Economics: Recent submissions
Now showing items 21-40 of 98
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Regional convergence and structural change in US housing markets
(Routledge, 2019-10-24)If house prices are convergent at the national level, monetary policy is easier to implement, and labour has an easier time achieving mobility across regions. Accordingly there have been several studies on home price ... -
Home prices and fundamentals: solving the mystery for the G-7 by accounting for nonlinearities
(Emerald Publishing Limited, 2019-07-08)Purpose: The purpose of this study is to determine whether house prices and income share a stable, stationary relationship in the G-7 countries. This stable relationship has been clearly implied by theory but has been ... -
Country funds, exchange traded funds and exchange rate risk
(Wichita State University, 2019-04-26)This paper studies and compares the potential effect of changes in currency values between the US dollar, and other countries' currencies, or exchange rate risk, on country funds and single country exchange-traded funds. ... -
Has the euro sustainably increased home price co-movement?
(John Wiley and Sons, 2019-02-22)A low level of co‐movement between different euro country housing markets creates difficulties for the ECB in setting monetary policy. Such co‐movement across eurozone countries has been the subject of a number of studies, ... -
Direct medical costs and their predictors in patients with rheumatoid arthritis: A three-year study of 7,527 patients
(American College of Rheumatology, 2003-10-07)OBJECTIVE. To estimate total direct medical costs in persons with rheumatoid arthritis (RA) and to characterize predictors of these costs. METHODS. Patients (n = 7,527) participating in a longitudinal study of outcome in ... -
The consequences (and nonconsequences) of ownership change: the case of major league baseball
(SAGE Publications, 2019-01)Although ultimate responsibility for a professional sports team lies with the owner, little is known about the repercussions of having a new owner at the helm. This article investigates ownership change in Major League ... -
Is full efficiency achievable? An empirical study of the banking industry in Taiwan
(Blackwell Publishing Inc., 2018-11-10)This paper aims to propose a feasible framework for estimating the efficiency of input factors for banks and the adjustment of these factors necessary to achieve full efficiency in the short and long term. Based on a sample ... -
Did the euro common currency increase or decrease business cycle synchronization for its member countries?
(John Wiley and Sons, 2018-07)We use two variants of Markov switching models to assess changes in output synchronization since the creation of the euro. Out of eight eurozone countries investigated, only onethe Netherlandshas synchronization increased ... -
Has there actually been a sustained increase in the synchronization of house price (and business) cycles across countries?
(Elsevier B.V., 2017-06)Housing has been demonstrated to affect the macroeconomy, particularly business cycle fluctuations. Given the more globalized nature of financial and economic activity in comparison to past decades, there has been much ... -
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 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, ... -
Bubbles, busts, breaks, and segmentation
(American Real Estate Society, 2013)Given the recent turmoil in the housing market in the United States, several papers have examined whether price dynamics in municipalities displayed a structural change, which would suggest bubble and bust behavior. Some ... -
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 ... -
Clustering in U.K. home price volatility
(American Real Estate Society, 2011)In the wake of the 2007-2009 global financial crisis, there has been heightened interest in correctly gauging the probability of large losses on assets, particularly house prices. If an asset exhibits GARCH effects in its ... -
Contagion versus interdependence across regional U.S. housing markets and implications for RMBS geographic diversification strategy
(American Real Estate Society, 2015)Home prices in the United States often exhibit little (and sometimes even negative) correlation across different regions. This reflects segmentation in the national housing market and also provides an apparent opportunity ... -
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 ... -
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 ... -
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. ... -
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 ... -
Can money market mutual funds provide sufficient liquidity to replace deposit insurance?
(Springer, 2001-09)Narrow banking is an arrangement in which deposittaking and lending functions are separated and performed by different institutions. This separation is aimed at avoiding panics at uninsured banks, without moral hazard ...