Showing 1 - 10 of 95
the experience of China, an economy undergoing dramatic institutional change in the last 20 years with rich variation in …
Persistent link: https://www.econbiz.de/10011267943
degree of stock market integration between Russia and China as well as between them and the United States, the euro area and … integration resumes between Russia and China, and with world markets. Notably, the episode of sigma-divergence from the 2008 …/2009 crisis is stronger for China than Russia. We also find that the process of stock market integration and the impact of the …
Persistent link: https://www.econbiz.de/10009649721
This paper studies the economic impact of the current global economic downturn on the household sector. Household budgets can be negatively affected by declines in nominal wages and increases in unemployment. We empirically test this effect for the small open emerging economy. As a result of a...
Persistent link: https://www.econbiz.de/10009019266
The dynamic banking reforms of Central and Eastern Europe (CEE) following the collapse of the Soviet Union provide an ideal research setting for examining the causal effect of institutional development on financial reporting. Using five earnings quality measures, we consistently find that...
Persistent link: https://www.econbiz.de/10011098217
major actor in China's domestic capital allocation, with an active role in strategic financing and restructuring of key …
Persistent link: https://www.econbiz.de/10005190665
This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling … key policy challenge in China in the years to come. …
Persistent link: https://www.econbiz.de/10011184639
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms …
Persistent link: https://www.econbiz.de/10010818586
With the rise of interconnected global financial systems, there is an increased risk that a financial crisis in one country may spread to others. The contagion effects of the 2008 global financial crisis hit advanced economies fast and hard while sparing less developed and less integrated...
Persistent link: https://www.econbiz.de/10009320387
We study a pricing model for global and local sources of risk in six Eastern European emerging stock markets. Utilizing GMM estimation and an unconditional asset-pricing framework with and without time-varying betas, we perform estimations based on monthly data from 1996 to 2007 for Poland,...
Persistent link: https://www.econbiz.de/10005648562
The recent increase in Chinese house prices has led to concerns that China is vulnerable to asset price shocks. In this … disconnected from fundamentals. Thus, the evidence for speculative house price bubbles in China is in general weak. …
Persistent link: https://www.econbiz.de/10010611607