This paper consists of four short pieces on the subprime mortgage market. Based upon a proprietary database, LoanPerformance, of 80 million mortgage loans originated from January 1999 to July 2007, these pieces demonstrate: (1) the subprime loan market has contributed to a net gain in...

The high cost of international economic and financial crises highlights the need for a comprehensive framework to assess the robustness of national economic and financial systems. This paper proposes a new comprehensive approach to measure, analyze, and manage macroeconomic risk based on the...

The paper first analyzes the current situation of the bond markets in Bangladesh: The bond market has played a limited role in the Bangladesh economy. The Bangladesh bond market is also rather shallow compared to the neighboring countries. Then, the paper analyzes the main impediments to the...

This paper tests for and estimates single-equation non-dynamic panel threshold relationships among inflation, financial market development (FMD) and growth. This trivariate relationship changes across a sttistically robust inflation threshold of about 14%. Below 14%, the relationship between...

Healthcare financing the world over has been of great concern to both developed and developing countries. Thus, policies on how to finance and provide healthcare to an entire nation to include both the formal and informal sectors, rural and urban areas in low-and-middle-income countries is a...

We dissect the information content of sovereign credit rating reports issued by Moody's in 62 countries for the period 2003–2013. Using the Naïve Bayesian machine learning algorithm, we classify all sentences in each report into positive and negative tone, as well as six informational...

We examine the impact of international venture capital investors on private firm success spanning 69 countries over the years 1995-2010. The data examined indicate that, relative to deals in which the investor base is purely domestic, private firms that have an international venture capital...

In this work, behavior of money multipliers for a developing country, Turkey is examined and is calculated by estimating the values of the model constructed for the purpose for the period of 1952-1972. However, model lends itself for applications covering any other period.Study includes three...

Turkish Abstract: 'Özel Çekme Hakları' deyimi baslıca iki şeyi ifade etmektedir: Birinci olarak bir 'hesap birimini' simgelemektedir. Öte yandan bir 'açık kredi' anlamına gelmektedir. Özel Çekme Hakları Para Fonu'nun bir hesap standardı olarak görülmelidir. Bunların 'kağıt...

We examine the impact of government ownership on venture-backed private firm exits spanning 50 countries over the years 1990-2010. The data examined indicate that, relative to deals in which the investor base is purely nongovernment, private firms that have government ownership have higher...