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Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries

Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2011

Financial integration among economies has the benefit of improving allocative efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...

Persistent link: https://www.econbiz.de/10008924837

Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa

Simplice A., Asongu - Volkswirtschaftliche Fakultät, … - 2011

The recent waves of political crises in Africa and the Middle East have inspired the debate over how political instability could pose a risk of financial contagion to emerging countries. With retrospect to the Kenyan political crisis, our findings suggest stock markets in Lebanon, Mauritius and...

Persistent link: https://www.econbiz.de/10009004148

Volatility Spillovers in Emerging Markets During the Global Financial Crisis: Diagonal BEKK Approach

Erten, Irem; Tuncel, Murat B.; Okay, Nesrin - Volkswirtschaftliche Fakultät, … - 2012

The fundamental aim of the paper is to analyze the presence and magnitude of the volatility transmissions in emerging markets, namely India, Hungary, Poland, Turkey and Brazil prior to, and during the latest financial turmoil. Using weekly returns of stock market indices from 2005 to 2011, the...

Persistent link: https://www.econbiz.de/10011107841

Political crises and risk of financial contagion in developing countries: Evidence from Africa

Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2011

increasingly integrated. Secondly, we have also shown that international financial market transmissions not only occur during …

Persistent link: https://www.econbiz.de/10011110499

Whither Islamic Finance? Risk Sharing in An Age of Crises

Mirakhor, Abbas - Volkswirtschaftliche Fakultät, … - 2010

The aim of this paper is to explore potential path of progress in developing full-spectrum Islamic finance. It will be argued that all Islamic transaction contracts (‘uqud) are risk sharing contracts. Next,the paper will explore ways and means of creating sufficiently strong impetus for...

Persistent link: https://www.econbiz.de/10011113246

Cointegration and conditional correlations among German and Eastern Europe equity markets

Guidi, Francesco; Gupta, Rakesh - Volkswirtschaftliche Fakultät, … - 2010

This paper aims to examine the long term relationship between German and three Central and Eastern Europe (CEE) equity markets. Application of Johansen as well as Engle-Granger cointegration tests show that there is no long-term relationship among these markets while the Gregory-Hansen...

Persistent link: https://www.econbiz.de/10008529235

Some results from a model of trade, aid and development in South

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1978

studying the relationship between international terms of trade and domestic income distributions of the exporting countries … the transmission of the growth from the North to the South through international markets, both through trade and through … all favorable to the growth of the South, which is central to much thinking about the New International Economy Order. I …

Persistent link: https://www.econbiz.de/10005835749

Investment Opportunity Sets of Real Assets: An International Empirical Study Based on Ownership Types

Ang, James; Knill, April; Mauck, Nathan - Volkswirtschaftliche Fakultät, … - 2014

This paper is the first, to our knowledge, to make the distinction between the investment opportunity set of real assets versus portfolio securities. We perform a large scale formal investigation of the investment opportunity set in global acquisitions based on ownership type over the period of...

Persistent link: https://www.econbiz.de/10011260386

The case for human development: a cross-country analysis of corruption perceptions

Peyton, Kyle; Belasen, Ariel - Volkswirtschaftliche Fakultät, … - 2010

Economic studies have demonstrated, both empirically and theoretically, that higher levels of human development (HD) and economic freedom (EF) are associated with lower levels of perceived corruption. This study separately examines the impact of human development and economic freedom on...

Persistent link: https://www.econbiz.de/10009644775

Determinants of international competitiveness. West versus East

Golonka, Monika - Volkswirtschaftliche Fakultät, … - 2009

In the article, on the basis of literature from the areas of management, strategic management, international management …

Persistent link: https://www.econbiz.de/10009402071