This document provides an overview of interest rates and their impact on the economy. It discusses how interest rates act as signals in the market, helping to allocate resources efficiently. The key models used to demonstrate how interest rates work include the money market model, loanable funds market, and aggregate demand/aggregate supply. Monetary and fiscal policy can influence interest rates. For example, deficit spending by the government increases demand for loanable funds, putting upward pressure on rates. Higher interest rates can then "crowd out" private investment. The document defines important terms and concepts related to nominal and real interest rates, money supply, demand for money, and how the Federal Reserve uses tools like the discount rate and required reserve ratio to implement monetary policy.
Important terms used in economics. It is useful for people who are new to economics. These terms are helpful for ones who are studying in commerce stream.
MODERN MONEY: The way a sovereign currency “works”DevinDSmith
Presentation by L. Randall Wray at the conference: Central Banks, Financial Systems, and Economic Development, Banco Central de la Republica Argentina in Buenos Aires, Argentina on 10/2/2012
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Important terms used in economics. It is useful for people who are new to economics. These terms are helpful for ones who are studying in commerce stream.
MODERN MONEY: The way a sovereign currency “works”DevinDSmith
Presentation by L. Randall Wray at the conference: Central Banks, Financial Systems, and Economic Development, Banco Central de la Republica Argentina in Buenos Aires, Argentina on 10/2/2012
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
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Interest Rates Presentation.ppt
1. A Citizen’s Guide
to Interest Rates
What most people don’t know about
what really makes our economy go.
(…… but should)
2. The Secret Life of
Interest Rates
• The most important thing that interest
rates do is to act as signals for the market.
• Signal to save or borrow and spend.
• ir also serve to ration the available supply
of money to those who are willing and able
to use it most efficiently in the long run.
• Act as an automatic stabilizer to inflation.
3. Rationale
• Much of the internal doings of the U.S. (and
World) economy have to do with monetary and
fiscal policy decisions which affect interest rates.
• Any understanding of Economics is incomplete
without knowledge of how interest rates affect
and are affected by every other component of
the economy.
• Savings and Investment in Capital are where the
individual interfaces with these policies.
• Most individuals understand interest rates
imperfectly if at all.
4. Key Topics Regarding ir
• Identify models that should be used to
demonstrate economic theories and
discuss when to use which model.
• Identify important concepts and how to
apply them.
• Discuss ir using appropriate vocabulary
balancing jargon with concrete
explanations in plain English.
5. Key Concepts
• What are Interest Rates?
• Real vs. Nominal
• Money Supply and the Federal Reserve
• Money Demand
• Loanable Funds Market
• Fiscal policy and its impact on interest rates
• Crowding-Out Effect
• Bond Market
• Foreign Capital Injections and Leakages
6. The Relation Between Capital
Investment and Interest Rates
• Interest Rates DETERMINE the quantity of
Capital Investment and Savings in the Economy.
• Interest is the Opportunity Cost or “Price” paid
for the use of money
• Borrowers pay lenders for money to be used
now, and repay later with interest
• Savers earn interest because they are letting a
lender use their money now
• Lenders are financial intermediaries.
• Interest rate is stated as a percentage
7. Real ir vs. Nominal ir
• Appropriate abbreviations for Interest rate
include “ir”, “i”, and “r” (always lower-case)
• Nominal: loosely means “in name only”
• Nominal ir discussed in terms of current
price level
• Real: loosely means “adjusted for inflation”
• Real ir discussed in terms of actual
purchasing power.
8. How Nominal and Real Relate
• (Calculate) Nominal ir
– Inflation Rate
= Real ir
• If Nominal ir goes up, Real ir
doesn’t necessarily increase.
• If Real ir goes up, Nominal ir will
follow.
9. Graphic Models for ir
• Interest rates play a role in various graphic
models, the key is to figure out if they are
nominal or real ir.
• The Money Market Model is used to
discuss the supply of money as defined by
the FED. (nominal ir)
• The Loanable Funds Market is used to
reflect the saving and borrowing habits of
the private sector. (real ir)
10. Money Market Model
• Used to target the
Fed Funds Rate
through monetary
policy.
• Nominal ir
• Should be used in
conjunction with
AD/AS and
Investment Demand
models (Next Slide)
Money Market Model
Nominal
ir
ir
ir1
MS MS1
MD
QM QM1
Quantity of Money
11. Money Market Linked to Demand
for Capital Investment
Expansionary Policy
MS MS1
MD
Nominal
ir
ir
ir1
QM QM1
Quantity of Money
Investment Demand
I
Nominal
ir
I I1
Quantity of Capital Investment
12. Investment Linked to AD/AS
Investment in Capital
Nom
-inal
ir
I
ir
ir1
0 I I1
Quantity of Capital Investment
Price
level
PL1
PL
Y Y1
SRAS
AD (C+I+G)
AD1
(C+I1+G)
Real Gross Domestic Product
Expansionary Policy
13. Loanable Funds Market
• The Demand Curve for LF
represents private demand for
Loanable Funds.
• The Supply Curve for LF
represents private savings.
• LF model represents the real
ir. (abbrev. “r”)
• Supply of LF (savings) sets the
Prime Lending Rate.
• Government borrowing to
cover deficit spending will
move DLF to the right.
• Changes in the savings habits
of the private sector shift SLF
Loanable Funds Market
Real
ir
Quantity of Loanable Funds
DLF
SLF
r
QLF
14. Loanable Funds Theory of Interest
• The supply of loanable funds comes from
savers who deposit money in banks.
• Supply is positively-sloped because
people need an incentive to delay current
spending.
• Demand is negatively-sloped since higher
ir discourage borrowing and spending.
• Government borrows money from this
market when taxes don’t cover the bills.
15. Control of Interest Rates
• The majority of influence on interest rates comes
from the private sector.
• Rates react to changes in the individual desire of
private citizens to consume or invest in capital.
(or to save…)
• Investment spending and the interest sensitive
components of consumption spending are
inversely related to interest rates.
• The desire to save is positively related to ir.
16. Definitions of Money
• The Money Supply is broken down into
three categories:
M1: Cash, Currency, Checkable
Deposits, NOW accounts, etc…
M2: Savings (under $100,000), Short
time deposits, CD’s, MMF’s, etc…
M3: Deposits in excess of $100,000
and other long time deposits
17. The Demand for Money
• This is a uniquely Macroeconomic
concept
• At any given time, there is a finite
quantity of money in circulation
(M2 is Inelastic).
• The transaction demand (M1)
depends on GDP because
incomes = expenditures.
18. Fiscal Policy
• Most expansionary government spending
programs are financed through borrowing.
• Budget deficits will increase the demand
for loanable funds and cause real ir to rise
• Contractionary fiscal policy will cause
budget surplus
• Budget surplus will reduce the demand for
money and reduce interest rates
19. Deficit Spending
• Government demands loanable funds to
pay for deficit fiscal spending
• By increasing the D for LF, the real ir
increases. Loanable Funds Mkt.
Qty. of Loanable Funds
Real
ir
20. Crowding Out
• The increased real ir caused by deficit
fiscal spending causes a decrease in
private Investment spending and the
interest-sensitive component of
Consumption spending.
• This lost investment and consumption is
said to have been crowded out.
• Crowding out is an effect, never a cause.
21. Crowding Out and AD/AS
Deficit Fiscal Policy
SLF (Private Savings)
DLF
(Private
Demand)
DLF1 (Private
+
Government)
Real ir
r1
r
QLF QLF1
AD
(C+I+G)
AD1
(C+I+G1)
AD2
(C+(I-I1)+G1)
Price
Level
AD shifts to AD1 when G increases
Then shifts back to AD2 as I falls due to
the increase in interest rates.
Pl1
Pl2
PL
Y Y2 Y1
Quantity of Loanable Funds Real Gross Domestic Product
SRAS
22. Barro-Ricardo Effect
• The Barro-Ricardo Effect is feedback caused by
a Crowding Out effect.
• Higher interest rates associated with Crowding
Out cause individuals to save more of their
incomes.
• The rise in savings increases the supply of
loanable funds, thereby reducing the real
interest rate.
• The B-R effect has a smaller impact and usually
doesn’t fully negate a crowding out effect.
23. Monetary Policy
• Money is Neutral: any changes of the money
supply can stabilize the economy.
• Any attempt to grow the economy will result in
inflation.
• At any moment, the money supply is fixed
• The supply of money is controlled by the Federal
Reserve (the FED), using three main
techniques.
• Discount Rate, Fed Funds Rate, & Required
Reserve Ratio.
24. Expansionary and
Contractionary Policy
• Expansionary Policies are used to increase the
money supply (ex. Decrease RRR, Discount or
Fed Funds Rate)
• Contractionary Policies are used to reduce the
money supply (ex. Raise RRR, Discount or Fed
Funds Rate)
• Interest rates increase and decrease in an
inverse relationship with changes in the money
supply.
25. The Discount Rate
• This is the interest rate that banks pay to
borrow emergency cash from the FED
• Also known as the “Overnight” rate.
• Short term loans cover checkable deposits
held by the banks and the FED.
• These are determined at the district level
but are adjusted with input from D.C.
• The FED is the lender of last resort.
26. Required Reserves Ratio
• Banks are required to retain some of their
deposits on hand in the form of vault cash or
on deposit at a federal reserve bank.
• The quantity of reserve is determined as a
percentage of checkable deposits.
• That percentage is called the RRR or Required
Reserve Ratio.
• 1/RRR = Simple Deposit Expansion Multiplier
• The multiplier determines the total growth of the
money supply from checkable deposits.
27. Fed Funds Rate
• AKA the “Immediate rate”, it is the ir that banks
charge each other to borrow money
• The supply of money relative to the demand for
it determines the ir.
• The FFR is not set at a particular %, but is
“targeted” by changing the money supply
through the purchase or sale of bonds on the
open market.
• Buying bonds from the public pumps money
into the economy, selling bonds takes money
out of the system.
28. The Bond Market
• Bonds are loans made to the government by
individuals and institutions with a guaranteed
rate of return and a clearly defined time limit.
• Bond Prices and ir are inversely related
• Governments (state, federal, and local) use the
sale of bonds to pay for deficit spending.
• The FED buys and sells bonds to stabilize the
economy after deficit spending.
• Bond rates send signals to both domestic and
international buyers.
29. Net Foreign Investment
• High Interest rates in the U.S. encourage net
foreign investment in U.S. Bonds. D for $ rises,
exports down, and imports up.
• Low Interest Rates in the U.S. discourage net
foreign investment in U.S. Bonds. D for $ falls,
exports up, and imports down.
• Increased Net Investment in U.S. Bonds is
called Capital Inflow (or “Injection”).
• Decreased Net Investment in U.S. Bonds is
called Capital Outflow (or “leakage”).