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Capital controls, political risk premium and capital flows

Lai, Choon-Shan - 2002

This dissertation includes three studies on the use of capital controls in Malaysia. The first two studies focus on empirical investigations of the effectiveness of capital controls. The last study focuses on modeling the determinants of political risk premium associated with potential capital...

Persistent link: https://www.econbiz.de/10009430351

Essays on capital liberalization and stock market development in emerging market economies

Jayakumar, Vivekanand - 2004

This dissertation examines different aspects of capital liberalization and its impact on local stock market development. Specifically, it considers the consequences of opening local stock markets to foreign investors and the effects of allowing local companies to access foreign stock markets....

Persistent link: https://www.econbiz.de/10009430361

Parallel market exchange rates in developing and reforming economies

Arora, Sudeep - 1996

This thesis develops a model of black market for foreign currency that focuses on the interaction of portfolio decisions and the determinants of the net flows of black foreign currency. The model explicitly incorporates foreign exchange restrictions as well as the demands arising from smuggling....

Persistent link: https://www.econbiz.de/10009430375

Rational speculation, central bank intervention and the negative forward discount bias

Ok, Sungsoo - 1998

The negative forward discount bias in the foreign currency was rationalized and tested in the context of rational speculation model. This study reexamines the issue within the context of a two-agent rational speculation model and finds empirically that the negative forward discount bias is still...

Persistent link: https://www.econbiz.de/10009430545

Essays on the forward discount bias and exchange rate volatility

Shin, Min-yong - 2001

Essay One analyzes the forward discount bias in the foreign exchange market as influenced by monetary policy rules. A government response function to external shocks is combined with the monetary model for foreign exchange rate determination. The forward discount bias is more probable when the...

Persistent link: https://www.econbiz.de/10009430768

Essays on financial disintegration in post-unification Italy and experimental tests of Ricardian equivalence

Di Girolamo, Pia - 2004

This thesis includes three essays. The first two essays show that after the unification in Italy there was a great degree of monetary, economic and financial disintegration. Essay 1 concentrates on one aspect of monetary disintegration: the persistence of local pre-unification currencies. The...

Persistent link: https://www.econbiz.de/10009430777

Aggregate spillovers and imperfect competition: The implications for business cycles and the welfare effects of tax reform

Knoop, Todd Alan - 1996

The neoclassical assumptions of perfect competition and constant returns to scale are commonly used within most areas of macroeconomic research. This is generally true of existing research on business cycles and universally true of previous studies investigating the welfare benefits of taxation...

Persistent link: https://www.econbiz.de/10009430822

Financial development and economic growth in the developing countries

Ben, Shenglin - 1994

consumer finance and business finance enables us to see that the development of different aspects of the financial sector has … different impacts on economic growth. While the development of business finance clearly promotes growth, the impact of … development of consumer finance on growth is ambiguous, depending on how the households react to the development of consumer …

Persistent link: https://www.econbiz.de/10009430861