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correlation (ADCC)-EGRARCH framework, we find that the average correlation between BRIS currencies in the pre-crisis period is low … and stood at 0.29, which rose to 0.39 in the post-crisis period implying contagion effects. Based on both ADCC results and …
Persistent link: https://www.econbiz.de/10014232595
A growing share of emerging markets (EMs) uses hybrid versions of inflation targeting that differ from the IT regimes of the OECD countries. Real exchange rate and international reserve changes affect the policy interest rates in commodity countries, aiming to stabilize their real exchange rate...
Persistent link: https://www.econbiz.de/10012219537
Objective: The objective of the article is to investigate how foreign capital influenced the development of insurance markets in EU-15 countries. Research Design & Methods: A critical review of literature is undertaken, contents of factors which influence development of insurance markets are...
Persistent link: https://www.econbiz.de/10012518104
This study investigates the determinants for the use of derivatives by firms in the Indian market. Using a sample of 433 firms listed in the National Stock Exchange (NSE) in India for the period 2013-2018, we find that firm size, debt to equity, turnover, price-earnings ratio and the magnitude...
Persistent link: https://www.econbiz.de/10012309158
This study examines the impact of political risk on Chinese outward foreign direct investment (OFDI) and what motivates their preferred location. The study also analyzes the OFDI of other countries to enhance the comparison of China and other countries’ OFDI sensitivity to political risk. The...
Persistent link: https://www.econbiz.de/10013373061
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
Theoretically based on national income accounting identities, the Feldstein-Horioka hypothesis downplays, if not totally ignores, the influence of monetary factors on international capital mobility. Recognizing the historical development of economics and the institutional arrangements of the...
Persistent link: https://www.econbiz.de/10014518598
and other market variables. To test the validity of this conception, this study applies a VAR-ADCC-BVGARCH model for 2 …
Persistent link: https://www.econbiz.de/10014233046
derive values of volatility for all variables; an asymmetry dynamic conditional correlation (ADCC) model to produce a measure …
Persistent link: https://www.econbiz.de/10012664825
January 2000 to April 2019, along with, DCC, ADCC and GO-GARCH models as well as a hedging effectiveness criterion, we …
Persistent link: https://www.econbiz.de/10013183878