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Ebook Financial Globalization and Debt Maturity in Emerging Economies

The advocates of financial globalization argue that the integration of countries with the world ... become more able to borrow long term. All these potential advantages have prompted most emerging economies to liberalize their financial ...

Story - puput - 10/14/2010 - 08:32 - 0 comments - 0 attachments

Ebook Global Financial Crisis: Reasons, Effects And Solutions

According to Mishkin (2007), globalization is the opening of domestic markets to foreign goods and direct investment, as well as to foreign capital and foreign financial institutions. Relating to the nowadays context of the global ... the current situation. Section three presents salient advantages and disadvantages of globalization, which is the essence of ...

Story - wulan - 11/21/2009 - 02:21 - 0 comments - 0 attachments

Ebook Methodological Problems Of Quantitative Credit Risk Modeling In The Czech Economy

... of market reform since 1990 has coincided with a wave of financial deregulation worldwide, as well as the globalization of banking business. Potentially, the emerging Czech banking ...

Story - puput - 10/04/2010 - 07:22 - 0 comments - 0 attachments

Ebook On Booms and Crashes: Financial Liberalization and Stock Market Cycles

... support for domestic and international liberalization of financial systems . In the aftermath of the Asian crisis, many voices were raised arguing that globalization had gone too far and had led to extremely erratic capital markets ...

Story - puput - 10/15/2010 - 07:42 - 0 comments - 0 attachments

Ebook Financial Integration and Business Cycle Synchronization

Standard theoretical models predict that financial integration should lead to a lower degree of business cycle ... developed countries. Our data set gives us three main advantages over the previous studies and helps us to identify the effect of ... correlation of countries’ output cycles. Yet, financial globalization goes hand-in-hand with trade integration, where the latter can ...

Story - puput - 10/15/2010 - 07:11 - 0 comments - 0 attachments

Ebook The Derivatives Market in South Africa: Lessons for sub-Saharan African Countries

... Derivatives markets can facilitate the management of financial risk exposure, since they allow investors to unbundle and transfer ... enhance liquidity, manage risk, and meet the challenges of globalization. However, like other emerging derivatives markets, the ...

Story - puput - 10/08/2010 - 07:54 - 0 comments - 0 attachments


Ebook Do Financial Constraints Hold Back Innovation and Growth? Evidence on the Role of Public Policy

Submitted by wulan on Thu, 01/28/2010 - 06:38

Does enterprise lead and finance follow, as Joan Robinson (1952) and others after her have argued? Or is it the other way around? The extent to which imperfections in capital markets restrain investment and growth has been the objective of intensive research both at the firm (see Hubbard 1998 for a survey), industry (Rajan and Zingales 1998, RZ henceforth) and country level (King and Levine, 1993). This strand of research, and its complement, the research studying the effects of public policy on firm performance (see, e.g., Lerner 1999, and Wallsten 2000 who study the US SBIR program but reach opposite conclusions, and Lach 2002 and Jaffe 2002) , have been hampered by a number of problems in trying to establish the causality between finance and firm growth.

Although the two literatures have so far developed relatively independently from each other, the objective of this paper is to provide evidence on the question of causality by borrowing insights from both. To deliver the evidence we study the effects of public policy (measured by government funding) on the behavior of privately owned, small and medium sized enterprises (SMEs) in Finland.

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Ebook Functionally Based Virtual Computer Art

Submitted by antoq on Wed, 12/31/2008 - 01:49

In general, computer art may not necessarily mean that an exact simulation of the original art is to be performed. With the computer, some absolutely new forms, shapes, and expressive techniques, not available in real life, can be created. Also, to simulate the existing artistic techniques, the computer often does the whole job for the artist.

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Ebook The information content of implied volatility in the crude oil futures market

Submitted by puput on Mon, 06/06/2011 - 03:51

Financial market volatility plays a very important role in the theory and practice of asset pricing, risk management, portfolio selection and hedging. Because of its importance, both market participants and financial academics have long been interested in estimating and predicting future volatility.

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