The Economic and Social Review, Vol. 21, No. 4, July, 1990
Recent Submissions
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Hedging with the IFOX Long Gilt Future: A note
(Economic & Social StudiesDublin, 1990)Traditional theory emphasises the risk avoidance potential of futures. An alternative hypothesis (Working's hypotheses) emphasised expected profit maximisation. Portfolio theory is a combination of the first two hypothesis, ... -
Capital adequacy requirements, deposit insurance and bank behaviour
(Economic & Social StudiesDublin, 1990)As financial market regulations have been eliminated over the past decade, the fragility of the international financial system has been exposed. In turn, this has generated interest in the design of prudential regulations ... -
Modelling the dynamics of the term structure of interest rates
(Economic & Social StudiesDublin, 1990)In order to provide tractable bond pricing formulae, the arbitrage theories of the term structure make specific assumptions as to the number, identity and process generating the underlying forcing variables. This paper ... -
Money demand in Ireland 1972-1989: a dynamic equation
(Economic & Social StudiesDublin, 1990)The relationship between the demand for real money and its principal determinants is the vital link by which the actions of the monetary authorities affect the real economy. The estimation of money demand functions that ... -
The causes of Ireland's unemployment
(Economic & Social StudiesDublin, 1990)We outline a small model of the Irish labour market and use it to explain what has happened over the last 10 years. We conclude that Irish unemployment problems in the 1980s were due to international demand-side factors, ...