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Weekends in Malaysia.
Davidson, S.; Peker, A. - School of Economics, Finance and Marketing, RMIT University - 1996
The weekend effect is an empirical enomaly that has attracted substantial attention. Following the work of Connoly (1989) it is necessary to revisit previous empirical work. In this paper we examine the weekend effect in Malaysia over the period 1986-1993.
Persistent link: https://www.econbiz.de/10005487299
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The Public Financial System in Japan - Re-verification of the ballooning theory and the privileged government enterprise theory
Yamori, Nobuyoshi; Yamori, Nobuyoshi - East Asian Bureau of Economic Research (EABER) - 2005
starting point of the debate concerning the reform of public financial system in Japan. Section III reverifies the privileges … financial system. It is believed that reform of the private financial sector is not enough to revitalize the Japanese financial … system, but reform of the public financial sector is crucial. There are various opinions concerning ideal public financial …
Persistent link: https://www.econbiz.de/10009365435
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A Reassessment of Japanfs Big Bang Financial Regulatory Reform
Aronson, Bruce E. - Institute for Monetary and Economic Studies, Bank of Japan - 2011
revitalize Japanfs economy and aging society. Prior assessments generally view this reform effort as a failure due to Japanfs low … reform was largely successful in removing legal and administrative obstacles to the development of a market … using a results-oriented standard in evaluating Japanfs reform efforts. …
Persistent link: https://www.econbiz.de/10009249155
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Pension funds – main institutional investor on the Romanian capital market?
MILOS, Laura Raisa; CORDUNEANU, Carmen - In: Timisoara Journal of Economics 4 (2011) 2(14), pp. 105-110
In this article, the authors emphasize the very important role that institutional investors, under the form of pension funds, hold for the development of capital markets existing in the economy and for supporting the financing process of institutional sectors in the financing deficit situation....
Persistent link: https://www.econbiz.de/10009320164
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A kárpótlási jegy a magyar tőkepiac Jolly Jokere
Radnai, Márton - In: Közgazdasági Szemle (Economic Review - monthly of the … XLII (1995) 3, pp. 279-300
Az utóbbi évek egyik legérdekesebb tőkepiaci újdonsága a kárpótlási jegy, amely jelenleg a tőzsde egyik leglikvidebb értékpapírja. Egyedülálló, nemzetközileg ilyen formában példa nélküli pénzügyi eszköz, így a róla szóló irodalom is rendkívül szegényes, leginkább...
Persistent link: https://www.econbiz.de/10010963562
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The evolution of global standards of accounting
Gebhardt, Günther - Center for Financial Studies - 1999
The globalization of markets and companies has increased the demand for internationally comparable high quality accounting information resulting from a common set of accounting rules. Despite remarkable efforts of international harmonization for more than 25 years, accounting regulation is still...
Persistent link: https://www.econbiz.de/10010986378
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Narratives of the Great Financial Crisis (GFC): Why I am out of step
Goodhart, Charles - In: Journal of Financial Perspectives 1 (2013) 3, pp. 13-19
Economics is not a hard science, subject to controlled experiments. In their absence, we economists construct narratives to explain events, often involving key sound bites. Among the sound bites of the financial crisis are the following: “Separate the casino from the utility bank”;...
Persistent link: https://www.econbiz.de/10010991067
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Deepening Association of Southeast Asian Nations’ Financial Markets
Lee, Choong Lyol; Takagi, Shinji - Asian Development Bank Institute, Asian Development Bank - 2013
The paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015. In particular, it reviews where ASEAN’s financial markets and institutions now stand and...
Persistent link: https://www.econbiz.de/10010991117
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Does Inter-Market Competition Lead to Less Regulation?
Draus, Sarah - Université Paris-Dauphine (Paris IX) - 2010
This paper presents a model to analyze the consequences of competition in order-flow between a profit maximizing stock exchange and an alternative trading platform on the decisions concerning trading fees and listing requirements. Listing requirements, set by the exchange, provide public...
Persistent link: https://www.econbiz.de/10010861379
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Should Banks' Stress Test Results be Disclosed? An Analysis of the Costs and Benefits
Goldstein, Itay; Sapra, Haresh - In: Foundations and Trends(R) in Finance 8 (2014) 1, pp. 1-54
Stress tests have become an important component of the supervisory toolkit. However, the extent of disclosure of stress-test results remains controversial. We argue that while stress tests uncover unique information to outsiders — because banks operate in second--best environments with...
Persistent link: https://www.econbiz.de/10010883379