Narrow search
Showing 1 - 10 of 424
Cover Image
Financial Liberalization and Business Cycles: The Experience of Countries in the Baltics and Central Eastern Europe
Vinhas de Souza, Lúcio - Deutsche Bundesbank - 2004
This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging...
Persistent link: https://www.econbiz.de/10005083257
Cover Image
Co-movements between Germany and International Stock Markets: Some New Evidence from DCC-GARCH and Wavelet Approaches
Uddin, Gazi Salah; Arouri, Mohamed; Tiwari, Aviral Kumar - Institut de Préparation à l'Administration et à la … - 2014
The analysis of co-movements of stock market returns is a fundamental issue in finance. The aim of this paper is to examine the co-movement between Germany and major International Stock Markets in the time–frequency space. Our sample period goes from 01 June 1992 to 26 March 2013 and includes...
Persistent link: https://www.econbiz.de/10010754723
Cover Image
Responses of international stock markets to oil price surges: a regimeswitching perspective
Jammazi, Rania; Nguyen, Duc Khuong - Institut de Préparation à l'Administration et à la … - 2014
We propose an enhanced regime-switching model to investigate the relationships between oil price surges and stock market cycles in five oil-dependent countries over the period from January 1989 to December 2007. Our model accounts for the joint effects of the WTI (West Texas Intermediate) and...
Persistent link: https://www.econbiz.de/10010754748
Cover Image
Project Finance at the World Bank: An Overview of Policies and Instruments.
Benoit, P. - World Bank Group - 1996
Private and public sector sponsors of infrastructure, industrial and other commercial projects in developing countries are looking increasingly to the project finance structure to fund these operations. The World Bank has an array of financial instruments to support these projects. This paper...
Persistent link: https://www.econbiz.de/10005780263
Cover Image
World Bank Lending for Small Enterprises 1989-1993.
Webster, L.M.; Riopelle, R.; Chidzero, A.M. - World Bank Group - 1996
The main objective of this report is to evaluate World Bank lending for small enterprises between FY89 and FY93, including both small and medium enterprises and microenterprises. There has been a marked shift in the Bank's work in this area, and this review details the nature and content of this...
Persistent link: https://www.econbiz.de/10005639100
Cover Image
Financial Crises and Contagion Effects between the US and OECD Equity Markets
Abid, Ilyes; Guesmi, Khaled; Kaabia, Olfa; Nguyen, Duc … - Institut de Préparation à l'Administration et à la … - 2014
In this paper we test for the existence of equity market contagion originating from the United States to OECD markets … due to fundamentals and contagion which we define as the excess correlation that is not explained by fundamental factors …. Our results show provide strong evidence of contagion effects originating in US equity markets to the OECD equity markets …
Persistent link: https://www.econbiz.de/10010799071
Cover Image
Are emerging markets exposed to contagion from U.S.: Evidence from stock and sovereign bond markets
Kazi, Irfan Akbar; Wagan, Hakimzadi - Institut de Préparation à l'Administration et à la … - 2014
aftermath of global financial crisis (2008-2009), exert contagion effects on emerging equity and sovereign bond markets. To this … estimated DCC immediately after the Lehman Brothers failure in September 2008. We refer this finding as contagion from U …
Persistent link: https://www.econbiz.de/10010860495
Cover Image
German bank lending during emerging market crises: A bank level analysis
Heid, Frank; Nestmann, Thorsten; Mauro, di; Weder, Beatrice - Deutsche Bundesbank - 2004
This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We...
Persistent link: https://www.econbiz.de/10005082775
Cover Image
Volatility spillovers and macroeconomic announcements evidence from crude oil markets
Belgacem, Aymen; Creti, Anna; Guesmi, Khaled; Lahiani, Amine - Institut de Préparation à l'Administration et à la … - 2014
The paper employs an event study methodology to investigate the macroeconomic announcements effects on S&P500 and oil prices. Our results provide evidence of a significant impact of the US macroeconomic news on oil prices. This impact is split into two components, namely the direct effect...
Persistent link: https://www.econbiz.de/10010754757
Cover Image
Dynamic spillovers among major energy and cereal commodity prices
Mensi, Walid; Hammoudeh, Shawkat; Nguyen, Duc Khuong; … - Institut de Préparation à l'Administration et à la … - 2014
Over the past decade, the sharp increases in the prices of oil and agricultural commodities have raised serious concerns about the heightened volatility of these markets and the possible negative interactions between them. This article deals with the dynamic return and volatility spillovers...
Persistent link: https://www.econbiz.de/10010754812