Results 1 to 10 of about 25,122 (268)
Globalization Effects on Contagion Risks in Financial Markets [PDF]
Research background: Financial globalization has opened international capital markets to investors and companies worldwide. However, the global financial crisis has created big volatility in the stock prices that induces a restriction in the reflection ...
Paskaleva Mariya, Stoykova Ani
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The Euro and International Capital Markets [PDF]
Long before the introduction of the euro there was an active debate among researchers, policy‐makers and financial market participants over how the new European money would change the relative roles of currencies in the international monetary and financial system.
Detken, Carsten, Hartmann, Philipp
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The characteristic of a supervolatile “disaster economy” is given, in which the number of shocks caused by natural and man-made disasters is growing. The factors of creating such an economy at the global level are disclosed.
Ya. M. Mirkin
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A q$q$ Theory of Internal Capital Markets [PDF]
ABSTRACTWe propose a tractable model of dynamic investment, spinoffs, financing, and risk management for a multidivision firm facing costly external finance. Our analysis formalizes the following insights: (i) Within‐firm resource allocation is based not only on divisions' productivity, as in winner‐picking models, but also their risk; (ii) firms may ...
Dai, M, Giroud, X, Jiang, W, Wang, N
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TRANSFORMATION OF GLOBAL CAPITAL MARKETS UNDER THE INFLUENCE OF MILITARY AGGRESSION AGAINST UKRAINE
The Russian Federation, which started the war against Ukraine, since February 24, 2022, has destabilized the supply of many goods and resources, and has also significantly affected financial and investment activities in the world.
Yevhenii Redziuk
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Purchasing power parity in GIIPS countries: evidence from unit root tests with breaks and non-linearity [PDF]
Purpose – This paper aims to test purchasing power parity (PPP) hypothesis for Greece, Italy, Ireland, Portugal and Spain, which are known as the GIIPS countries.
Saban Nazlioglu +3 more
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Credibility and Crisis Stress Testing
Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 in the form of the Supervisory Capital Assessment Program.
Li Lian Ong, Ceyla Pazarbasioglu
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Wavelike Character of Pension Reforms. First-wave 1994–2008
The article puts forward the hypothesis about the wave nature of pension systems reforms since the early 1990 under the effect of demographic and economic factors.
T. V. Zhukova
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Ways to Develop Financial Resources in the Innovative Development of the Economy [PDF]
This article examines strategies for amassing financial resources to spur innovative economic development, a pressing global issue, particularly in light of the recent pandemic.
Baratova Dinora +4 more
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Internal versus External Capital Markets [PDF]
Summary: This paper presents a framework for analyzing the costs and benefits of internal versus external capital allocation. We focus primarily on comparing an internal capital market with bank lending. While both represent centralized forms of financing, in the former case the financing is owner-provided, while in the latter case it is not.
Robert H. Gertner +2 more
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