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CDS Pricing and Elections in Emerging Markets
Balding, Christopher - In: Journal of Emerging Market Finance 10 (2011) 2, pp. 121-173
To study the role of elections in financial market instability, we focus on the role of credit risk pricing during … elections from 2004 to 2007 in 13 emerging market economies. We use a unique dataset of daily credit default swap (CDS) pricing …, with standard macroeconomic controls, to study the role of elections in prompting financial market instability and …
Persistent link: https://www.econbiz.de/10010772762
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Contagion and Spillovers: New Insights from the Crisis
Backé, Peter; Feldkircher, Martin; Nieto-Parra, Sebastián - SUERF - The European Money and Finance Forum
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10008838228
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Political rights, taxation, and firm valuation: Evidence from Saxony around 1900
Lehmann, Sibylle H.; Hauber, Philipp; Opitz, Alexander - 2012
The extension of the franchise to social groups with less property and income is associated with greater income redistribution from the rich to the poor and extension in the provision of public goods, which leads to the growth of government expenditure. All of these expected changes are costly...
Persistent link: https://www.econbiz.de/10010310844
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Political rights, taxation, and firm valuation: Evidence from Saxony around 1900
Lehmann, Sibylle H.; Hauber, Philipp; Opitz, Alexander - Forschungszentrum Innovation und Dienstleistung, … - 2012
The extension of the franchise to social groups with less property and income is associated with greater income redistribution from the rich to the poor and extension in the provision of public goods, which leads to the growth of government expenditure. All of these expected changes are costly...
Persistent link: https://www.econbiz.de/10010955044
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Failed attempt to break up the oligopoly in sovereign credit rating market after financial crises
Malewska, Alicja - In: Contemporary Economics 15 (2021) 2, pp. 153-163
For decades, the credit rating market has been dominated by three major agencies (Moody's, S&P and Fitch Ratings). Their oligopolistic dominance is especially strong in sovereign credit ratings industry, where they hold a collective global share of more than 99%. Global financial crisis and the...
Persistent link: https://www.econbiz.de/10014544630
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Governance of Global Financial Markets : The Law, the Economics, the Politics (Introduction)
Avgouleas, Emilios - 2012
The recent financial crisis proved that pre-existing arrangements for the governance of global markets were flawed. With reform underway in the USA, the EU and Internationally, this book explores most of the questions associated with building an effective governance system and analyses the...
Persistent link: https://www.econbiz.de/10013106506
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Governance of International Banking : The Financial Trilemma (Chapter 1)
Schoenmaker, Dirk - 2013
The Global Financial Crisis has shown that the international financial system is vulnerable to breakdown. The financial trilemma demonstrates that financial stability, international banking and national financial supervision cannot be combined. National supervisors force international banks to...
Persistent link: https://www.econbiz.de/10013084044
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The International Monetary System After the Financial Crisis
Dorrucci, Ettore - 2014
The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10013069527
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동아시아 국제증권결제제도의 대안 (Alternatives of Cross-Border Securities Settlement System in East Asia)
Chai, Hee-Yul - 2017
Korean Abstract: 역내 자본시장의 연계와 통합을 통해 지역 자본시장을 육성하기 위해서는 동아시아 국제지급결제시스템의 구축이 중요한 의미를 지닌다. 그럼에도 불구하고 이에 관한 실무적ㆍ학술적 연구는 일천한 실정이다....
Persistent link: https://www.econbiz.de/10012942580
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The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey
Cevik, Serhan - 2017
This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit...
Persistent link: https://www.econbiz.de/10012944424