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Foreign exchange market efficiency : empirical results for the USD/EUR market

Czech, Katarzyna Anna; Waszkowski, Adam - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 3, pp. 1-9

The aim of the paper is to verify whether the USD/EUR exchange rate market is efficient. The fundamental parity condition for testing foreign exchange market efficiency is represented by the uncovered interest-rate parity (UIP). Therefore, the UIP hypothesis verification accounts for the crucial...

Persistent link: https://www.econbiz.de/10010078132

The political economy of regional integration in the Western Balkans

Sklias, Pantelis - In: International journal of economic sciences and applied … 4 (2011) 3, pp. 21-37

The paper aims to identify the roots and causes of the failure of existing regional economic integration efforts in the Western Balkans and the poor prospects for similar attempts in the future. Existing classical political and economic approaches are enriched by identifying a framework of...

Persistent link: https://www.econbiz.de/10009958084

The speculation bubble on the real estate market in the USA in view of selected overinvestment theories

Bochenek, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 73-87

This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims...

Persistent link: https://www.econbiz.de/10009959704

Some considerations on the challenges to the economic science

Doroftei, Irina Mădălina - In: Romanian journal of fiscal policy : RJFP 3 (2012) 1, pp. 20-27

The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of debate regarding the profession of economists and the role of macroeconomics and monetary policies. The first question that arose was why there was a lack of anticipation of the...

Persistent link: https://www.econbiz.de/10010079775

Globalisation and the unpredictability of crisis episodes : an empirical analysis of country risk indexes

San-Martín-Albizuri, Nerea; Rodríguez-Castellanos, Arturo - In: Investigaciones europeas de Dirección y Economía de … 18 (2012) 2, pp. 148-155

The ongoing globalisation process has not put an end to international financial crises. On the contrary, it seems to have contributed to their appearance and to accentuating their degrees of unpredictability. In this context, the main objective of the present study is to establish whether the...

Persistent link: https://www.econbiz.de/10010009034

Is stock always the right choice? : should naive investors avoid stock markets?

Donadelli, Michael - In: Advances in management & applied economics 1 (2011) 3, pp. 93-113

The goal of this paper is to present an original and simple analysis aimed to understand why investing in capital markets can be very dangerous for "naive investors". Stock markets display often exploding volatility. They are characterized by instability and subject to external shocks. If...

Persistent link: https://www.econbiz.de/10010009044

Troubling times for the commercial banker : exploring the recent wave of failures

Hendickson, Jill M.; Nichols, Mark W. - In: Journal of applied finance & banking 1 (2011) 4, pp. 1-37

That the United States and the world experienced a major financial crisis and is still struggling to recover comes as no surprise to most. Less well known is the fact that over 400 commercial banks and thrifts have failed in the U.S. since 2008. This paper attempts to understand why so many...

Persistent link: https://www.econbiz.de/10010009103

On the systemic relevance of the insurance industry : is a macroprudential insurance regulation necessary?

Bach, Wolfgang; Nguyen, Tristan - In: Journal of applied finance & banking 2 (2012) 1, pp. 127-149

based on the normative theory of regulation. First, the paper elaborates some basic foundations, such as the … the requirements are fulfilled for a normative theory-compliant macroprudential regulatory foundation. Contrary to the … identifies the fundamental ingredients needed for a theory-based justification of a macroprudential insurance regulation. The …

Persistent link: https://www.econbiz.de/10010009108

Efficiency in Islamic banking during a financial crisis : an empirical analysis of forty-seven banks

Said, Ali - In: Journal of applied finance & banking 2 (2012) 3, pp. 163-197

The present paper measured the efficiency of Islamic banks during economic troubles of 2006-2009 to address the question if Islamic banks were efficient and stable. This paper addresses this question by measuring efficiency through employing the on-parametric technique, Data Envelopment Analysis...

Persistent link: https://www.econbiz.de/10010009128

Comparative study on performance of Islamic banks and conventional banks in GCC region

Siraj, K. K.; Pillai, P. Sudarsanan - In: Journal of applied finance & banking 2 (2012) 3, pp. 123-161

Islamic banking is considered as alternative to conventional banking. It focuses on profit/loss and risk sharing, than interest based deposit/lending followed in conventional banking. Conventional Banking cherishes a long history while Islamic banking gained importance in last few decades. The...

Persistent link: https://www.econbiz.de/10010009129

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