The Economics of Financial Stress
Abstract We study the psychological costs of financial constraints and their economic consequences. Using a representative survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship between financial stress and measures of financial constraints.
DMYTRO SERGEYEV +2 more
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The Arbitrage Principle in Financial Economics [PDF]
The importance of arbitrage conditions in financial economics has been recognized since Modigliani and Miller's classic work on the financial structure of the firm. They showed that if a firm could change its market value by purely financial operations such as adjusting its debtequity ratio, then individual shareholders and bondholders could engage in
Hal R. Varian
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A Continuing Approach, from Financial Economics to Financial Econometrics or the Econometric Thinking Applied to Financial Economics [PDF]
The main aim of this paper is to attempt a theoretical delineation of a new econoscience now known as financial econometrics, which is as a result of a dual approach, one originally from economics to econometrics, followed by another one, articulate ...
Gheorghe Săvoiu, Constantin Manea
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Investigating the Impact of Macroeconomic Factors on the Iranian Stock Price Index by Using Averaging Methods [PDF]
The present research aimed to investigate the relationship between Iran’s stock price index and nine macroeconomic variables during 1996–2019. Three methods were employed to reduce uncertainty, namely three Bayesian averaging methods (BMA, BMS, BAS ...
Saman Hatamerad +3 more
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Interaction of banks and development institutions in the system of innovation priorities [PDF]
The age of new technologies forms a new paradigm for the functioning of the economic system. New living conditions require serious and consistent changes in all areas.
Altukhova Elena +2 more
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Slamicization of the common financial system [PDF]
The financial system consists of a three-layered reality, respectively, principles, institutions and knowledge. The half-hidden of which are principles, and institutions.
ahmad reza safa, ali masuminia
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The Tehran Stock Exchange Reaction to Covid-19 Outbreak Announcement
While prior research on the Covid-19 effects on stock markets focused on developed countries, this study aims to examine the impact of Covid-19 on Iran’s emerging and developing market.
F. Alibeigof, M. H. Safarzadeh
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Foreign Housing Markets: Questions of Price Policy [PDF]
The housing market is one of the most important segments of the economy of any country. As part of the study, it is shown that it is not enough to consider the housing market financing system only in the organizational and structural aspect.
Ermilova Mariia +3 more
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Fiscal potential of the investment mechanism of Islamic Finance [PDF]
-the Research focuses on the application of Islamic Finance abroad, as well as in Russia. The authors present the history of Islamic Finance, its restrictive principles, and analyze in detail the majority of Islamic investment contract models.
Aladdin Aliev Ayaz +3 more
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Financial Stability in Islamic and Conventional Financial Markets from a Bubble Perspective; A Theoretical and Experimental Analysis of Indonesia [PDF]
One of the causes of financial crisis is the formation of price bubbles. In the economic literature, the deviation of stock prices from their long-term equilibrium has been introduced as a bubble that causes instability in financial markets and may, in ...
Mohsen Keshavarz +2 more
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