Similar Search Results

On the choice of the discount rate and the role of financial variables and physical parameters in estimating the levelized cost of energy

Manzhos, Sergei - In: International Journal of Financial Studies : open … 1 (2013) 3, pp. 54-61

argue that the risk-free rate should be used for discounting when assessing and comparing the cost of energy across … efficiency when applied to photovoltaics. The importance of device efficiency is re-established under the treatment of the …

Persistent link: https://www.econbiz.de/10010197487

Income Structure, Competitiveness, Profitability, and Risk: Evidence from Asian Banks

Chunhachinda, Pornchai; Li, Li - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 03, pp. 1450015-1

This paper investigates the impact of Asian banks' income structure on competitiveness, profitability, and risk over … risk and asset risk but lowers insolvency risk, ROA and ROE. On the other hand, higher exposure of net fees and commissions … reduces return volatility, market risk, and asset risk but increases insolvency risk, ROA, and ROE. Further, exposure to …

Persistent link: https://www.econbiz.de/10010887054

Beta Estimation and Stability in the US-Listed International Transportation Industry

Gong, Stephen X. H.; Firth, Michael; Cullinane, Kevin - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 03, pp. 463-490

Although perceived as risk-laden, cyclical businesses with high financial and operating leverage, relatively low beta … estimation design and that industry beta risk is time-varying. This has implications for the industry cost of capital and pricing …

Persistent link: https://www.econbiz.de/10005080768

Tracing the International Transmission of a Crisis Through Multinational Firms

Biermann, Marcus; Huber, Kilian - National Bureau of Economic Research - 2023

We show that multinational firms transmit shocks across countries through their internal capital markets. We study a credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through internal lending, became financially constrained...

Persistent link: https://www.econbiz.de/10014247983

Sudden stops and currency crises

Efremidze, Levan; Schreyer, Samuel M.; Sula, Ozan - In: Journal of Financial Economic Policy 3 (2011) November, pp. 304-321

Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical...

Persistent link: https://www.econbiz.de/10010611023

Tests of the Functional Form, the Wealth Effect, Currency Substitution, and Capital Mobility for Taiwan's Money Demand Function

Hsing, Yu - In: Review of Pacific Basin Financial Markets and Policies … 10 (2007) 03, pp. 329-339

The Box–Cox transformation indicates that the log-linear form for M2 demand cannot be rejected while the Fair (1987) specification and the linear form can be rejected at the 5% level in favor of general functional form. M2 demand is positively influenced by real GDP, the deposit rate, and the...

Persistent link: https://www.econbiz.de/10004970148

Real Exchange Rate Behavior under Peg: Evidence from the Chinese RMB and Malaysian MYR

E, Yongjian; Gu, Anthony Yanxiang; Yang, Chau-Chen - In: Review of Pacific Basin Financial Markets and Policies … 12 (2009) 01, pp. 141-158

The exchange-rate behavior of the Chinese yuan (RMB) and the Malaysian ringgit (MYR) indicates that the real exchange rate volatility of both the pegged currency/the anchor currency (the US dollar), and the pegged currency/the non-anchor currencies (Japanese yen and British pound) are lower...

Persistent link: https://www.econbiz.de/10004965143

On the Maintenance Costs and Exit Costs of the Peg in Hong Kong

Yip, Paul S. L. - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 03, pp. 377-403

This paper attempts to pioneer a discussion on the exit and maintenance costs of the Currency Board System (CBS) in Hong Kong, and hopes to invite more debate on the issue. It suggests that the exit costs will depend on the timing of an exit, whether there are supplementary packages to mitigate...

Persistent link: https://www.econbiz.de/10005080750

As American as Apple Inc. : international tax and ownership nationality

Sanchirico, Chris William - 2014

The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside

Persistent link: https://www.econbiz.de/10011387732

The "Big C": Identifying Contagion

Forbes, Kristin - National Bureau of Economic Research (NBER) - 2012

This paper surveys and assesses the academic literature on defining, measuring, and identifying financial contagion and the various channels by which it can occur. It also includes new empirical analysis of recent trends and causes of contagion, highlighting contagion risks in the euro area. The...

Persistent link: https://www.econbiz.de/10010950725