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Selected Works

Banking and Finance Law

None

2009

Articles 1 - 3 of 3

Full-Text Articles in Law

Bank Stock Returns Under Money Supply Endogeneity: Empirical Evidence Using Panel Data, Zatul Badarudin, Mohamed Ariff, Ahmed Khalid Dec 2009

Bank Stock Returns Under Money Supply Endogeneity: Empirical Evidence Using Panel Data, Zatul Badarudin, Mohamed Ariff, Ahmed Khalid

Ahmed Khalid

There is as yet a study of money supply effect on the aggregate bank stock prices using modern money supply theories. Endogenous money theory suggests loans made by banks cause deposits, and, consequently, bank creates money supply. Resulting changes in bank’s loans and deposits affects bank stock returns: Also, consequent credit creations/reductions affect a bank’s profitability, thus stock prices. Whether money endogeneity is in fact the way the money supply behaves has also not yet been widely tested. Applying panel regression and generalized method of moments, this paper provides new evidence on this little explored relationship between endogenous money supply …

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Preparing For The New European Driven Wealth Management Model, William Byrnes Apr 2009

Preparing For The New European Driven Wealth Management Model, William Byrnes

William H. Byrnes

No abstract provided.

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Opening A Portal Into The World Of Central Banking: A Review Of Legal Foundations Of International Monetary Stability Rosa M. Lastra, Christian Johnson Jan 2009

Opening A Portal Into The World Of Central Banking: A Review Of Legal Foundations Of International Monetary Stability Rosa M. Lastra, Christian Johnson

Christian A. Johnson

The term portal entered the commonplace lexicon in the 1990s. High-tech denizens co-opted the term to symbolize a gateway into the cyberworld of the internet. Just as yahoo and google provide access to the internet's riches, Rosa Lastra has provided a user-friendly portal into the arcane, jargon-laced and complex world of central banking. Just like an internet portal, Rosa Lastra has provided an extraordinary tool to decipher and understand the workings of international monetary stability, equally useful for the apprentice as well as the wizard.

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