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Stock Market Equilibrium and Macroeconomic Fundamentals
Leigh, Lamin - 1997
This paper examines the efficiency of the Stock Exchange of Singapore and the relationship between the stock market and … the overall economy. Using a wide range of methods for testing market efficiency, the paper establishes that the Singapore … causality tests based on the efficiency test results indicate that developments in the stock market appear to be systematically …
Persistent link: https://www.econbiz.de/10014400194
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The Microstructure of Government Securities Markets
Dattels, Peter - 1995
This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient...
Persistent link: https://www.econbiz.de/10014395858
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Noise Traders and Herding Behavior
Redding, Lee Scott - 1996
Recent developments in financial economics have included many explorations into market microstructure, that is, the internal functioning of markets and the ways in which they provide liquidity to traders. An important contribution of this literature is that prices can deviate from their...
Persistent link: https://www.econbiz.de/10014396062
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The Cost of Government and the Misuse of Public Assets
Prakash, Tej - 2000
This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public … could be used for several purposes including increasing public sector efficiency …
Persistent link: https://www.econbiz.de/10014400238
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Public Sector Efficiency and Fiscal Austerity
International Monetary Fund - 1998
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
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Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency
Johnston, R. B. - 1995
economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector … reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate … representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that …
Persistent link: https://www.econbiz.de/10014395836
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Wholesale Payments and Financial Discipline, Efficiency, and Liquidity
Folkerts-Landau, D. F. I. - 1997
Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to...
Persistent link: https://www.econbiz.de/10014403300
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A Noteon Debt Reduction and Echonomic Efficiency
International Monetary Fund - 1990
This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of … government investment or consumption. Given considerable uncertainty about the efficiency returns of alternative uses of …
Persistent link: https://www.econbiz.de/10014396332
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Identifying speculative bubbles : a two-pillar surveillance framework
Jones, Bradley - 2014
Persistent link: https://www.econbiz.de/10010479411
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The Ties That Bind : Measuring International Bond Spillovers Using the Inflation-Indexed Bond Yields
Swiston, Andrew - 2007
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom. The analysis starts in 2002, by which point U.S....
Persistent link: https://www.econbiz.de/10014400687