Showing 1 - 10 of 251
The paper provides empirical analysis on the linkage betweenthe behavior of bank lending and business cycles in South Africa. Consistentwith theory, overall evidence suggesting pro-cyclicality of bank lending isuncovered both at macro and micro levels. At macro level, bank lending andlending...
Persistent link: https://www.econbiz.de/10009457730
Purpose - It has been found that stock market returns vary seasonally with the amount of daylight, and they attribute this effect to seasonal affective disorder (SAD), which is a psychological condition that causes depression and heightened risk aversion during the fall and winter months. The...
Persistent link: https://www.econbiz.de/10009462182
Purpose – This article aims to provide details of the process involved in preparing a comprehensive maintenance audit of school buildings and facilities in a state government education department.Design/methodology/approach – This paper presents the framework and logistics of the survey or...
Persistent link: https://www.econbiz.de/10009441692
Purpose - The purpose of this paper is to develop a conceptual framework that can be used to identify capabilities needed in the management of infrastructure assets.Design/methodology/approach - This paper utilises a qualitative approach to analyse secondary data in order to develop a conceptual...
Persistent link: https://www.econbiz.de/10009441810
monetary and fiscal policy. First, we provide a New Keynesian framework which incorporates an oligopolistic banking sector …
Persistent link: https://www.econbiz.de/10009429001
Dua and Miller (1996) created leading and coincident employment indexes for the state of Connecticut, following Moore's (1981) work at the national level. The performance of the Dua-Miller indexes following the recession of the early 1990s fell short of expectations. This paper performs two...
Persistent link: https://www.econbiz.de/10009429949
This dissertation investigates the properties of macroeconomic fluctuations in a small open economy under the presence of sovereign default risk. International borrowing and lending arise from the interaction between a risk averse sovereign representative agent in a small open economy trying to...
Persistent link: https://www.econbiz.de/10009431297
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade ofindividual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434781
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434784
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...
Persistent link: https://www.econbiz.de/10009435028