Now showing items 41-49 of 49

    • The East African Monetary Union: is the level of business cycle synchronization sufficient? 

      Miles, William (Redfame Publishing, 2015)
      The East African Community (Burundi, Kenya, Rwanda, Tanzania and Uganda) has a goal of a currency union, as part of a movement toward eventual political union. A key factor in making a currency union desirable is a high ...
    • The end of the Asian myth: why were the experts fooled? 

      Baer, Werner; Miles, William; Moran, Allen B. (Elsevier, 1999-10)
      This article examines the reasons behind the overoptimism of a large segment of the economics profession concerning the performance of East Asian economies, which was shattered by the financial crises of 1997-1998. It also ...
    • The Housing bubble: how much blame does the Fed really deserve? 

      Miles, William (American Real Estate Society, 2014)
      Two recent empirical papers have blamed the Fed for the latest boom and bust in housing. Neither study includes long-term interest rates, which are more affected by global factors than the federal funds rate (FFR). In this ...
    • The impact of the U.S. on Latin American business cycles: a new approach 

      Miles, William (Elsevier, 2017)
      Business cycles in Latin America have tended to be more volatile than those in wealthier nations such as the US. Accordingly, much research has been conducted on Latin business cycles, as well as the impact of the US on ...
    • The pricing of risk in emerging credit markets: bonds versus loans 

      Miles, William (Kluwer Academic Publishers, 2000-05)
      Much of the volatility in emerging markets in the 1990s stems from the fact that the major form of foreign investment is the bond rather than the bank loans which predominated until the debt crisis of the 1980s. Bondholders ...
    • The Role of non-bank financial intermediaries in propagating Korea's financial crisis 

      Miles, William (World Scientific Publishing, 2003-03)
      The Korean crisis has been analyzed for the causal role banks played through the "credit view". Non-bank lenders have grown more important than banks in providing loans, but their role in creating financial instability has ...
    • Trading externalities and new equity issues in emerging markets 

      Miles, William (Elsevier, 2005-02)
      The volatility in emerging market finance over the last decade has highlighted the importance of developing equity exchanges to enhance risk sharing between international investors. Debt markets do not allow for as much ...
    • Volatility clustering in US home prices 

      Miles, William (American Real Estate Society, 2008)
      Generalized autoregressive conditional heteroscedasticity (GARCH) effects imply the probability of large losses is greater than standard mean-variance analysis suggests. Accurately capturing GARCH for housing markets is ...
    • Volatility transmission in U.K. housing: a multivariate GARCH approach 

      Miles, William (American Real Estate Society, 2010)
      Despite its importance for gauging the probability of large losses and portfolio management, there has not been an investigation of how GARCH conditional volatility is transmitted between regions in the United Kingdom. ...