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Full-Text Articles in Finance and Financial Management
Speculation And Price Indeterminacy In Financial Markets, Shyam Sunder
Speculation And Price Indeterminacy In Financial Markets, Shyam Sunder
Shyam Sunder
No abstract provided.
Investment Horizons And Inedeterminancy In Financial Markets, Shyam Sunder
Investment Horizons And Inedeterminancy In Financial Markets, Shyam Sunder
Shyam Sunder
No abstract provided.
Investment Horizons And Indeterminancy In Financial Markets, Shyam Sunder
Investment Horizons And Indeterminancy In Financial Markets, Shyam Sunder
Shyam Sunder
No abstract provided.
Neoliberalism And The Global Financial Crisis, Sharon Beder
Neoliberalism And The Global Financial Crisis, Sharon Beder
Sharon Beder
The new right advocated policies that aided the accumulation of profits and wealth in fewer hands with the argument that it would promote investment, thereby creating more jobs and more prosperity for all. However financial markets provide opportunities for investment without creating jobs and, as the global financial crisis has revealed, speculative investment feeds an ephemeral prosperity that can be wiped out in a short time period. Inequities resulting from new right policies – including the deregulation of labour markets and the reduction of government spending – reduced consumer demand which had to be propped up with consumer credit and …
Financial Constraints, The Distribution Of Wealth And International Trade, Emmanuel Amissah, Spiros Bougheas, Rodney Falvey
Financial Constraints, The Distribution Of Wealth And International Trade, Emmanuel Amissah, Spiros Bougheas, Rodney Falvey
Rodney Falvey
Extract:
As the Heckscher-Ohlin-Mundell paradigm predicts, in a world where capital markets are perfect and production exhibits constant-returns to scale, while aggregate wealth endowments can be an important source of comparative advantage, their internal distribution does not matter for the patterns of international trade. This is because in the absence of financial frictions the only factor that determines the availability of external finance is a project's net present value. In real life financial markets are far from perfect. Informational asymmetries between lenders and borrowers, corporate governance quality shortcomings and non-negligible intermediation costs are only a sample of the types of …
Spread Decomposition With Common Spread Components, Thomas Henker
Spread Decomposition With Common Spread Components, Thomas Henker
Thomas Henker
Purpose – This paper aims to incorporate a market wide buying and selling pressure cost component into a spread decomposition model as spread cost component.
Design/methodology/approach – The paper extends a commonly used trade indicator spread decomposition model to include a component common to all stocks of a specialist firm and a market wide component common to all stocks.
Findings – Strong evidence is found that specialists consider this common factor cost component when they set bid and ask quotes. Some specialist firms also take the next logical step and specifically manage their firm wide stock inventories. The common factor …