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Articles 177241 - 177270 of 1738833
Full-Text Articles in Entire DC Network
The Long Way Home: No Brother-In-Law Is An Island, Christine Woodside
The Long Way Home: No Brother-In-Law Is An Island, Christine Woodside
Appalachia
No abstract provided.
Appalachia Winter/Spring 2010: Complete Issue
The Banks Profitability And Economic Freedom Quality: Empirical Evidence From Arab Economies, Omar Ghazy Aziz, Julie Knutsen
The Banks Profitability And Economic Freedom Quality: Empirical Evidence From Arab Economies, Omar Ghazy Aziz, Julie Knutsen
Journal of Banking and Financial Economics
This study empirically examines the impact of economic freedom quality and global financial crisis on the banking sector profitability in the Arab region. The analysis is performed by employing system GMM estimation in panel data comprising of 14 Arab countries over the period 1985–2016. The study constructed an economic freedom index based on the economic freedom indicators. The findings indicate that greater economic freedom has positively influenced the profitability of the Arab banking sector. The results also suggest that the more profitable banks are those that have lower operating expenses against asset and income, better capitalized, more diversified and concentrated …
Options Pricing By Monte Carlo Simulation, Binomial Tree And Bms Model: A Comparative Study Of Nifty50 Options Index, Ali Bendob, Naima Bentouir
Options Pricing By Monte Carlo Simulation, Binomial Tree And Bms Model: A Comparative Study Of Nifty50 Options Index, Ali Bendob, Naima Bentouir
Journal of Banking and Financial Economics
Investment behaviour, techniques and choices have evolved in the options markets since the launch of options trading in 1973. Today, we are entering the field of Big Data and the explosion of information, which has become the main feature of science, impacts investors' decisions and their trading position, particularly in the financial markets. Our paper aims to testing the effectiveness of the most popular options pricing models , which are the Monte Carlo simulation method, the Binomial model, and the benchmark model; the Black-Scholes model, when we ignore/take on account the Moneyness categories and different time to maturities; five months, …
Financial Stability Reports In Latin America And The Caribbean, Cheng Hoon Lim, Alexander D. Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti
Financial Stability Reports In Latin America And The Caribbean, Cheng Hoon Lim, Alexander D. Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti
Journal of Banking and Financial Economics
Many countries in Latin America and the Caribbean now publish financial stability reports. They use FSRs as a tool for financial surveillance and communication. This study reviews their latest issues to assess their content, quality, and transparency, and the extent to which the country’s macrofinancial and institutional context affect the quality of the publications. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forward- looking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable …
Frontier And Emerging Markets: A Perspective From Portfolio Flows And Financial Integration, Nordine Abidi, Burcu Hacibedel, Mwanza Nkusu
Frontier And Emerging Markets: A Perspective From Portfolio Flows And Financial Integration, Nordine Abidi, Burcu Hacibedel, Mwanza Nkusu
Journal of Banking and Financial Economics
This paper investigates to what extent low-income developing countries (LIDCs) characterized as frontier markets (FMs) have begun to be subject to capital flows dynamics typically associated with emerging markets (EMs). Using a sample of developing countries covering the period 2000–14, we show that: (i) average annual portfolio flows to FMs as a share of gross domestic product (GDP) outstripped those to EMs by about 0.6 percentage points of GDP; (ii) during years of heightened stress in global financial markets, portfolio flows to FMs dried up like those to EMs; and that (iii) FMs have become more integrated into international financial …
Financial Deepening In Mexico, Alexander Herman, Alexander Klemm
Financial Deepening In Mexico, Alexander Herman, Alexander Klemm
Journal of Banking and Financial Economics
International comparisons reveal that – even controlling for a host of explanatory factors – credit depth is exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap between actual and expected credit of about 40 percent of GDP. Possible explanations include the history of banking crises, the large informal sector and an inefficient legal system. Using a disequilibrium regression approach, this paper also finds that supply factors are particularly important as determinants of credit in Mexico. Recent financial reforms address many of the supply constraints, but their success will depend on …
Local Competition, Innovation, And Firms’ Bank Relationships, Maximilian Zurek
Local Competition, Innovation, And Firms’ Bank Relationships, Maximilian Zurek
Journal of Banking and Financial Economics
With firms searching for secured external funding by engaging in multiple bank relationships on the one hand and banks for profit maximization on the other hand, conflicts of interests may arise when firms’ banks demand access to corporate private information. This information can help banks to gauge the creditworthiness of borrowers, but also exposes the latter to losses of secrecy. Thus, firms which are dependant on informative secrecy – especially innovative firms – might incur difficulties when trying to get access to external funding. As rival firms prevail within firms’ own industries, a special focus is on effects of local …
Pacific Island Countries: In Search Of A Trade Strategy, Hong Chen, Lanieta Rauqeuqe, Shiu Raj Singh, Yiqun Wu, Yongzheng Yang
Pacific Island Countries: In Search Of A Trade Strategy, Hong Chen, Lanieta Rauqeuqe, Shiu Raj Singh, Yiqun Wu, Yongzheng Yang
Journal of Banking and Financial Economics
This paper examines the role of international trade for economic prosperity in Pacific island countries (PICs), discusses their comparative advantage, and explores the potential for trade, and tourism in particular, to serve as a locomotive for inclusive economic growth. We find the trade performance in PICs has been generally weak over the past decade, with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively poor performance. Using the gravity models to analyze the determinants of merchandise trade and tourism in PICs, we find tourism in these countries faces more …
Determinants Of Bank Competitiveness In Digital Era A Case Study Of South Korea, Young Jun Jin, Yanthi Hutagaol-Martowidjojo
Determinants Of Bank Competitiveness In Digital Era A Case Study Of South Korea, Young Jun Jin, Yanthi Hutagaol-Martowidjojo
Journal of Banking and Financial Economics
Technical innovations in Digital Era provide the incentives for banks to redesign their business operations to enhance their competitiveness. Prior studies use financial indicator as factors that affect bank competitiveness, however, with the technology advancement, Information Communication Technology (ICT) become major factors in assessing banks’ competitiveness. The aim of this study is to analyze specific ICT factors, as well as financial factors, affecting bank competitiveness. This study examines all 17 commercial banks in South Korea. The ICT factors are measured by IT center operation and IT scandal released in news or mass media while the bank competitiveness is proxied by …
Banks’ Trust In The Eu Macroprudential Regulation, Matias Huhtilainen
Banks’ Trust In The Eu Macroprudential Regulation, Matias Huhtilainen
Journal of Banking and Financial Economics
Prior studies suggest that regulatory uncertainty is potentially detrimental to the wider economic performance, to the effectiveness of regulatory measures and to the objective of harmonized rules and a level playing field across jurisdictions. This paper discusses on the applicability of banks’ perceived trust as a method to evaluate the quality of the EU macroprudential regulation. Accordingly, the regulatory credibility, as opposed to regulatory uncertainty, is assumed to indicate consistent, predictable and solid regulatory and institutional environment. This paper argues that the perception of trust and the regulatory credibility are interrelated so that one cannot exist without the other. For …
Sharing The Growth Dividend: Analysis Of Inequality In Asia, Sonali Jain-Chandra, Tidiane Kinda, Kalpana Kochhar, Shi Piao, Johanna Schauer
Sharing The Growth Dividend: Analysis Of Inequality In Asia, Sonali Jain-Chandra, Tidiane Kinda, Kalpana Kochhar, Shi Piao, Johanna Schauer
Journal of Banking and Financial Economics
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many other regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast- growing Asian economies have been unable to replicate the “growth with equity” miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It …
The Use Of The Bootstrap Method For The Assessment Of Investment Effectiveness And Risk – The Case Of Confidence Intervals Estimation For The Sharpe Ratio And Tailvar, Klaudia Jarno, Łukasz Smaga
The Use Of The Bootstrap Method For The Assessment Of Investment Effectiveness And Risk – The Case Of Confidence Intervals Estimation For The Sharpe Ratio And Tailvar, Klaudia Jarno, Łukasz Smaga
Journal of Banking and Financial Economics
This paper is aimed at presenting application of bootstrap interval estimation methods to the assessment of financial investment’s effectiveness and risk. At first, we give an overview of various methods of bootstrap confidence interval estimation, i.e. bootstrap-t interval, percentile interval and BCa interval. Then, bootstrap confidence interval estimation methods are used to estimate confidence intervals for the Sharpe ratio and TailVaR of the Warsaw Stock Exchange sectoral indices. The results show that the bootstrap confidence intervals of different types are quite similarly positioned for each of the analysed index and measure. Taking into the account the locations of confidence intervals …
Bkash Vs. Bank-Led Option: Factors Influencing Customer’S Preferences – Does It Warrant Voluntary-Insurance-Policy For Rapid-Growth Digital-Banking In Bangladesh-Economy?, Akim M. Rahman
Journal of Banking and Financial Economics
In today’s technology-driven world-economy, banking-services have been modernized where customers compete for comparative time-saving-options. Bangladesh, a developing country, is no exception. Besides traditional banking, Agent-banking, bKash, Western-Union etc. serve new-way financial-services. But, in 21st-Century business-mentality era, many factors are unpredictable. Strict laws & application can marginalize the magnitudes of Perceived-risk where developed countries are ahead of developing countries. But it does not guarantee risk-free digital-transaction where developing countries are vulnerable. It might have led a slower growth of digital-banking in countries like Bangladesh. Dealing with determinant Perceived-risk, current author proposed Voluntary-Insurance policy (Rahman, 2018) that deserves to be scrutinized. Using …
Reconciling Macroeconomic Determinants With Stock Market Performance In Selected Sub-Saharan African Countries: An Ardl Approach, Kareem Abidemi Arikewuyo, Akeem Adekunle Adeyemi, Eunice Titilayo Omodara, Lateef Adewale Yunusa
Reconciling Macroeconomic Determinants With Stock Market Performance In Selected Sub-Saharan African Countries: An Ardl Approach, Kareem Abidemi Arikewuyo, Akeem Adekunle Adeyemi, Eunice Titilayo Omodara, Lateef Adewale Yunusa
Journal of Banking and Financial Economics
Prior studies have adduced unstable macroeconomic factors to stock price movement overtime but the relationship between the duo remained unsettled. Autoregressive Distributed Lag (ARDL) technique was used to reconcile the macroeconomic determinants with performance of stock markets in selected Sub-Saharan Africa (SSA) covering the period of 1999:1–2017:4. It was found that macroeconomic indicators were essential in determining stock market performance in Nigeria while South African stock market did not show any predictable linkage but the contemporaneous effect of oil price changes on stock market performance in selected SSA. The study, therefore, recommended that countries in SSA should reduce overdependence on …
The Impact Of Credit Risk On Bank Profitability In Nigeria, Charles Onyeiwu, Gideon Ajayi, Obumneke Muoneke B.
The Impact Of Credit Risk On Bank Profitability In Nigeria, Charles Onyeiwu, Gideon Ajayi, Obumneke Muoneke B.
Journal of Banking and Financial Economics
This study examines the impact credit risk management has on the profitability of commercial banks in Nigeria. The main objective of this material is to show how credit risk parameters are related to the expected performance of commercial banks in Nigeria. Using the regression analysis, relationship was drawn between credit risk parameters (which include capital adequacy ratio and non-performing loan ratio) and the profitability ratio (return on average asset, in particular) of five big Nigerian banks. Mixed research methodology was adopted in that primary data were sourced via questionnaires and secondary data were used via annual report of selected banks. …
Belize’S 2016–17 Sovereign Debt Restructuring – Third Time Lucky?, Tamon Asonuma, Michael G. Papaioannou, Eriko Togo, Bert Van Selm
Belize’S 2016–17 Sovereign Debt Restructuring – Third Time Lucky?, Tamon Asonuma, Michael G. Papaioannou, Eriko Togo, Bert Van Selm
Journal of Banking and Financial Economics
This paper examines the causes, process, and outcome of Belize’s 2016–17 sovereign debt restructuring – its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006–07 and in 2012–13, the 2016–17 debt restructuring was executed through collaborative engagement with creditors outside an IMF-supported program. While providing liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned by ambitious fiscal consolidation and growth-enhancing structural reforms to secure durable gains and avoid future debt distress situations.
Causal Analysis Between Liquidity And Profitability: Is There Any Difference Between Public And Private Commercial Banks In Bangladesh?, Qamarullah Bin Tariq Islam
Causal Analysis Between Liquidity And Profitability: Is There Any Difference Between Public And Private Commercial Banks In Bangladesh?, Qamarullah Bin Tariq Islam
Journal of Banking and Financial Economics
This paper analyzes the causal relationship between liquidity and profitability for public and private commercial banks in Bangladesh. The augmented Dickey-Fuller test of stationarity is carried out first. As they are found to be integrated of the same order, the Engle-Granger test of cointegration is applied. Finally, the Granger causality test is applied to check if there is any causal relationship between liquidity and profitability for public and private commercial banks in Bangladesh from 2001 to 2019. Another aim of the paper is to see if there is any difference in the causal relationship between these two bank typologies. The …
Gdp Growth As A Bank Loan Quality Determinant, Joanna Rachuba
Gdp Growth As A Bank Loan Quality Determinant, Joanna Rachuba
Journal of Banking and Financial Economics
Past financial crises and recessions have revealed the importance of the economy’s condition for the loan quality. Macroeconomic determinants of the non-performing loans have been attracting considerable attention in recent years. The aim of this paper is to organize and summarize studies examining the role of GDP growth and its impact on bank loan quality. This approach reveals the research problem which is to specify if there exists a statistically significant relationship between economic growth and the level of non-performing loans. It is equally important to determine the direction of this link. By appealing to common knowledge, the research hypothesis …
Condition Of Banks Listed On The Warsaw Stock Exchange During The First 3 Months Of The Pandemic In Poland, Zbigniew Korzeb, Paweł Niedziółka
Condition Of Banks Listed On The Warsaw Stock Exchange During The First 3 Months Of The Pandemic In Poland, Zbigniew Korzeb, Paweł Niedziółka
Journal of Banking and Financial Economics
The aim of the paper is to assess the condition of commercial banks listed on the Warsaw Stock Exchange after the first three months of the COVID-19 pandemic in Poland. The consolidated results for Q1 and Q2 2020 were used focusing on selected evaluation areas such as: capital adequacy, profitability, liquidity, credit portfolio quality as well as operational efficiency. The authors concluded that as a result of the credit crunch and the retention of previously earned profits, almost every medium (except for mBank SA) and every large bank experienced an increase in capital adequacy ratios. Moreover, the profitability of the …
Full Issue
The Thetean: A Student Journal for Scholarly Historical Writing
No abstract provided.
"Uncle Sam Meets John Bull':· American Fur Traders' Attitudes Toward The Hudson's Bay Company, 1821-1832, Andrea Gayle Radke
"Uncle Sam Meets John Bull':· American Fur Traders' Attitudes Toward The Hudson's Bay Company, 1821-1832, Andrea Gayle Radke
The Thetean: A Student Journal for Scholarly Historical Writing
The disgruntled British trapper cocked his rifle and shoved it into the chest of Mr. Lucien Fontenelle. Feeling that the American rivals had instigated the desertion of a fellow English trader, the gun-wielding Brit planned on taking out his frustrations on Fontenelle, the American Fur Company leader. Immediately, Fontenelle's men sprang from their horses with rifles ready, "prepared to give them Battle, should they presume to offer any further show of hostility." Cooler heads prevailed, however, and the companies parted without additional conflict.
The Bomb In Political Cartoons Of The 1950s, Cory B. Stokes
The Bomb In Political Cartoons Of The 1950s, Cory B. Stokes
The Thetean: A Student Journal for Scholarly Historical Writing
Cartoons are irresistible. No other printed medium conveys its message to a wider range of people. Hebert Block (Herblock) and other popular syndicated cartoonists provided a substantial slice of the cartoons Americans saw each evening as they opened their newspapers. Their themes represent discourse on a national level as opposed to regional or local cartoonists. Examining the intent and content of 1950s editorial cartoons sheds light on society's reaction to the nuclear threat and what part the opinion pages played in shaping the public perception of the nuclear weapons race. Herblock's cartoons emphasized the unknown and uncontrollable nature of atomic …
The Influence Of The Council On Foreign Relations In American Foreign Policy Initiatives, Walter Kenneth Lovell
The Influence Of The Council On Foreign Relations In American Foreign Policy Initiatives, Walter Kenneth Lovell
The Thetean: A Student Journal for Scholarly Historical Writing
United States Foreign policy has generally followed common themes since the nation's birth. Ideally, in a democratic society, the prevailing views of the mass of people create the policies guiding the government both domestically and abroad. It is in this vein that former Secretary of State Dean Rusk spoke when defining foreign policy as constant. Foreign policy ought not change according to political climate, but rather take its basis from the values the people ostensibly hold sacred.
Faith In Europe: De Gasperi, Adenauer And Their Visions Of Postwar Europe, Michael Griffitts
Faith In Europe: De Gasperi, Adenauer And Their Visions Of Postwar Europe, Michael Griffitts
The Thetean: A Student Journal for Scholarly Historical Writing
G ermany and Italy faced exceptional challenges after World War II. Their culpability in the outbreak of this devastating war made recovery an especially difficult task. Konrad Adenauer (1876-1967) and Alcide De Gasperi (1881-1954) had the unenviable jobs of rebuilding their respective nations after Adolf Hitler and Benito Mussolini had fallen from power. Both were Chri~tian Democrats who believed that the Christian tradition could provide an important foundation for Europe's rebirth. For both, the ennobling principles of Christianity and the transnational solidarity promoted by the religious tradition offered a refreshing possibility for peace and stability. Their commitment to greater European …
'A Mighty Woman In Zion": The Roles Of Mary Jane Dilworth Hammond As An Lds Missionary Wife In Nineteenth-Century Hawaii, Julia Ann Oldroyd
'A Mighty Woman In Zion": The Roles Of Mary Jane Dilworth Hammond As An Lds Missionary Wife In Nineteenth-Century Hawaii, Julia Ann Oldroyd
The Thetean: A Student Journal for Scholarly Historical Writing
Mary Jane Dilworth, the twelfth of thirteen children of Caleb and Eliza Wollerton Dilworth, was born on 29 July 1831 in Uwchlan, Chester, Pennsylvania. By 1846, her mother, brother, and eight sisters had joined The Church of Jesus Christ of Latter-day Saints and had moved to Nauvoo, Illinois, to gather with the other Church members. The inhabitants of Nauvoo were later driven from their homes to Winter Qyarters, Nebraska, and on 17 June 1847 most of the Dilworth family headed farther west with the Jedediah M. Grant Mormon pioneer company and arrived in the Salt Lake Valley almost four months …
Front Matter
The Thetean: A Student Journal for Scholarly Historical Writing
No abstract provided.
Do Enhanced Collective Action Clauses Affect Sovereign Borrowing Costs?, Kay Chung, Michael G. Papaioannou
Do Enhanced Collective Action Clauses Affect Sovereign Borrowing Costs?, Kay Chung, Michael G. Papaioannou
Journal of Banking and Financial Economics
This paper analyzes the effects of including collective action clauses (CACs) and enhanced CACs in international (nondomestic law-governed) sovereign bonds on sovereigns’ borrowing costs, using secondary-market bond yield spreads. Our findings indicate that inclusion of enhanced CACs, introduced in August 2014, is associated with lower borrowing costs for both noninvestment-grade and investment-grade issuers. These results suggest that market participants do not associate the use of CACs and enhanced CACs with borrowers’ moral hazard, but instead consider their implied benefits of an orderly and efficient debt resolution process in case of restructuring.
The Impact Of The Reforms Of The 2000s And The Arab Spring Of 2011 On The Performance Of The Egyptian Banking Sector, Ahmed L. M. Ahmed
The Impact Of The Reforms Of The 2000s And The Arab Spring Of 2011 On The Performance Of The Egyptian Banking Sector, Ahmed L. M. Ahmed
Journal of Banking and Financial Economics
This paper aims to assess the current condition of the Egyptian banking sector, based on the past reforms of the 2000s. This analysis is based on data from the Central Bank of Egypt (CBE), data from the Egyptian banking sector and the literature review. The main finding is that despite many changes in the political and economic scene that drove the country into a crisis, the Egyptian banking sector was able to work well in the post-2008 period, achieving high growth rates. This study contributes to the academic literature on factors influencing financial development in emerging counties, based on the …
The Impact Of The Turkish Presidential System On The Turkish Lira, Mahmut Zeki Akarsu
The Impact Of The Turkish Presidential System On The Turkish Lira, Mahmut Zeki Akarsu
Journal of Banking and Financial Economics
The political system always has a significant impact on economic indicators. Currency exchange is one of the indicators, which is influenced directly or indirectly by political developments. Investors and economic agents make investment decisions by not only economic outcomes but also political developments. Turkey is one of the countries, which can be an example of a domestic currency losing value significantly due to undemocratic political actions since the 2017 referendum. Therefore, in this study, the impact of the new presidential system on the Turkish Lira is investigated using the Bayesian structural time-series model in R software. According to the literature …