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Persistent link: https://www.econbiz.de/10008906826
We show that cross-border financial flows arise when countries differ in their abilities to use assets as collateral. Financial integration is a way of sharing scarce collateral. The ability of one country to leverage and tranche assets provides attractive financial contracts to investors in the...
Persistent link: https://www.econbiz.de/10012962544
This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the...
Persistent link: https://www.econbiz.de/10012920837
This paper studies a modern monetary economy: trade in both goods and securities relies on money provided by intermediaries. While money is valued for its liquidity, its creation requires costly leverage. Inflation, security prices and the transmission of monetary policy then depend on the...
Persistent link: https://www.econbiz.de/10012914919
This study examines the demand for broad money (M2) in China using the autoregressive distributed lag (ARDL …
Persistent link: https://www.econbiz.de/10013155958
The study attempts to understand the influence of Brent oil price per barrel (BOP), the general index of 30 stocks in Saudi Arabia (MSCI30), the number of Covid-19 new infected cases (NIC_19), ounce gold price (OGP), and US dollar base to Iraqi Dinar exchange rate (USD_IQD) upon Iraq stock...
Persistent link: https://www.econbiz.de/10014239302
We extend the work of Bernanke and Kuttner (2005) by examining the impact of monetary shocks and policy tools on aggregate stock and bond returns as well as the stock returns of financial institutions during the recent period of Quantitative Easing (QE) in the U.S. Specially, we test for the...
Persistent link: https://www.econbiz.de/10012959685
Statistics of the People's Republic of China. Unit root, cointegration tests, vector error correction estimates, block exogeneity …
Persistent link: https://www.econbiz.de/10012970640
forces of Asia affects the world economy. World's most populated countries viz. China and India are competing with the …
Persistent link: https://www.econbiz.de/10013146559
The paper aims to investigate the possible dual causality between exchange rates and stock indices of China and ASEAN … the Shanghai Composite Index and Shenzhen Stock Index in the context of China’s third largest trading bloc, i.e., ASEAN … and forex markets in the context of China and ASEAN. The focus of this paper is to explore such relationship with the …
Persistent link: https://www.econbiz.de/10012024028