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Performance Evaluation of Public Pension Funds: The Reformed Pension System in Poland

Stanko, Dariusz - EconWPA - 2003

The paper is an updated first performance evaluation study of the Polish pension funds operating from 1999. The unconditional performance evaluation models are used. It is shown that pension fund managers did produce additional value due to active management. Therefore, unsatisfactory overall...

Persistent link: https://www.econbiz.de/10005413168

Performance evaluation of ethical mutual funds in slump periods

Basso, Antonella; Funari, Stefania - EconWPA - 2005

In this paper we tackle the problem of the presence of negative average rate of returns in the computation of the performance of ethical mutual funds. The presence of these negative values raises problems both in the computation of the classical performance indicators and in DEA modeling. In...

Persistent link: https://www.econbiz.de/10005062743

CAUSAL RELATIONSHIPS BETWEEN EXCHANGE RATES AND STOCK PRICES IN MALAYSIA AND THAILAND DURING THE 1997 CURRENCY CRISIS TURMOIL

Hussain, Huzaimi; Liew, Venus Khim-Sen - EconWPA - 2004

relationship between exchange rate and stock price in Malaysia, whereas a unidirectional causal relationship running from exchange …

Persistent link: https://www.econbiz.de/10005556595

Financial Crises and the Presence of Foreign Banks

Tschoegl, Adrian E. - EconWPA - 2004

The paper distinguishes between the classic or traditional foreign banks with their emphasis on corporate and wholesale banking, and the innovators responding to transition, deregulation or crisis in emerging markets. The innovators come in three varieties—bettors, prospectors and...

Persistent link: https://www.econbiz.de/10005556647

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM … complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be …

Persistent link: https://www.econbiz.de/10005124933

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005124941

Weak-form Efficient Market Hypothesis, Behavioural Finance and Episodic Transient Dependencies: The Case of the Kuala Lumpur Stock Exchange

Lim, Kian-Ping; Liew, Venus Khim-Sen; Wong, Hock-Tsen - EconWPA - 2003

This study utilizes the windowed-test procedure of Hinich and Patterson (1995) to examine the data generating process of KLSE CI returns series. Unlike previous studies, the present one relates the evidence to the popular weak-form EMH and behavioural finance, with the hope of offering some...

Persistent link: https://www.econbiz.de/10005125068

Reassessing The Stability of Broad Money Demand in Malaysia

Majid, Muhd-Zulkhibri Abdul - EconWPA - 2004

This paper re-examines the money demand in Malaysia covering the period from 1974 to 2001, a period characterised by … targeting framework in Malaysia seems to be appropriate at least in the 1990s and monetary aggregate continue to be a useful …

Persistent link: https://www.econbiz.de/10005126116

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Evaluating the Malaysian Export Processing Zones With special focus on the electronic industry

Furby, Mats - EconWPA - 2005

barriers and other constraining legislations. Malaysia has used them to foster its manufacturing industries, particularly the … positive catalytic effects on the host country. The aim of this essay is to evaluate the EPZs’ impact on Malaysia and see if …) have had on Malaysia and on the electronic industry in particular. This study shows that the EPZ has been a success when it …

Persistent link: https://www.econbiz.de/10005408021