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В статье проанализированы три формы информационной эффективности финансовых рынков. Проведен расчет статистики Дарбина-Уотсона на базе ежедневных значений...
Persistent link: https://www.econbiz.de/10011227720
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This Joint Staff Assessment assesses the Economic Growth Support and Poverty Reduction Strategy (EGSPRS), which is the first full poverty reduction strategy paper (PRSP) prepared by the government of Mongolia. The EGSPRS builds on the strategy articulated in the interim report (I-PRSP) presented...
Persistent link: https://www.econbiz.de/10005825054
This paper presents a model of a multinational firm's optimal debt policy that incorporates international taxation factors. The model yields the prediction that a multinational firm's indebtedness in a country depends on a weighted average of national tax rates and differences between national...
Persistent link: https://www.econbiz.de/10005825596
Tax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts about the cost effectiveness of the tax incentive...
Persistent link: https://www.econbiz.de/10005825616
Analyzing and projecting the behavior of macroeconomic variables in new EU member states presents special challenges, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an underexplored sectoral data set. The determinants of...
Persistent link: https://www.econbiz.de/10005825651
This paper analyzes certain policies that are typical of a number of rapidly growing East Asian countries in which a fixed exchange rate, combined with a surplus labor market, has made domestic assets relatively inexpensive, generating high rates of FDI as well as domestic capital formation....
Persistent link: https://www.econbiz.de/10005825678
data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected …
Persistent link: https://www.econbiz.de/10005825763
important group of investors: U.K. pension funds. The tax-adjusted CAPM suggests that the impact should depend on an average of … dividend tax rates across all investors, and that U.K. pension funds should reduce their holdings of the previously tax …
Persistent link: https://www.econbiz.de/10005825898
investors could significantly disrupt the stability of local capital markets in the event of a market shock, with systemic … implications for the real economy. Our estimates suggest that while local investors remain the more important group in terms of …
Persistent link: https://www.econbiz.de/10005825920