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In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms and busts in asset market are associated with the fluctuations in overall economic activity through its impacts on aggregate spending. In this study, we use Smooth Transition...
Persistent link: https://www.econbiz.de/10010148062
This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no-arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...
Persistent link: https://www.econbiz.de/10009959071
Persistent link: https://www.econbiz.de/10010147103
, Australia, Euro, Japan and the UK during the period from 2000 to 2007. Two different approaches of Rai, Seth and Mohanty (2007 …
Persistent link: https://www.econbiz.de/10010148088
(OLS) and simple GARCH analysis on UIRP for the case of Malaysia-UK, Malaysia-Japan and Malaysia-Singapore. The empirical … on UIRP yield positive slope estimates for both Malaysia-UK and Malaysia-Japan cases, whereby for the case of Malaysia …
Persistent link: https://www.econbiz.de/10010009075
This article examines the impact of news about the Bank of Japan monetary policy announcements regarding the Japanese … domestic markets is related to the success of their policies. In Japan, a zero or low interest rate policy has been in effect … hypothesis show the recent existence of significant impacts of the Bank of Japan announcements on not only domestic interest …
Persistent link: https://www.econbiz.de/10010009133
This article makes an analytical comparison between simple, compound and continuous interest discount factors. It studies the equivalency relations between the three discount factors. An analysis is performed for a limited time period and of normal economy interest rates. It makes use of the...
Persistent link: https://www.econbiz.de/10010118436
This study examines the dynamic linkages between nine Central and Eastern European (CEE) emerging markets and the developed ones, i.e. Austrian, French, German, British and American stock markets. To investigate the nature of transmission of information we employ two econometric models which are...
Persistent link: https://www.econbiz.de/10010148070
With China's enhancing pace of opening up, Guizhou has been integrated into the world economy. facing an open economic … of China have attracted some foreign investment since the implement of the reform and opening up policy. This paper …. -- FDI ; Guizhou ; China ; investment …
Persistent link: https://www.econbiz.de/10010148276
High technology exports (HTX) are considered as an important factor for sustainable economic growth for a country. One of the most important prerequisite to high tech manufacturing and export is technology ownership. Technology ownership can be gained through technology transfer by the way of...
Persistent link: https://www.econbiz.de/10010186014