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If Financial Market Competition is so Intense, Why are Financial Firm Profits so High? Reflections on the Current ‘Golden Age’ of Finance
Crotty, James - 2007
intense competition and historically high profit rates in commercial banking as Volcker’s Paradox. In this paper I extend the … financial industries that makes what Schumpeter called “corespective” competition and the exercise of market power possible … (thus raising the possibility that competition is not universally as intense as Volcker assumed); increased risk …
Persistent link: https://www.econbiz.de/10009467897
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Econometric model for Intraday Trading on the Spot Foreign Exchange Market, Considering Heavy Tails and Volatility Clustering
Serbinenko Anna - 2009
The research analyzes aspects of the spot forex intraday trading and the existing models based on macro fundamentals or describing market microstructure. Most of analysis is done on high frequency data, over an extensive period and on 70 currency pairs. A hybrid model based on microstructure...
Persistent link: https://www.econbiz.de/10009434490
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System economics: overcoming the pitfalls of forecasting models via a multidisciplinary approach
Orrell, David; McSharry, Patrick - 2009
In areas from medicine to climate change to economics, we are faced with huge challenges and a need for accurate forecasts, yet our ability to predict the future has been found wanting. The basic problem is that complex systems such as the atmosphere or the economy cannot be reduced to simple...
Persistent link: https://www.econbiz.de/10009441535
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Financial constraints, the distribution of wealth and international trade
Amissah, Emmanuel; Bougheas, Spiros; Falvey, Rodney - 2010
Extract: As the Heckscher-Ohlin-Mundell paradigm predicts, in a world where capital markets are perfect and production exhibits constant-returns to scale, while aggregate wealth endowments can be an important source of comparative advantage, their internal distribution does not matter for the...
Persistent link: https://www.econbiz.de/10009441617
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Robert T. Martin, Managing Director and Regional Executive, Bank of Montreal, BMO Financial Group: Doing Business in China
Liu, Juan - 2006
client demands and product expertise. The banks are concerned about increasing competition, the ability to be sustainable …
Persistent link: https://www.econbiz.de/10009445085
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Lucas, Keynes, and the Crisis
Laidler, David - 2009
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10009447272
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Success Factors for the Establishment of a Pan-African Securities Exchange
Foster, Andrew - 2011
This research investigated the critical success factors for the establishment of a pan-African securities exchange. Interviews with participants from the financial markets from around Africa enabled 16 critical success factors to be identified. These were then categorised into three...
Persistent link: https://www.econbiz.de/10009447611
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Essays on time series and causality analysis in financial markets
Bessler, David A. (contributor);  … - 2008
Financial market and its various components are currently in turmoil. Many largecorporations are devising new ways to overcome the current market instability.Consequently, any study fostering the understanding of financial markets and thedependencies of various market components would greatly...
Persistent link: https://www.econbiz.de/10009464873
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Earnings management and loss reversal
Mashoka, T Z - 2010
This research aims to detect and measure earnings management using a newly modified version of the standard Jones model (Jones, 1991). The standard model is extended to include a measure of discretionary accruals as an additional regressor instead of using the residuals. The variable used to...
Persistent link: https://www.econbiz.de/10009465394
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Simulating the Impacts of Agroterrorism on U.S. Financial Markets and Regional Economic Performance
Routhe, Christopher - 2007
The threat of terrorism against the United States has been a primary concern of public policy makers, particularly after the attacks of September 11, 2001. Economic theory and statistical analysis provide valuable insights into the challenge of estimating the regional and national economic...
Persistent link: https://www.econbiz.de/10009466288