booms and busts financial crises in emerging markets and the pro cyclicality ofratings

radonjic & kokotovic - keynes, minksky and financial crises in emerging markets (2014)

radonjic & kokotovic - keynes, minksky and financial crises in emerging markets (2014)

Ngày tải lên : 04/11/2014, 05:43
... ownership and management in big corporations and financial institutions, the ever-growing and massive debt financing of uncertain investment projects over the business cycle, continual financial innovation ... to them (Reinert 2006) 24 | Keynes, Minsky and Financial Crises in Emerging Markets Vanguards to the Efficient Markets Hypothesis There are several important financial market models, the theoretical ... Keynes, Minsky and Financial Crises in Emerging Markets Exogenously Generated Speculative Bubbles and Financial Crises Between the lines, the theory of efficient markets is based on the assumption...
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ownership structure and earnings management in emerging markets

ownership structure and earnings management in emerging markets

Ngày tải lên : 13/07/2014, 21:13
... in the amount and precision of private information in the hands of institutional and individual investors The higher level of understanding of institutional investors also implies that with the ... topics in accounting and finance The importance behind examining the determinants of earnings management is to minimize potential wrongdoing, conflict, and a sense of mystery in accounting information ... higher the level of institutional investors the lower the earnings management On the other hand, passive hand hypothesis supports the positive relationship between earnings management and institutional...
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ffrench-davis (ed.) - financial crises in successful emerging economies (2001)

ffrench-davis (ed.) - financial crises in successful emerging economies (2001)

Ngày tải lên : 01/11/2014, 18:12
... during recovery Overshooting in Emerging Asia and Latin America The increased availability of financing in the 1990s removed the binding external constraint that had been responsible for the ... the increasing supply of resources from the international financial institutions and financial specialists, and to praise them for doing so The cost of external financing typically falls during ... in Chile in the 1970s and in Mexico in the 1990s.18 Why the Market Fails to Avoid Overshooting On the whole, the authorities took a procyclical approach in both Latin America and Asia, allowing...
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love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

Ngày tải lên : 02/01/2015, 17:33
... countries, and it’s marginally more concentrated in Ukraine – the average number of shareholders is 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine The ... public to private in the last two decades A few of the remaining state owned banks have recently been active in transforming their ownership structure and tapping the private financial markets with ... supplemented the governance data with financial data collected from Russia and Ukraine reporting agencies Russia and Ukraine present interesting case studies of banking sector and the issue of...
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love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

Ngày tải lên : 06/01/2015, 19:47
... countries, and it’s marginally more concentrated in Ukraine – the average number of shareholders is 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine The ... public to private in the last two decades A few of the remaining state owned banks have recently been active in transforming their ownership structure and tapping the private financial markets with ... supplemented the governance data with financial data collected from Russia and Ukraine reporting agencies Russia and Ukraine present interesting case studies of banking sector and the issue of...
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Liquidity and commonality in emerging markets

Liquidity and commonality in emerging markets

Ngày tải lên : 14/09/2015, 12:13
... document the increasing linkage of these markets with global markets in return and volatility Investigation of linkage in liquidity among emerging markets and between emerging and developed markets, ... in emerging markets On the other hand, international fund flows may flock to emerging markets when these markets are doing well and pull out in mass when the markets drop Then the international ... Yeung and Yu (2000) attribute their empirical finding that R2 from market model is higher in emerging markets than in developed markets to the poor property rights protection in emerging markets...
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Ecotourism and Medical Tourism in Emerging Markets

Ecotourism and Medical Tourism in Emerging Markets

Ngày tải lên : 23/06/2016, 21:31
... be problematic if not managed properly • Ecotourism uproots native people from their normal habits of farming, hunting, mining, and forestry • Income does not trickle-down to locals • 50% of the ... Attain peace and prosperity – Freedom to travel, low passport control – EC (WWII), USSR, China (1978), Cuba, S Africa (2004) • Promotes understanding and trust – When travel  get info about personality, ... 28m international tourist in 2014 London attracted 18m tourists (2 largest attraction in the world) Tourist arrival in Cuba, 2010 Darbandsar, Iran… Darbandsar, Iran Why Study Tourism? • Attain...
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ĐỊNH GIÁ ở các THỊ TRƯỜNG mới nổi VALUATION IN EMERGING MARKETS

ĐỊNH GIÁ ở các THỊ TRƯỜNG mới nổi VALUATION IN EMERGING MARKETS

Ngày tải lên : 22/12/2013, 16:06
... hợp rủi ro cụ thể EM đinh giá ̣ Đo lườ ng chi phı́ vố n EM Dù ng nhữ ng tham khả o thi ̣trườ ng số giao dich kinh doanh giả i thı́ch và đo lườ ng kế t quả đinh ̣ ̣ giá TỶ GIÁ HỐI ... ty EM • Giả đinh ước lượng cá c kế t quả tà i chı́nh ̣ tương lai theo đồng nội tệ hay ngoại tệ và chi phı́ vố n phả i quán • Giả thiế t về tiề n tê ̣ phả i xá c đinh phù hơ ̣p ... danh nghĩa thực tế: Dự báo tình hình hoạt động theo thực tế Lập báo cáo tài danh nghĩa Lập báo cáo tài theo giá trị thực Dự báo dòng tiền tương lai theo giá trị thực danh nghĩa từ dự phóng báo...
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Sustainability in emerging markets: Lessons from South Africa

Sustainability in emerging markets: Lessons from South Africa

Ngày tải lên : 09/02/2014, 21:09
... both understanding and implementing sustainability strategy Emerging markets are increasingly engaging with the agenda and, in some instances, leading There is a need for developing appropriate ... for determining, assessing and managing social and environmental risk in project financing and adopted by more than 60 international banks including the majority of the world’s leading project ... actions for incorporating ESG issues into mainstream investment decision making and ownership practices The principles came into being in 2006 on the back of a UN initiative and in early 2010 there...
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Housing Finance Policy In Emerging Markets potx

Housing Finance Policy In Emerging Markets potx

Ngày tải lên : 07/03/2014, 15:20
... Housing Finance Policy in Emerging Markets Housing Finance Policy in Emerging Markets Edited by Loùc Chiquier and Michael Lea non-bank financial institutions group global capital markets ... seen during crises both in developed markets (United Kingdom, Japan, Scandinavia) and emerging markets (Mexico, Argentina, Brazil) The recent experience of Australia, the United Kingdom and the United ... accessing finance and managing risks have emerged in both developed and emerging markets Emerging Economies In contrast to the situation in developed countries, the size of the mortgage market in...
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STRATEGIES FOR MARKET ENTRY: Fast Moving Consumer Goods Companies in Emerging Markets ppt

STRATEGIES FOR MARKET ENTRY: Fast Moving Consumer Goods Companies in Emerging Markets ppt

Ngày tải lên : 23/03/2014, 08:21
... entering emerging markets in general The objective of the thesis will be to make a contribution to the understanding of the challenges and problems associated with entering emerging markets, and ... maintaining and running distribution networks, either by themselves or with partners, in order to assure they have the necessary options for bringing their products to markets The products in the ... this thesis is thus to determine whether firms within the FMCG industry follow the theories on market entry in emerging markets That is, can the market entries of FMCG firms in emerging markets...
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Stakeholder Engagement: A Good Practice Handbook for Companies Doing Business in Emerging Markets pptx

Stakeholder Engagement: A Good Practice Handbook for Companies Doing Business in Emerging Markets pptx

Ngày tải lên : 30/03/2014, 01:20
... decisions They invest in hiring and training community liaison staff and see the value of consistently following through on their commitments to stakeholders They invest in translating information ... according to the nature, location, and scale of the project; the phase of its development; and the interests of the stakeholders themselves Small projects with minimal impacts on the surrounding ... of the project consultation is taking place, the basic steps in the process will essentially remain the same and can be repeated as needed over the life of the project Plan ahead Before beginning...
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Shared value in emerging markets (chia se GT tai cac thi truong moi noi)

Shared value in emerging markets (chia se GT tai cac thi truong moi noi)

Ngày tải lên : 08/04/2014, 17:00
... developing innovative products and services that meet social needs Redefining productivity in the value chain: Improving the quality, quantity, cost, and reliability of inputs, production processes, ... Value in Emerging Markets | 23 Identifying Promising Points of Leverage GSK also has an Emerging Markets R&D unit that creates strategies for BRICS countries and other emerging markets The team ... populations and providing education programs to improve individuals’ financial capabilities (ICICI Lombard, Standard Chartered) Financial Services Proactively offering financial services to companies in...
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Shared value in emerging markets

Shared value in emerging markets

Ngày tải lên : 08/04/2014, 18:24
... developing innovative products and services that meet social needs Redefining productivity in the value chain: Improving the quality, quantity, cost, and reliability of inputs, production processes, ... Value in Emerging Markets | 23 Identifying Promising Points of Leverage GSK also has an Emerging Markets R&D unit that creates strategies for BRICS countries and other emerging markets The team ... populations and providing education programs to improve individuals’ financial capabilities (ICICI Lombard, Standard Chartered) Financial Services Proactively offering financial services to companies in...
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Tiểu luận: Exchange rate pass - through in emerging markets

Tiểu luận: Exchange rate pass - through in emerging markets

Ngày tải lên : 13/05/2014, 16:09
... môi trường tiền tệ Mihaljek cộng (2000): “A Note On The Pass-Through From Exchange Rate And Foreign Price Changes To Inflation In Selected Emerging Market Economies” Nguyên cứu dịch chuyển thông ... “Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies”  Kiểm định chuyển giá nhân tố bên vào lạm phát nước số kinh tế công nghiệp hóa  TGHĐ ... bất thường phát sinh theo môi trường kinh tế bất ổn Phương pháp VAR tất ước lượng kinh tế nói chung phản ánh chuyển dịch giá, tỷ giá lãi suất biến động mức Ngược lại nhìn sâu sắc kinh tế đề xuất...
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foreign banks trends in emerging markets

foreign banks trends in emerging markets

Ngày tải lên : 11/06/2014, 14:29
... abroad and helped to accelerate the growth of new markets in emerging economies The demand for banking services from multinational companies and fast-growing emerging markets promises to underpin the ... retail business 2.2.1 The rise of international banking since the 1980s International banking activity, after growing strongly in the past decades, further accelerated in the years before the financial ... both financial markets and institutions in the past decade In the run-up to the recent crisis, this apparent deepening manifested itself in low net interest margins, rising profitability and, in...
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Risk Management in Emerging Markets pptx

Risk Management in Emerging Markets pptx

Ngày tải lên : 28/06/2014, 17:20
... markets of emerging markets These cover a wide range of subjects, including stock markets and their efficiency in emerging markets, forecasting models and their level of accuracy in emerging markets, ... APPLICATIONS IN EMERGING MARKETS RISK MANAGEMENT IN EMERGING MARKETS GOVERNANCE AND RISK IN EMERGING AND GLOBAL MARKETS Also by Sima Motamen-Samadian INTERNATIONAL DEBT AND CENTRAL BANKING IN THE 1980s ... decisions in emerging markets, governance and risk in emerging markets, etc The series will be one of the main sources of reference on emerging markets, both within and outside those markets, ...
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Determinants of Currency crises in Emerging economies in 1996-2005 An Early Warning System Approach

Determinants of Currency crises in Emerging economies in 1996-2005 An Early Warning System Approach

Ngày tải lên : 26/05/2015, 08:42
... more into the project and, therefore, to steal less On the other hand, if the manager owns more of the firm, but the return on investment reduces, then he steals more The stealing of manager shrinks ... rate against the dollar and in international reserves, with the weights being proportional to the inverse of the standard deviation of these series Declines in these weighted averages in excess ... banks/corporations and then currency crisis follows There are holes in financial regulations in the US financial system that promotes such excessive risk lending (no job-no problem housing loans) Thus, the...
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Measuring liquidity in emerging markets

Measuring liquidity in emerging markets

Ngày tải lên : 10/09/2015, 15:54
... to obtain information All these factors result in the on average low trading activity in the emerging markets In other words, trading frequency becomes particularly important in emerging markets ... volatility in most of the emerging markets However, in markets such as Argentina, Malaysia and Thailand, the difference in the two measures between the high and low volatility quintile are insignificant ... outperforms the other low-frequency liquidity proxies It shows the highest correlations with the liquidity benchmarks in the cross section in all the emerging markets and in the time series in the majority...
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