Browsing Economics by Title
Now showing items 85-99 of 99
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Tests of the uncovered interest parity
(Wichita State University, 2014-05)This paper carries out empirical testing of the Uncovered Interest Parity for US-Mexico, US-Brazil and US-Japan using general OLS and GARCH from monthly data. Similar to numerous other studies UIP failed to hold empirically. ... -
The Barings crisis in Argentina: the role of exogenous European money market factors
(Taylor & Francis, 2002-01)The Barings crisis of 1890 was a wrenching financial crash and recession for Argentina. The episode is similar in many respects to the balance of payments difficulties in emerging markets during the 1990s. In particular, ... -
The East African Monetary Union: is the level of business cycle synchronization sufficient?
(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?
(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?
(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
(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 influence of monetary policy shock on large-cap and small-cap indexes and index funds: an incorporation of the Taylor rule
(Wichita State University, 2017-04-28)Empirical theory suggests that interest rates often have a negative correlation with investments, and in some cases the price variability of securities. This study incorporates an adjusted Taylor rule interest rate as the ... -
The Northern Ireland housing market: would unification with the south be problematic?
(AccessEcon LLC, 2022-02-20)Recent political events such as Brexit, as well as changing demographics have made the unification of Northern Ireland and the Republic likelier than recently thought possible. Unification would require addressing many ... -
The pricing of risk in emerging credit markets: bonds versus loans
(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
(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
(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 ... -
Valuation of minority stockholder's interest in a closely-held private corporation
(The Journal of Forensic Economics and Allen Press Publishing Services, 1995) -
Volatility clustering in US home prices
(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
(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. ... -
Voter demand for fluoridated water: a tale of two c(av)ities
(Routledge Journals, Taylor & Francis LTD, 2013-09-25)Government fluoridation of public water systems to promote dental health has long been advocated by many health associations, based on the findings of mainstream scientific studies. Despite this, fluoridation remains a ...