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Efficiency of Islamic Banks: an Empirical Analysis of 18 Banks
Yudistira, Donsyah - EconWPA - 2004
performance of 18 Islamic banks over the period 1997-2000. Unlike previous studies, this paper is based on efficiency measurement … slight inefficiencies during the global crisis 1998-9. Efficiency differences across the sample data appear to be mainly …
Persistent link: https://www.econbiz.de/10005134802
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Efficiency of Banks in Regions at Different Stage of European Integration Process
Stavarek, Daniel - EconWPA - 2005
This paper estimates commercial banks’ efficiency in three relatively homogenous groups of countries with different … European integration and economic situation are visible also in banking efficiency. Thus we test the hypothesis that the higher … degree of European economic integration and economic development goes hand in hand with higher baking efficiency. Employing …
Persistent link: https://www.econbiz.de/10005413069
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Analysis of UAE Bank Stocks
Rao, Ananth - EconWPA - 2003
Listing of stocks on the stock exchange offers business firms several advantages such as diversification, liquidity, establishing a value for the firm etc. The present paper analyses stocks of six commercial banks (viz., Dubai Commercial Bank, Emirates Bank International, National Bank of Dubai,...
Persistent link: https://www.econbiz.de/10005413135
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India and the Challenge of New Technology
Shastri, Rahul Amolak - EconWPA - 2005
revolution, and the forces of globalisation that propel it forward. At least three major technological revolutions seem to be … technological revolutions come packaged with globalisation. The hegemony of American and European capital over globalisation has led … India's environment. Since new technology and globalisation come together, India has to take both. However, it must …
Persistent link: https://www.econbiz.de/10005408115
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Foreign Capital, Inflation, Sterilization, Crowding-Out and
Singh, Nirvikar; Srinivasan, T.N. - EconWPA - 2004
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10005125512
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The international diversification puzzle is not worse than you think
Julliard, Christian - EconWPA - 2003
This paper offers two main contributions. First, it shows how the Baxter and Jermann (1997) claim that, once we consider human capital risk, the international diversification puzzle is worse than we think, is based on an econometric misspecification rejected by the data. Second, it outlines how,...
Persistent link: https://www.econbiz.de/10005125551
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CONTAGION AND PORTFOLIO SHIFT IN EMERGING COUNTRIES´ SOVEREIGN BONDS
Herrero, Alicia Garcia; Rios, Antonio Diez de los - EconWPA - 2004
The paper tests whether there were events of contagion, and portfolio shift, in the sovereign bond markets of eleven emerging countries' between January 1995 and November 2001. From existing definitions, we narrow down the concept of contagion by focusing on pricing errors, after general market...
Persistent link: https://www.econbiz.de/10005125554
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International Stock-Bond Correlations in a Simple Affine Asset Pricing Model
d'Addona, Stefano; Kind, Axel H. - EconWPA - 2005
In this paper we use an affine asset pricing model to jointly value stocks and bonds. This enables us to derive endogenous correlations and to explain how economic fundamentals influence the correlation between stock and bond returns. The presented model is implemented for G7 post- war economies...
Persistent link: https://www.econbiz.de/10005134844
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International equity flows and returns: a quantitative equilibrium approach
Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - EconWPA - 2005
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...
Persistent link: https://www.econbiz.de/10005062693
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Revisiting the Interest Rate-Exchange Rate Nexus: A Markov Switching Approach
Chen, Shiu-Sheng - EconWPA - 2003
In this paper the interest rate-exchange rate nexus and the effectiveness of interest rate defence are investigated theoretically and empirically. We construct a simple theoretical model by incorporating Taylor rule in the model proposed by Jeanne and Rose (2002). Mixing the macroeconomic theory...
Persistent link: https://www.econbiz.de/10005062695