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of consumers’ sentiment, the impact of fiscal policy and the effect of non-optimal investment decisions made by firms. In … considered; and in the third case, firms adopt a pro-cyclical behaviour concerning investment choices. We study the stability …
Persistent link: https://www.econbiz.de/10005790162
banks that are franchises of the ECB, (2) the secundary savings and loans banks, and (3) the tertiary investment banks. The …
Persistent link: https://www.econbiz.de/10011107257
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
Persistent link: https://www.econbiz.de/10013459233
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
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
After more than two decades of inflation targeting in the world, it is important to evaluate if the adoption of this regime in a relevant developing country contributed to the creation of a better environment for the process of entrepreneurs' expectations formation. Brazil is part of an...
Persistent link: https://www.econbiz.de/10011271311
The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and … Model techniques. The long run estimation reveals causality between investment and saving for the entire sample. The Granger … causality tests confirm this result and validate the presence of bidirectional causal relationship between investment and saving …
Persistent link: https://www.econbiz.de/10011275130
means that can combine these two aims is a well-defined investment process. Through this paper work we tried to summarize … around 26 years of experience of a group of traders and investment advisors. What’s common to all of them is the definition …
Persistent link: https://www.econbiz.de/10011259003
individual companies, focusing on the implications for both researchers and investment practitioners. I develop inflation … companies. I find that inflation-based investment strategies conditioned on information available to investors as of the initial … investment and rebalancing dates result in significant risk-adjusted returns. I also investigate the sources of abnormal returns …
Persistent link: https://www.econbiz.de/10011259622