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The Determinants of the Harare Stock Exchange (HSE) Market Capitalisation

Ilmolelian, Peter - EconWPA - 2005

This is an exploratory study that attempts to identify and provide empirical evidence on the possible determinants of the market capitalisation of the Harare Stock Exchange (HSE) with the view of understanding the development prospects of the HSE and other similar markets. The study used...

Persistent link: https://www.econbiz.de/10005119105

Inter-Regional Price Convergence and Market Integration in Russia

Gluschenko, Konstantin - EconWPA - 2005

The paper analyzes a spatial pattern of goods market integration in Russia. By the spatial pattern is meant a state of … each individual region of the country: whether it is integrated, and if not, whether it moves towards integration. Time … capturing movement towards integration, 36% of Russian regions are found to be integrated with the national market; 44% of them …

Persistent link: https://www.econbiz.de/10005407856

A look at exchange rate and monetary policy in Malawi

Simwaka, Kisu - EconWPA - 2004

misalignment with no feedback effects. In the second stage, a model of nominal exchange rate is estimated. Since we find co-integration …; Integration * The findings, interpretation and conclusions expressed in this paper are entirely those of the author. They don …

Persistent link: https://www.econbiz.de/10005076782

Central counterparty clearing: constructing a framework for evaluation of risks and benefits

Ripatti, Kirsi - EconWPA - 2005

the increased sophistication in clearing arrangements is the ongoing process of European economic integration, ie the euro …

Persistent link: https://www.econbiz.de/10005134670

LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS

manso, jose r. p. - EconWPA - 2004

stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …

Persistent link: https://www.econbiz.de/10005408149

LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS

manso, jose ramos pires - EconWPA - 2004

stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …

Persistent link: https://www.econbiz.de/10005408172

Efficiency of Banks in Regions at Different Stage of European Integration Process

Stavarek, Daniel - EconWPA - 2005

level of economic development and different involvement in the process of European integration. The first group consists of … 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

Cointegration in Frequency Domain

Levy, Daniel - EconWPA - 2004

Existence of a cointegration relationship between two time series in the time domain imposes restrictions on the series zero-frequency behaviour in terms of their squared coherence, phase, and gain, in the frequency domain. I derive these restrictions by studying cross-spectral properties of a...

Persistent link: https://www.econbiz.de/10005556273

Augmented gravity model: An empirical application to Mercosur- European trade flows

Martínez-Zarzoso, Inmaculada; Felicitas Nowak-Lehmann D. - EconWPA - 2003

This paper applies the gravity trade model to assess Mercosur-European Union trade, and trade potential following the agreements reached recently between both trade blocks. The model ist tested for a sample of 19 countries, the four formal members of Mercosur plus Chile and the fifteen members...

Persistent link: https://www.econbiz.de/10005119301

Is the Feldstein-Horioka Puzzle Really a Puzzle?

Levy, Daniel - EconWPA - 2004

Using the framework of a dynamic intertemporal optimization model of an open economy, it is shown that the long-run investment-saving correlation follows directly from the economy's dynamic budget constraint and this does not depend on the degree of international capital mobility. Therefore,...

Persistent link: https://www.econbiz.de/10005119491