Similar Search Results

The Cost of Capital in Markets with Opaque Intermediaries and the Risk-Structure of Interest Rates

Mierzejewski, Fernando - 2009

capital is exchange by a unit of risk, or, in other words, it determines the market price of risk. Episodes of liquidity …

Persistent link: https://www.econbiz.de/10013160192

Measuring Macroeconomic Uncertainty in Zimbabwe

Bonga, Wellington Garikai - 2019

What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...

Persistent link: https://www.econbiz.de/10012866688

Liquidity risk and contagion in interbank markets: a presentation of Allen and Gale Model

FERROUHI, El Mehdi; LEHADIRI, Abderrassoul - Volkswirtschaftliche Fakultät, … - 2013

The paper analyzes liquidity risk and contagion in interbank markets. The aim of the research is to define the … model in the management of liquidity risk in the interbank market. We will then analyze the mechanisms that explain the … spread of liquidity risk in the banking system both at national and international level. …

Persistent link: https://www.econbiz.de/10011111992

Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

Persistent link: https://www.econbiz.de/10008622248

Capital Inflows, Credit Booms and Their Risks

Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 2012

results from the relevant literature and promote discussion on how financial and economic developments in China in recent …

Persistent link: https://www.econbiz.de/10011108104

Structure versus Agency in the Great Deprivation of 21st Century

Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2009

Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...

Persistent link: https://www.econbiz.de/10005619598

A justification for the role of audits?: adoption of International Financial Reporting Standards (IFRS) and jurisdictional analyses (Brazil, China,Japan and South Africa)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2014

analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for … between systemic risk and information asymmetries – hence the justification for greater focus on information channels as well … particular, the Basel III leverage ratios in jurisdictions such as China. Ultimately the paper also aims to investigate whether …

Persistent link: https://www.econbiz.de/10011107937

A Measure of a Firm's Average Share Price

Marris, R; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1966

The present writers believe that they have found an alternative measure of average price which it is possible to use in econometric applications, is sufficiently accurate for many other purposes as well, and yet is easier to compute. It is described here in the hope that it may prove generally...

Persistent link: https://www.econbiz.de/10011108848

A two-year revision: cross comparison and modeling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources

Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2014

Approximately two years ago we presented results of price modeling and extensive statistical analysis for share prices of five banks: Bank of America (BAC), Franklin Resources (BEN), Goldman Sachs (GS), JPMorgan Chase (JPM), and Morgan Stanley (MS). Using monthly closing prices (adjusted for...

Persistent link: https://www.econbiz.de/10011110482

Cross comparison and modelling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources

Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2012

We have studied statistical characteristics of five share price time series. For each stock price, we estimated a best fit quantitative model for the monthly closing price as based on the decomposition into two defining consumer price indices selected from a large set of CPIs. It was found that...

Persistent link: https://www.econbiz.de/10011113939