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Textual analysis of the NBER Working Papers published during 1999–2016 is done to assess the effects of the 2007–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics,...
Persistent link: https://www.econbiz.de/10015266578
Textual analysis of 14,270 NBER Working Papers published during 1999–2016 is done to assess the effects of the 2008 crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing,...
Persistent link: https://www.econbiz.de/10015266597
We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a program for positive accounting research. We suggest that psychological forces have shaped and continue to shape rules and policies in two different ways. (1) Good Rules for Bad...
Persistent link: https://www.econbiz.de/10015216059
This paper examines relationships between theory of financial risk and size. Based on the work of Makridakis / Taleb …
Persistent link: https://www.econbiz.de/10015226184
effectiveness of emergency liquidity measures. …
Persistent link: https://www.econbiz.de/10015261790
value and volatility of bank’s assets for a random sample of 13 Public and 8 Private sector banks in India over the period … from March 2003 to March 2012. Further, it calculates yearly Z-score for each bank, allowing for capital adequacy as per … value of bank’s assets obtained from Black-Scholes-Merton is characteristically below its enterprise value since market …
Persistent link: https://www.econbiz.de/10015237340
First externalities risk due to the size of the companies or the principle that large companies are also at risk of bankruptcy (too big to fail) are examined. The problem is illustrated by a case in which extreme risks with negative consequences for savers and investors are taken. If we...
Persistent link: https://www.econbiz.de/10015244293
sample of high growth emerging markets from Asia investigates if bank stocks contain information beyond the monetary and … banking aggregates. In a sample of emerging markets with 5% GDP growth, bank stocks create 0.22% of GDP growth for every 1 SD … excess return in a weighted portfolio of bank stocks. The chosen emerging markets are homogenous based on WGI Indicators from …
Persistent link: https://www.econbiz.de/10015212550
laws of market, such Say’s law, marginal value and interest rate theory, with the modern results of mathematical economics …, such as Capital Asset Pricing Model (CAPM), game theory and behavioral economics. This principle is well known in classical …
Persistent link: https://www.econbiz.de/10015267579
The use of equity derivatives to conceal economic ownership of shares (“hidden ownership”) is increasingly drawing attention from the financial community, as is the exercise of voting power without corresponding economic interest (“empty voting”). Market participants and commentators...
Persistent link: https://www.econbiz.de/10015215295