This book investigates to what extent the quality of eligible collateral is able to explain inflation. Addressing this question, hypotheses derived from the Theory of Property Economics by Heinsohn & Steiger are tested. Data are collected using a questionnaire, answered by central banks. An index of the quality of eligible collateral is constructed. Regression analyses are performed based on a sample of 62 countries for the period 1990 to 2003. A negative, robust and statistically significant correlation between inflation ...
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This book investigates to what extent the quality of eligible collateral is able to explain inflation. Addressing this question, hypotheses derived from the Theory of Property Economics by Heinsohn & Steiger are tested. Data are collected using a questionnaire, answered by central banks. An index of the quality of eligible collateral is constructed. Regression analyses are performed based on a sample of 62 countries for the period 1990 to 2003. A negative, robust and statistically significant correlation between inflation and the quality of eligible collateral is found. Central bank independence cannot contribute to the explanation of inflation. The result supports the theory of Heinsohn & Steiger: Securitisation of central bank lending is crucial for price stability.
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Add this copy of The Quality of Eligible Collateral, Central Bank Losses to cart. $61.27, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2008 by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften.
Edition:
2008, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Add this copy of The Quality of Eligible Collateral, Central Bank Losses to cart. $63.40, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2008 by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften.
Edition:
2008, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Add this copy of The Quality of Eligible Collateral, Central Bank Losses to cart. $65.37, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2008 by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften.
Edition:
2008, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
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Edition:
2008, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Add this copy of The Quality of Eligible Collateral, Central Bank Losses to cart. $102.27, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2008 by Peter Lang GmbH, International.
Edition:
2008, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
