The paper suggests a nonlinear and multivariate time series model framework that enables the study of simultaneity in returns and in volatilities, as well as asymmetric effects arising from shocks and an outside stock exchange. Using daily data 2000-2006 for the Baltic state stock exchanges and...

La crise financière 2007-2008 a suscité une profusion de réactions et d'explications : on a évoqué le mimétisme des organismes, la cupidité de leurs dirigeants, la propension des traders à aimer le jeu. Elle est évidemment due à la conjonction de plusieurs facteurs. Nous mettons ici...

Based on interviews with officers and workers in four banks and four insurance companies in each country.

Examines the role of financial institutions in transferring remittance and macro-economic background against which such transfers takes place; evaluates use of remittance, the characteristics and needs of remittance sending/receiving persons; explores the possible role of micro-finance institutions...

Based on a survey of 275 clients of a microfinance institution (MFI) in Lusaka. Analyses the economic stresses to which low-income entrepreneurs are vulnerable, examines their coping strategies and assesses the potential demand for microinsurance and other risk-managing financial services such...

Analyses the creation (in 1998) and evolution of the Professional Association of Mutual Financial Institutions, describes the history of the Association including the challenges and problems it faced and continues to confront.

Describes and assesses micro-finance schemes operating in the Kalookan City, Quezon City and Marikina.