Finance Commons^™

A Special Address: Policy Seminar On The 1997 Federal Government Budget., Ayo Ogunlade

Bullion

The paper contains the special address by the Honourable Minister of National Planning at the opening ceremony of the CBN/NCEMA/NES policy seminar on the 1997 Federal Government Budget. The budget provides the framework for implementing the short-term components of medium-term national development policies and programmes.

On The Stability Of Money Multiplier Relations In Nigeria: An Alternative Testing Procedure, Sani L. Doguwa

Economic and Financial Review

The question of stability over time of the adjusted money multiplier relation is of crucial importance for adjusted base money to act as the main link to money supply. This paper tests the hypothesis of stability of money multiplier relations in Nigeria using the forward recursive cusum of squares that uses a confidence interval which is distributed as Pyke 's modified Kolmogrov-Smirnov statistic. The results of the stability tests applied to monthly data from January, 1991 to December, 1995 suggest that the functions underlying the adjusted money multipliers were not stable between March, I992 and December, I994. The two multiplier …

Tobin, James, Tony Caporale

Economics and Finance Faculty Publications

James Tobin was born in Champaign, Illinois, in 1918. He received his bachelor's degree in 1939 and his master's degree in 1940, both from Harvard. Following naval service during the years 1942-6, he returned to his graduate studies and received his PhD from Harvard in 1947. In 1950, he joined the economics department at Yale University, and he has largely remained at Yale and has been identified with this institution throughout his career. He twice directed the Cowles Foundation for Research in Economics, first from 1955 to 1961, and then from 1964 to 1965. He also served for two years, …

Indiana State University Financial Report 1997, Indiana State University

Financial Reports

No abstract provided.

Medicaid Forecasting Practices, Dan Williams

Publications and Research

This paper examines forecasting activities among Medicaid agencies in the fifty United States, Washington, D.C., and five U.S. territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and Virgin Islands). Most frequently, studies of state or local forecasting practice focus on revenue forecasting. There are several reasons why comparison of state Medicaid forecast practice may be better than comparison of state revenue forecasting practices. First, there is no consistent reporting of state revenue estimates. States make forecasts when it suits them and report them in a manner that is satisfactory to their governors or legislatures. Collection of data through national …

Buying A Used Car, Liz Gorham

All Archived Publications

No abstract provided.

Nova Southeastern University 1997 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

The Economics Of Prefunding Social Security And Medicare Benefits, Martin Feldstein, Andrew Samwick

Dartmouth Scholarship

This paper presents a detailed analysis of the economics of prefunding benefits for the aged, focusing on social security but indicating some of the analogous magnitudes for prefunding Medicare benefits. We use detailed census and social security information to model the transition to a fully funded system based on mandatory contributions to individual accounts. The funded system that we examine would permanently maintain the level of benefits now specified in current law and would require no new government borrowing (other than eventually selling the bonds that are officially in the social security trust fund). During the transition, the combined rate …

Household Saving: Micro Theories And Micro Facts, Martin Browning, Annamaria Lusardi

Dartmouth Scholarship

In this survey, we review the recent theoretical and empirical literature on household saving and consumption. The discussion is structured around a list of motives for saving and how well the standard theory captures these motives. We show that almost all of the motives for saving that have been suggested in the informal saving literature can be captured in the standard optimizing model. Particular attention is given to recent work on the precautionary motive and its implications for saving and consumption behavior. We also discuss the "behavioral" or "psychological" approach that eschews the use of standard optimization techniques and focuses …

Share Buyback Aspects And Implications, Dilip D Kare, R Vaidyanathan

IIMB Management Review

Allowing Indian firms to buy back their shares has been a subject of debate for some time. It is currently under consideration by the Securities and Exchange Board of India (SEBI). India’s second largest corporate, Reliance Industries (Rs 94 billion by market & capitalisation), set a trend recently by getting its shareholders’ approval for buy-back, subject to other statutory approvals.

Gearing Up For Competition New Challenges For Indian Banks, J V Shetty

IIMB Management Review

Influenced by the economic reforms programme, banking in India is witnessing a shift away from meeting social priorities to confronting market forces. This has led to its improved performance during the last two years, generating considerable optimism that the country will eventually be blessed with a sound, streamlined and competitive banking system that would help it successfully meet the challenges of the global marketplace.

Fiscal Analysis Of New County In South_02-01-1996 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report presents analysis of the fiscal capacity of a proposed new county located in the unincorporated areas of Bernalillo County south of the city of Albuquerque.

Fiscal Analysis Of New County In South_02-01-1996, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report presents analysis of the fiscal capacity of a proposed new county located in the unincorporated areas of Bernalillo County south of the city of Albuquerque. This report presents analysis of the fiscal capacity of a proposed new county located in the unincorporated areas ofBernalillo County south ofthe city ofAlbuquerque.

Fiscal Analysis Of New County In South_02-01-1996 (3), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report presents analysis of the fiscal capacity of a proposed new county located in the unincorporated areas of Bernalillo County south of the city of Albuquerque.

Indiana State University Financial Report 1996, Indiana State University

Financial Reports

No abstract provided.

Nova Southeastern University 1996 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

How Retirement Saving Programs Increase Saving, James M. Poterba, Steven F. Venti, David A. Wise

Dartmouth Scholarship

This paper summarizes the authors work on the effect of IRA and 401(k) contributions on net personal saving. They consider many different nonparametric approaches to controlling for heterogeneity in individual saving behavior and conclude that the weight of the available evidence suggests that contributions to both IRAs and 401(k)s largely represent new saving. The authors devote particular attention to reconciling their results with the findings in other studies that reach different conclusions, sometimes using the same databases that the authors analyze. Methodological limitations that undermine the reliability of results in other studies explain many of these disparities.

The Stock Market As A Leading Indicator: An Application Of Granger Causality, Brad Comincioli

University Avenue Undergraduate Journal of Economics

The purpose of this paper, then, is to evaluate stock prices as a leading indicator of economic activity. Time-series analysis and the notion of "Granger causality" are used in this project to estimate relationships between stock prices and the economy, and to see if they are consistent with theory. In this paper, we will explore the following questions. First, does the stock market lead the real economy, in the sense that variation in its past values explains some of the variation in the real economy? Second, does the stock market "Granger-cause" the real economy, in which case past values of …

A Historical, Theoretical, And Empirical Study Of Ppp Using Traditional And Alternative Methodologies, Kerry E. Clendenon

Economics Theses & Dissertations

No abstract provided.

The Balanced Budget Amendment: A Time Bomb To Subvert American Prosperity, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Paper dated Feb. 13, 1995.

Summary of a Report: ’A Time Bomb to Subvert American Prosperity’.

Indiana State University Financial Report 1995, Indiana State University

Financial Reports

No abstract provided.

Nova Southeastern University 1992 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

The Intellectual Property Right Laws Of The People's Republic Of China, Maria H. Ramjerdi

Department of Economics Faculty Scholarship and Creative Works

As economic development and legal reform continue to explode in the People's Republic of China (China),1 issues surrounding international intellectual property rights protection in China have been propelled to the forefront of Chinese and world politics.2 The primary focus of this Article is to examine the legal reform that has occurred in China in the area of intellectual property rights and the effect that it has had on China and world trade. Thus, this Article will explore the development and enforcement of the intellectual property rights laws of China since 1978. During 1978, the third plenum, under the leadership of …

Tender Offer Outcome Prediction Based Upon Efficient Market Hypothesis, James I. Montgomery

Retrospective Theses and Dissertations

A significant portion of firms' capital expenditures in the recent past have been accomplished through the acquisition of the assets of other firms by tender offers. While the majority of tender offers are successful, a significant number of tender offers fail for various reasons. The accurate prediction of the success or failure of a tender offer would provide investors with valuable information upon which to base their investment decisions. The target firm shareholders could use the information as a base for their tendering decision. For the abitrageur, a predictive model would reduce the uncertainty associated with their investment activity and, …

Article Clipped From The New York Times, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

The newspaper article The Wounded Giants of Japan by Sheryl WuDunn, published in The New York Times on November 24, 1995.

Allocation And Management Of Foreign Exchange: The Nigerian Experience., O. K. Anifowose

Bullion

This paper intends to discuss and review the various strategies adopted in the management of Nigeria's foreign exchange resources. Part I of the paper reviews the systems adopted before SAP (Structural Adjustment Programme) period as well as those practised from SAP to end of 1993. Part ll considers in broad terms the 1994 foreign exchange resource management policies. While Part lll describes the foreign exchange allocative mechanism adopted in 1994. Finally, part lV provides the summary and conclusion of the paper.

Towards A Viable Rural Financial Market In Nigeria., O. O. Akanji

Bullion

This paper analyse the weakness of existing rural financial markets, survey the existing formal and informal financial markets in rural areas, their financing mechanisms, strengths and weaknesses, and propose an agenda from a viable rural financial market in Nigeria. It is divided into four parts. Part 1 presents a critique of the operation of formal financial institutions in rural markets. Part 2 identifies the existing informal financial markets, noting their structure and financing mechanisms and the overall influence on the rural people. Part 3 analyses the challenges and prospects of rural financial markets, while Part 4 presents the conclusion and …

New Mexico Tax Study_Jun 1994, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The New Mexico Tax Study was prepared for the Legislative Finance Committee (LFC) by the University of New Mexico, Bureau of Business and Economic Research (BBER). The LFC contracted with BBER to produce the document over a two year period. The first year resulted in Volume I, State Tax Policy and Tax Burden and the second year produced Volume ll, Issues in Local Government Finance.

New Mexico Tax Study_Jun 1994 (3), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The New Mexico Tax Study was prepared for the Legislative Finance Committee (LFC) by the University of New Mexico, Bureau of Business and Economic Research (BBER). The LFC contracted with BBER to produce the document over a two year period. The first year resulted in Volume I, State Tax Policy and Tax Burden and the second year produced Volume ll, Issues in Local Government Finance.

New Mexico Tax Study_Jun 1994 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The New Mexico Tax Study was prepared for the Legislative Finance Committee (LFC) by the University of New Mexico, Bureau of Business and Economic Research (BBER). The LFC contracted with BBER to produce the document over a two year period. The first year resulted in Volume I, State Tax Policy and Tax Burden and the second year produced Volume ll, Issues in Local Government Finance.