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negative effects of a credit card holder money demand is due to borrowing. Some studies have been done on the credit card transaction as an alternative means. Warwick & Mansfield, (2000, pp. 617-626) believes that credit card ownership and ...
Economies around the world are in a liquidity trap. Conventional monetary policy will not be sufficient to generate recovery’. The alternative policy responses and their costs and benefits with reference to the US or the UK.’ It has often b...
China's genuine whole household merchandise (GDP) increased at an mean annual rate of almost 10%; it increased 13% in 2007 (the fastest annual development since 1994). However, the present international economic urgent position has strike C...
new classical approach and Keynesian approach of aggregate demand and aggregate supply. The neoclassical economics analyze the price formation through the study of a market rather than confrontation between supply and demand. New classical ...
currency values play a considerable role in their price movements. Therefore, stock price innovations may affect, or be affected by, exchange rate dynamics. Empirically, Jorion (1990), and Bartov and Bodnar (1994) fail to find a significant...
financial health of the US financial institutions and the US economy. US will fall into recession but they seem no signs of improvement even after a series of interest rate cut in US. The U.S. and global stock markets have declined 4-5% due...
full employment lowers. The current account balance increases, increasing aggregate demand and shifting IS to the right. Given a fixed exchange rate and less than full employment, small-open-economy equilibrium is determined by the interse...