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Ebook Global Liquidity and Asset Prices in a Cointegrated VAR
Submitted by wulan on Tue, 01/05/2010 - 03:07Studies at country-levels suggest that money does not matter for inflation nor long term interest rates even though economic theory generally prescribes a one-for-one relation in models emphasizing (super-)neutrality; see inter alia Hendry (2001) and Juselius (2007) for empirical analyses of inflation in the UK and Denmark, respectively. However, one reason for this finding may be that it is global liquidity that is important. Also, there is evidence for the existence of one common (worldwide) interest rate and/or inflation rate, see inter alia Ciccarelli and Mojon (2005), which exerts large influence on national rates yet is not controllable by a central bank.
The purpose of this paper is to investigate the existence of a global money market in order to identify potential excess liquidity and analyse its interactions with global inflation and asset prices, as suggested by a number of authors, see Baks and Kramer (1999), Sousa and Zaghini (2004) and Ruffer and Stracca (2006).
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PDF Ebook Your Credit, Your Home, and Your Future
Submitted by antoq on Thu, 10/15/2009 - 02:25If you’re like many individuals, you don’t fully appreciate how essential good credit and money management are until you need them. Perhaps you’ve been renting an apartment for several years, but now you’d like to buy a house. Maybe it’s just not worth fixing your 10-year-old car, but you need a way to get to work so you need a car loan—fast! Or suppose your house has a damaged roof and the cost of repairs exceeds your savings. To resolve emergency situations like these while continuing to manage your existing financial obligations, you’ll need good credit and good money management skills.
Good credit is the result of careful planning of your finances. Your credit record affects everything from renting an apartment to buying a home. Without good credit, it’s difficult to save money, become a homeowner, and build financial security.
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PDF Ebook Successful Trading Using Artificial Intelligence
Submitted by antoq on Tue, 09/08/2009 - 01:58“Apart from the U.S. Department of Defense, the financial services industry has invested more money in neural network research than any other industry or government body,” according to a 1993 book edited by Robert R. Trippi and Efraim Turban. Has the investment paid off?
Many say the late 1980’s and early 1990’s were a time of exaggerated claims for the technology that never quite panned out. Some traders who continued to use the technology didn’t explicitly name it in their client presentations, preferring to use such terms as “statistical modeling techniques”. Other traders publicly attribute their success to a mastery of artificial intelligence (AI) techniques.
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