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Articles 1861 - 1890 of 1923

Full-Text Articles in Economics

Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1994 Fiscal Year: Monetary Policy Circular No. 28., Central Bank Of Nigeria Central Bank Of Nigeria Mar 1994

Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1994 Fiscal Year: Monetary Policy Circular No. 28., Central Bank Of Nigeria Central Bank Of Nigeria

Bullion

This paper contains the outlines of the monetary, credit, foreign trade and exchange policy guidelines for banks and other financial institutions in Nigeria during fiscal 1994. The circular is structured into three sections and Appendix. Section one reviews developments in the economy and the policy environment in 1993 and thus provides the background to the policy measures for 1994. Section two details the monetary and credit policy measures and guidelines for banks and other financial institutions. The foreign trade and exchange policy measures for 1994 are highlighted in section three and list of prohibited import and export items is provided …


Indiana State University Financial Report 1994, Indiana State University Jan 1994

Indiana State University Financial Report 1994, Indiana State University

Financial Reports

No abstract provided.


The Vehicle Quota System In Singapore: An Assessment, Winston T. H. Koh, David K. C. Lee Jan 1994

The Vehicle Quota System In Singapore: An Assessment, Winston T. H. Koh, David K. C. Lee

Research Collection Lee Kong Chian School Of Business

This paper reviews the developments since the vehicle quota system was introduced in Singapore in May 1990. We discuss the bidding strategies for the certificates of entitlement (COE) under both the transferable and nontransferable auctions, as well as the equity of the present system and the desirability of transferable COEs. We argue that the COE auction should be made discriminatory and propose an alternative system of COE auction that we feel is both equitable and at the same time politically acceptable. We also survey developments in market competition in the car industry.


The Value Line Enigma Extended - An Examination Of The Performance Of Option Recommendations, Jack B. Broughton, Don M. Chance Oct 1993

The Value Line Enigma Extended - An Examination Of The Performance Of Option Recommendations, Jack B. Broughton, Don M. Chance

Business Faculty Articles and Research

We extend the research on the Value Line Enigma by examining the performance of call recommendations in Value Line Options. Galai's hedge decomposition procedure identifies the components of the calls' returns. Abnormal call returns were most pronounced immediately following the purchase, which is consistent with studies of Value Line's stock rankings. The largest and most significant abnormal performance was by calls assigned the highest rank written on stocks judged by Value Line to be correctly priced. Abnormal call return performance by joint call and stock ranks was consistent with the hypothesis that Value Line identifies underpriced call options.


Auctions For Transferable Objects: Theory And Evidence From The Vehicle Quota System In Singapore, David K. C. Lee, Winston T. H. Koh Oct 1993

Auctions For Transferable Objects: Theory And Evidence From The Vehicle Quota System In Singapore, David K. C. Lee, Winston T. H. Koh

Research Collection Lee Kong Chian School Of Business

This paper studies the hypothesis that auctions with resale markets result in higher prices. The vehicle quota system introduced in Singapore in May 1990 provides the setting. The Certificates of Entitlement (COEs) necessary to purchase new cars were initially transferable for all quota categories. After October 1991, COEs for four major categories became non-transferable. Our results indicate that while the conversion to non-transferability eliminated speculation, it has also intensified competition among car distributors. Auctions for non-transferable COEs in fact led to higher COE prices in three of the four categories.


Indiana State University Financial Report 1993, Indiana State University Jan 1993

Indiana State University Financial Report 1993, Indiana State University

Financial Reports

No abstract provided.


Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler Jan 1993

Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler

Economics & Finance

The valuation effect of debt and equity issue announcements on stock price varies predictably with the timing of earnings and dividend reports. Issue announcements closely preceding current cash flow signals have more negative valuation effects. Straight debt announcements also have a significantly negative effect on stock price when the offer announcement closely precedes earnings and dividend releases. The evidence is consistent with a separating equilibrium where better performing firms signal superior value by announcing equity offers shortly after dividend announcements. Poorer performers appear to time equity offers just before dividend signals, which in turn are more likely to be negative.


Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper Jun 1992

Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper

Economics & Finance

No abstract provided.


Indiana State University Financial Report 1992, Indiana State University Jan 1992

Indiana State University Financial Report 1992, Indiana State University

Financial Reports

No abstract provided.


Financial Management Theory And Practice By Prasanna Chandra , New Delhi: Tata Mcgraw Hill Publication, 1989., Mohindar N Kaur Dec 1991

Financial Management Theory And Practice By Prasanna Chandra , New Delhi: Tata Mcgraw Hill Publication, 1989., Mohindar N Kaur

IIMB Management Review

No abstract provided.


Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria Jun 1991

Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria

CBN Statistical Bulletin

The financial statistics section offers comprehensive data on various financial subsectors, including money and banking, financial markets, non-bank financial institutions, and public finance statistics. Key areas covered include data consolidation of commercial and merchant banks, liquidity ratios, cash reserves, loan/deposit ratios, and credit distribution. Clearing house statistics provide information on volume of transactions within the commercial banking system and the number and value of cheques cleared. Financial markets provide information on new issues, treasury securities, money market assets, Nigerian Stock Exchange (NSE) transactions, and government debt instruments. Public finance statistics include federal government revenue and expenditure, sources such as oil, …


Indiana State University Financial Report 1991, Indiana State University Jan 1991

Indiana State University Financial Report 1991, Indiana State University

Financial Reports

No abstract provided.


Free Bank Failures In New York And Wisconsin: A Portfolio Analysis, Andrew J. Economopoulos Oct 1990

Free Bank Failures In New York And Wisconsin: A Portfolio Analysis, Andrew J. Economopoulos

Business and Economics Faculty Publications

Rolnick and Weber found that a sharp decline in asset prices led to bank panics and, ultimately, bank failures during the free banking era. An examination of New York and Wisconsin free bank portfolios prior to a fall in asset prices indicates banks that weathered the turmoil held significantly different portfolios than closed banks. In general, solvent banks held more loans and specie, and issued more deposits and less bank notes than closed banks.


Indiana State University Financial Report 1990, Indiana State University Jan 1990

Indiana State University Financial Report 1990, Indiana State University

Financial Reports

No abstract provided.


The Effect Of Government Deficits On Consumption And Interest Rates: A Two Equation Approach, Dean D. Croushore Apr 1989

The Effect Of Government Deficits On Consumption And Interest Rates: A Two Equation Approach, Dean D. Croushore

Economics Faculty Publications

Single-equation estimation of the consumption function often is used in testing the Ricardian equivalence theorem. This approach may be misleading, as effects on interest rates usually are ignored. This paper proposes simultaneous estimation of consumption and investment equations, with the interest rate serving to equilibrate the market. Five existing studies are replicated and subjected to sensitivity tests. The results show that the interest rate is important in the consumption function. The Ricardian equivalence theorem is tested, but the results are mixed.


Te'o I. J. Fairbairn's Review Of Michael T. Skully's Financial Institutions And Markets In The South Pacific, Te'o I. J. Fairbairn Mar 1989

Te'o I. J. Fairbairn's Review Of Michael T. Skully's Financial Institutions And Markets In The South Pacific, Te'o I. J. Fairbairn

Pacific Studies

No abstract provided.


Indiana State University Financial Report 1989, Indiana State University Jan 1989

Indiana State University Financial Report 1989, Indiana State University

Financial Reports

No abstract provided.


Indiana State University Financial Report 1988, Indiana State University Jan 1988

Indiana State University Financial Report 1988, Indiana State University

Financial Reports

No abstract provided.


Investment Planning Model For Optimum Allocation Of Natural Gas: A Programming Approach, V Ranganathan, R Ramanathan Jul 1987

Investment Planning Model For Optimum Allocation Of Natural Gas: A Programming Approach, V Ranganathan, R Ramanathan

IIMB Management Review

Natural gas has been recognised for a long time as a primary source in most of the developed countries. However, the developing countries like India did not realisethe full potential in this area till reeently. This is all the more appalling since natural gas seems to be India’s predominant hydrocarbon resources. As per the Advisory Board on Energy, in 1976, an Indo-Soviet geological study team had concluded that 75% of India’s ultimate hydro-carbon reserves were in the form of natural gas.


Introduction To Lease Financing By Rajas Parchure & Ashok N Kumar, New York: Time Research Foundation, 1985., Prasanna Chandra Jul 1987

Introduction To Lease Financing By Rajas Parchure & Ashok N Kumar, New York: Time Research Foundation, 1985., Prasanna Chandra

IIMB Management Review

No abstract provided.


The New York Free Banking Era: Deregulation Or Reregulation?, Andrew J. Economopoulos Apr 1987

The New York Free Banking Era: Deregulation Or Reregulation?, Andrew J. Economopoulos

Business and Economics Faculty Publications

The deregulation of the banking market is a frequently debated policy issue. Proponents of deregulation claim that free market forces would improve market efficiency. The basis for their argument is grounded in the work and tenets of Adam Smith. Deregulation opponents claim that a bank market left unfettered would disrupt the financial market; bank mismanagement, failures, and panics would pervade the market and cause distrust of the banking system . Opponents of deregulation derive their beliefs from actual historical experiences rather than theory . Many opponents point to a period of American banking history, called the Free Banking Era (1838-1863), …


Indiana State University Financial Report 1987, Indiana State University Jan 1987

Indiana State University Financial Report 1987, Indiana State University

Financial Reports

No abstract provided.


The Leverage Problem In The Valuation Of Privately Held Firms, Thomas Berry, John Houston Jan 1987

The Leverage Problem In The Valuation Of Privately Held Firms, Thomas Berry, John Houston

College of Business Faculty and Staff Works

No abstract provided.


The Impact Of Reserve Requirements On Free Bank Failures, Andrew J. Economopoulos Dec 1986

The Impact Of Reserve Requirements On Free Bank Failures, Andrew J. Economopoulos

Business and Economics Faculty Publications

The Free Banking Era, noted for numerous bank failures and large creditor losses, has been traditionally viewed as the experiment in laissez-faire banking that failed. Current researchers have found evidence suggesting that bank failures and creditor losses were limited to selected states and have linked the cause of bank failures to periods of falling asset prices. Free banks were required to hold long-term assets as primary reserves for short-term liabilities. Current banking theory suggests that the maturity imbalance between assets and liabilities increases the free bank's exposure to interest rate risk. Some states imposed a secondary reserve, the specie reserve …


Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn Jun 1986

Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This report contains an analysis of data extracted from the returns lodged with the Federal Ministry of Finance by insurance companies operating in Nigeria during 1983-1984. In 1983 and 1984 about 92.9 and 98.9 per cent of the existing companies had filed their returns at the time the survey was conducted. Estimates were made for non-response in order to provide a basis for consolidating for the entire insurance industry. The report is divided into five parts: namely, the structure and performance of the insurance industry, life insurance business, non-life insurance business, assets and investment pattern of insurance companies; summary and …


Indiana State University Financial Report 1986, Indiana State University Jan 1986

Indiana State University Financial Report 1986, Indiana State University

Financial Reports

No abstract provided.


Indiana State University Financial Report 1985, Indiana State University Jan 1985

Indiana State University Financial Report 1985, Indiana State University

Financial Reports

No abstract provided.


Developments In The Financial System During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn Sep 1984

Developments In The Financial System During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This article highlights the developments in the financial system of Nigeria during the third quarter of 1984. It covers the monetary and credit developments, commercial banking and merchant banking developments in the country during the period under review.


Foreign Exchange Flows Through The Central Bank During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn Sep 1984

Foreign Exchange Flows Through The Central Bank During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a report of the flow of foreign exchange in and out during the third quarter of 1984. Foreign exchange transactions during the third quarter of 1984 resulted in a net outflow of N114 .0 million in contrast to the net inflows of N289.4 million and N11.9 million recorded during the preceding quarter and the corresponding period of 1983, respectively.


Developments In The Banking Sector During The Second Quarter Of 1984, Central Bank Of Nigeria Cbn Jun 1984

Developments In The Banking Sector During The Second Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

The paper discusses the developments in the Nigeria banking sector during the second quarter of 1984. The downward movement in money supply (M1) observed during the first quarter of 1984 and the factors responsible mainly for the contraction of M1.