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. Minsky believed that regulation should be linked to the structure of the financial system and effective policy making …
Persistent link: https://www.econbiz.de/10010820974
results of this study should be useful for accounting practitioners and the various organizations involved in the regulation …
Persistent link: https://www.econbiz.de/10008792967
This article explores the issue of the failure of the French New Market, a French Financial market, in the light of the dynamics of organisational rules between 1996 and 2005. The French New Market (FNM) was created in 1996 in order to finance European growing firms. After its creation, this...
Persistent link: https://www.econbiz.de/10008793131
not only a rigorous approach of trends and volatility, but also efficient calculations which were already successfully …
Persistent link: https://www.econbiz.de/10008924910
The aim of this article is to answer the following question: can the considerable rise in the volatility of the LAC … market volatility, especially in Mexico. …
Persistent link: https://www.econbiz.de/10009004294
In this paper we perform a Monte Carlo study based on three well-known semiparametric estimates for the long memory fractional parameter. We study the efficiency of Geweke and Porter-Hudak, Gaussian semiparametric and wavelet Ordinary Least-Square estimates in both stationary and non stationary...
Persistent link: https://www.econbiz.de/10009025290
market price of risk, the risk free rate, the bond prices at dierent maturities, the stock price and volatility as well as …
Persistent link: https://www.econbiz.de/10009360288
This paper studies empirically the link between remittances and growth volatility by examining the impact of … of moment (GMM) technique for a sample of 63 countries over the 1980-2004 period. The volatility of terms of trade and … inflation is used to proxy for real and monetary volatility, respectively. The results show that the impact of remittances on …
Persistent link: https://www.econbiz.de/10010738454
This paper investigates the relationship between trust and macroeconomic volatility. In a cross section of countries … changes in inherited trust over the XXth century to show that increasing trust also decreases volatility across time. Thus … reduces investment volatility but not public expenditure volatility. …
Persistent link: https://www.econbiz.de/10010738740
volatility. It identifies a new channel - the "asymmetric information" channel - through which aid volatility is costly for … specifications and econometric methods, and developing new yearly estimates of aid volatility, I show that (i) introducing more … information increases aid efficiency, that (ii) the negative impact of aid volatility on aid efficiency vanishes once one controls …
Persistent link: https://www.econbiz.de/10010739130