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What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - International Monetary Fund (IMF) - 2012
conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have …
Persistent link: https://www.econbiz.de/10011142164
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What’s in it for me? : a primer on differences between Islamic and conventional finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - 2012
conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have …
Persistent link: https://www.econbiz.de/10009618564
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Volatility Spillovers and Contagion From Mature to Emerging Stock Markets
Caporale, Guglielmo Maria; Schulze-Ghattas, Marianne; … - International Monetary Fund (IMF) - 2008
This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the transmission mechanism-contagion-during turbulences in mature markets. Tri-variate GARCH-BEKK models of returns in global (mature), regional, and local markets are estimated for 41...
Persistent link: https://www.econbiz.de/10005825961
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Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis
Hesse, Heiko; Frank, Nathaniel; González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008
We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...
Persistent link: https://www.econbiz.de/10005769187
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On Brazil’s Term Structure; Stylized Facts and Analysis of Macroeconomic Interactions
Cabral, Rodrigo; Munclinger, Richard; Alves, Luiz; … - International Monetary Fund (IMF) - 2011
This paper characterizes the term structure of Treasury bond yields for Brazil, and estimates a Nelson-Siegel Model to …
Persistent link: https://www.econbiz.de/10009147330
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Sovereign Green Bonds: A Catalyst for Sustainable Debt Market Development?
Cheng, Gong - 2024
In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for the corporate bond market … development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond … markets. Yet, our empirical study finds that sovereign green bond issuance can have quantitative and qualitative benefits for …
Persistent link: https://www.econbiz.de/10015080326
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Green Bond Pricing and Greenwashing under Asymmetric Information
Schmittmann, Jochen M. - 2022
We analyze the corporate green bond market under a rational framework without an innate green preference, using a …, false or exaggerated claims of being green. The extent of greenwashing in the market is a function of the green bond premium …. A swift and gradual implementation of carbon pricing generates a small green bond premium and a low level of …
Persistent link: https://www.econbiz.de/10015059920
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Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers
Lindner, Peter - 2023
to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …
Persistent link: https://www.econbiz.de/10015059620
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Sukuk vs. Eurobonds; Is there a Difference in Value-At-Risk?
Raei, Faezeh; Cakir, Selim - International Monetary Fund (IMF) - 2007
This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has grown tremendously in recent years at about 45 percent a year. Sukuk provide...
Persistent link: https://www.econbiz.de/10005264017
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Operative Principles of Islamic Derivatives; Towards a Coherent Theory
Sole, Juan; Jobst, Andreas - International Monetary Fund (IMF) - 2012
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...
Persistent link: https://www.econbiz.de/10009654161