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UPDATE `aff_pdf_cache` SET `cache` = 'a:10:{i:0;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"6954\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:68:\"Exchange rate depreciation, interest rate cut and tighter liquidity\";s:11:\"description\";s:1026:\"On March 27 it was announced that the fluctuation band of the exchange rate would be abolished, and
\nthe reform took effect the following day. Over the days prior to that, the króna came under serious pres-
\nsure. The exchange rate slid even further after the reform and has now weakened by 7.3% since the
\nbeginning of the year. Of this figure, 5.2% occurred in the period after the March reform. At the same
\ntime as the new exchange rate framework was adopted, the Central Bank lowered interest rates on its
\nrepo agreements by half a percentage point. The interest rate cut was based on the assessment that infla-
\ntion would decelerate next year and that the overheating targeted by the Bank with its measures over the
\npast few years would ease. The interest rate differential with abroad changed little, however, and has
\nremained relatively stable since mid-January. Bond yields have fallen somewhat and share prices have
\nlost more than 14% since the New Year.
\n\";s:5:\"thumb\";s:82:\"images/t/70/exchange-rate-depreciation-interest-rate-cut-and-tighter-liquidity.jpg\";s:6:\"thumb2\";s:83:\"images/t2/70/exchange-rate-depreciation-interest-rate-cut-and-tighter-liquidity.jpg\";s:9:\"permalink\";s:66:\"exchange-rate-depreciation-interest-rate-cut-and-tighter-liquidity\";s:5:\"pages\";s:1:\"5\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:1;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"463441\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:16:\"complianceonline\";s:9:\"author_id\";s:5:\"77518\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:106:\"Interest Rate Risk Management training|Banking Regulatory Requirement|Net Interest Income Simulation Model\";s:11:\"description\";s:288:\"This training highlights how community banks can use modeling tool to better control risks, improve profits, understand components of interest rate risk and integrate into a sound profit planning process.\nhttp://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=702987\n\";s:5:\"thumb\";s:118:\"images/t/4635/interest-rate-risk-management-training-banking-regulatory-requirement-net-interest-income-simulation.jpg\";s:6:\"thumb2\";s:119:\"images/t2/4635/interest-rate-risk-management-training-banking-regulatory-requirement-net-interest-income-simulation.jpg\";s:9:\"permalink\";s:100:\"interest-rate-risk-management-training-banking-regulatory-requirement-net-interest-income-simulation\";s:5:\"pages\";s:1:\"1\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:2;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"435705\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:13:\"jakobpeter577\";s:9:\"author_id\";s:6:\"582350\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:77:\"Seneca Banking Consultants provide Solutions for Mis-Sold Interest Rate Swaps\";s:11:\"description\";s:218:\"The Seneca Group, an independent investment and alternative asset management firm, is providing a solution for the mis-sold interest rate swaps that are often aggressively sold by banks to small and medium enterprises.\";s:5:\"thumb\";s:95:\"images/t/4358/seneca-banking-consultants-provide-solutions-for-mis-sold-interest-rate-swaps.jpg\";s:6:\"thumb2\";s:96:\"images/t2/4358/seneca-banking-consultants-provide-solutions-for-mis-sold-interest-rate-swaps.jpg\";s:9:\"permalink\";s:77:\"seneca-banking-consultants-provide-solutions-for-mis-sold-interest-rate-swaps\";s:5:\"pages\";s:1:\"2\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:3;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"465816\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:13:\"jakobpeter577\";s:9:\"author_id\";s:6:\"582350\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:80:\"Seneca Banking Consultants Now Providing Solutions for Interest Rate Swap Claims\";s:11:\"description\";s:211:\"The Seneca Group, an independent investment and alternative asset management firm, is now actively providing solutions for interest rate swap claims that are raised due to inappropriate and poor sales practices.\";s:5:\"thumb\";s:98:\"images/t/4659/seneca-banking-consultants-now-providing-solutions-for-interest-rate-swap-claims.jpg\";s:6:\"thumb2\";s:99:\"images/t2/4659/seneca-banking-consultants-now-providing-solutions-for-interest-rate-swap-claims.jpg\";s:9:\"permalink\";s:80:\"seneca-banking-consultants-now-providing-solutions-for-interest-rate-swap-claims\";s:5:\"pages\";s:1:\"2\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:4;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"108061\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:4:\"alta\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:36:\"Introduction To Fixed Income Markets\";s:11:\"description\";s:37:\"Introduction To Fixed Income Markets \";s:5:\"thumb\";s:81:\"data/thumb/Introduction-To-Fixed-Income-Markets-Presentation-Transcript-36031.jpg\";s:6:\"thumb2\";s:82:\"data/thumb2/Introduction-To-Fixed-Income-Markets-Presentation-Transcript-36031.jpg\";s:9:\"permalink\";s:36:\"introduction-to-fixed-income-markets\";s:5:\"pages\";s:2:\"21\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:5;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"180184\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:10:\"nishagoyal\";s:9:\"author_id\";s:5:\"54357\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:40:\"Concavity and the Second Derivative Test\";s:11:\"description\";s:797:\"What do you understand by concavity and the second derivative test? Before\nmoving to this, first start with Concavity as you can’t understand anything about\nsecond derivative test without learning concavity.\nSuppose f is differentiable on an open interval I. The graph of f is concave\nupward on I if the f\' is increasing on the interval or f\'\' is positive in the interval I.\nAnd if we see that the graph of f is concave downward on I if the f\' is decreasing\non the interval or f\'\' is negative in the interval I.\nComing to second derivative test let’s assume that two differentiable function\nhas a relative maximum at x=c then the derivative is positive to the left of c and\nnegative to the right of c. If we move from positive to negative it means the\nderivative is decreasing at x=c.\n\";s:5:\"thumb\";s:58:\"images/t/1802/concavity-and-the-second-derivative-test.jpg\";s:6:\"thumb2\";s:59:\"images/t2/1802/concavity-and-the-second-derivative-test.jpg\";s:9:\"permalink\";s:40:\"concavity-and-the-second-derivative-test\";s:5:\"pages\";s:1:\"4\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:6;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"274681\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:4:\"John\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:89:\"Mid-year outlook: 2012 guide to identifying opportunities across the fixed income markets\";s:11:\"description\";s:89:\"Mid-year outlook: 2012 guide to identifying opportunities across the fixed income markets\";s:5:\"thumb\";s:106:\"images/t/2747/mid-year-outlook-2012-guide-to-identifying-opportunities-across-the-fixed-income-markets.jpg\";s:6:\"thumb2\";s:107:\"images/t2/2747/mid-year-outlook-2012-guide-to-identifying-opportunities-across-the-fixed-income-markets.jpg\";s:9:\"permalink\";s:88:\"mid-year-outlook-2012-guide-to-identifying-opportunities-across-the-fixed-income-markets\";s:5:\"pages\";s:1:\"6\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:7;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"8817\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:96:\"The Liquidity, Income, and Fisher Effects of Money on Interest: The Case of Developing Country\";s:11:\"description\";s:956:\"This paper examines empirically the dynamic effect of money
\nsupply on interest rates. Since previous studies have a misspecifi-
\ncation problem and overestimate the Fisher effect from the increase
\nin money supply on interest, they do not And the dynamic response
\nof money on interest rate. In order to provide the plausible dynamic
\nrelationship between money supply and interest rate and investi-
\ngate how long the liquidity effect exists, this paper applies vector
\nautoregressive (VAR) model and impulse response function.
\nBased on these econometric methods this paper reports new evi-
\ndence on this issue. That is, the liquidity effect does not vanish fast,
\nrather it appears to be significant during the first 5-7 quarters. The
\naccumulative effect of money supply on interest rate is that the liq-
\nuidity effect would be dominant over the income effect and the
\nFisher effect. \";s:5:\"thumb\";s:107:\"images/t/89/the-liquidity-income-and-fisher-effects-of-money-on-interest-the-case-of-developing-country.jpg\";s:6:\"thumb2\";s:108:\"images/t2/89/the-liquidity-income-and-fisher-effects-of-money-on-interest-the-case-of-developing-country.jpg\";s:9:\"permalink\";s:91:\"the-liquidity-income-and-fisher-effects-of-money-on-interest-the-case-of-developing-country\";s:5:\"pages\";s:2:\"17\";s:6:\"rating\";s:1:\"1\";s:5:\"voter\";s:1:\"1\";}i:8;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"9134\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:83:\"Flawed Interest Rate Policy and Loan Default: Experience from a developing country\";s:11:\"description\";s:698:\"Persistent industrial loan defaults and massive loan loss have
\nbecome a regular feature in developing countries. Despite
\napplication of conventional remedial measures, loan loss
\ncontinued to haunt the banks and development finance institutions
\n(DFIs) since mid-1980s. This paper tests this hypothesis that loan
\ndefault is associated with high interest rates. The evidence
\ncollected from 89 industrial firms in Bangladesh supported this
\nhypothesis. This suggests that interest rates policy should be
\nrationalized to increase the repayment ability of the borrowers
\nwhich would reduce persistent loan defaults in developing
\ncountries.
\n\";s:5:\"thumb\";s:97:\"images/t/92/flawed-interest-rate-policy-and-loan-default-experience-from-a-developing-country.jpg\";s:6:\"thumb2\";s:98:\"images/t2/92/flawed-interest-rate-policy-and-loan-default-experience-from-a-developing-country.jpg\";s:9:\"permalink\";s:81:\"flawed-interest-rate-policy-and-loan-default-experience-from-a-developing-country\";s:5:\"pages\";s:2:\"12\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:9;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"14929\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:7:\"samanta\";s:9:\"author_id\";s:4:\"1916\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:82:\"(UN)NATURALLY LOW? SEQUENTIAL MONTE CARLO TRACKING OF THE US NATURAL INTEREST RATE\";s:11:\"description\";s:793:\"Following the 2000 stock market crash, have US interest rates been held \"too low\" in relation to their natural level? Most likely, yes. Using a structural neo-Keynesian model, this paper attempts areal-time evaluation of the US monetary policy stance while ensuring consistency between the specication of price adjustments and the evolution of the economy under ‡ exible prices. To do this, the model\'s likelihood function is evaluated using a Sequential Monte Carlo algorithm providing inference about the time-varying distribution of structural parameters and unobservable, nonstationary state variables. Tracking down the evolution of underlying stochastic processes in real time is found crucial (i) to explain postwar Fed\'s policy and (ii) to replicate salient features of the data.\";s:5:\"thumb\";s:97:\"images/t/150/un-naturally-low-sequential-monte-carlo-tracking-of-the-us-natural-interest-rate.jpg\";s:6:\"thumb2\";s:98:\"images/t2/150/un-naturally-low-sequential-monte-carlo-tracking-of-the-us-natural-interest-rate.jpg\";s:9:\"permalink\";s:80:\"un-naturally-low-sequential-monte-carlo-tracking-of-the-us-natural-interest-rate\";s:5:\"pages\";s:2:\"52\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}}', `cache_on` = '2015-02-27 17:42:22' WHERE `aff_id` = '10039'