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Record Nr. |
UNINA9910463707203321 |
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Autore |
Stone Mark R (Mark Richard) |
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Titolo |
From Lombard Street to Avenida Paulista [[electronic resource] ] : foreign exchange liquidity easing in Brazil in response to the global shock of 2008-09 / / Mark R. Stone, W. Christopher Walker, and Yosuke Yasui |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, 2009 |
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ISBN |
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1-4623-5676-1 |
9786612844539 |
1-4518-7405-7 |
1-282-84453-9 |
1-4527-8940-1 |
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Descrizione fisica |
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1 online resource (53 p.) |
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Collana |
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IMF working paper ; ; WP/09/259 |
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Altri autori (Persone) |
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WalkerW. Christopher |
YasuiYosuke |
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Soggetti |
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Foreign exchange rates - Brazil |
Futures - Brazil |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Medium and Large Emerging Market Economies, Number of Central Bank Foreign Exchange Liquidity Easing Measures, 2008-09; II. Background for Brazil; 1. Brazil-Exchange Rate level and Volatility During the Crisis; 2. Cupom Cambial and LIBOR; III. Policy Context; IV. Empirical Analysis; 2. Estimates of the Effect of the BCB's Announcements and Interventions on the Spot Rate15; 3. Estimates of the Effect of the BCB's Announcements and Interventions on the Implied Volatility |
4. Estimates of the Effect of the BCB's Announcements and Interventions on Basis SpreadV. Closing Thoughts; 1. Cupom Cambial and Basis Spreads; 2. Foreign Exchange Measures of the Banco Central do Brasil, September 2008-May 2009; 3. Quotes from Lombard Street; 4. Data Description; 5. Unit Root Tests; References; Footnotes |
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Sommario/riassunto |
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The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper documents and analyzes the foreign exchange liquidity providing measures of the Banco Central do Brasil (BCB) in response to varied market stresses. These measures appear to have reduced the relative onshore cost of dollar liquidity on impact and seemed to stabilize market expectations of exchange rate volatility. The results suggest that foreign exchange |
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2. |
Record Nr. |
UNISA996279879003316 |
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Titolo |
ANSI/IEEE C37.34d-1984 : IEEE Standard Test Code for High-Voltage Air Switches / / Switchgear Committee of the IEEE Power Engineering Society |
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Pubbl/distr/stampa |
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Piscataway, NJ : , : IEEE, , 1984 |
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ISBN |
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Descrizione fisica |
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1 online resource (2 pages) |
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Disciplina |
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Soggetti |
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Electric switchgear - Standards |
Electric switchgear - Testing |
High voltages |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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The purpose of the mechanical operations test for high-voltage air switches is to demonstrate the ability of a completely assembled switch to operate satisfactorily during its operating life expectancy. The test code has been patterned after IEC Publication 129, Specifications for Alternating Current Disconnectors (Isolators) and Earthing Switches, paragraph 48. The following specific comments noted are to assist in the evaluation of each section of the supplement stated below: 4.3 It is necessary to motor operate at minimum and maxium control voltage |
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(as in IEC Publication 129) because operation at other than rated control voltage may produce significantly different forces and stresses from those produced during norma! voltage operatian. 4.4 IEC Publication 129 allows lubrication during the test, These proposed revisions do not. 5.3 Final judgment for acceptable completion of the mechanical nperations test (if there is any concern about contact pressure loss, voltage drop increase, or resistance increase through mechanical wear) requires satisfactory completion of a temperature rise or short-time current test. |
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