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Monetary Conditions and Stock Returns: A South African Case Study

Coetzee, Clive - EconWPA - 2002

Extensive research on the linkages between monetary conditions and stock returns has been conducted in developed countries. This is in sharp contrast to the situation in developing countries. This paper therefore aims to study the long believed asymmetrical relationship between changes in...

Persistent link: https://www.econbiz.de/10005413129

Linkages between Stock Prices and Exchange Rates in the EU and the United States

Stavarek, Daniel - EconWPA - 2004

This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries (Austria, France, Germany, and the UK), four new EU-member countries (Czech Republic, Hungary, Poland, and Slovakia) and in the USA. Both the long-run...

Persistent link: https://www.econbiz.de/10005134673

Modelling International Bond Markets with Affine Term Structure Models

Mosburger, Georg; Schneider, Paul - EconWPA - 2005

This paper investigates the performance of international affine term structure models (ATSMs) that are driven by a mutual set of global state variables. We discuss which mixture of Gaussian and square root processes is best suited for modelling international bond markets. We derive necessary...

Persistent link: https://www.econbiz.de/10005134688

Education, incomes, poverty and inequality in Ghana in the 1990s

Teal, Francis - EconWPA - 2004

consumption and incomes grew in Ghana in the 1990s. Second, we ask how much of the rise in incomes was due to rises in the level …

Persistent link: https://www.econbiz.de/10005407717

Books, Buildings and Learning Outcomes: an impact evaluation of World Bank assistance to basic education in Ghana

White, Howard; Masset, Edoardo - EconWPA - 2005

This paper demonstrates that the delivery of hardware inputs to Ghana’s basic education system – building classrooms …’s support for school building has been a major factor behind Ghana being on track to achieve the Millennium Development Goal of … that little learning can take place. Special attention needs to be paid to these least-privileged schools if Ghana is to …

Persistent link: https://www.econbiz.de/10005407725

Rational and Biased Trust

Barr, Abigail - EconWPA - 2004

This paper investigates whether expectations of trustworthiness and resulting acts of trust accord with an objective model of trustworthiness or are biased. Combining experimental and survey data, I find that Ghanaian workers appropriately take account of the religiousness of trustees, but...

Persistent link: https://www.econbiz.de/10005118769

State Space Modelling of Cointegrated Systems using Subspace Algorithms

Izquierdo, Segismundo; Cesï¿½reo Hernï¿½ndez; … - EconWPA - 2005

The use of subspace algorithms for the identification of non-stationary cointegrated stochastic systems is a promising technique that is currently under discussion. A revision of the literature provides two distinct algorithms: State Space Aoki Time Series (SSATS) identification algorithm (Aoki...

Persistent link: https://www.econbiz.de/10005407877

The Power of Single Equation Tests for Cointegration when the Cointegrating Vector is Prespecified.

Zivot, Eric - EconWPA - 1996

's (1992) conditional ECM- based t-test for no-cointegration with a single prespecified cointegrating vector. This alternative …-test with a prespecified cointegrating vector can have much higher power than single equation tests for cointegration based on …

Persistent link: https://www.econbiz.de/10005407947

An Empirical Analysis of Permanent Income Hypothesis Applied to Italy using State Space Models with non zero correlation between trend and cycle

Corradini, Riccardo - EconWPA - 2005

This article explores by an econometric approach the permanent income hypothesis. The classical cointegration analysis …

Persistent link: https://www.econbiz.de/10005407948

HOW BANKING SYSTEM IN POST-SOVIET ECONOMIES ASSIST TO THEIR DEVELOPMENT. THE CASE STUDY OF ARMENIA

Mnatsakanyan, Hakob; Kanas, Angelos; Rafayelov, Zohrak - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005407976

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