat</i>, Kingdom political and economic assembly).<br><br>La convocatoria para asistir a Cortes le suponía a la ciudad de Valencia toda una serie de gastos que r…
El precio de ser itinerante. Viajes, acompañamiento y espacios cortesanos de la reina Leonor de Sicilia (r. 1349-1375)
2021
This article is an attempt to detail which logistical, economic and human implications had the itinerancy of the medieval monarchy. For this reason, the paper focuses on the characteristics of the itinerancy of Eleanor of Sicily, third wife of Pedro the Ceremonious and queen of the Crown of Aragon between 1349 and 1375. Through the analysis of her documentation, from chancery and treasury resources, it has been possible to establish an itinerary of the queen for three years, from 1354 to 1357. The analysis of this itinerary allows us to see the confluence of the royal couple entourages and the consequences of the beginning of the Dos Pedros war. At the same time, the paper focuses on the pe…
La expansión geográfica de la renta del tabaco
2007
El monopolio real del tabaco fue decretado sólo para la Corona de Castilla en 1636. Debido a su reconocida eficacia, los gobernantes españoles intentaron implantarlo allá donde fuese políticamente posible. Después de la guerra de Sucesión, fue establecido en la Corona de Aragón, ya que estos territorios perdieron entonces su régimen foral de autonomía. Como las provincias vascas y Navarra consiguieron conservar su régimen foral, el Gobierno español no pudo someter allí el régimen general del estanco tabaquero y tuvo que contentarse con negociar soluciones que no perjudicasen al estanco general. Finalmente, en el contexto de las reformas borbónicas en América, la Renta del Tabaco fue gradual…
Why FX Risk Management Is Broken - And What Boards Need to Know to Fix It
2015
In this paper we rethink the role of Foreign Exchange Risk Management (FXRM) in corporate management. We believe it is fair to characterize FXRM, on the whole, as a legacy activity rather than something that reflects a realistic cost-benefit analysis at the enterprise-level. The Board of Directors, as the designated guardians of the interests of shareholders, has a key role in setting the firm on a path towards a cost-efficient and centralized FXRM that preserves the firm’s transparency and predictability towards the investor community. A policy conclusion from our analysis is that responsibility for FX policy should shift from the traditional Finance/Treasury orientation to a group risk fu…
Modalidades de pago de los servicios del Reino de Valencia a la Corona (1585-1604) Pagos directos, pagos delegados
2020
Se analiza las relaciones entre la Hacienda Real y la Hacienda de la Diputación del Reino deValencia en la satisfacción de los pagos de los gastos diversos contraídos por parte de la Corona. Una parte importante consistió en operaciones de endoso, por las cuáles el rey trasladaba el pago de una deuda suya a su deudora, la Generalidad del Reino de Valencia, con criterios de eficiencia, para el pronto pago de los acreedores. The relations between the Royal Treasury and the Treasury the Generalitat of the Kingdom of Valencia are analyzed in the satisfaction of the payments of the various expenses incurred by the Cromw. An important part consisted of endorsement operations, for which the king t…