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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
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
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Efficiency of NPA management in Indian SCBs : a bank-group wise exploratory study
Siraj, K. K.; Pillai, P. Sudarsanan - In: Journal of applied finance & banking 3 (2013) 2, pp. 123-137
since variables used in this study showed non-linear movements. Variables that impact NPA of banks is assessed and based on … in managing their NPA. The findings revealed relative efficiency of public sector banks, which of course may be judged as …
Persistent link: https://www.econbiz.de/10010148069
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Further analysis of bank efficiency correlates : the Nigerian experience
Oke, David Mautin; Poloamina, I. D. - In: Journal of applied finance & banking 2 (2012) 4, pp. 1-11
All over the world, banks have been undergoing crisis, but the Nigerian experience has been hazardous to the country … deposit money banks in Nigeria over the period 2001-2008. Random effects Tobit regression was applied for estimating the …, indirect adoption of universal banking policy and non-listing of a bank on the stock exchange on bank’s cost efficiency were …
Persistent link: https://www.econbiz.de/10010058682
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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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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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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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The use of behavioral finance in the wealth management process
Opolski, Krzysztof; Potocki, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 55-65
The economic theories taking into consideration human behavior and based on the achievements of psychology, sociology, anthropology have been evolving at a blistering pace over the last decade. Owing to that, the behavioral finance has become one of the fastest developing academic areas focused...
Persistent link: https://www.econbiz.de/10009959729
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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 on banking stability during the process of financial liberalization in emerging and developed countries. To this effect, we adopted a panel model with spatial dependency from a...
Persistent link: https://www.econbiz.de/10010009130
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Banking stability, market structure and financial system in emerging countries
Wen, Shiow-ying; Yu, Jean - In: Journal of applied finance & banking 3 (2013) 3, pp. 1-13
banking stability. One needs to take into consideration of banks competiveness incorporates with degrees of financial depth …
Persistent link: https://www.econbiz.de/10010148095
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Measurement of liquidity-adjusted market risk by VaR and expected shortfall : evidence from Turkish banks
Aktas, Cihan; Cortuk, Orcan; Teker, Suat; Yildirim, … - In: Journal of applied finance & banking 2 (2012) 5, pp. 137-147
Banks’ hypothetical trading portfolios to measure their total market risk. The results of designed risk measurement process … results imply that the capital adequacy ratios of Turkish banks indicate a solid loss absorbency capacity although liquidity … shocks on the banks’ trading portfolios should be frequently analyzed on a more elaborate basis by taking market liquidity …
Persistent link: https://www.econbiz.de/10010058692