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Globalization, (fighting) corruption and development: how are these phenomena linearly and nonlinearly related in wealth effects?
Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012
Purpose – Is globalization instrumental in fighting corruption? Do wealth effects matter in this fight? Are findings … analysis, while the economic and social dimensions of globalization are reflected in the HDI, the political dimension is … captured by good governance indicators. A TSLS-IV estimation technique is applied where-in globalization instruments of trade …
Persistent link: https://www.econbiz.de/10009650668
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Globalization and Africa: implications for human development
Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012
Purpose – The purpose of this paper is to assess the effects of trade and financial globalization on human development … variables are exogenous to the endogenous components of explaining variables(globalization dynamic channels) conditional on … alternative globalization indicators; (2) endogeneity based estimation ; and (3) adoption of two interchangeable sets of …
Persistent link: https://www.econbiz.de/10009647358
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Functional overview of financial crises development and propagation
Popa, Catalin C. - Volkswirtschaftliche Fakultät, … - 2009
The U.S. sub-prime crise developed in the last few months as a dangerous syncope for the entire international financial system, recall for the rethinking of market functionality, revealing the international institutional weakness in financial system supervision on global scale. The mortgage...
Persistent link: https://www.econbiz.de/10008545975
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Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries
Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2011
about the merits of financial globalization and its implications for growth especially in developing countries. This paper …
Persistent link: https://www.econbiz.de/10008924837
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Inequality, poverty and quality of institutions: which freedom channels of globalization matter for Africa?
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Are formal institutions instrumental in the effect globalization mechanisms have on the human face? If so, through … some channels of globalization on poverty (and inequality), formal institutions have the capacity to device policies that …
Persistent link: https://www.econbiz.de/10011109659
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The aftermarket pricing performance of initial public offers: Insights from India
Reddy, K. Srinivasa - Volkswirtschaftliche Fakultät, … - 2011
Purpose: The purpose of this paper is to examine the underpricing of initial public offers (IPOs), which were announced by Indian firms for the period 2007 through 2009. It is motivated by the fact that a well-developed capital market is a function of economic growth and a reflection of the...
Persistent link: https://www.econbiz.de/10011210490
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Strategic Asset Allocation for Central Bank’s Management of Foreign Reserves: A new approach
Zhang, Zhichao; Chau, Frankie; Xie, Li - Volkswirtschaftliche Fakultät, … - 2012
This paper proposes a new approach to strategic asset allocation for central banks’ management of foreign reserves. This eclectic approach combines the behavioural portfolio management in the framework of mean-variance mental accounting (MVMA) with the improvements on asset return forecast...
Persistent link: https://www.econbiz.de/10011258840
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Applying approximate entropy (ApEn) to speculative bubble in the stock market
Saumitra, Bhaduri - Volkswirtschaftliche Fakultät, … - 2012
In contrast to the traditional duration dependence test, the paper introduces an order statistic known as Approximate Entropy to investigate the presence of speculative bubbles for a cross country sample. Using Approximate Entropy, the article examines four major crash in the US, Japan, Hong...
Persistent link: https://www.econbiz.de/10011259124
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Two Sample Tests for High Dimensional Covariance Matrices
Chen, Songxi - Volkswirtschaftliche Fakultät, … - 2012
We propose two tests for the equality of covariance matrices between two high-dimensional populations. One test is on the whole variance-covariance matrices, and the other is on offdiagonal sub-matrices which define the covariance between two non-overlapping segments of the high-dimensional...
Persistent link: https://www.econbiz.de/10011259210
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Islamic Finance Revisited: Conceptual and Analytical Issues from the Perspective of Conventional Economics
Sheng, Andrew; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2013
Islamic finance has come of age. Islamic banking and finance have been growing at a very fast rate, despite apparent serious setbacks (such as interruption of payments in Abu Dhabi in 2009, the Great Recession in Western countries between 2008 and 2010, and the recent turmoil in Middle Eastern...
Persistent link: https://www.econbiz.de/10011259307