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This paper examines how a shock to collateral value, caused by asset market fluctuations, influences the debt capacities and investments of firms. Using a source of exogenous variation in collateral value provided by the land market collapse in Japan, I find a large impact of collateral on the...
Persistent link: https://www.econbiz.de/10009472550
Military, diplomatic, and intelligence analysts are increasingly interested in having a valid system of models that span the social sciences and interoperate so that one can determine the effects that may arise from alternative operations (courses of action) in different lands. Part I of this...
Persistent link: https://www.econbiz.de/10009438897
Military, diplomatic, and intelligence analysts are increasingly interested in having a valid system of models that span the social sciences and interoperate so that one can determine the effects that may arise from alternative operations (courses of action) in different lands. Part I of this...
Persistent link: https://www.econbiz.de/10009439253
In recent years, government aid agencies and international organizations have increased their financial commitments to controlling and eliminating malaria from the planet. This renewed emphasis on elimination is reminiscent of a previous worldwide campaign to eradicate malaria in the 1960s, a...
Persistent link: https://www.econbiz.de/10009475393
There is no substitute to the intellectual disposition to innovate. To increase the value of creative thinking, ideas have to be transformed into wealth production through generation, promotion, and distribution of appreciated products and/or services in a timely and competitive way. To achieve...
Persistent link: https://www.econbiz.de/10009476082
How do institutional arrangements in banking affect the occurrence of crises?The first two chapters present an endeavor in using new modeling techniques toanswer this question. Even if the results are not widely accepted, the way inwhich the problem is tackled here is offered for consideration...
Persistent link: https://www.econbiz.de/10009458912
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
increased during and after the crisis. However, we found weak support for contagion in the pre-crisis period. …
Persistent link: https://www.econbiz.de/10009441578
This study examines stock market contagion from the United States to the markets of the GCC countries during the period … that the collapse of the GCC stock markets did not result purely from contagion, in the sense that these markets did not …
Persistent link: https://www.econbiz.de/10009441584
have sparked and induced contagion. This study further extends the existing research by identifying and testing three … financial market variables to trace the alleged origin and the subsequent path of the contagion during the 1997 Asian Crisis … strong support for contagion. We further extend the analysis by looking at the impulse responses. The results still do not …
Persistent link: https://www.econbiz.de/10009441798