Disclaimer The analysis and conclusions of this document are those of the authors. They do not necessarily reflect the official position of the AFD or its partner institutions. Foreword The " Impact Analyses " series aims to comprise works resulting from impact evaluations, and more largely, retrospective analyses of final results obtained in the framework of development policies or interventio...

This paper investigates the interplay between monetary aggregates and the dynamics and variability of output and prices by considering both the money supplied by commercial banks as credit to firms and the fiat money created by the central bank through the quantitative easing monetary policy. The authors address this problem by means of an agentbased model and simulator, called Eurace, which is...

Like Archimedes who demanded a place to stand so that he could move the Earth, scientific journals also need a firm point to stand on. We use this example because it stresses the importance of determining the journal’s specific research field by editorial policies. One of the basic strategies for medical journals is to define their scope, which helps them to target specific readership, attract ...

Statistical significance tests (SSTs) have been the object of much controversy among social scientists. Proponents have hailed SSTs as an objective means for minimizing the likelihood that chance factors have contributed to research results; critics have both questioned the logic underlying SSTs and bemoaned the widespread misapplication and misinterpretation of the results of these tests. The ...

This paper investigates the impact of macro-prudential policy (proxied by counter-cyclical capital buffer (CCyB)) on bank credit risk during uncertain times, as banking sector stability is crucial in promoting financial intermediation. Using a unique daily data set consisting 4939 default swaps (CDS) 70 banks from 25 countries over period 2010–2019, we find that CCyB tightening decreases bank-l...

Three types of payments confront in business dealings viz. advance, cash and credit. A payment is ubiquitously practiced, while a credit scheme escalates sales advance technique implemented to avoid cancellation orders. These are recognized as advance-cash-credit (ACC) which conventional transactions. By implicating ACC the aim determine optimal pricing ordering policies. Inventory items observ...

This is a heterodox review on macroeconomics according to the Austrian Economics. The business cycle theory explains origin of boom-bust cycles based difference between natural interest rates and banking rates, which comes from artificial processes monetary credit expansion. yield curve, an instrument detect deviation policies, forward indicator cycles. article studies impact curve slope requir...