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The Stock Market and the Economy in Pakistan
Hsain, Fazal; Mahmood, Tariq - Volkswirtschaftliche Fakultät, … - 2001
, investment spending, and economic activity (measured by GDP) in Pakistan. Using annual data from 1959-60 to 1998-99 and applying … variables to stock prices, implying that in Pakistan fluctuations in macro variables cause changes in stock prices. The findings … suggest that the stock market in Pakistan is not that developed to play its due role in influencing aggregate demand. A …
Persistent link: https://www.econbiz.de/10005836483
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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 Cost of Capital in Markets with Opaque Intermediaries and the Risk-Structure of Interest Rates
Mierzejewski, Fernando - 2009
The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...
Persistent link: https://www.econbiz.de/10013160192
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Foreign Direct Investment: Analysis of Aggregate Flows
Razin, Assaf; Sadka, Efraim - Volkswirtschaftliche Fakultät, … - 2006
Economists tend to favor the free �ow of capital across national borders, because it allows capital to seek out the highest rate of return. Unrestricted capital �ows may also o¤er several advantages, as noted by Feldstein (2000). First, international �ows reduce the risk faced by owners...
Persistent link: https://www.econbiz.de/10011261124
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Capital inflows and economic growth in Pakistan
Raza, Syed Ali; Sabir, Muhammad Sarwar; Mehboob, Farhan - Volkswirtschaftliche Fakultät, … - 2011
This study intends to investigate the impact of foreign capital inflow on economic growth of Pakistan during the period … that country like Pakistan should enhance the domestic resources to break the vicious circle of foreign aid. …
Persistent link: https://www.econbiz.de/10009650032
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Causality relations between foreign direct investment and portfolio investment volatility
Gozgor, Giray; Erzurumlu, Yaman O. - Volkswirtschaftliche Fakultät, … - 2010
Following the liberalization of financial markets, Goldstein and Razin (2006) show that there is an information based trade-off between foreign direct investment and foreign portfolio investment, our paper examines the causality relations between foreign direct investment and volatility of...
Persistent link: https://www.econbiz.de/10009353541
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Herd behaviour in Malaysian capital market: An empirical analysis
Duasa, Jarita; Kassim, Salina - Volkswirtschaftliche Fakultät, … - 2008
This study examines the existence of herd behavior among foreign investors in the Malaysian capital market. In methodology, the study analyzes the herd behavior by estimating vector error correction (VECM) model of FPI inflows as well as FPI outflows from/to major investors such as the United...
Persistent link: https://www.econbiz.de/10005836076
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Foreign Direct Investment: Analysis of Aggregate Flows
Razin, Assaf; Sadka, Efraim - Volkswirtschaftliche Fakultät, … - 2006
Economists tend to favor the free ow of capital across national borders, because it allows capital to seek out the highest rate of return. Unrestricted capital ows may also o¤er several advantages, as noted by Feldstein (2000). First, international ows reduce the risk faced by owners of capital...
Persistent link: https://www.econbiz.de/10008470465
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Sobre la independencia de los flujos de inversión extranjera de cartera y el crecimiento económico en México
López-Herrera, Francisco; Venegas-Martínez, Francisco - Volkswirtschaftliche Fakultät, … - 2014
This paper carries out an analysis of cointegration between economic growth and the dynamics of the flows of foreign portfolio investment (FPI) in Mexico. Empirical evidence shows, through a VAR model and Granger causality tests, that flows coming from the FPI have no significant effect on the...
Persistent link: https://www.econbiz.de/10011108121
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Dinámica de la inversión extranjera de cartera en México: recomendaciones de política
Venegas-Martínez, Francisco; López-Herrera, Francisco - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the factors, external and internal, determining the input and output flows of foreign portfolio investment in Mexico during the period 1995:01-2005:01. To do this, the dynamics of interest rates and the stock market returns in Mexico and the United States, as well as the...
Persistent link: https://www.econbiz.de/10011109336