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In 2014, the domestic money market saw the onset of a new wave of crisis, manifesting itself in capital outflow, a world's record plunge of the Russian stock indices, the ruble's devaluation, the surge in the key interest rate and interest rates in the interbank lending market. It is external...
Persistent link: https://www.econbiz.de/10013027557
In this paper is shown that financial deepening is good for job creation up to a critical point, beyond which unemployment starts rising. The reason can be the heavy debt the private sector is bearing, so that business sector becomes unable to pay off debts, and thus companies go bankrupt...
Persistent link: https://www.econbiz.de/10013156070
The central problem for financial regulation is reducing systemic risk. Systemic risk is the risk that the failure of one significant institution can cause or significantly contribute to the failure of other significant institutions. This paper addresses the five most important policies for...
Persistent link: https://www.econbiz.de/10013143703
Present paper shows that credit regarding job creation is ineffective in the 2000s, while it was effective in 1980s and 1990s. This paper attempts to support the view of (Bouis et al., 2013), that recently growth is sluggish, in spite of the massive monetary stimulus. Further, it will support...
Persistent link: https://www.econbiz.de/10013073374
We analyze the main forces affecting financial system pro-cyclicality (the fact that developments in the financial sector can amplify business cycle fluctuations). We first review some major structural developments in financial markets that may influence pro-cyclicality and that have been...
Persistent link: https://www.econbiz.de/10014203653
This paper offers proposals on stimulation of Russia's innovative economic growth through share ownership diversification, improving corporate governance practice and capital structure transformation. The paper also contains concepts on how to strengthen Russia's role in global financial markets...
Persistent link: https://www.econbiz.de/10013104802
This research paper aim to examine the profitability of various kinds of oscillator used in technical analysis on market index of NSE (National Stock Exchange) S&P CNX NIFTY 50 during 2004-2014. We have selected the most commonly used three oscillators i.e., Stochastic oscillator, RSI Oscillator...
Persistent link: https://www.econbiz.de/10013010826
This paper identifies and discusses the conditions needed for achieving strong and stable capital markets in emerging market economies, which at present remain illiquid and underdeveloped. These conditions can be grouped into four interrelated and complementary pillars: macroeconomic stability,...
Persistent link: https://www.econbiz.de/10013049959
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries...
Persistent link: https://www.econbiz.de/10012868268
This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The results suggest: 1) Financial development likely has...
Persistent link: https://www.econbiz.de/10011700187