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Ebook Financial globalization and the implications for monetary and exchange rate policy

... economics, purchasing power parity and uncovered interest rate parity, to describe the relation between prices, interest rates, ... to the literature by analyzing in a unified framework how these two concepts and possible alternatives used in the literature affect ...

Story - puput - 10/14/2010 - 08:51 - 0 comments - 0 attachments

Ebook Financial fragility in emerging markets: firm balance sheets and the sectoral structure

... it acts as a stabilizing buffer, so that the real exchange rate needed to close the gap is not very depreciated. But the sectoral ... Tornell’s (2004) framework and builds a model to study how the allocation of resources between the tradable and non-tradable sectors ... namely the financial openness and the international interest rate. In particular, a permanent increase in the supply of ...

Story - puput - 10/21/2010 - 07:14 - 0 comments - 0 attachments

Ebook Global Liquidity: Availability of Funds for Safe and Risky Assets

... advanced economies. But what is global liquidity and how does it influence the economy? This paper provides an answer to that ... risky assets. The corresponding prices are the risk-free interest rate and the risk premium. Segmentation of asset markets receives more ...

Story - puput - 06/15/2011 - 02:43 - 0 comments - 0 attachments

Ebook Wealth Effects of Bank Restructuring Policies following the Asian Financial Crisis

... in Indonesia, Korea, Malaysia and Thailand revealed how poor lending practices and overleveraging in the corporate sector led to ... shocks of exchange rate devaluation and sharp increases in interest rate raised the real value of debt and debt service requirements. As a ...

Story - puput - 10/12/2010 - 07:52 - 0 comments - 0 attachments

Ebook Taking Stock Seriously: Equity Market Performance, Government Policy, and Financial Globalization

How do government policies and institutions affect equity market performance ... scholars have investigated the political correlates of interest rate premiums in government bond markets (Mosley 2003, Saiegh 2005, Wibbels ...

Story - puput - 10/12/2010 - 07:09 - 0 comments - 0 attachments

PDF Ebook Crisis, Contagion, and East Asian Stock Markets

... hence, it has been measured on stock market returns, interest rates, exchange rate or linear combinations of them. This paper tests ... might affect or influence otherwise sound economies, and how these effects might somehow be mitigated. Research efforts have ...

Story - antoq - 11/11/2010 - 07:23 - 0 comments - 0 attachments


Ebook Managing Risks for Corporate Integrity

Submitted by antoq on Tue, 12/16/2008 - 01:55

The corporate scandals that began in the early 2000s with Enron revealed business ethics as a key element of corporate responsibility. Investors were suddenly faced with the realization the underlying integrity of financial statements and their ability to make good investment decisions requires a better understanding of non-financial performance and its impact on financial performance. The burden now is placed upon corporations to find a meaningful way to measure non-financial performance as a means of communicating corporate integrity.

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Ebook Economic Analysis: Risk to U.S. Apple, Grape, Orange and Pear Production from the Light Brown Apple Moth, Epiphyas postvittana

Submitted by wulan on Sat, 12/12/2009 - 02:07

We conducted this economic analysis at the request of USDA-APHIS-PPQ-EDP. Our objective was to quantitatively characterize the annual economic costs that the light brown apple moth (LBAM), Epiphyas postvittana, could cause to U.S. apple, grape, orange and pear crops if it were to establish throughout its potential range in the conterminous United States. This information can be used to inform regulatory policy and funding decisions regarding LBAM.

LBAM is a polyphagous multivoltine tortricid moth (Johnson et al., 2007). It is a significant agricultural and nursery pest in Australia and New Zealand where it attacks a variety of hosts including: citrus, grapes, pome fruits and stone fruits. LBAM damages hosts by feeding on the leaves, fruit and stems and can cause both internal and external fruit damage. If left untreated, LBAM crop damage levels have been estimated to be as high as 40 to 90 percent (Sutherst, 2000).

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Ebook Reforming Corporate Law in an Emerging Market: The Case of Finland in the 1970’s

Submitted by puput on Tue, 04/12/2011 - 04:19

Law and finance literature stemming from the works of La Porta, Lopez-de-Silanes, Shleifer and Vishny (LLSV) (1997, 1998) suggests that upgraded investor protection should promote the development of financial markets. Several authors suggest a critical role for investor protection improvements in supporting growth of emerging markets (e.g., Johnson, Boone, Breach and Friedman, 2000, Pistor, 2000, Glaeser, Johnsson and Shleifer, 2001, Mitton, 2002, La Porta, Lopez de-Silanes and Shleifer, 2006, and Mueller, 2006). However, some evidence concerning effects of the US Sarbanes-Oxley Act of 2002 (SOX) (e.g., Engel, Hayes and Wang, 2007, Litvak, 2007, and Zhang, 2007) casts a doubt on whether improvements of investor protection are always beneficial for financial market development, irrespective of their implementation costs.

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