Showing 1 - 10 of 23,032
This study deals with the statistical methods of contagion-effects on emerging capital markets. After fitting probability distribution on the empirical data, and cross-market correlation sensibility test were used on time series (2002-2009) of Hungarian, Polish Russian and US government bond,...
Persistent link: https://www.econbiz.de/10014044911
During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...
Persistent link: https://www.econbiz.de/10013142768
During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...
Persistent link: https://www.econbiz.de/10013118092
While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic...
Persistent link: https://www.econbiz.de/10013098609
The composition of pension portfolio in emerging countries has several questions about the validity of portfolio building rules - which were standardized only on developed countries. Liquidity and distributional map of government bond markets are different in developed and emerging countries,...
Persistent link: https://www.econbiz.de/10013148603
During the transition in East Central Europe, a number of criteria and schools of thought clashed over the creation of a market economy and the role of the state. The long-term demographic vulnerability of the region is also coupled with a crisis in the labor market tied to the transition. To...
Persistent link: https://www.econbiz.de/10013152663
During the transition time in East Central Europe, a number of schools of thoughts clashed over the creation of a market economy and the role of the state. This study compares Slovenian, Czech, Hungarian and Russian external balance and factors of external vulnerabilities with Swedish, Danish...
Persistent link: https://www.econbiz.de/10013155652
While fiscal conditions remain healthier than in advanced economies, emerging economies continue to be exposed to negative spillovers if global conditions were to become less favorable. This paper finds that domestic bond yields in emerging economies are heavily influenced by two international...
Persistent link: https://www.econbiz.de/10013060539
This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10003725605
This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10012724032