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African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African … (Christianity and Islam). Findings provide partial support for the existence of absolute convergence in some dynamics. Only sub …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10010862101
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African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African …(Christianity and Islam). Findings provide partial support for the existence of absolute convergence in some dynamics. Only SSA reveals … conditional convergence in relation to per capita number of listed companies. The speed of convergence for the most part is …
Persistent link: https://www.econbiz.de/10009422010
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African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
Asongu, Simplice A. - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African … (Christianity and Islam). Findings provide partial support for the existence of absolute convergence in some dynamics. Only sub …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10011390786
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Financial System Structure and Change - 1986-2005 Evidence from the OECD Countries
A. Antzoulatos, Angelos; Thanopoulos, John - In: Journal of Economic Integration 23 (2008), pp. 977-1001
In this paper, we use sixteen financial indices from the World Bank’s Financial Development and Structure database, to classify the OECD countries, according to their financial system structure, in five relatively homogenous clusters for the 1996-2005 period. We also examine the changes in...
Persistent link: https://www.econbiz.de/10009415597
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Systematic Risk Characteristics of Corporate Equity
Shuetrim, Geoffrey - Reserve Bank of Australia - 1998
systematic risk. This convergence phenomenon appears to result in older and larger firms having equity betas that are closer to … unity than smaller and younger firms. The relationship between equity beta convergence and firm size is reconciled with the …
Persistent link: https://www.econbiz.de/10005398643
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African stock market performance dynamics : a multidimensional convergence assessment
Asongu, Simplice A. - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African … (Christianity and Islam). Findings provide partial support for the existence of absolute convergence in some dynamics. Only sub …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10011410266
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Is financial globalization in reverse after the 2008 global financial crisis? : evidence from corporate valuations
Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - 2020
For the last two decades, non-US firms have lower valuations than similar US firms. We study the evolution of this valuation gap to assess whether financial markets are less integrated after the 2008 global financial crisis (GFC). The valuation gap for firms from developed markets increases by...
Persistent link: https://www.econbiz.de/10012216663
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A framework for collateral risk control determination
Cossin, Didier; Huang, Zhijiang; Auron-Nerin, Daniel; … - 2003
This paper derives a general framework for collateral risk control determination in repurchase transactions or repos. The objective is to treat consistently heterogeneous collateral so that the collateral taker has a similar risk exposure whatever the collateral pledged. The framework measures...
Persistent link: https://www.econbiz.de/10009639858
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The minimum liquidity deficit and the maturity structure of central banks' open market operations
Eisenschmidt, Jens; Holthausen, Cornelia - 2010
This paper studies the relationship between the size of the banking sector’s refinancing needs vis-à-vis the central bank and auction rates in its open market operations in times of financial market stress. In a theoretical model, it is found that marginal rates at central bank auctions may...
Persistent link: https://www.econbiz.de/10009640515
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Testing for Concordance Ordering
Cebrian, Ana C.; Denuit, Michel; Scaillet, Olivier - 2002
This paper delevops a tools to analyse the ordering of concordance of random vectors.
Persistent link: https://www.econbiz.de/10005843302