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The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies
Beckmann, Rainer - 2010
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
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The Optimal Liquidity Principle with Restricted Borrowing
Mierzejewski, Fernando - 2009
A model is presented to characterise the (optimal) demand for cash balances in deregulated markets. After the model of James Tobin, 1958, net balances are determined in order to maximise the expected return of a certain portfolio combining risk and capital. Unlike the model of Tobin, the prices...
Persistent link: https://www.econbiz.de/10013159438
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Credit Ratings in the Japanese Bond Market
Yamori, Nobuyoshi; Nishigaki, Narunto; Asai, Yoshihiro - Volkswirtschaftliche Fakultät, … - 2006
Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...
Persistent link: https://www.econbiz.de/10005105705
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Excess co-movement in asset prices: The case of South Africa
Ocran, Mathew; Mlambo, Chipo - Volkswirtschaftliche Fakultät, … - 2009
The paper investigates excess co-movement in asset prices in South Africa between 1995 and 2005 using the definition of excess comovement as correlation between two asset prices beyond what could be explained by key economic fundamentals. The results of the study suggest that there is excess...
Persistent link: https://www.econbiz.de/10008685534
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Law and structure of the capital markets
Gu, Xian; Kowalewski, Oskar - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we examine whether legal systems affect the structure of capital markets in terms of the development of bond markets versus equity markets. Using a dataset of 42 developed and developing countries, we document that a country's legal system, especially investor protections,...
Persistent link: https://www.econbiz.de/10011110744
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Corporate Bond Market in India: Current Scope and Future Challenges
Mukherjee, Dr. Kedar nath - Volkswirtschaftliche Fakultät, … - 2012
The capital market of an economy is considered to be well developed, only when a parallel development is ensured both in the equity and the debt segment. There is no doubt that the equity market in India is quite well developed and plays a crucial role in the growth of Indian economy. At the...
Persistent link: https://www.econbiz.de/10011112601
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Information Technologies and Strategies in the Bank Sector in Slovakia
Zagorsek, Branislav - Volkswirtschaftliche Fakultät, … - 2012
Banks in Slovakia are under a strong influence of information technologies. These technologies are redesigning the …
Persistent link: https://www.econbiz.de/10011259705
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What Do Limitation Periods for Sanctions in Antitrust Matters Really Limit?
Blažo, Ondrej - Volkswirtschaftliche Fakultät, … - 2012
Limitation periods represent a legal safeguard for a person who has once broken the law in order not to be put at risk of sanctions and other legal liabilities for an indefinite amount of time. By contrast, public interest can sometimes require that a person who has committed a serious breach of...
Persistent link: https://www.econbiz.de/10011260810
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Role of small and medium-sized enterprises in economies of Poland and Slovakia - comparative analysis
Ubreziová, Iveta; Wach, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010
level, and it holds true to Poland and Slovakia. Although this sector grew most rapidly during the beginning transition … period, it still retains its significant role in the economic growth in both countries - Poland and Slovakia. The aim of … and Slovakia. The main focus of the article is to put on the role of small and medium-sized enterprises in Polish and …
Persistent link: https://www.econbiz.de/10009147607
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Entrepreneurship in small and medium-sized enterprises: Comparative study between Slovakia and Poland for the years 2001-2007
Ubrežiová, Iveta; Wach, Krzysztof; Horváthová, Jarmila - Volkswirtschaftliche Fakultät, … - 2008
economy. Especially the role of SMEs in transition economy, both countries Slovakia and Poland, has impact on SMEs …. Entrepreneurship of small and medium-sized enterprises, is extended in the whole Slovakia. From the viewpoint of regional structure … Podkarpackie Region 30. The supporting system for private entrepreneurship in both countries, Slovakia and Poland, is very similar …
Persistent link: https://www.econbiz.de/10009149402