Savers' Surplus and the Interest Rate
β Scribed by A. B. Wolfe
- Book ID
- 123858056
- Publisher
- MIT Press
- Year
- 1920
- Tongue
- English
- Weight
- 778 KB
- Volume
- 35
- Category
- Article
- ISSN
- 0033-5533
- DOI
- 10.2307/1883568
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
In the classical continuous time surplus process, we allow the process to continue if the surplus falls below zero. When the surplus is below zero, we assume that the insurer borrows any sum of money required to pay claims, and pays interest on this borrowing. We use simulation to study moments and
## Abstract One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However, we note that both theoretical considerations and empirical results do not offer a definite answer on the link between exchange rate arrangement and policy dependence.