Showing 1 - 10 of 17
Although the mobile payment application is very popular and spread all over the world, however, in the increasingly competitive market economy, its market dominance has been affected. To achieve a sustainable competitive advantage, a model has been studied on the views of customer value,...
Persistent link: https://www.econbiz.de/10014377371
I show how irrational ideas and rumors can drive asset prices - not because anyone believes them, but because they are commonly known without being common knowledge. The phenomenon is driven by short-term market participants who are well-informed about the information that others have, and who...
Persistent link: https://www.econbiz.de/10012099152
Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
Persistent link: https://www.econbiz.de/10012099207
We show that information frictions can explain financial contagion without correlated fundamentals and explain why … emerging markets are more susceptible to contagion. Costly information may cause investors to group country signals, because … contagion. Due to lower demand for country-specific information and lower risk weighted returns, it is likelier that investors …
Persistent link: https://www.econbiz.de/10011892075
(2000), we provide a model of international contagion allowing for bank bail-outs financed by distortionary taxes. In the …
Persistent link: https://www.econbiz.de/10010270212
This contribution analyses the real economy effects of the current global crisis in Central East Europe. It focuses on the transmission channels of a drying up of capital inflows, in particular on foreign direct investment inflows and on foreign currency borrowing, the current account, and the...
Persistent link: https://www.econbiz.de/10010271424
In this paper, we propose a state-dependent VaR (SDVaR) to estimate spill over effects among different financial institutions. We permit spill-over effects to change depending on the state of financial markets. We show that spill-over effects only exist during crisis periods; in calm times spill...
Persistent link: https://www.econbiz.de/10010273625
Information technologies play a very important role in modernizing Russia's economy and society as whole. Its competitive advantage lies in the availability of highly educated labour resources. Russia accounts for approximately 9% of researchers in the world as opposed to a share of about 0.3%...
Persistent link: https://www.econbiz.de/10010304253
Communication perspectives are presented on the challenges posed to traditional newspapers by social media and citizen journalism, with special reference to the United States. This is an important topic given the critical role investigative reporting, long the domain of newspapers, plays in...
Persistent link: https://www.econbiz.de/10010307317
Airport operators, planners and regulatory agencies to measure the economic contribution of an airport to its local and regional surroundings, frequently use economic impact studies. The most common methods to measure airport economic impacts have been the Input-Output method, the Collection of...
Persistent link: https://www.econbiz.de/10011336377