Economies with more active stock markets develop faster over successive decades. Such development remains attainable even after adjusting for various other factors underlying economic growth. Sierra Leone is one country whose stock market is now more than a decade old but remains poorly active....

This article mainly adopts modeling analysis, literature analysis and case study methods to compare the similarities and differences between carbon tax mechanism and carbon emission mechanism to discuss their advantages and limitations, and concludes that carbon market mechanism has obvious...

Based on the seminal paper by Ronald Coase and subsequent work by Oliver Williamson, Oliver Hart and others, explanations for the existence of firms typically hinge upon the advantages of internal coordination over the purchase of market services. In recent years, the standard theory of the...

Is the integration of occupational pension regulations across the Canadian provinces feasible? In this paper, we assess the proposal for harmonization made by the Canadian Association of Pension Supervisory Authorities (CAPSA) by comparing it to the EU’s successful integration of member...

Author presents changes in Polish market of public pension societies after accession to European Union. There is a little influence of that accession on the providing that kind of financial institutions.

The subject of the article is creation of the effective system of financial regulation, most fitting to the needs of economic development of Russia and the structural characteristics of the domestic financial market. Having analyzed international experience to-date with integrated financial...

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical nature of this interaction, however, has not been fully explored. To this end, we integrate the Diamond (1997) model of banking and financial markets with the Lagos and Wright...

Are financial intermediaries inherently unstable? If so, why? What does this suggest about government intervention? To address these issues we analyze whether model economies with financial intermediation are particularly prone to multiple, cyclic, or stochastic equilibria. Four formalizations...

The research objective of the study is to investigate the determinants of profitability of banks' operating in GCC (Gulf Cooperation Council) countries. The existing studies highlight the banks' internal attributes and external factors that significantly influence profitability. The unbalanced...

Are financial intermediaries inherently unstable? If so, why? What does this suggest about government intervention? To address these issues we analyze whether model economies with financial intermediation are particularly prone to multiple, cyclic, or stochastic equilibria. Four formalizations...