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Application of the Multiplier Effect to Test the Relationship of Total Injections and Withdrawals of the Greek Economy
Guirguis, Michel - 2019
The multiplier effect of rise in incomes and employment is in equilibrium in a free market economy when total injections, (J), equal total withdrawals, (W). When injections do not equal withdrawals, then, there is disequilibrium in the economy. Withdrawals consist of net saving, net taxes and...
Persistent link: https://www.econbiz.de/10012890741
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Output Gap, Inflationary or Deflationary Gap. Evidence from the Greek Economy by Testing the Relationship Between General Government Expenditure and GDP
Guirguis, Michel - 2019
According to the IMF subject information, output gap for advanced economies and specifically Greece is calculated as … regressive taxes, progressive taxes and proportional taxes. Greece has a positive output gap in 2007 of 10.042%. For the same … year, Greece had a structural budget deficit of -10.846%. In 2013, the output gap of Greece was -10.650 %, which means that …
Persistent link: https://www.econbiz.de/10012890743
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Illiquid Market and Credit Derivatives. Evidence from the Greek Market by Testing the Credit Derivatives Swap, CDS Spread Points
Guirguis, Michel - 2019
Credit derivative swap of the Greek market is a financial instrument the value of which is derived from an underlying market value incorporating the credit risk of a bond or a loan. They are used to hedge, to speculate on the spreads through arbitrage. The premium that is incorporated in the...
Persistent link: https://www.econbiz.de/10012890759
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Eliminating Time Lag and Bandwagon Effects in the Business Cycle. Evidence from the Greek Economy
Guirguis, Michel - 2019
The business cycle may be caused due to changes in monetary policy of interest rates, fiscal policy, changes in real wages, consumers and suppliers confidence of demand and supply and inventory cycles. This article examines and eliminates time lags and bandwagon effects in the business cycle of...
Persistent link: https://www.econbiz.de/10012890762
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Measuring Indebtedness of Greece, Italy, Portugal and Spain, (GIPS), in Terms of General Government Net Lending/borrowing, General Government Net Debt, Current Account Balance, Tot...
Guirguis, Michel - 2019
This article measures the total government indebtedness, total investment and gross national savings of Greece, Italy …
Persistent link: https://www.econbiz.de/10012894969
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An Application of a Johansen Cointegration Test and a Vector Error Correction, (VEC) Model to Test the Granger Causality between General Government Revenues and General Government...
Guirguis, Michel - 2018
returns of general government revenues and general government total expenditures of Greece. We have applied a Vector Error …
Persistent link: https://www.econbiz.de/10012910719
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The Effects of the Spread Risk in Terms of Basis Points From Changes in the Market Prices of Callable Bond Future Due to Credit Risk : Evidence From the Twist Effect of the Yield C...
Guirguis, Michel - 2021
spread risk in Greece. We find that the spread risk widens as the default risk of the callable bond future increase …
Persistent link: https://www.econbiz.de/10013232222
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Measuring Technical, Allocative and Overall Cost Efficiency of Greek Medium to Long – Term Government Bond by Applying Data Envelopment Analysis, DEA
Guirguis, Michel - 2021
The insurance industry is an important contributor to the economy, a major employer and a significant source of overseas earnings. Insurance industry helps businesses to protect themselves from risk and provides a wide range of services to people. In this article, we measure technical,...
Persistent link: https://www.econbiz.de/10013232469
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Improving the Model of Kirman, (1993). Linking Markov Chain and Probabilities With the Greek Christian Orthodox. Evidence From the US Closed-End Funds Industry
Guirguis, Michel - 2021
Several theories attempt to make sense of the closed-end funds discounts within a rational framework such as those by Malkiel, (1977,1995), Barclay, Holderness and Pontiff (1993), Kumar and Nornoha (1992), Pontiff (1996), Chen, Kan and Miller (1993), Chopra, lee, Shleifer and Thaler (1993),...
Persistent link: https://www.econbiz.de/10013232472