Cross Country Consumption Risk Sharing A Long Run Perspective

Author : Mr.Zhaogang Qiao
Publisher : International Monetary Fund
Page : 48 pages
File Size : 51,5 Mb
Release : 2010-03-01
Category : Business & Economics
ISBN : 9781451982084

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Cross-country Consumption Risk Sharing, a Long-run Perspective by Mr.Zhaogang Qiao Pdf

This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing literature on consumption risk sharing, which is mainly about risks at business cycle frequency. Since our methodology focuses on identifying cointegrating relationships while allowing for arbitrary short-run dynamics, we can obtain a consistent estimate of long-run risk sharing while disregarding any short-run nuisance factors. Our results show that long-run risk sharing in OECD countries increased more than that in EM countries during the past two decades.

Author : Azura Othman,Norhanim Mat Sari,Syed Othman Alhabshi,Abbas Mirakhor
Publisher : Springer
Page : 293 pages
File Size : 48,7 Mb
Release : 2017-10-10
Category : Business & Economics
ISBN : 9781137531599

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Macroeconomic Policy and Islamic Finance in Malaysia by Azura Othman,Norhanim Mat Sari,Syed Othman Alhabshi,Abbas Mirakhor Pdf

This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the universal principles of social justice espoused in the objectives of the Shariah. It attempts to holistically analyze issues related to public finance, which has been criticized for lack of transparency and justice in wealth distribution. This book explores these criticisms and discusses the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion. The book will be of interest to students, policymakers, financial institutions, researchers, ministries of finance, central banks, securities commissions, and anyone interested in alternative economic paradigms.

Author : Wolfgang Bessler,Wolfgang Drobetz,Chris Adcock
Publisher : Routledge
Page : 248 pages
File Size : 40,8 Mb
Release : 2013-08-21
Category : Business & Economics
ISBN : 9781317979791

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Asset Management and International Capital Markets by Wolfgang Bessler,Wolfgang Drobetz,Chris Adcock Pdf

This innovative volume comprises a selection of original research articles offering a broad perspective on various dimensions of asset management in an international capital market environment. The topics covered include risk management and asset pricing models for portfolio management, performance evaluation and performance measurement of equity mutual funds as well as the wide range of bond portfolio management issues. Asset Management and International Capital Markets offers interesting new insights into state-of-the-art asset pricing and asset management research with a focus on international issues. Each chapter makes a valuable contribution to current research and literature, and will be of significant importance to the practice of asset management. This book is a compilation of articles originally published in The European Journal of Finance.

Author : Yin-Wong Cheung,Jakob de Haan
Publisher : MIT Press
Page : 473 pages
File Size : 43,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780262018234

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The Evolving Role of China in the Global Economy by Yin-Wong Cheung,Jakob de Haan Pdf

China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.

Author : Gita Gopinath,Elhanan Helpman,Kenneth Rogoff
Publisher : Elsevier
Page : 773 pages
File Size : 49,5 Mb
Release : 2014-02-22
Category : Business & Economics
ISBN : 9780444543158

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Handbook of International Economics by Gita Gopinath,Elhanan Helpman,Kenneth Rogoff Pdf

What conclusions can be drawn from recent advances in international trade and international macroeconomics? New datasets, theoretical models, and empirical studies have resulted in fresh questions about the world trade and payment system. These chapters--six on trade and six on international macroeconomics--reveal the richness that researchers have uncovered in recent years. The chapters on foreign trade present, among other subjects, new integrated multisector analytical frameworks, the use of gravity equations for the estimation of trade flows, the role of domestic institutions in shaping comparative advantage, and international trade agreements. On international macroeconomics, chapters explore the relation between exchange rates and other macroeconomic variables; risk sharing, allocation of capital across countries, and current account dynamics; and sovereign debt and financial crises. By addressing new issues while enabling deeper and sharper analyses of old issues, this volume makes a significant contribution to our understanding of the global economy. Systematically illuminates and interprets recent developments in research on international trade and international macroeconomics Focuses on newly developing questions and opportunities for future research Presents multiple perspectives on ways to understand the global economy

Author : Ay,se K. Üskül,Shigehiro Oishi
Publisher : Oxford University Press
Page : 336 pages
File Size : 53,9 Mb
Release : 2018-02-28
Category : Psychology
ISBN : 9780190492922

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Socio-Economic Environment and Human Psychology by Ay,se K. Üskül,Shigehiro Oishi Pdf

Edited by Ay,se K. Üskül and Shigehiro Oishi, Socio-Economic Environment and Human Psychology focuses on the social and economic conditions that impact on every aspect of an individual's life cycle. This edited collection showcases a variety of approaches to the study of the role of the social and economic environment in human psychological processes, such as: judgment and decision-making, trust, the self, and happiness. Further, it brings together state-of-the-art research from the fields of psychology, anthropology, economics, epidemiology, and evolutionary science. Illuminating how individuals think, feel, and behave in response to the social and economic conditions and settings that shape our daily lives, contributors to this volume explore the role played by economic conditions (wealth, scarcity, disasters); economic change (urbanization, socio-economic mobility); and the type of economic activity or structure (farming, herding, market economy) in the shaping of different psychological processes. As a result, the findings presented in this volume provide readers with important policy implications that have the potential to help to improve the psychological health of citizens at large.

Author : Anonim
Publisher : Peterson Institute
Page : 394 pages
File Size : 53,8 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9780881325560

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Financial Globalization, Economic Growth, and the Crisis of 2007-2009 by Anonim Pdf

Author : Lars Jonung
Publisher : Taylor & Francis
Page : 464 pages
File Size : 41,8 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9781857434866

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Building the Financial Foundations of the Euro: Experiences and Challenges by Lars Jonung Pdf

Examines the effect of the introduction of the Euro and the establishment of economic and monetary union on the financial landscape of Europe.

Author : Max Watson,Lars Jonung
Publisher : Routledge
Page : 464 pages
File Size : 52,7 Mb
Release : 2009-12-16
Category : Business & Economics
ISBN : 9781135354992

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Building the Financial Foundations of the Euro by Max Watson,Lars Jonung Pdf

First Published in 2008. Routledge is an imprint of Taylor & Francis, an informa company.

Author : Takatoshi Ito,Anne O. Krueger
Publisher : University of Chicago Press
Page : 466 pages
File Size : 46,5 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226386935

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Changes in Exchange Rates in Rapidly Developing Countries by Takatoshi Ito,Anne O. Krueger Pdf

The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.

Author : Fabio Canova,Morten O. Ravn
Publisher : Unknown
Page : 52 pages
File Size : 42,5 Mb
Release : 1993
Category : Consumption (Economics)
ISBN : STANFORD:36105071863802

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International Consumption Risk Sharing by Fabio Canova,Morten O. Ravn Pdf

Author : Mr.Ayhan Kose,Mr.Julian Di Giovanni,Mr.Andre Faria,Mr.Martin Schindler,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro,Mr.Jonathan David Ostry,Mr.Marco Terrones
Publisher : International Monetary Fund
Page : 46 pages
File Size : 43,5 Mb
Release : 2008-12-16
Category : Business & Economics
ISBN : 9781589067486

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Reaping the Benefits of Financial Globalization by Mr.Ayhan Kose,Mr.Julian Di Giovanni,Mr.Andre Faria,Mr.Martin Schindler,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro,Mr.Jonathan David Ostry,Mr.Marco Terrones Pdf

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy.

Author : Anonim
Publisher : Springer
Page : 7493 pages
File Size : 40,8 Mb
Release : 2016-05-18
Category : Law
ISBN : 9781349588022

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The New Palgrave Dictionary of Economics by Anonim Pdf

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Author : Sascha O. Becker,Mathias Hoffmann
Publisher : Unknown
Page : 44 pages
File Size : 45,8 Mb
Release : 2001
Category : Capital market
ISBN : UCSD:31822029910163

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International Risk Sharing in the Short Run and in the Long Run by Sascha O. Becker,Mathias Hoffmann Pdf

Author : Anonim
Publisher : Academic Press
Page : 547 pages
File Size : 42,9 Mb
Release : 2012-12-31
Category : Business & Economics
ISBN : 9780123978783

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Handbook of Safeguarding Global Financial Stability by Anonim Pdf

Political and social forces exert pressure on our globalized economy in many forms, from formal and informal policies to financial theories and technical models. Our efforts to shape and direct these forces to preserve financial stability reveal much about the ways we perceive the financial economy. The Handbook of Safeguarding Global Financial Stability examines our political economy, particularly the ways in which these forces inhabit our institutions, strategies, and tactics. As economies expand and contract, these forces also determine the ways we supervise and regulate. This high-level examination of the global political economy includes articles about specific countries, crises, and international systems as well as broad articles about major concepts and trends. Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and research Rapidly developing subjects will interest readers well into the future