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This paper examines whether the six largest and most active emerging stock markets are informationally efficient with respect to changes in the money supply. To investigate if stock prices fully reflect the information contained in money supply changes, two different econometric techniques are...
Persistent link: https://www.econbiz.de/10014398635
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap … fertility, and (iv) there is a need for more public spending on childcare for age 6-11 in Japan and Korea to help women continue …
Persistent link: https://www.econbiz.de/10011281943
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012391969
This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …
Persistent link: https://www.econbiz.de/10011716396
decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is …Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …
Persistent link: https://www.econbiz.de/10011447113
also uses actual trade data between Japan and Indonesia and between Japan and Korea …
Persistent link: https://www.econbiz.de/10014398066
Persistent link: https://www.econbiz.de/10009679663
liquidity risk. We find that, during Japan''s deflationary period, firms with more liquid balance sheets were less exposed to …
Persistent link: https://www.econbiz.de/10014401145
financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …
Persistent link: https://www.econbiz.de/10014395332
Using the ARFIMA-FIGARCH model, this paper studies the efficiency of the Japanese equity market by examining the statistical properties of the return and volatility of the Nikkei 225. It shows that both follow a long range dependence, which stands against the efficient market hypothesis (EMH)....
Persistent link: https://www.econbiz.de/10014403884