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Technical uncertainties in and practical implications of the capitalisation of borrowing costs in South Africa / Leani van Staden

Van Staden, Leani - 2011

The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) have reaffirmed their commitment to accomplishing the convergence of International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Practice (US GAAP),...

Persistent link: https://www.econbiz.de/10009456148

Deposit insurance, market discipline and off-balance sheet banking risk of large U.S. commercial banks

Hassan, M. Kabir; Karels, Gordon B.; Peterson, Manferd O. - 1991

The "market discipline" of off-balance sheet banking activities (OBSA) has been reexamined by employing contingent claims valuation techniques to derive implied asset variances from bank equity and deposit insurance, and from risk-premia for bank subordinated debt. Specifically implied asset...

Persistent link: https://www.econbiz.de/10009468594

The market's evaluation of off-balance sheet banking risk: a methodological reexamination

Hassan, M. Kabir; Karels, Gordon V.; Peterson, Manferd O. - 1991

The empirical literature, to date, has ignored the impact of Off-balance sheet (OBS) banking activities on the default-risk premia borne by bank subordinated debtholders. This paper examines the "market discipline" of OBS activities by employing a contingent claims pricing model to the...

Persistent link: https://www.econbiz.de/10009468597

Deposit insurance, market discipline and off-balance sheet banking risk of large U.S. commercial banks

Hassan, M. Kabir; Karels, Gordon V.; Peterson, Manferd O. - 1991

Persistent link: https://www.econbiz.de/10009451088

The market's evaluation of off-balance sheet banking risk: a methodological reexamination

Hassan, M. Kabir; Karels, Gordon V.; Peterson, Manferd O. - 1991

Persistent link: https://www.econbiz.de/10009451091

Institutional and economic determinants of regional public debt in Spain

Delgado Téllez de Cepeda, Mar; Pérez García, Javier José - 2018

En este documento se hace un análisis empírico de la evolución y de los determinantes de la deuda de las Comunidades Autónomas (CCAA). España constituye un caso interesante de estudio debido a su alto nivel de descentralización fiscal (desarrollado gradualmente durante las últimas cuatro...

Persistent link: https://www.econbiz.de/10012532116

Since When Have FOREX Markets Incorporated EMU into Currency Pricing? Evidence from Four Exchange Rate Series

Wilfling, Bernd - 2001

-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-à-vis the German mark using … daily data for the time prior to Stage III of EMU. Statistical inference yields the dates at which financial markets began … to incorporate the expected EMU participation of each country into currency pricing. The data exhibits strong econometric …

Persistent link: https://www.econbiz.de/10009442403

Two essays on monetary union and international finance

Mahajan, Arvind (contributor); Saving, Thomas (contributor) - 2005

This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate … after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence …

Persistent link: https://www.econbiz.de/10009465029

Bond Yield Compression in the Countries Converging to the Euro

Orlowski, Lucjan T.; Lommatzsch, Kirsten - 2005

We demonstrate that bond yield compression is under way in the countries converging to the euro and that German yields are significant drivers of local currency yields. Based on the evidence from Poland, Hungary and the Czech Republic, we conclude that these new Member States of the European...

Persistent link: https://www.econbiz.de/10009477042

The Balassa-Samuelson effect in Central and Eastern Europe: Myth or reality?

Égert, Balázs; Drine, Imed; Lommatzsch, Kirsten; … - 2002

This paper studies the Balassa-Samuelson effect in 9 CEECs . Using panel cointegration techniques, we find strong empirical evidence in favour of what we call the internal transmission mechanism since productivity growth in the open sector is found to bring about non-tradable inflation. However,...

Persistent link: https://www.econbiz.de/10009477446