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| Registros recuperados: 1.011 | |
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| Shakur, Shamim; Obben, James; Nugroho, Agus Eko. |
| The theory of exchange rate determination clearly links a depreciating currency to a deteriorating trade balance, interest differential and related economic fundamentals. Empirical testing carried out routinely confirms these relationships in “normal” times as currencies constantly align themselves to find their places in the global marketplace. When depreciation reaches crisis proportions, they are not always caused by a proportional deterioration in economic fundamentals. Random activities like speculative attacks are prompted by perceived problems in the banking sector as well as the contagion effect, leading to a currency crisis. Using pre crisis data and focusing on the Indonesian rupiah, this view is confirmed in the research. |
| Tipo: Journal Article |
Palavras-chave: Currency Crisis; Indonesia; Exchange Rate; Financial Economics; F31; F41. |
| Ano: 2005 |
URL: http://purl.umn.edu/50271 |
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| Hegedus, Gyula. |
| The key conclusions were that the new rules will in general reduce capital requirements for EU credit institutions by around 5% compared to present levels. Furthermore, the outcomes for the different approaches are in line with objectives particularly combining capital neutrality with appropriate incentives for institutions to move towards more sophisticated approaches. Finally, smaller domestic credit institutions adopting the simple approach will face slightly reduced capital charges; larger internationally active credit institutions adopting the more advanced approach will face substantially unchanged capital charges; smaller but specialised and sophisticated EU credit institutions adopting the advanced approach might face substantially lower capital... |
| Tipo: Journal Article |
Palavras-chave: Basel Committee; Basel Capital Accord; Capital Adequacy Framework; Capital Requirement Directive; CRD; Financial Economics; International Development. |
| Ano: 2007 |
URL: http://purl.umn.edu/58916 |
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| Shams, Rasul. |
| The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge bureaucratic organization, acting on its own behalf. This interpretation can not be endorsed fully by the available information, but only in the sense of bureau-shaping. The Bank itself is proud of being a knowledge bank. But its actual activity is the popularization... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International lending; Economic development; Public goods; Interest groups; Financial Economics; F33; F34; G21; O1. |
| Ano: 2004 |
URL: http://purl.umn.edu/26380 |
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| Sanders, Dwight R.; Irwin, Scott H.; Merrin, Robert P.. |
| The objective of this report is to re-visit the “adequacy of speculation” debate in agricultural futures markets. The Commodity Futures Trading Commission makes available the positions held by index funds and other large traders in their Commitment of Traders reports. The results suggest that after an initial surge from early 2004 through mid-2005, index fund positions have stabilized as a percent of total open interest. Traditional speculative measures do not show any material changes or shifts over the sample period. In most markets, the increase in long speculative positions was equaled or surpassed by an increase in short hedging. So, even after adjusting speculative indices for index fund positions, values are within the historical ranges reported in... |
| Tipo: Report |
Palavras-chave: Commitment’s of Traders; Index funds; Commodity futures markets; Agricultural Finance; Financial Economics. |
| Ano: 2008 |
URL: http://purl.umn.edu/37512 |
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| Turvey, Calum G.; Toole, Andrew A.; Kropp, Jaclyn D.. |
| This paper examines the relationship between uncertainty and investment decisions by food and non-food firms. Using hysteresis and the real options paradigm, we review why uncertainty might cause firms to delay investment. In particular, our model looks for a negative relationship between capital invested and uncertainty. In the alternative, if the relationship is positive, this may be consistent with the exercise of growth options or competitive markets. Empirical results are mixed. In one of the four models we present there is clear evidence of hysteresis, that is a negative relationship between year over year investment and uncertainty. The remaining 3 models indicate the opposite, a positive relationship between investment and risk. Although the models... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/6606 |
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| Denicolo, Vincenzo; Zanchettin, Piercarlo. |
| We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant. Initially, new leaders are eager to enlarge their lead and do much of the research, but if they innovate repeatedly, their propensity to invest in R&D decreases. Eventually they stop doing research altogether, and as they are overtaken a new cycle starts. The model generates a skewed firm size distribution and a deviation from Gibrat’s law that accord with the empirical evidence. We also consider various policy measures, showing that in some cases policy should... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Technological Lead; Innovation; R&D; Financial Economics; O32; O4. |
| Ano: 2010 |
URL: http://purl.umn.edu/60683 |
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| Lanfranco, Bruno A.. |
| En la pasada década, Uruguay tuvo su primera experiencia con el mercado de futuros de novillos para faena (MFN), el que funcionó durante los últimos meses de 1993 y hasta comienzos de 1994. El hecho que el MFN no sobreviviera más que unos pocos meses no implica necesariamente que los mercados de futuros para ganado en pie sean inviables en nuestro país. En este trabajo se examinaron algunas de las posibles razones que pueden explicar su fracaso. Es posible que al momento de su implementación no estuvieran dadas todas las condiciones necesarias para su desarrollo. Un punto a develar es si el bajo volumen operado en el MFN se debió a condiciones estructurales inherentes a las economías pequeñas y, por ende, imposibles de modificar o si, por el contrario,... |
| Tipo: Book |
Palavras-chave: Financial markets; Live cattle; Livestock market; Agribusiness; Financial Economics; Risk and Uncertainty; D81; G13; G14. |
| Ano: 2005 |
URL: http://purl.umn.edu/121755 |
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| Kiss, Arpad. |
| According to both international and Hungarian accounting standards milk quota shall be capitalised among the assets of the enterprises. It is necessary for the implementation of the activity; its value can be defined based on market processes and regulations of the authorities. Due to the possibility of trading quotas on the market it would be the only solution to avoid the recognition of requested and purchased quotas on different values in the accounting system. Considering the total amount of quotas a HUF 40 billion increase of assets could be reached by the enterprises in milk production, if quotas were recognized among the intangible assets. Based on the results of a questionnaire survey the majority of enterprises did not perform the valuation tasks,... |
| Tipo: Journal Article |
Palavras-chave: Milk quota regulation; Evaluation of milk quota; Accounting; Amortisation; Agricultural and Food Policy; Agricultural Finance; Financial Economics. |
| Ano: 2009 |
URL: http://purl.umn.edu/54039 |
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| Malik, Nadeem. |
| The objective of this paper is to see the impacts of economic reforms and trade liberalisation policies on agricultural export performance of Pakistan. The major purpose is to examine the effects of both domestic supply-side factors and world demand on agricultural export performance. Four indicators of economic reforms and trade liberalisation policies are considered namely competitiveness, diversification, openness and world demand for agricultural products; these indicators capture the effects of both domestic supply-side policy reforms and world market potential. The effects are analysed in dynamic term both in the long-run and short-run, using co integration and vector error correction (VECM) methods. The empirical results suggest that agricultural... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agriculture Economics; Agribusiness; Agricultural Finance; Environmental Economics and Policy; Financial Economics; Production Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/45854 |
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| Registros recuperados: 1.011 | |
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