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HOW BANKING SYSTEM IN POST-SOVIET ECONOMIES ASSIST TO THEIR DEVELOPMENT. THE CASE STUDY OF ARMENIA
Mnatsakanyan, Hakob; Kanas, Angelos; Rafayelov, Zohrak - EconWPA - 2004
Persistent link: https://www.econbiz.de/10005407976
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LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS
manso, jose r. p. - EconWPA - 2004
stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …
Persistent link: https://www.econbiz.de/10005408149
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LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS
manso, jose ramos pires - EconWPA - 2004
stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …
Persistent link: https://www.econbiz.de/10005408172
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Financial Development and Economic Growth in Malaysia: The Stock Market Perspective
Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003
development has a significant positive long-run impact on economic growth. Granger-causality test based on vector error correction …
Persistent link: https://www.econbiz.de/10005561265
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Central bank Financial Independence
Martinez-Resano, J. Ramon - EconWPA - 2004
Central bank independence is a multifaceted institutional design. The financial component has been seldom analysed …. This paper intends to set a comprehensive conceptual background for central bank financial independence. Quite often … bank financial independence concern. However, from a short term perspective central bank financial vulnerability may …
Persistent link: https://www.econbiz.de/10005561101
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A Dual Model of Cooperative Value
Feldman, Barry - EconWPA - 2002
An expanded model of value in cooperative games is presented in which value has either a linear or a proportional mode, and NTU value has either an input or an output basis. In TU games, the modes correspond to the Shapley (1953) and proportional (Feldman (1999) and Ortmann (2000)) values. In...
Persistent link: https://www.econbiz.de/10005407563
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Taking Positive Interest Rates Seriously
Pan, Enlin; Wu, Liuren - EconWPA - 2004
We present a dynamic term structure model in which interest rates of all maturities are bounded from below at zero. Positivity and continuity, combined with no arbitrage, result in only one functional form for the term structure with three sources of risk. One dynamic factor controls the level...
Persistent link: https://www.econbiz.de/10005413120
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The Core of Economies with Asymmetric Information: An Axiomatic Approach
Volij, Oscar; Lee, Darin - EconWPA - 1997
We propose two generalizations of the Davis Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.
Persistent link: https://www.econbiz.de/10005118523
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New Wine in Old Bottles: A Sequential Estimation Technique for the LPM
Horrace, William C.; Oaxaca, Ronald L. - EconWPA - 2002
The conditions under which ordinary least squares (OLS) is an unbiased and consistent estimator of the linear probability model (LPM) are unlikely to hold in many instances. Yet the LPM still may be the correct model or, perhaps, justified for practical reasons. A sequential least squares (SLS)...
Persistent link: https://www.econbiz.de/10005119162
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Noise Trader Demand in Futures Markets
Sanders, Dwight R.; Irwin, Scott H.; Leuthold, Raymond M. - EconWPA - 1996
noise trader demand, Granger causality models are estimated to examine the linear linkages between sentiment and futures …
Persistent link: https://www.econbiz.de/10005413188