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The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters’ and national regulators’ response has been a global concerted effort to overhaul and tighten financial regulations....
Persistent link: https://www.econbiz.de/10011278058
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters’ and national regulators’ response has been a global concerted effort to overhaul and tighten financial regulations....
Persistent link: https://www.econbiz.de/10011278157
have direct implications for practitioners in formulating investment decisions and currency hedging strategies. …
Persistent link: https://www.econbiz.de/10009363774
currency of each country. It is found that currency betas are more volatile than those of the world market betas. Currency …This paper examines the conditional time-varying currency betas from five developed markets and four emerging markets … of stock index, the world market portfolio and changes in bilateral exchange rate between the US dollar and the local …
Persistent link: https://www.econbiz.de/10009363801
The Indian government has taken a number of incremental measures to liberalise legal and administrative impediments to international capital movements in recent years. This paper analyses the extent to which the effectiveness of capital controls in India, measured by the domestic less net...
Persistent link: https://www.econbiz.de/10009363806
return parity condition, rather than the uncovered interest parity condition. Estimation of the stock return parity condition …
Persistent link: https://www.econbiz.de/10010901623
return parity condition, rather than the uncovered interest parity condition. Estimation of the stock return parity condition …
Persistent link: https://www.econbiz.de/10010901626
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … it may be more fruitful for today’s emerging world to concentrate more on addressing the needs of savers and borrowers … in each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10011278013
The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a case that there were four primary failures contributing to the crisis : excessive risk-taking in the financial sector due to mispriced government guarantees; regulatory focus on...
Persistent link: https://www.econbiz.de/10011278053
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … it may be more fruitful for today’s emerging world to concentrate more on addressing the needs of savers and borrowers … in each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10011278109