The aim of the promotion paper is to study the impact of investments on the economic growth of Latvia, the main factors impacting the investment processes, and, subsequently, to elaborate proposals for improving the investment structural policy in Latvia. The first chapter of the promotion paper...

This paper considers areas in which the regulation and enforcement of accounting standards, and auditing standards in particular, have contributed to the recent global financial crisis. As well as the impact of such standards on pro cyclicality, the level of success achieved by international...

This paper addresses factors which have prompted the need for further revision of banking regulation, with particular reference to the Capital Requirements Directive. The Capital Requirements Directive (CRD), which comprises the 2006/48/EC Directive on the taking up and pursuit of the business...

Given a commercial banking firm facing credit risk we develop a dynamic hedging model where the bank management can use credit derivatives. In a continuous-time framework optimal hedging strategies, deposit and loan decisions and consumption are studied. It is shown that the optimal hedge ratio...

This study aims to investigate the efficiency in Thai financial sector after the financial crisis (1998 – 2004) by looking at the total factor productivity (TFP) growth. Furthermore, the study also investigate the efficiency in commercial bank sector, finance and securities company sector and...

This study examines the long-run and short-run effect of macroeconomic variables on the Nigerian capital market between 1984 and 2007. The properties of the time series variables are examined using the Augmented Dickey-Fuller (ADF) test and most of the variables have a unit root at level. The...

The primary aim of the paper is to estimate the extent of FDI influence on domestic investment processes in Latvia. Author analyses the theoretical issues of FDI effect on capital formation process in the host economy. The results of econometric analysis of the total investment model presented...

This article presents a series of reflections about the probable behaviour of the colombian economy during this year. In this article, there are shown and sustained the macroeconmic projections of the Grupo de Macroeconomia Aplinada. Equally, there are some hypotheses that are established about...

In this paper, using a structural var approach, we find that in Quebec and Canada, fiscal shocks and spending shocks are relatively persistent, spending shocks being more persistent. Output shocks are the most persistent of all shocks. Public spending generate more output in the short-run but...

Economists differ on their views regarding importance of financial system for economic growth. This paper presents a brief study of contribution of economists regarding the relationship between financial intermediation and economic growth. It has been found that when including the acquisition of...