Showing 1 - 10 of 12
Traditionally, nancial crisis Early Warning Systems (EWSs) rely on macroeconomic leading indicators to forecast the occurrence of such events. This paper extends such discrete-choice EWSs by taking into account the persistence of the crisis phenomenon. The dynamic logit EWS is estimated using an...
Persistent link: https://www.econbiz.de/10010860556
L’évaluation du prix des actifs est un problème récurrent en économie. Cette question se pose dans le domaine de l’immobilier comme dans d’autres domaines. Après une très forte phase de croissance, le marché immobilier américain a été touché à partir du mois de juin 2007 par...
Persistent link: https://www.econbiz.de/10010796406
higher performance and lower risk. Indeed, thanks to the ethical and moral aspect of Islamic finance, its products seem to be … more attractive to reinsure investors, control financial risk, stabilize financial systems and help to avoid future … that Islamic funds tend to avoid investing in high risk assets and are therefore less affected by economic crises. This …
Persistent link: https://www.econbiz.de/10010764024
This article investigates the dynamics of conditional correlation among the G14 banks’ dealer for the credit default swap market from January 2004 until May 2009. By using the asymmetric dynamic conditional correlation model developed by Cappiello, Engle and Sheppard (2006), we examine if...
Persistent link: https://www.econbiz.de/10010764048
We study performance of Islamic and conventional indices of the Gulf Cooperation Council (GCC) countries in the wake of financial crisis of 2008 and test whether Islamic indices were less risky than conventional indices. We make use of data of the six GCC markets as well as the Dow Jones Islamic...
Persistent link: https://www.econbiz.de/10010786602
We develop a VAR-GRACH approach to invesigate shock and volatility transmissions between bank stock returns in Romania during the 2007-2009 international financial crisis.Our findings provide eveidence of significant shock and volatility transmissions between Romanian bank returns.We also show...
Persistent link: https://www.econbiz.de/10010754708
The euro area is experiencing a sovereign debt crisis; as a result, the foundations of its monetary union have been shattered. This crisis, which is an extension of an international financial crisis, shows that the European Union is not an optimum currency area. Robert Mundell’s work remains...
Persistent link: https://www.econbiz.de/10010754761
This article reconsiders the theory of existence of efficient allocations and equilibria when consumption sets are … unbounded below under the assumption that agents have incomplete preferences. It is motivated by an example in the theory of … assets with short-selling where there is risk and ambiguity. Agents have Bewley’s incomplete preferences. As an inertia …
Persistent link: https://www.econbiz.de/10011161640
Evaluate a growing company is always a difficult exercise because the valuation depends on the appreciation of many factors that vary depending on the person performing the evaluation: manager, shareholder, venture capitalist, etc. This article aims to present the methods used to evaluate this...
Persistent link: https://www.econbiz.de/10010891118
This paper analyzes the impact of capital on profitability and risk for Islamic and conventional Gulf Cooperation …. Second, higher-capitalized GCC banks (Islamic and conventional) are found to be more risky. Third, all profitability and risk … variables show persistence. Finally, we arrive at the same conclusions about the capital, profitability, and risk relationship …
Persistent link: https://www.econbiz.de/10010860533