This article studies the effects of deregulation on the banking industry in an emerging economy using profit-based measures of performance. Using panel data of 83 Indian banks belonging to different ownership groups for the period 1986 to 2005, we find that profit efficiency and productivity...

This article studies household portfolio behaviour for a group of Middle East economies, namely Israel, Jordan and Turkey. Panel unit root and cointegration tests are used to investigate the convergence of household portfolio behaviour; and asset demand equations are estimated in a novel way of...

We investigate the relative long run growth impact of each of the two main types of Africa's private capital inflows, namely Foreign Direct Investment (FDI) and Cross-Border Bank Lending (CROSSBANK). In addition to controlling for some factors (e.g. financial reforms and trade openness), we...

In this paper, stock market volatility in the East European emerging markets of Hungary and Poland is investigated using daily indexes. The results suggest the presence of non-linearity in the indexes through the BDSL statistic, while the presence of conditional heteroscedasticity is detected...

This paper investigates the linear as well as non-linear properties of the relationship between the entry of foreign-owned private banks and changes in gross domestic investment. A standard model of aggregate investment behaviour, in which an indicator for foreign banks is one of the...

Interactions are investigated between exchange rates and stock prices in the emerging financial markets of India, Korea, Pakistan and the Philippines. The motivation is to establish the causal linkages between leading prices in the foreign exchange market and the stock market; the linkages have...