The article analyses the real estate market in Ukraine from the point of view of the concept of financial markets on the basis of the dynamics of average prices on housing habitations, profitability and chain indices with the annual lag. It reveals that there is no sufficient basis for the real...

Проанализирован рынок недвижимости Украины с точки зрения концепции финансовых рынков на основе динамики средних цен на жилье, доходностей и цепных индексов с...

This paper employs Granger causality tests to identify the impacts of historical information from global financial markets on their current levels in 30-day windows. The dataset consists primarily of the daily index levels of the (1) open, (2) close, (3) intra-day high, (4) intra-day low, and...

Stock prices move together more in low-income economies than in high-income economies. This finding is clearly not due to market size differences, and only partially explained by slightly higher fundamentals correlation in low-income economies. However, measures of a country's institutionalized...

We analyse an economy where production is subject to moral hazard.

The MENA Region has recently witnessed significant economic and financial development. Yet its trade and capital flows remain marginal on a global level, and risk perceptions and institutional underdevelopment are still a powerful obstacle to an increased access to capital markets, a better...

Various less developed countries and newly industrialized countries use financial regulation as an instrument for industrial policy. Based on a theoretical analysis, this paper provides empirical evidence for South Korea on how foreign banks compete in a regulated environment and how competition...

This paper considers three questions : (1) what is the role of financial markets in development, (2) why do some economies have such poorly developed financial markets, and (3) can government policy be used to promote financial market development?

Nach den Ergebnissen des 81. World Economic Survey (WES), an dem sich 1 144 Experten aus 91 Ländern beteiligt haben, hat sich das ifo Weltwirtschaftsklima im Juli 2003 deutlich aufgehellt, nachdem es bereits im April erste Zeichen einer Erholung gezeigt hatte. Mit 91,3 Punkten (1995 = 100)...