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A coopetitive approach to financial markets stabilization and risk management
Carfì, David; Musolino, Francesco - Volkswirtschaftliche Fakultät, … - 2012
The aim of this paper is to propose a methodology to stabilize the financial markets by adopting Game Theory, in particular, the Complete Study of a Differentiable Game and the new mathematical model of Coopetitive Game, proposed recently in the literature by D. Carfì. Specifically, we will...
Persistent link: https://www.econbiz.de/10009652924
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Axiomatization of residual income and generation of financial securities
Ghiselli Ricci, Roberto; Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2009
This paper presents an axiomatization of residual income, aka excess profit, and illustrates how it may univocally engenders fixed-income or variable-income assets. In the first part it is shown that, depending on the relations between excess profit and the investor's excess wealth, a...
Persistent link: https://www.econbiz.de/10005619494
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How To Solve The U.S. Housing Problem and Avoid A Recession: A Revived HOLC and RTC
Davidson, Paul - Volkswirtschaftliche Fakultät, … - 2008
This paper exlains the cause of the sub prime market failure in the US and suggests policies to copy with the problem.
Persistent link: https://www.econbiz.de/10005260193
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Resolving economic deadlock
Pfeffer, Claus-Peter - Volkswirtschaftliche Fakultät, … - 2011
In the introductory chapter a novel economic policy is proposed which consists of a) 'virtualizing' debt (putting it on the Central Bank balance sheet) and b) reduce the money-multiplier by an implementation of a strong minimum reserving policy. The main part shows exposes a flaw in the concept...
Persistent link: https://www.econbiz.de/10009211219
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Financial intermediation, investment dynamics and business cycle fluctuations
Ajello, Andrea - Volkswirtschaftliche Fakultät, … - 2010
financial markets. The dynamic model introduces price and wage rigidities and a financial intermediation shock into Kiyotaki and … Moore (2008). According to the estimated model, the financial intermediation shock explains around 40% of GDP and 55% of … investment volatility. The estimation assigns such a large role to the financial shock for two reasons: (i) the shock is closely …
Persistent link: https://www.econbiz.de/10009220105
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Indonesian Stock Market Crisis Observation with Spectral and Composite Index
Situngkir, Hokky - Volkswirtschaftliche Fakultät, … - 2012
The paper discusses the employment of the index composed from the dynamical tree of correlations among stock prices both with the popularly used standard (conventional) composite one. The spectral index focus on the dynamics of the correlation coefficients among stock prices while composite...
Persistent link: https://www.econbiz.de/10009418502
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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647230
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Using sentiment surveys to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
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The Islamic Inter bank Money Market and a Dual Banking System : The Malaysian Experience
Bacha, Obiyathulla I. - Volkswirtschaftliche Fakultät, … - 2008
This paper examines the operation of an Islamic Interbank Money market (IIMM), within a dual banking system. The paper argues that even though an Islamic Money market operates in an interest free environment and trades shariah compliant instruments, many of the risks associated with conventional...
Persistent link: https://www.econbiz.de/10005789753
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Food and Global Crises impacts on Middle East and North African Region: What lesson can we learn for the future?
Drine, Imed - Volkswirtschaftliche Fakultät, … - 2010
The recent crises concerning food and finances highlight the extreme fragility of the MENA countries and question the sustainability of the development processes. The economic and social impacts of these crises on the economies of the MENA region signal the magnitude of the challenges facing the...
Persistent link: https://www.econbiz.de/10008536055