The Net Stable Funding Ratio Requirement When Money is Endogenous

The net stable funding ratio requirement when money is endogenous

T he NSFR r egul ati on r educ es bank s ' l i qui di ty r i sks by enc our agi ng the us e of depos i t f undi ng. D epos i t money i s c r eat ed by l endi ng, but the r equi r ement r es tr i c ts pos s i bi l i ti es to gr ant l oans. T h i s c ontr adi c ti on may be des ta bi l i s i ng i f ther e i s a s ubs tanti al f or ei gn debt.

The Endogenous Money Approach

Knowledge, Not Funding is the Most Important Research Resource

In the last issue of the Asia Pacific Journal of Medical Toxicology, Dr. Reza Afshari raised the question of what are the best scientific areas of focus of toxicology for “low income countries and how such research might be achieved (1). South-south collaboration, in which developing countries share resources, was one of the proposed solutions. Rather than limit discussion to “low income” coun...

Formal Methods When Money is Tight

Formal methods have been shown to improve the quality of software, but they are seldom if ever used outside the safety-critical system domain. Typically, the initial cost of creating formal requirements speci cations is perceived to be prohibitively large while not necessarily guaranteeing future bene ts. In this paper we discuss ways of tailoring formal methods to suit current economic realities.

Is positive income elasticity of demand really associated with normal goods?: revisiting the Slutsky equation and net benefit ratio

Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...