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Simple, compound and continuous interest discounts : a comparative study
Parada-Daza, José Rigoberto - In: Journal of applied finance & banking 3 (2013) 1, pp. 31-43
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
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Ownership structure and efficiency of Tunisian banking sector
Anis, Ochi; Yosra, Saidi - In: Journal of finance and investment analysis 1 (2012) 3, pp. 239-254
In this paper, we’ll try to study the impact of ownership structure (state owned/private) of banks in Tunisia on its level of cost efficiency. While, we have proposed an assessment of the cost efficiency of Tunisian banks during the period 1999-2009 on a sample of 17 universal banks using a...
Persistent link: https://www.econbiz.de/10010079557
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Financial liberalization and banking crisis : a spatial panel model
Triki, Mohamed Bilel; Maktouf, Samir - In: Journal of applied finance & banking 2 (2012) 3, pp. 81-122
This paper investigates the determinants of banking system fragility by underlining the impact of bank liberalization …, we adopted a panel model with spatial dependency from a transmission channel points towards trade interactions to … estimate the parameters of the model on a panel of 40 emerging and developed countries during 1989-2010. The empirical results …
Persistent link: https://www.econbiz.de/10010009130
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An interpretation of an affine term structure model for Chile
Ochoa, J. Marcelo - In: Estudios de economía 33 (2006) 2, pp. 155-184
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
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Empirical testing on uncovered interest rate parity in Malaysia
Jaratin Lily; Mori Kogid; Mohd Rahimie Abd Karim; … - In: Journal of applied finance & banking 1 (2011) 2, pp. 95-114
Uncovered interest rate parity (UIRP) provides a crucial theoretical concept for many models in international finance and international monetary economics. Using quarterly data span from 1998Q1 to 2010Q3, we run conventional regressions (OLS) and simple GARCH analysis on UIRP for the case of...
Persistent link: https://www.econbiz.de/10010009075
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The impact of the Bank of Japan’s news announcements on the Japanese Yen, US Dollar, and the Euro
Kurihara, Yutaka - In: Journal of applied finance & banking 2 (2012) 3, pp. 39-50
This article examines the impact of news about the Bank of Japan monetary policy announcements regarding the Japanese … hypothesis show the recent existence of significant impacts of the Bank of Japan announcements on not only domestic interest … Japan. -- announcement ; central bank ; interest rate ; monetary policy …
Persistent link: https://www.econbiz.de/10010009133
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The effectiveness of stock prices on the phase of short-term interest rates : evidence from Eastern European countries
Yıldırım, Nurtac; Ozcelebi, Oguzhan; Kansu, Aydan - In: Advances in management & applied economics 3 (2013) 4, pp. 21-35
significant only for the case of Turkey. The result implies that Central Bank of the Republic of Turkey (CBRT) may respond to the …
Persistent link: https://www.econbiz.de/10010148062
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The effect of target federal funds rate changes on the foreign exchange markets : an event study approach
Wang, Alan T.; Hung, Shu-hsun; Jiang, I-ming - In: Journal of applied finance & banking 3 (2013) 3, pp. 117-132
This paper examines the effect of target Federal funds rate changes on major five foreign exchange markets: Canada, Australia, Euro, Japan and the UK during the period from 2000 to 2007. Two different approaches of Rai, Seth and Mohanty (2007) and the event study of Brown and Warner (1980, 1985)...
Persistent link: https://www.econbiz.de/10010148088
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Euro and technology effects on job turnover in Greek manufacturing
Papadogonas, Theodore; Voulgaris, Fotini - In: International journal of economic sciences and applied … 3 (2010) 1, pp. 27-38
This paper investigates the effects of Greece's European Union (EU) accession and European Economic and Monetary Union (EMU) entry, as well as R&D intensity and industry concentration on job creation and job destruction in the Greek manufacturing sector. The study is based on firm-level economic...
Persistent link: https://www.econbiz.de/10009958052
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Economic returns and risks to investment in education : an application of the multifactor CAPM
Athanassiadis, Antonios - In: International journal of economic sciences and applied … 4 (2011) 1, pp. 95-120
, productivity and unemployment) on returns and, using panel data regression techniques, we investigate whether this holds true with …
Persistent link: https://www.econbiz.de/10009958065