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. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. …
Persistent link: https://www.econbiz.de/10011142140
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10009618564
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government …
Persistent link: https://www.econbiz.de/10010790238
, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … output performance relative to trend. There are several main reasons for the divergence. First, trade shocks had a larger … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the …
Persistent link: https://www.econbiz.de/10010790382
Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both...
Persistent link: https://www.econbiz.de/10011242245
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
Intro -- Contents -- I. INTRODUCTION -- II. SOME STYLIZED FACTS -- III. DETERMINANTS OF PRIVATE INVESTMENT -- IV. CONCLUDING REMARKS -- APPENDIX: A CANONICAL MODEL OF CORPORATE INVESTMENT -- References.
Persistent link: https://www.econbiz.de/10012691109
Intro -- Contents -- I. INTRODUCTION -- II. BRIEF CHRONOLOGY OF CAPITAL CONTROLS AND MACROECONOMIC POLICIES -- III. MACROECONOMIC ISSUES -- IV. FIRM- LEVEL EVIDENCE -- V. CONCLUSION -- APPENDIX I. Coding of Firms -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691159
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government …
Persistent link: https://www.econbiz.de/10014409432
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy....
Persistent link: https://www.econbiz.de/10010790398