We explore the dynamical properties of the Godley-Lavoie model with a focus on Central Bank horizons. The stability properties of modes of regulation are traced from a regime of private bank money to the current crisis with the Central Bank levers of short-term bonds issue to the emerging policy regime of long-term bonds as built-in stabilizers.

There are many different analysis methods for evaluation of complicated socio-economic processes. Banks are important participants of the market. Soundness and stability of banks is difficult to assess because of their complicated internal business structure, intertwined cash flows and strong influence of market conditions on bank’s performance. Multi-criteria methods of evaluation are among ma...

This paper summarizes what we have learned about price stability since the C.D. Howe Institute and Bank of Canada conferences of 1996 and 1997.1 The range of issues that a central bank must consider in its evolving approach to price stability, and that these two conferences covered, is broad. It includes setting targets for the behaviour of the price level, developing techniques for forecasting...

The history of monetary policy in Iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the Gross Domestic Product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. As a result of the recent studies two rules have emerged as guideline for policy makers: Taylor rule and McCallum ru...

the purpose of this article is to improve dynamic stability of power network by using a new method. In this method the entire stability of the network creates from one point and all the stabilizers of power network collect in a PSS bank. The connecting channel between network generators and PSS bank is internet. Expansion and vastness of internet make it easily accessible every where. In the ne...

We propose a simple model of the banking system and analyze stochastic stability of inter-bank lending. The monetary reserves of banks are modeled as a system of interacting Feller diffusions. The model is simple enough for mathematical analysis, yet captures how lending preferences of banks affect possible multiple bank failures. In our model we quantify the lending preference from one bank to...

We consider a model of contagion in financial networks recently introduced in [1], and we characterize the effect of a few features empirically observed in real networks on the stability of the system. Notably, we consider the effect of heterogeneous degree distributions, heterogeneous balance sheet size and degree correlations between banks. We study the probability of contagion conditional on...

Riparian vegetation strips are widely used by river managers to increase streambank stability, among other purposes. However, though the effects of vegetation on bank stability are widely discussed they are rarely quantified, and generally underemphasize the importance of hydrologic processes, some of which may be detrimental. This paper presents results from an experiment in which the hydrolog...