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Religion in Economic History: A Survey
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2020
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic causes and consequences of religion. Following the rapidly growing literature, it focuses on the three main monotheisms—Judaism, Christianity, and Islam—and on the period up...
Persistent link: https://www.econbiz.de/10012269435
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Does Federalism Affect E-Government in Germany?
Bartholomae, Florian W.; Nam, Chang Woon; Steinhoff, Peter - 2023
International comparisons show that the reasons why e-government development in Germany does not occupy the desired “top spot” in rankings lie primarily in the inadequate provision of online services with little corresponding user orientation. In order to provide better and faster public...
Persistent link: https://www.econbiz.de/10014261030
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Market Risk Management in a Post-Basel II Regulatory Environment
Uroševic, Branko; Drenovak, Mikica; Rankovic, Vladimir; … - 2016
We propose a novel method of Mean-Capital Requirement portfolio optimization. The optimization is performed using a parallel framework for optimization based on the Nondominated Sorting Genetic Algorithm II. Capital requirements for market risk include an additional stress component introduced...
Persistent link: https://www.econbiz.de/10011615848
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Gender, Access to Finance, Occupational Choice, and Business Performance
Gazanchyan, Nelli S.; Hashimzade, Nigar; Rodionova, Yulia; … - 2017
We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance … medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …
Persistent link: https://www.econbiz.de/10011615908
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Market structure and the cost of capital
Arouri, Mohamed El Hedi; Rault, Christophe; Sova, Robert; … - 2013
We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model …
Persistent link: https://www.econbiz.de/10010291538
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An Alternative Conditional Asymmetry Specification for Stock Returns
Brännäs, Kurt; Nordman, Niklas - 2001
The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a skewness that varies between sizeable negative skewness...
Persistent link: https://www.econbiz.de/10010315189
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Revealing Downturns
Schmalz, Martin C.; Zhuk, Sergey - 2018
When Bayesian risk-averse investors are uncertain about their assets’ cash flows’ exposure to systematic risk, stock prices react more to news in downturns than in upturns, implying higher volatility in downturns and negatively skewed returns. The reason is that, in good times, less...
Persistent link: https://www.econbiz.de/10011815772
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Role of Finance in Dixit-Stiglitz-Krugman Model of International Trade
Marjit, Sugata; Dutta, Meghna; Roy, Moushakhi - 2022
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations …
Persistent link: https://www.econbiz.de/10013353416
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The Economics of Insurance, its Borders with Finance and Implications for Systemic Regulation
Thimann, Christian - 2015
international finance is what is insurance and where does insurance end?' This paper aims to elaborate on the economics of insurance … and its borders with general finance. It argues that the classification challenge by regulators partly stems from … terminological confusion between insurance activities and more general financial activities. Insurance and finance both use the same …
Persistent link: https://www.econbiz.de/10010480802
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Fiscal-Financial Vulnerabilities
Schuknecht, Ludger - 2019
The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The...
Persistent link: https://www.econbiz.de/10012864940