The paper represents the study of ongoing tendencies on the Georgian capital market; the relationship between executed legislative infrastructure and institutional reforms has been established. The purpose of the work is to analyze the characteristics of formation and functioning of capital...

Uniswap is a decentralized exchange (DEX) and was first launched on November 2, 2018 on the Ethereum mainnet [1] and is part of an Ecosystem of products in Decentralized Finance (DeFi). It replaces a traditional order book type of trading common on centralized exchanges (CEX) with a...

How do you value companies which have IPOed recently? How do you compare them amongst their peers? Valuing companies using a linear extrapolation of their revenues and profits leads to an ingenious method to benchmark stocks against each other. Here we present such a method, dubbed the growth...

This is the first chapter of the book written Minh Chinh Pham and Quan Hoang Vuong, with the name The Storm. The chapter described the situation of the Vietnamese economy right before the global financial meltdown, which was later sinking many economies and larger conglomerates. The chapter...

The behavior of market forces in macroeconomics is not instantaneous. We cannot experience the impact of those forces instantly like fire or wind. We would feel the behavior of market forces such as inflation, unemployment, stock markets, interest rates and exchange rates only with a time lag...

Small firms continue to experience difficulty accessing adequate finance from formal external sources, notwithstanding many and varied institutional and policy initiatives introduced to address this seemingly perennial problem. Underpinning research indicates that information asymmetry is the...

I construct an infinite-horizon dynamic stochastic general equilibrium model with a collateral constraint and actual default in equilibrium. Entrepreneurs borrow from households through non-recourse debt contracts backed by capital goods. By taking into account the non-linear payoffs of the...

The banking sector in India has made significant progress since the economic reforms in 1991 owing to entry of private sector banks, higher utilization of technology, innovative products and so on. Service quality (or excellence), of course, is still debatable issue in Indian banks due to lack...

Through this research paper we have tried to elaborate the issue whether capital market development is an alternative towards economic growth and economic prosperity of developing countries in general, the Western Balkan countries in particular. The focus of the paper is to study the effects of...