An Overview And Dynamics Of Financial Market Development In Nigeria And Imperatives For Exchange Rate Stability,
2014
Central Bank of Nigeria
An Overview And Dynamics Of Financial Market Development In Nigeria And Imperatives For Exchange Rate Stability, E.U. Ukeje
Economic and Financial Review
The article discusses the important role money market plays in the economic development of any country which provides the platform for central banks to influence short-term interest rates,
Welcome Address At The Executive Seminar On "Exchange Rate Policy And Economic Management",
2014
Central Bank of Nigeria
Welcome Address At The Executive Seminar On "Exchange Rate Policy And Economic Management", C. Mojekwu
Economic and Financial Review
This is a welcome address by the Director of Human Resources Department on the 2015 CBN executive seminar jointly organized by the Research and Human Resources Departments.
Financial Literacy And Financial Inclusion Of Women In Rural Rajasthan,
2014
SIT Study Abroad
Financial Literacy And Financial Inclusion Of Women In Rural Rajasthan, Emily Levi-D'Ancona
Independent Study Project (ISP) Collection
Financial inclusion is an important step in development, as access to finances can help the poor build money and lift themselves out of poverty. In many parts of the developing world, and especially in India, microfinance is seen as a new approach to fighting poverty by bringing financial services, including low-interest loans, to the poor so that they can afford to start a business or invest and eventually gain self-sufficiency – in other words, a method of financial inclusion for the poor. However, microfinance in India cannot sufficiently reach the poor populations, especially those in rural India, and many of …
Curbing Corporate Inversions:
A Study Of National And International Efforts To Establish Corporate Tax Equity,
2014
SIT Study Abroad
Curbing Corporate Inversions: A Study Of National And International Efforts To Establish Corporate Tax Equity, Scott Novak
Independent Study Project (ISP) Collection
In recent years, the number of U.S. companies trying to merge with a foreign company and thereby reincorporate themselves in countries with a lower corporate tax rate – a practice known as corporate inversion – has skyrocketed. The public outcry in 2014 against corporate inversions led the U.S. Treasury to release a series of new anti-inversion regulations, and more policy changes are in the process of being debated. At the same time as this national discussion on the harmful effects corporate inversions have on the U.S. tax base is progressing, the Organization for Economic Cooperation and Development (OECD) is in …
Price Discovery And Futures Spreads For U.S. And Chinese Rice Futures Market,
2014
University of Arkansas, Fayetteville
Price Discovery And Futures Spreads For U.S. And Chinese Rice Futures Market, Wei Yang
Graduate Theses and Dissertations
Rice, the primary staple food for more than half the world's population, is the second world's most consumed food grain. In recent years, world rice price has increased and become more volatile especially in the period 2007-2010. Rice price volatility has a huge impact on Asian countries, especially countries in Southeast Asia where rice is a staple food for millions of households. Private market tools to manage price risk and discover price such as futures markets have been analyzed and assessed as possible solutions to coping with rice price volatility issue. Two primary functions of agricultural commodities futures markets are …
International City/County Management Association 1999 Revenue Estimation Survey Revisited,
2014
University of Nevada, Las Vegas
International City/County Management Association 1999 Revenue Estimation Survey Revisited, Benjamin Bond
UNLV Theses, Dissertations, Professional Papers, and Capstones
In 1899 the National Municipal League declared that it was the duty of the Mayor to submit to the Council the annual budget of current expenses of the city, for almost as long, the budgeting process has been researched (Hou, 2006). Researching budgets is important and needed but comparatively little attention has been paid to revenue forecasts or to those responsible for the generation of revenue forecasts. Professional public administrators responsible for generating revenue forecasts have largely been overlooked in research. Judging by the lack of scholarly material available in academic journals, it appears the political process in which budget …
Empirical Studies On Interest Rate Derivatives,
2014
University of Nevada, Las Vegas
Empirical Studies On Interest Rate Derivatives, Xudong Sun
UNLV Theses, Dissertations, Professional Papers, and Capstones
Interest rate models are the building blocks of financial market and the interest rate derivatives market is the largest derivatives market in the world. In this dissertation, we shall focus on numerical pricing of interest rate derivatives, estimating model parameters by Kalman filter, and studying various models empirically. We shall propose a front-fixing finite element method to price the American put option under the quadratic term structure framework and compare it with a trinomial tree method and common finite element method. Numerical test results show the superiority of our front-fixing finite element method in the aspects of computing the option …
Two Essays On Governance At The National And Corporate Level,
2014
Nova Southeastern University
Two Essays On Governance At The National And Corporate Level, Laura Savory Miller
HCBE Theses and Dissertations
ESSAY 1
We examine the effect of governance environment on the composition of a country's external capital structure, specifically foreign equity investment. In addition to the absolute quality of the host country's governance environment, we consider the host country's governance quality relative to that of the source (investor) country. Unlike previous studies, which utilize country totals, we examine foreign investment positions between pairs of individual countries. Our sample includes 3,891 bilateral investment positions among 49 source countries and 69 host countries for years 2009 through 2011. We find that relative governance, rather than absolute governance, plays a role in foreign …
A Closer Look At The Impact Of Quantitative Easing On The Capital Markets: Garch Analysis Of The Exchange Traded Funds Market,
2014
Hood College
A Closer Look At The Impact Of Quantitative Easing On The Capital Markets: Garch Analysis Of The Exchange Traded Funds Market, Nicholas R. Duafala
Undergraduate Economic Review
This paper analyzes the effects of quantitative easing (QE) on the capital markets by modeling exchange traded funds (ETFs) returns using a generalized autoregressive conditional heteroskedasticity (GARCH) methodology. The results show that the 10-Year Treasury yields are significant in the returns of some sectors of the economy more so than others, and the Federal Funds Futures trading volume is significant in all ETFs return volatility. The implications of these results not only provide information about the reaction of the ETF market and QE, but also provide insight for developing investment strategies.
Raising The Bar 2: Challenges To Productivity Initiatives In The Finance And Accounting Function,
2014
Singapore Management University
Raising The Bar 2: Challenges To Productivity Initiatives In The Finance And Accounting Function, Clarence Goh
Research Collection School Of Accountancy
Faced with a tightening labour supply, raising productivity has become an increasingly important issue for manybusinesses in Singapore. To understand how this impacts on the F&A functions of businesses, the Instituteof Singapore Chartered Accountants (ISCA) collaborated with Robert Half to survey over 550 senior financeexecutives in Singapore and also the region to understand the focus of F&A functions of businesses andcorporations regarding raising productivity and effectiveness. Our findings are presented in a series of three reportswith the following themes – (1) Trends in implementing productivity initiatives, (2) Challenges faced in implementingproductivity initiatives, and (3) Essential skills and training needed to …
Exchange Rate Policy And Economic Management: A Theoretical Nexus,
2014
Central Bank of Nigeria
Exchange Rate Policy And Economic Management: A Theoretical Nexus, Ayodele Jimoh
Economic and Financial Review
This article focused on exchange rate policy and economic management: a theoretical nexus
Ceo Optimism And Incentive Compensation,
2014
Singapore Management University
Ceo Optimism And Incentive Compensation, Clemens A. Otto
Research Collection Lee Kong Chian School Of Business
I study the effect of chief executive officer (CEO) optimism on CEO compensation. Usingdata on compensation in US firms, I provide evidence that CEOs whose option exercisebehavior and earnings forecasts are indicative of optimistic beliefs receive smaller stockoption grants, fewer bonus payments, and less total compensation than their peers. Thesefindings add to our understanding of the interplay between managerial biases andremuneration and show how sophisticated principals can take advantage of optimisticagents by appropriately adjusting their compensation contracts.
Mutual Funds And Information Diffusion: The Role Of Country-Level Governance,
2014
Singapore Management University
Mutual Funds And Information Diffusion: The Role Of Country-Level Governance, Chunmei Lin, Massimo Massa, Hong Zhang
Research Collection Lee Kong Chian School Of Business
We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semipublic information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semipublic information-related stock rebalancing can be five times higher in countries with the worst quality of governance than in countries with the best. The use of semipublic information increases price informativeness but also increases information asymmetry and reduces stock liquidity. It also intensified the price impact and liquidity crunch during the recent global financial crisis.
Downstream Securities Regulation,
2014
Chicago-Kent College of Law
Downstream Securities Regulation, Anita Krug
All Faculty Scholarship
Securities regulation wears two hats. Its “upstream” side governs firms in connection with their obtaining financing in the securities markets. That is, it regulates firms’ and issuers’ offers and sales of securities, whether in public offerings to retail investors or in private offerings to institutional investors. Its “downstream” side, by contrast, governs financial services providers, who assist with investors’ activities in those markets. Their services include providing advice regarding securities investments, as investment advisers do; aggregating investors’ assets for purposes of enabling those investors to invest their assets collectively, as mutual funds do; and acting as “middlemen” between buyers and …
Women Directors On Public Company Boards: Does A Critical Mass Affect Leverage?,
2014
Ursinus College
Women Directors On Public Company Boards: Does A Critical Mass Affect Leverage?, Cindy K. Harris
Business and Economics Faculty Publications
This study examines the relationship between corporate leverage (the ratio of total debt to total assets) and gender diversity on US public company boards, with particular focus on boards that have at least 25% women directors. Using this critical mass of women eliminates from consideration boards with lesser female representation, whose female directors may be marginalized in their contributions to board functioning and decision-making. I hypothesize that when boards have this minimum threshold of gender diversity, the influence of risk-averse female directors will impact board decisions related to financing, resulting in lower debt ratios when compared to boards with no …
Economic Impact Of The Arkansas Research And Technology Park,
2014
University of Arkansas, Fayetteville
Economic Impact Of The Arkansas Research And Technology Park, Katherine A. Deck, Mervin Jebaraj
Publications and Presentations
Construction of the Arkansas Research and Technology Park (ARTP) began in 2003 and operations commenced in 2004. For ten years, the ARTP has been impacting the economy of the state of Arkansas in two primary ways. First, the operation of the ARTP enabled the business expenditures of its tenants. Second, there were direct expenditures on one-time construction activities in building the infrastructure of the ARTP. This report considers the overall impact of the ARTP from the beginning of construction to 2014. Over that period, the ARTP impact has been more than a half billion dollars in the Arkansas economy.
Mexico Consensus Economic Forecast, Volume 17, Number 4,
2014
University of Texas at El Paso
Mexico Consensus Economic Forecast, Volume 17, Number 4, Thomas M. Fullerton Jr., Adam G. Walke
Departmental Papers (E & F)
No abstract provided.
Microfinance Et Développement Au Cameroun : L’Efficacité De La Mc2 Dans La Communauté Agricole De Batoufam,
2014
SIT Study Abroad
Microfinance Et Développement Au Cameroun : L’Efficacité De La Mc2 Dans La Communauté Agricole De Batoufam, Elisabeth Hansen
Independent Study Project (ISP) Collection
The agriculture sector in Cameroon remains underdeveloped, and many farmers continue to suffer a lack of means. Given the debate concerning the efficacy of microfinance as a solution,this study aimed to examine the efficacy of a microfinance institution, La Mutuelle Communautaire de Croissance (MC2) in Batoufam, a rural agricultural village in Cameroon. In recent years, MC2s have become very popular in Cameroon; however, there is not yet a thorough study on the efficacy of the MC2 of Batoufam. Through interviewing farmers, the Chief of Batoufam, the employees of MC2 and of the NGO Appropriate …
المحاسبة الضريبية ( أطرها القانونية وتطبيقاتها العملية في العراق),
2014
جامعة المثنى - كلية الادارة والاقتصاد
المحاسبة الضريبية ( أطرها القانونية وتطبيقاتها العملية في العراق), سعود جايد مشكور, نجم عبد عليوي الكرعاوي, قاسم محمد عبد الله البعاج
Muthanna Journal of Administrative and Economics Sciences
يعد النظام الضريبي من الوسائل المهمة التي تمنح الدولة قوة التأثير على الانشطة الاقتصادية والاجتماعية والمالية بهدف تحقيق التنمية بكافة جوانبها المتنوعة ،إذ يؤدي هذا النظام وفي مختلف الاقتصاديات وظائف عديدة بعضها يتعلق بتحديد الفائض الاقتصادي وتوجيهه نحو منحى الاستثمار وبعضها يتعلق بإعادة توزيع اكثر عدالة للدخل القومي، وتعد السياسة الضريبية ونظامها من أهم الوسائل التي تمنح الدولة القدرة على التأثير في النشاط الاقتصادي ، وهذا اثبتته بعد عام 2003 م حصيلة الايرادات الضريبية التي اصبحت تساند الايرادات النفطية في تمويلها الموازنة العامة للدولة من جهة ولتصبح الضرائب موجهة للنشاط الاقتصادي باتجاه اقتصاد السوق.يعتمد النظام الضريبي في العراق بشكل عام …
Managing The Accounting And Finance Function – Productivity Trends And Focus,
2014
Singapore Management University
Managing The Accounting And Finance Function – Productivity Trends And Focus, Clarence Goh
Research Collection School Of Accountancy
We found that firms in Singapore, HongKong, Japan, and China tend to favourstaff-related initiatives over processrelatedones when looking to raiseproductivity, with this being relativelymore prominent in the more developedeconomies of Singapore, Hong Kongand Japan.
