A Forensic Analysis Of Global Imbalances,
2011
University of Wisconsin-Madison
A Forensic Analysis Of Global Imbalances, Menzie David Chinn, Barry Eichengreen, Hiro Ito
Economics Faculty Publications and Presentations
We examine whether the behavior of current account balances changed in the years preceding the global crisis of 2008-09, and assess the prospects for global imbalances in the post-crisis period. Changes in the budget balance are an important factor affecting current account balances for deficit countries such as the U.S. and the U.K. The effect of the “saving glut variables” on current account balances has been relatively stable for emerging market countries, suggesting that those factors cannot explain the bulk of their recent current account movements. We also find the 2006-08 period to constitute a structural break for emerging market …
Subsidizing The Rich,
2011
Institute of Business Administration, Karachi, Pakistan
Subsidizing The Rich, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
A progressive state caters to the needs of those, who are unable to generate adequate incomes and forced to live in subhuman conditions. Targeted subsidies to the poor are seen as an integral part of the state policy for promoting equity within a society. To finance these subsidies, the rich pay taxes. What is ironical in Pakistan is the role reversal — as those who should be financing subsidy to the needy, are its beneficiaries. First, they evade taxes on their income and then, they also receive bulk of subsidies and concessions to which they are least entitled. The only …
On Equitable Social Welfare Functions Satisfying The Weak Pareto Axioma Complete Characterization,
2011
Montclair State University
On Equitable Social Welfare Functions Satisfying The Weak Pareto Axioma Complete Characterization, Ram Dubey, Tapan Mitra
Department of Economics Faculty Scholarship and Creative Works
The present paper examines the problem of aggregating infinite utility streams with a social welfare function that respects the Anonymity and Weak Pareto Axioms. The paper provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare function satisfying the Anonymity and Weak Pareto Axioms exists on precisely those domains that do not contain any set of the order typeof the set of positive and negative integers. The criterion is applied to decide on possibility and impossibility results for a variety of domains. It is also used to provide an …
Sources And Application Of Funds In Non Interest Banking Regime,
2011
Central Bank of Nigeria
Sources And Application Of Funds In Non Interest Banking Regime, A. S. Abdulkarim
Bullion
The concept of Islamic finance is a new phenomenon in Nigeria. At present there are over 300 Islamic Banks that are operational throughout the world. Like conventional banks, Islamic banks also needs funds to operate its banking activities.This paper explores the sources and application of funds in non-interest banking regime. Sources of funds to include deposits, deposits from other Islamic banks, banks equity, Islamic investment funds and placement from bank treasury.
The Role Of Non-Interest Banking In National Economic Development,
2011
University of Ilorin, Kwara
The Role Of Non-Interest Banking In National Economic Development, Hakeem Ishola Mobolaji
Bullion
The paper examines non-interest Banking model that operates devoid of interest in lending, financing, deposit-taking and all forms of financial intermediation. Hence, the bank becomes an important financial institution for enhancing growth and development in an economy. The article is divided into five section, the first being the introduction, section two contains the conceptual framework, three highlights non-interest banking in Nigeria and four concludes the paper.
Money, Bargaining, And Risk Sharing,
2011
Singapore Management University
Money, Bargaining, And Risk Sharing, Nicolas L. Jacquet, Serene Tan
Research Collection School Of Economics
We investigate the dual role of money as a self-insurance device and a means of payment when perfect risk sharing is not possible, and when the two roles of money are disentangled. We use a variant of Lagos–Wright (2005) where agents face a risk in the centralized market (CM): in the decentralized market (DM) money’s main role is as a means of payment, while in the CM it is as a self-insurance device. We show that state-contingent inflation rates can improve agents’ ability to self-insure in the CM, thereby improving the terms of trade in the DM. We then characterize …
Research On The Impact Of Container Freight Derivatives On Shipping,
2011
World Maritime University
Research On The Impact Of Container Freight Derivatives On Shipping, Zhenle Shen
World Maritime University Dissertations
No abstract provided.
Research On Capacity Development Plan Of Wenzhou Shipping Company,
2011
World Maritime University
Research On Capacity Development Plan Of Wenzhou Shipping Company, Xinlei Chen
World Maritime University Dissertations
No abstract provided.
Study On Ship Investment Risk : Uo Company As An Example,
2011
World Maritime University
Study On Ship Investment Risk : Uo Company As An Example, Yichen Chen
World Maritime University Dissertations
No abstract provided.
Marketing Model Of Freight Forwarding Basing On Information Technology,
2011
World Maritime University
Marketing Model Of Freight Forwarding Basing On Information Technology, Yang Li
World Maritime University Dissertations
No abstract provided.
Process Optimization In Freight Forwarding Industry,
2011
World Maritime University
Process Optimization In Freight Forwarding Industry, Xiaohua Shi
World Maritime University Dissertations
No abstract provided.
An Investigation Of Shipping Derivatives Based On Risk Evaluation,
2011
World Maritime University
An Investigation Of Shipping Derivatives Based On Risk Evaluation, Sheng Yang
World Maritime University Dissertations
No abstract provided.
The Application Of Portfolio Theory In Shipping Assets And Business For Shipping Company,
2011
World Maritime University
The Application Of Portfolio Theory In Shipping Assets And Business For Shipping Company, Ying Zheng
World Maritime University Dissertations
No abstract provided.
Liner Shipping Lane Planning From Shanghai Port To Guangzhou Port Of Shanghai Baoyin Shipping Co., Ltd,
2011
World Maritime University
Liner Shipping Lane Planning From Shanghai Port To Guangzhou Port Of Shanghai Baoyin Shipping Co., Ltd, Zhujun Zhou
World Maritime University Dissertations
No abstract provided.
Impact Of Agricultural Profitability, Productivity And Interest Rate On Farmland Value For Selected U.S. And Slovak States,
2011
University of Arkansas, Fayetteville
Impact Of Agricultural Profitability, Productivity And Interest Rate On Farmland Value For Selected U.S. And Slovak States, Maria Majerhoferova
Graduate Theses and Dissertations
This thesis examines agricultural factors which may have impact on agricultural land values. Based on theory, three primary factors are considered to have an impact on land value: agricultural productivity, agricultural profitability and interest rate. The study is of two countries: the US, where data are from 16 states and Slovakia with 6 states. The ten-year period from 2000 until 2009 is used in the analysis. A capitalization model is used to estimate the relationship between agricultural productivity, profitability and interest rate and land value. Three types of agricultural land are used: cropland and its value in relationship with crops, …
Three Essays On Opacity, Corporate Governance, And Credit Ratings,
2011
University of Arkansas, Fayetteville
Three Essays On Opacity, Corporate Governance, And Credit Ratings, Yiwen Gu
Graduate Theses and Dissertations
In the first essay, utilizing a more recent and expanded 20-year sample 1991-2010 of dual-rated bonds issued, I confirm Morgan's (2002) finding that banks are relatively more opaque than nonbanks. The likelihood of a rating split is higher, and the magnitude of the rating gap is larger, for banks than nonnbanks. Moreover, rating agency disagreements are more significant for banks with relatively higher loan and trading securities holdings and maintain lower capital, and for banks engaged in mortgage securitization. Importantly, I find that rating agency disagreements reflect market proxies of information uncertainty. Further, opacity makes external financing more costly. Equity …
An Impact Evaluation Of U.S. Arms Export Controls On The U.S. Defense Industrial Base An Interrupted Time-Series Analysis,
2011
University of Central Florida
An Impact Evaluation Of U.S. Arms Export Controls On The U.S. Defense Industrial Base An Interrupted Time-Series Analysis, Aaron Condron
HIM 1990-2015
The United States Defense Industrial Base (USDIB) is an essential industry to both the economic prosperity of the US and its strategic control over many advanced military systems and technologies. The USDIB, which encompasses the industries of aerospace and defense, is a volatile industry - prone to many internal and external factors that cause demand to ebb and flow widely year over year. Among the factors that influence the volume of systems the USDIB delivers to its international customers are the arms export controls of the US. These controls impose a divergence from the historical US foreign policy of furthering …
Anatomy Of A Financial Center's Global Competitiveness In The Context Of Michael Porter's Model Of National Competitive Advantage A Theoretical Analysis,
2011
University of Central Florida
Anatomy Of A Financial Center's Global Competitiveness In The Context Of Michael Porter's Model Of National Competitive Advantage A Theoretical Analysis, Josef Joachim L. Magpantay
HIM 1990-2015
Throughout history, a number of financial centers have risen and fallen. While the significance of some centers have deteriorated, a small number of centers have emerged as today's leading financial centers by meeting a specific set of necessary conditions needed to successfully address the growing financial needs of the regions they are located. Furthermore, an even smaller number of financial centers have been able to sustain and expand their initial dominance in the financial industry by continuously satisfying a more focused set of conditions and factors. This thesis focuses on adapting Michael Porter's Diamond Model in determining, clustering, and expanding …
Marketing Margins Of Strawberries 2006-2010 Shipping Point-Terminal-Retail Price,
2011
University of Arkansas, Fayetteville
Marketing Margins Of Strawberries 2006-2010 Shipping Point-Terminal-Retail Price, Matej Mikle Barat
Graduate Theses and Dissertations
This thesis examines vertical price relationships for fresh strawberries. Specifically, the focus is on three stages of the vertical chain. The first stage is the shipping point. Shipping points represent major strawberry production regions and are the closest price point to the farm. The second stage is the terminal market. Terminal markets are wholesale markets in major US cities. The third stage is the retail level. Retail level prices are measured as average supermarket prices in the same cities for which terminal market prices are available. Using weekly data, markup equations are estimated from upstream to downstream levels of the …
Grey Market For Indian Ipos: Investor Sentiment And After-Market Performance,
2011
Singapore Management University
Grey Market For Indian Ipos: Investor Sentiment And After-Market Performance, Chandrasekhar Krishnamurti, Tiong Yang Thong, Vishwanath Ramanna
Research Collection Lee Kong Chian School Of Business
Extant research on developed markets shows that investor sentiment is a prominent feature in IPO grey markets. There is sparse work in the context of emerging markets. We fill this lacuna by studying the working of the Indian IPO market. We consider this work interesting and relevant for the following reasons. First, grey market trading always involves short-selling as securities are not yet available. Since legal and institutional environment is less developed in emerging markets, the functioning of grey markets is of interest to policy makers and financial economists. Second, retail investors participate to a greater extent in IPOs of …
