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Securitization in Turkish banking system

Aysan, Ahmet Faruk; Rengifo, Erick William; Ozsoz, Emre - 2012

By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are important factors in a bank’s decision to securitize its...

Persistent link: https://www.econbiz.de/10015230729

Firm Productivity, Exchange Rate Movements, Sources of Finance and Export Orientation

Demir, Firat; Caglayan, Mustafa - 2012

We investigate the level and volatility effects of real exchange rates on the productivity growth of manufacturing firms with heterogeneous access to debt, and domestic and foreign equity markets in Turkey. We find that while exchange rate volatility affects productivity growth negatively,...

Persistent link: https://www.econbiz.de/10015231068

Growth under Exchange Rate Volatility: Does Access to Foreign or Domestic Equity Markets Matter?

Demir, Firat - 2011

Employing a matched employer-employee dataset, this paper explores the effects of exchange rate volatility on the growth performances of domestic versus foreign, and publicly traded versus non-traded private manufacturing firms in a major developing country, Turkey. The empirical results using...

Persistent link: https://www.econbiz.de/10015231069

Financing Policies and Firm Vulnerability in Indonesia

Prasetyantoko, Agustinus - 2008

This paper argues that financing policies of the firms are central in propagating financial crisis. Studies on the linkage between macro-fragility and micro-vulnerability around financial debacle are common, especially after East-Asian and Mexican crisis in the 1990s. By focusing on the case of...

Persistent link: https://www.econbiz.de/10015248221

Real Exchange Rate Shocks and Export-Oriented Businesses in Iran: An Empirical Analysis Using NARDL Model

Saadati, Alireza; Honarmandi, Zahra; Zarei, Samira - 2020

In this paper, the asymmetric and nonlinear effects of the real exchange rate shocks on different export-oriented businesses, i.e. Petrochemical, Basic Metal, and Mining industries stock indexes, in Tehran Stock Exchange is examined. From the policymakers’ perspective, this idea is...

Persistent link: https://www.econbiz.de/10015212696

Beitr?ge zum Risikomanagement in Wertsch?pfungsnetzwerken

Wiesent, Julia - 2011

konsequente, wertorientierte Ausrichtung aller Unternehmensteile und -aktivit?ten. Das Risikomanagement, welches stets im Rahmen … Risikomanagement am Beschaffungsmarkt bei Rohstoffen, dem Ertrags- und Risikomanagement am Absatzmarkt bei Kundenbeziehungen und dem … Ertrags- und Risikomanagement am Finanzmarkt bei Investmentfonds werden dabei drei ausgew?hlte Themenbereiche herausgegriffen. …

Persistent link: https://www.econbiz.de/10009482328

Portfolio optimization with risk constraints

Gandy, Ralf - 2005

In dieser Arbeit setzen wir uns mit den Auswirkungen von Risikobeschränkungen auf das optimale Verhalten eines Investors auseinander, welcher versucht, den erwarteten Endnutzen zu einem festgelegten Zeitpunkt zu maximieren. Dazu kann er ein vorgegebenes Anfangsvermögen in einem Markt...

Persistent link: https://www.econbiz.de/10009462193

Fundamental determinants of exchange rate expectations

Beckmann, Joscha; Czudaj, Robert L. - 2024

This paper provides a new perspective on the expectations building mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected exchange rate changes. In doing so, we assess real-time survey data for 29 economies from 2002 to 2023...

Persistent link: https://www.econbiz.de/10015213343

Globalisation of Indian Rupee in the New World Economic Order

R, Pazhanisamy; Sri, Thomas Mathew - 2024

The global economy has witnessed significant transformations in recent decades, marked by the emergence of new economic powers and the evolution of financial systems. Within this context, the globalization of currencies has become a crucial aspect of international economic dynamics. This paper...

Persistent link: https://www.econbiz.de/10015213345

Exchange Market Pressure in Central European Countries from the Eurozone Membership Perspective

Stavarek, Daniel - 2008

This paper estimates the exchange market pressure (EMP) in four Central European countries (Czech Republic, Hungary, Poland, Slovakia) over the period 1993-2006. Therefore, it is one of very few studies focused on this region and the very first paper applying concurrently model-dependent as well...

Persistent link: https://www.econbiz.de/10015213394