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Efficiency of Banks in Regions at Different Stage of European Integration Process

Stavarek, Daniel - EconWPA - 2005

This paper estimates commercial banks’ efficiency in three relatively homogenous groups of countries with different … European integration and economic situation are visible also in banking efficiency. Thus we test the hypothesis that the higher … degree of European economic integration and economic development goes hand in hand with higher baking efficiency. Employing …

Persistent link: https://www.econbiz.de/10005413069

Analysis of UAE Bank Stocks

Rao, Ananth - EconWPA - 2003

Listing of stocks on the stock exchange offers business firms several advantages such as diversification, liquidity, establishing a value for the firm etc. The present paper analyses stocks of six commercial banks (viz., Dubai Commercial Bank, Emirates Bank International, National Bank of Dubai,...

Persistent link: https://www.econbiz.de/10005413135

Efficiency of Islamic Banks: an Empirical Analysis of 18 Banks

Yudistira, Donsyah - EconWPA - 2004

performance of 18 Islamic banks over the period 1997-2000. Unlike previous studies, this paper is based on efficiency measurement … slight inefficiencies during the global crisis 1998-9. Efficiency differences across the sample data appear to be mainly …

Persistent link: https://www.econbiz.de/10005134802

India and the Challenge of New Technology

Shastri, Rahul Amolak - EconWPA - 2005

revolution, and the forces of globalisation that propel it forward. At least three major technological revolutions seem to be … technological revolutions come packaged with globalisation. The hegemony of American and European capital over globalisation has led … India's environment. Since new technology and globalisation come together, India has to take both. However, it must …

Persistent link: https://www.econbiz.de/10005408115

Sovereign Debt as Intertemporal Barter

Kletzer, Kenneth M.; Wright, Brian D. - EconWPA - 2000

Borrowing and lending between sovereign parties is modeled as intertemporal barter that smoothes the consumption of a risk-averse party subject to endowment shocks. The surplus anticipated in the relationship offers sufficient incentive for cooperation by all parties, including any other...

Persistent link: https://www.econbiz.de/10005408145

THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...

Persistent link: https://www.econbiz.de/10005408148

La contagion financi`ere : une ´etude empirique sur les causalités lors de la crise asiatique

Elise, MARAIS - EconWPA - 2004

Cet article a pour objet d’´etudier empiriquement le ph´enom`ene de contagion lors de la crise asiatique de 1997-1998 en testant la pr´esence de causalit´e au sens de Granger (dans la lign´ee des travaux de San-der et Kleimeier [37]) entre les ´economies asiatiques suivantes : la...

Persistent link: https://www.econbiz.de/10005408190

Country Funds and Asymmetric Information

Frankel, Jeffrey A.; Schmukler, Sergio L. - EconWPA - 1998

Closed-end country funds trade in New York at their price. Their Net Asset Value (NAV) represent the value of the underlying assets, usually traded in each particular country. If the holders of the underlying assets have more information about local assets than the country fund holders, changes...

Persistent link: https://www.econbiz.de/10005408198

Pre-financing Migrant Remittance Flows in Support of Agricultural Development in Africa

Rutten, Lamon; Oramah, Okey - EconWPA - 2003

This paper discusses how migrant remittances (which are of large importance to many developing countries) can be used not only as a source of earnings, but also as a tool to generate low-cost finance (at terms better than those imposed by the country's sovereign rating). A concrete structured...

Persistent link: https://www.econbiz.de/10005408206

Dollarization Persistence and Individual Heterogeneity

Castillo, Paul; Winkelried, Diego - EconWPA - 2005

The most salient feature of financial dollarization, and the one that causes more concern to policymakers, is its persistence: even after successful macroeconomic stabilizations, dollarization ratios often remain high. In this paper we claim that this persistence is connected to the fact that...

Persistent link: https://www.econbiz.de/10005412798