Search Results

Banking Sector Fragility and Turkey�s 2000�01 Financial Crisis,
Fatih Ozatay and Guven Sak, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2003)

Recent Experiences With Capital Controls: Is There A Lesson for Turkey?,
Melike Altinkemer, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2003)

Electronic Money Free Banking and Some Implications for Central Banking,
Yuksel Gormez and Christopher Houghton Budd, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2003)

The Effectiveness of Foreign Exchange Interventions for the Turkish Economy: A Post-Crisis Period Analysis,
Ozge Akinci, Olcay Çulha, Umit Ozlale and Gülbin Şahinbeyoğlu, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2005)
Keywords: Foreign Exchange Interventions, Emerging Markets, Event Study and Time Varying Parameter Model

The Price Puzzle in Emerging Markets: Evidence from the Turkish Economy Using Model Based Risk Premium Derived from Domestic Fundamentals,
Zelal Aktas, Neslihan Kaya and Umit Ozlale, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2005)
Keywords: Risk Premium, Non-Linear State Space Models

Hedge ratio estimation and hedging effectiveness: the case of the S&P 500 stock index futures contract,
Dimitris Kenourgios, Aristeidis Samitas and Panagiotis Drosos, from University Library of Munich, Germany (2005)
Keywords: Hedging effectiveness; minimum variance hedge ratio (MVHR); hedging models; Standard & Poor’s 500 stock index futures

Macroeconomic factors’ influence on “new” European countries stock returns: the case of four transition economies,
Aristeidis Samitas and Dimitris Kenourgios, from University Library of Munich, Germany (2005)
Keywords: Stock returns; macroeconomic factors; present value model; Central-Eastern (“New”) stock markets; “Old” European stock markets; USA.

Initial Performance of Greek IPOs, Underwriter’s Reputation and Oversubscription,
Dimitris Kenourgios, Spyros Papathanasiou and Emmanouil Rafail Melas, from University Library of Munich, Germany (2005)
Keywords: IPOs, underpricing, oversubscription, underwriters’ prestige, Athens Stock Exchange.

El Mercado Secundario de Deuda en Chile,
Vicente Lazen, from University Library of Munich, Germany (2005)
Keywords: Secondary debt market Chile corporate debt government debt

How do Currency Markets Interact? Evidence from the Yen-Dollar Exchange Rates in Tokyo, London, and New York,
Ingyu Chiou, James Jordan- Wagner and Hai-Chin Yu, from University Library of Munich, Germany (2005)
Keywords: price transmission, causality, VAR

FINANCIAL MARKETS AND INSTITUTIONS: IMPORTANT FUNCTIONS,
Fadil Govori, from University Library of Munich, Germany (2005)
Keywords: Markets and Institutions

Libéralisation financière: Impacts et conditions de réussite Un essai d'application pour les pays du Maghreb,
Hamdi Khalfaoui, from University Library of Munich, Germany (2005)
Keywords: Libéralisation Financière, Réformes, Croissance économique,PMA.

Dollarization Persistence and Individual Heterogeneity,
Paul Castillo and Diego Winkelried, from University Library of Munich, Germany (2005)
Keywords: Dollarization, individual heterogeneity, persistence, aggregation

SECURITIES MARKETS AND SOCIAL CAPITAL INTEGRATION IN AFRICA: RISKS AND POLICY OPTIONS,
Godwin Nwaobi, from University Library of Munich, Germany (2005)
Keywords: SECURITIES,SOCIAL CAPITAL, MARKETS, PORTFOLIO, AFRICAN ECONOMY, INSTITUTIONS, RISKS, BONDS, TREASURY BILLS, STOCKS, DEBENTURES, STOCKEXHANGE, AUCTIONS INVESTMENTS, DEBT, MICROFINANCE, SOCIALSECURITY

DO EXTERNAL FUNDS YIELD LOWER RETURNS? RECENT EVIDENCE FROM EAST ASIAN ECONOMIES,
Sarmistha Pal, from University Library of Munich, Germany (2005)
Keywords: Asian Crisis, Efficiency of internal and external funds, Moral hazard of bad loans, Financial constraint, Random effects model with selection

Sovereign Debt Without Default Penalties,
Oren Sussman and Alexander Guembel, from Oxford Financial Research Centre (2005)

Commitment to Overinvest and Price Informativeness,
James Dow, Itay Goldstein and Alexander Guembel, from Oxford Financial Research Centre (2005)

TOWARDS A NEW SET OF LEADING INDICATORS OF CURRENCY CRISIS FOR DEVELOPING COUNTRIES: AN APPLICATION TO ARGENTINA,
Federico Marongiu, from University Library of Munich, Germany (2005)
Keywords: currency crisis - exchange rate - leading indicators - Argentina

A Dynamic Model of Central Bank Intervention,
Ana María Herrera and Pınar Özbay Özlü, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2005)
Keywords: Exchange rate, intervention, central bank, dynamic Tobit, CLAD

The Russian Currency Basket: The Rising Role of the Euro for Russia’s Exchange Rate Policies,
Gunther Schnabl, from University Library of Munich, Germany (2005)
Keywords: Words: Russia, Currency Basket, International Role of the Euro.

Can Standard Preferences Explain the Prices of out of the Money S&P 500 Put Options,
Luca Benzoni, Pierre Collin-Dufresne and Robert S. Goldstein, from National Bureau of Economic Research, Inc (2005)

Confronting Divergent Interests in Cross-Country Regulatory Arrangements,
Edward Kane, from National Bureau of Economic Research, Inc (2005)

Investor Sentiment and Corporate Finance: Micro and Macro,
Owen Lamont and Jeremy Stein, from National Bureau of Economic Research, Inc (2005)

Is Financial Globalization Beneficial?,
Frederic Mishkin, from National Bureau of Economic Research, Inc (2005)

What's Psychology Worth? A Field Experiment in the Consumer Credit Market,
Marianne Bertrand, Dean Karlin, Sendhil Mullainathan, Eldar Shafir and Jonathan Zinman, from National Bureau of Economic Research, Inc (2005)

Internationalization and Stock Market Liquidity,
Ross Levine and Sergio Schmukler, from National Bureau of Economic Research, Inc (2005)

CAPM Over the Long Run: 1926-2001,
Andrew Ang and Joseph Chen, from National Bureau of Economic Research, Inc (2005)

International Stock Return Comovements,
Geert Bekaert, Robert Hodrick and Xiaoyan Zhang, from National Bureau of Economic Research, Inc (2005)

Estimating a Risky Term Structure of Uruguayan Sovereign Bonds,
Serafin Frache and Gabriel Katz, from Department of Economics - dECON (2004)
Keywords: default risk; term structure; reduced-form model; default spread

Uruguay Capital Market: Law-in-the-books or Law-in-action?,
Eduardo Siandra, from Department of Economics - dECON (2005)
Keywords: bankruptcy, capital markets, finance, common law tradition, civil law tradition, disclosure, law, legal, reform, trust

Global Factors and Emerging Market Spreads,
Eduardo Levy Yeyati and Martin Gonzalez-Rozada, from Universidad Torcuato Di Tella (2005)

Sri Lanka's migrant labor remittances: enhancing the quality and outreach of the rural remittance infrastructure,
Esperanza Lasagabaster, Samuel Munzele Maimbo and Sriyani Hulugalle, from The World Bank (2005)
Keywords: Banks&Banking Reform,Technology Industry,Gender and Development,Financial Intermediation,Economic Theory&Research

A more complete conceptual framework for financing of small and medium enterprises,
Allen Berger and Gregory Udell, from The World Bank (2005)
Keywords: Banks&Banking Reform,Financial Intermediation,Investment and Investment Climate,Economic Theory&Research,Financial Crisis Management&Restructuring

Does foreign portfolio investment reach small listed firms ?,
April Knill, from The World Bank (2008)
Keywords: Debt Markets,Access to Finance,Economic Theory&Research,Emerging Markets,Investment and Investment Climate

Taking the bad with the good: volatility of foreign portfolio investment and financial constraints of small firms,
April Knill, from The World Bank (2005)
Keywords: Investment and Investment Climate,Economic Theory&Research,Capital Flows,Financial Intermediation,Markets and Market Access

Neither a borrower nor a lender: does China's zero net foreign asset position make economic sense?,
David Dollar and Aart Kraay, from The World Bank (2005)
Keywords: Economic Theory&Research,Investment and Investment Climate,Capital Flows,Economic Growth,Banking Law

Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey,
Mehtap Kesriyeli, Erdal Ozmen and Serkan Yigit, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2005)
Keywords: Balance sheet effects, Capital structure, Corporate sector, Debt composition, Liability dollarisation, Turkey

International remittances: information for New England financial institutions,
Mamie Marcuss, from Federal Reserve Bank of Boston (2005)
Keywords: Emigrant remittances; Banks and banking - New England

Alternative measures of the Federal Reserve banks' cost of equity capital,
Michelle Barnes and Jose Lopez, from Federal Reserve Bank of Boston (2005)
Keywords: capital asset pricing model; Payment systems

Industry Specific Effects in Investment Performance and Valuation of Firms - Marginal q in a Stock Market Bubble,
Per-Olof Bjuggren and Daniel Wiberg, from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies (2005)
Keywords: Marginal q; Investment; Stock bubbles; Different industries

Competition and credit and debit card interchange fees: a cross-country analysis,
Fumiko Hayashi and Stuart E. Weiner, from Federal Reserve Bank of Kansas City (2005)
Keywords: Credit cards; Debit cards; Competition

Swedish intervention and the Krona float, 1993–2002,
Owen Humpage and Javiera Ragnartz, from Federal Reserve Bank of Cleveland (2005)
Keywords: Foreign exchange administration; Krona, Swedish

Debt and corporate governance in emerging economies: Evidence from India,
Jayati Sarkar and Subrata Sarkar, from Indira Gandhi Institute of Development Research, Mumbai, India (2005)
Keywords: Debt, ownership structure, corporate governance, institutional change

South Korea's Experience with International Capital Flows,
Marcus Noland, from Peterson Institute for International Economics (2005)
Keywords: Korea, capital controls, financial crises, financial liberalization

Hedging Strategies and the Financing of the 1992 International Oil Pollution Compensation Fund,
André Schmitt and Sandrine Spaeter, from Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg (2005)
Keywords: Oil spill, IOPC Fund, risk management, insurance, financial hedging.

Country portfolios,
Aart Kraay, Norman Loayza, Luis Servén and Jaume Ventura, from Department of Economics and Business, Universitat Pompeu Fabra (2000)
Keywords: Internationall capital flows, country portfolios, sovereign risk

Endogenous credit cycles,
Alberto Martin, from Department of Economics and Business, Universitat Pompeu Fabra (2008)
Keywords: Endogenous cycles, financial accelerator, adverse selection, pooling equilibrium, separating equilibrium

What determines financial development?,
Yongfu Huang, from School of Economics, University of Bristol, UK (2005)
Keywords: Financial development, Model uncertainty, Bayesian Model Averaging, PcGets

Regulation, formal and informal enforcement and the development of the household loan market. Lessons from Italy,
Luca Casolaro, Leonardo Gambacorta and Luigi Guiso, from Bank of Italy, Economic Research and International Relations Area (2005)
Keywords: consumer loans, financial liberalization, financial contracts enforcement

Banks� participation in the Eurosystem auctions and money market integration,
Giuseppe Bruno, Ernesto Maurizio Ordine and Antonio Scalia, from Bank of Italy, Economic Research and International Relations Area (2005)
Keywords: Bidding Behaviour, auctions, open market operations, money market, liquidity management Abstract: We perform a panel analysis of bidding in the Eurosystem auctions, using individual data that include the bidder code, size, nationality and membership in a banking group. We find that an increase in interest rate volatility lowers the probability of bidding, but induces bidders to shade rates less. Large bidders participate more regularly, while group bidders demand larger amounts, showing an aptitude to act as liquidity brokers. Our findings support the transnational bank hypothesis (Freixas- Holthausen, 2005): banks with a multinational profile use their informational advantage to arbitrage out the differences in interest rates across countries, thus fostering money market integration.

Are there asymmetries in the response of bank interest rates monetary shocks?,
Leonardo Gambacorta and Simonetta Iannotti, from Bank of Italy, Economic Research and International Relations Area (2005)
Keywords: monetary policy transmission, interest rates, asymmetries, liberalization

Disclosure of environmental violations and the stock market in the Republic of Korea,
Susmita Dasgupta, Jong Ho Hong, Benoit Laplante and Nlandu Mamingi, from The World Bank (2004)
Keywords: Pollution Management&Control,Health Economics&Finance,Environmental Economics&Policies,Water and Industry,Decentralization,Environmental Economics&Policies,Energy and Environment,Health Economics&Finance,Access to Markets,Markets and Market Access

Access to External Finance: Theory and Evidence on the Impact of Firm-Specific Characteristics,
Spiros Bougheas, Paul Mizen and Cihan Yalcin, from Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2004)

Why do firms go public? evidence from the banking industry,
Richard Rosen, Scott B. Smart and Chad J. Zutter, from Federal Reserve Bank of Chicago (2005)
Keywords: Financial institutions

Distribution Risk and Equity Returns,
Jean-Pierre Danthine, John B. Donaldson and Paolo Siconolfi, from Université de Lausanne, Faculté des HEC, Département d’économie (2005)
Keywords: income shares; distribution risk; equity premium; limited market participation

Cash breeds Success: The Role of Financing Constraints in Patent Races,
Enrique Schroth and Dezsoe Szalay, from Université de Lausanne, Faculté des HEC, Département d’économie (2005)
Keywords: patent race; incumbent; entrant; financial constraints; empirical estimation

Market timing with aggregate and idiosyncratic stock volatilities,
Hui Guo and Jason Higbee, from Federal Reserve Bank of St. Louis (2006)
Keywords: Stock exchanges

Small caps in international equity portfolios: the effects of variance risk,
Massimo Guidolin and Giovanna Nicodano, from Federal Reserve Bank of St. Louis (2007)
Keywords: Investments, Foreign

A model of banknote discounts,
Laurence Ales, Francesca Carapella, Pricila Maziero and Warren Weber, from Federal Reserve Bank of Minneapolis (2006)
Keywords: Banks and banking; Bank notes

Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk,
Refet Gürkaynak and Justin Wolfers, from Institute of Labor Economics (IZA) (2005)
Keywords: prediction markets, disagreement, uncertainty, macroeconomic forecasting, economic derivatives, density forecasting

Money market integration,
Leonardo Bartolini, R. Spence Hilton and Alessandro Prati, from Federal Reserve Bank of New York (2005)
Keywords: Euro-dollar market; Liquidity (Economics); Federal funds market (United States)

Establishing credibility: evolving perceptions of the European Central Bank,
Linda Goldberg and Michael Klein, from Federal Reserve Bank of New York (2005)
Keywords: Banks and banking, Central; Inflation (Finance); European Central Bank; Monetary policy

Financial integration and the wealth effect of exchange rate fluctuations,
Cédric Tille, from Federal Reserve Bank of New York (2005)
Keywords: International finance; Foreign exchange; Macroeconomics

The return to retail and the performance of U.S. banks,
Beverly Hirtle and Kevin Stiroh, from Federal Reserve Bank of New York (2005)
Keywords: Banks and banking; Retail trade; Bank profits

Assessing the impact of electronic benefits transfer on America's communities and the U.S. payment system,
Anonymous, from Federal Reserve Bank of Philadelphia (2005)
Keywords: Payment systems; Debit cards; Food stamps

Alternative central bank credit policies for liquidity provision in a model of payments,
David Mills, from Board of Governors of the Federal Reserve System (U.S.) (2005)
Keywords: Payment systems; Bank liquidity; Banks and banking, Central

Explaining credit default swap spreads with the equity volatility and jump risks of individual firms,
Benjamin Y. Zhang, Hao Zhou and Haibin Zhu, from Board of Governors of the Federal Reserve System (U.S.) (2005)
Keywords: Swaps (Finance); Risk management; Econometric models

Measuring counterparty credit exposure to a margined counterparty,
Michael S. Gibson, from Board of Governors of the Federal Reserve System (U.S.) (2005)
Keywords: Risk management; Derivative securities; Over-the-counter markets

Can financial innovation help to explain the reduced volatility of economic activity?,
Karen E. Dynan, Douglas Elmendorf and Daniel Sichel, from Board of Governors of the Federal Reserve System (U.S.) (2005)
Keywords: Economic stabilization; Financial engineering; Financial modernization

A no-arbitrage analysis of economic determinants of the credit spread term structure,
Liuren Wu and Frank X. Zhang, from Board of Governors of the Federal Reserve System (U.S.) (2005)
Keywords: Interest rates; Financial leverage; Econometric models

Technological Revolutions and Stock Prices,
Lubos Pastor and Pietro Veronesi, from National Bureau of Economic Research, Inc (2005)

The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997,
Michael Bordo and Christopher Meissner, from National Bureau of Economic Research, Inc (2005)