Results 11 to 20 of about 2,482 (132)
Feldstein-Horioka Puzzle in Turkey [PDF]
Doğuş Üniversitesi Dergisi, 2014 In this study, Feldstein-Horioka hypothesis on saving-investment relationship was tested for the period 1968-2008 in Turkey using Hansen-Seo, Gregory-Hansen and Hatemi-J models. First of all, when Feldstein-Horioka hypothesis was researched by Hansen-Seo method, the variables did not exhibit a nonlinear structure. Then, with Gregory-Hansen and Hatemi-J
Dursun, Gülten, Abasız, Tezcan
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Optimum financial areas: Retooling the governance of global finance
The World Economy, Volume 46, Issue 6, Page 1582-1608, June 2023., 2023 Abstract This article analyses the political economy of financial stability under conditions of deep cross‐border market integration, adapting the ‘joint products’ approach of Broz among others. Many argue that financial stability is a public good; we propose that it is inherently excludable and that particular conditions must obtain to ensure it is ...
Geoffrey R. D. Underhill, Erik Jones
wiley +1 more source
Has the current account broken up with its fundamentals in Central and Eastern Europe?
International Journal of Finance &Economics, Volume 28, Issue 1, Page 962-980, January 2023., 2023 Abstract Substantial capital outflows across Europe following the 2007/8 Global Financial Crisis and 2010 European Sovereign Debt crisis raise concerns regarding potential capital outflows from the economies of Central and Eastern European countries. To shed light on country‐level factors that can mitigate crisis and potential capital outflows across ...
Simeon Coleman, Juan Carlos Cuestas
wiley +1 more source
European Integration and the Feldstein-Horioka Puzzle [PDF]
SSRN Electronic Journal, 2015 AbstractWe apply the differences‐in‐differences method to study the effect of the European single market in 1993 and the euro in 1999 on the Feldstein–Horioka equation where countries outside the single market serve as a control group and those within as a treatment group.
Margarita Katsimi, Gylfi Zoega
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The Solution to the Feldstein-Horioka Puzzle [PDF]
SSRN Electronic Journal, 2017 The purpose of this paper is to set out a surprisingly simple solution to the Feldstein-Horioka Puzzle or Paradox, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated across countries because financial markets cannot, by themselves, achieve net transfers of financial capital.
Horioka, Charles, Ford, Nicholas
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Transition of the Feldstein-Horioka Puzzle
Journal of Mathematical Finance, 2021 Common factor panel methodologies are applied to investment and savings rates in the context of the Feldstein-Horioka puzzle to derive idiosyncratic components of the two variables for OECD countries, Japan, and Indonesia. The idiosyncratic components of the two variables in the national and regional data are analyzed using panel methodologies of unit ...
Isamu Ginama +2 more
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The ‘real’ explanation of the Feldstein–Horioka puzzle [PDF]
Applied Economics Letters, 2016 This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between countries. Frictions (barriers to mobility) in one or both of
Ford, Nicholas, Horioka, Charles Yuji
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An empirical investigation on the determinants of the saving-investment interaction [PDF]
Panoeconomicus, 2011 This study aims to shed light on the Feldstein-Horioka (F-H) puzzle, making use of the potential explanations put forward in the related literature.
Gur Han Timur +2 more
doaj +1 more source
International and regional capital mobility in Latin American countries
Technological and Economic Development of Economy, 2022 This study examines the role of global, regional and domestic saving for domestic investment financing in the panel of Latin American and Caribbean countries along with its three regional integration blocks, namely SICA, Andean Community and MERCOSUR ...
Valeryia Yersh
doaj +1 more source
The Feldstein-Horioka puzzle: evidence from emerging countries
Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 2020 This paper examines the saving-investment nexus and the level of capital mobility for the BRICS and Fragile Five countries within the scope of the Feldstein-Horioka (1980) puzzle that asserts a substantial correlation between domestic investment and domestic savings in spite of the increasing capital mobility in the world. It is used the Autoregressive
Yıldırım, Mustafa Ozan +1 more
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