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Stochastic Dominance Analysis of iShares
Gasbarro, Dominic; Wong, Wing-Keung; Zumwalt, J. Kenton - East Asian Bureau of Economic Research (EABER) - 2007
Country indices as represented by iShares exhibit non-normal return distributions with both skewness and kurtosis. Davidson and Duclos (2000) and Memmel (2003) provide procedures for determining the statistical significance of stochastic dominance measures and the Sharpe Ratio, respectively....
Persistent link: https://www.econbiz.de/10009365418
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Mutual Fund Performance in Pakistan, 1995-2004
Sipra, Naim - East Asian Bureau of Economic Research (EABER) - 2006
Mutual funds are the most popular vehicle of investing in the stock market and their performance evaluation is a topic dear to both investors and academics. Surprisingly, mutual funds have not played a very important role in the Pakistani stock market and perhaps consequently almost nothing has...
Persistent link: https://www.econbiz.de/10009365443
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Bond Market Development in Asia : An Empirical Analysis of Major Determinants
Bhattacharyay, Biswa Nath - East Asian Bureau of Economic Research (EABER) - 2011
for domestic financing. Banks were the major source of corporate financing because the other major source, bond markets … productive investment through bond markets. At this juncture, to enhance bond financing, it is important to examine factors that … promote effective development of bond markets. This study attempts to identity the major determinants of bond market …
Persistent link: https://www.econbiz.de/10009653142
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The Current State of Financial and Regulatory Frameworks in Asian Economies : The Case of India
Gupta, Abhijit Sen - East Asian Bureau of Economic Research (EABER) - 2011
Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of...
Persistent link: https://www.econbiz.de/10009653154
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The Role of Macroprudential Policy for Financial Stability in East Asia’s Emerging Economies
Park, Yung Chul - East Asian Bureau of Economic Research (EABER) - 2011
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653160
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Bond Market Development in Asia : An Empirical Analysis of Major Determinants
Bhattacharyay, Biswa Nath - East Asian Bureau of Economic Research (EABER) - 2011
for domestic financing. Banks were the major source of corporate financing because the other major source, bond markets … productive investment through bond markets. At this juncture, to enhance bond financing, it is important to examine factors that … promote effective development of bond markets. This study attempts to identity the major determinants of bond market …
Persistent link: https://www.econbiz.de/10009653191
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The Current State of Financial and Regulatory Frameworks in Asian Economies : The Case of India
Gupta, Abhijit Sen - East Asian Bureau of Economic Research (EABER) - 2011
Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of...
Persistent link: https://www.econbiz.de/10009653201
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The Role of Macroprudential Policy for Financial Stability in East Asia’s Emerging Economies
Park, Yung Chul - East Asian Bureau of Economic Research (EABER) - 2011
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653204
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The Great Liquidity Freeze : What Does It Mean for International Banking?
Domanski, Dietrich; Turner, Philip - East Asian Bureau of Economic Research (EABER) - 2011
In mid-September 2008, following the bankruptcy of Lehman Brothers, international interbank markets froze and interbank lending beyond very short maturities virtually evaporated. Despite massive central bank support operations and purchases of key assets, many financial markets remained impaired...
Persistent link: https://www.econbiz.de/10009653205
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The Role of Macroprudential Policy for Financial Stability in East Asia’s Emerging Economies
Park, Yung Chul - East Asian Bureau of Economic Research (EABER) - 2011
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653225