This book investigates to what extent the quality of eligible collateral is able to explain inflation. Addressing this question, hypotheses derived from the "Theory of Property Economics" by Heinsohn & Steiger are tested. Data are collected using a questionnaire, answered by central banks. An index of the quality of eligible collateral is constructed. Regression analyses are performed based on a sample of 62 countries for the period 1990 to 2003. A negative, robust and statistically significant correlation between inflation and the quality of eligible collateral is found. Central bank independence cannot contribute to the explanation of inflation. The result supports the theory of Heinsohn & Steiger: Securitisation of central bank lending is crucial for price stability.
22 Finally, Ize argues that central bank recapitalisations call for an extensive
policy debate.223 He develops a simple framework to assess central bank
capital adequacy and, using capital structure data for a broad sample of central
banks, ...
Posisi jang baik ini akan menimbulkan kepertjajaan bagi para Kreditur untuk
memberikan kredit ( misalnja kredit leveransir ) kepada □ perusahaan jang
bersangkutan. 2. Posisi solvabilitas jang baik menundjukkan kemampuan
perusahaan ...
Kemudian kami ajak bergabung Mas Abdurrahman Wahid, Masdar Farid Mas'udi
dan Mas Asnawi Latif. Kadang kami ajak Mas Musthofa Bisri dari Rembang dan
Mas Tohir Muhammad dari Surabaya. Setelah lama berdiskusi kami sampai ...