Information Spillover Effect and Autoregressive Conditional Duration Models

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Publisher : Routledge
ISBN 13 : 1317667662
Total Pages : 229 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Information Spillover Effect and Autoregressive Conditional Duration Models by : Xiangli Liu

Download or read book Information Spillover Effect and Autoregressive Conditional Duration Models written by Xiangli Liu and published by Routledge. This book was released on 2014-07-11 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the information spillover among financial markets and explores the intraday effect and ACD models with high frequency data. This book also contributes theoretically by providing a new statistical methodology with comparative advantages for analyzing comovements between two time series. It explores this new method by testing the information spillover between the Chinese stock market and the international market, futures market and spot market. Using the high frequency data, this book investigates the intraday effect and examines which type of ACD model is particularly suited in capturing financial duration dynamics. The book will be of invaluable use to scholars and graduate students interested in comovements among different financial markets and financial market microstructure and to investors and regulation departments looking to improve their risk management.

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Author :
Publisher : Springer Nature
ISBN 13 : 9464635460
Total Pages : 454 pages
Book Rating : 4.4/5 (646 download)

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Book Synopsis by :

Download or read book written by and published by Springer Nature. This book was released on with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Industrial Organization

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Publisher : North Holland
ISBN 13 :
Total Pages : 1002 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Handbook of Industrial Organization by : Richard Schmalensee

Download or read book Handbook of Industrial Organization written by Richard Schmalensee and published by North Holland. This book was released on 1989-09-11 with total page 1002 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determinants of firm and market organization; Analysis of market behavior; Empirical methods and results; International issues and comparision; government intervention in the Marketplace.

Two-Sided Market, R&D and Payments System Evolution

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Publisher : International Monetary Fund
ISBN 13 : 1484399625
Total Pages : 48 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Two-Sided Market, R&D and Payments System Evolution by : Bin Grace Li

Download or read book Two-Sided Market, R&D and Payments System Evolution written by Bin Grace Li and published by International Monetary Fund. This book was released on 2019-03-18 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market setting. We calibrate the model to the U.S. payment card data, and conduct welfare and policy analysis. Our analysis shows that the market power of electronic payment networks plays important roles in explaining the slow adoption and asymmetric price changes, and the welfare impact of regulations may vary significantly through the endogenous R&D channel.

Identifying Technology Spillovers and Product Market Rivalry

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Identifying Technology Spillovers and Product Market Rivalry by : Nicholas Bloom

Download or read book Identifying Technology Spillovers and Product Market Rivalry written by Nicholas Bloom and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Decisions

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Publisher : Springer Science & Business Media
ISBN 13 : 1461561957
Total Pages : 315 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Strategic Decisions by : Vassilis Papadakis

Download or read book Strategic Decisions written by Vassilis Papadakis and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past ten years, there has been growing interest in the process of strategic decision-making among both managers and researchers. Strategic decisions are important for five main reasons: They are large-scale, risky and hard to reverse; they are a bridge between deliberate and emerging strategies; they can be a major source of organizational learning; they play an important part in the development of individual managers and they cut accross functions and academic disciplines. Strategic Decisions summarizes the current state of the art in research on strategic decision-making, with chapters prepared by leading strategy researchers. The editors also present implications for current application and proposed directions for future research.

The Dual-Entity of Market Competition

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Publisher : Routledge
ISBN 13 : 1000504395
Total Pages : 306 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis The Dual-Entity of Market Competition by : Yunxian Chen

Download or read book The Dual-Entity of Market Competition written by Yunxian Chen and published by Routledge. This book was released on 2021-12-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the government and the market lies at the heart of Economics as a discipline. This title approaches this issue with a new lens termed mezzoeconomics—A branch of modern economics that mainly studies regional economic entities and the allocation of regional resources after they are generated. Combining mezzoeconomic theory with practice in the light of China’s Reform and Opening-up, the author analyzes the regional governments’ participation in market competition, the dual entities (enterprises and regional governments) of market competition, and a mature market economy featuring a strong form of effective government and efficient market. Three corresponding theories are proposed—the Regional Government Competition Theory, the Dual-Entity of Market Competition Theory (DEMC), and the “Double Strong Forms” Theory. The author hopes that these theories of mezzoeconomics can build a new, effective theoretical model and serve as a guidance for regional governments to reform and innovate their governance philosophy and policies. This book will be of keen interest to students and scholars of economics and regional governance.

Ex Post Evaluation of Competition Cases

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9403537507
Total Pages : 266 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Ex Post Evaluation of Competition Cases by : Assimakis Komninos

Download or read book Ex Post Evaluation of Competition Cases written by Assimakis Komninos and published by Kluwer Law International B.V.. This book was released on 2021-10-13 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition authorities use ex post evaluation of enforcement decisions to help determine if an intervention (or non-intervention) has achieved its objectives – and, if not, the reasons it failed to do so – thus allowing for improvement in the design and use of techniques used in the analysis underpinning the decision. In this essential volume, expert contributors use this procedure to provide a neutral and extensive assessment of cases that have significantly shaped European Union (EU) competition law enforcement. With in-depth analysis of foundational cases of EU competition law and the methodologies that have been developed over time to predict how enforcement decisions will affect competition, for each case the authors respond thoroughly to such questions as the following: Did the decision have an impact on the affected market? Did it improve consumer or social welfare? With the benefit of hindsight, were the factual assertions true? Were all the relevant theories of harm (and efficiency justifications) properly investigated? Was the decision able to deter similar anticompetitive behaviour? Did the decision provide clear guidance on which types of conduct should be deemed illegal? Industries covered include information technology (the Microsoft cases), payment cards (the Visa Europe 2010 Commitments Decision), pharmaceuticals, and conditional rebates (Michelin I, Michelin II and BA/Virgin). Also investigated are the role of buyer power in concentration cases and the relative strength of competition law enforcement versus regulation, where appropriate. In its accumulation of evidence from individual cases that have gradually improved our ability to grasp the connections between policy choices and the outcomes they lead to, this matchless volume has no peers. It constitutes an invaluable resource for competition authorities in performing ex post evaluations and will be welcomed by practitioners and academics concerned with European competition law.

Strategic Management Accounting in a Network Economy

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Publisher : Springer Nature
ISBN 13 : 9819952530
Total Pages : 332 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Strategic Management Accounting in a Network Economy by : Wingsun Li

Download or read book Strategic Management Accounting in a Network Economy written by Wingsun Li and published by Springer Nature. This book was released on with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

eCommerce Economics

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Publisher : Taylor & Francis
ISBN 13 : 1136821813
Total Pages : 497 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis eCommerce Economics by : David VanHoose

Download or read book eCommerce Economics written by David VanHoose and published by Taylor & Francis. This book was released on 2011-03-18 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of eCommerce Economics addresses the economic issues associated with using computer-mediated electronic networks, such as the Internet, as mechanisms for transferring ownership of or rights to use goods and services. After studying this book, students will recognize problems that arise in the electronic marketplace, such as how to gauge the competitive environment, what products to offer, how to market those products, and how to price those products. They also will understand the conceptual tools required to evaluate the proper scope of public policies relating to electronic commerce. Core topics covered in the book include the underpinning of electronic commerce and the application of basic economic principles, including the theories of perfect and imperfect competition, to the electronic marketplace. Building on this foundation, the book discusses virtual products, network industries, and business strategies and conduct. Additional key topics include Internet advertising, intellectual property rights in a digital environment, regulatory issues in electronic markets, public sector issues, online banking and finance, digital cash, international electronic trade, and the implications of e-commerce for aggregate economic activity.

Handbook of Industrial Organization

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Publisher : Elsevier
ISBN 13 : 0323988873
Total Pages : 782 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Handbook of Industrial Organization by : Kate Ho

Download or read book Handbook of Industrial Organization written by Kate Ho and published by Elsevier. This book was released on 2021-12-09 with total page 782 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists

Housing Market Spillovers

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Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Housing Market Spillovers by : Matteo Iacoviello

Download or read book Housing Market Spillovers written by Matteo Iacoviello and published by . This book was released on 2008 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Vulnerability, Spillover Effects, and Contagion

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Publisher : World Bank Publications
ISBN 13 : 9780821342282
Total Pages : 84 pages
Book Rating : 4.3/5 (422 download)

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Book Synopsis Financial Vulnerability, Spillover Effects, and Contagion by : Guillermo Perry

Download or read book Financial Vulnerability, Spillover Effects, and Contagion written by Guillermo Perry and published by World Bank Publications. This book was released on 1998-01-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is already a large and growing literature about the financial crises affecting several former star economic performers in Asia. Some analysis have focused on the mismanagement of the structure of foreign debt and economic policies, while others have focused on weaknesses ingrained in the domestic financial and banking sectors of these economies. This paper attempts to reconcile these alternative explanations in a simple framework, where the causes and symptoms of "financial vulnerability" are distinguished.

Spillovers from United States Monetary Policy on Emerging Markets

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Publisher : International Monetary Fund
ISBN 13 : 149832245X
Total Pages : 30 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Spillovers from United States Monetary Policy on Emerging Markets by : Mr.Jiaqian Chen

Download or read book Spillovers from United States Monetary Policy on Emerging Markets written by Mr.Jiaqian Chen and published by International Monetary Fund. This book was released on 2014-12-24 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of monetary policy in large advanced countries on emerging market economies—dubbed spillovers—is hotly debated in global and national policy circles. When the U.S. resorted to unconventional monetary policy, spillovers on asset prices and capital flows were significant, though remained smaller in countries with better fundamentals. This was not because monetary policy shocks changed (in size, sign or impact on stance). In fact, the traditional signaling channel of monetary policy continued to play the leading role in transmitting shocks, relative to other channels, affecting longer-term bond yields. Instead, we find that larger spillovers stem more from structural factors, such as the use of new instruments (asset purchases). We obtain these results by developing a new methodology to extract, separate, and interpret U.S. monetary policy shocks.

Geopolitical Risk, Sustainability and “Cross-Border Spillovers” in Emerging Markets, Volume I

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Publisher : Springer Nature
ISBN 13 : 3030714152
Total Pages : 401 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Geopolitical Risk, Sustainability and “Cross-Border Spillovers” in Emerging Markets, Volume I by : Michael I. C. Nwogugu

Download or read book Geopolitical Risk, Sustainability and “Cross-Border Spillovers” in Emerging Markets, Volume I written by Michael I. C. Nwogugu and published by Springer Nature. This book was released on 2021-08-30 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic recessions, social networks, environmental damage in several large countries (eg. China, Brazil, U.S.), the Global Financial Crisis of 2007-2015 and cross-border spillovers continue to significantly affect economic systems, financial markets, social structures and environmental compliance worldwide. These have rekindled economists’ and policy-makers’ interest in the relationships among constitutions, risk regulation, foreign aid, political systems, government size, credit expansion and sustainable growth. Risk regulation remains highly ineffective as manifested by the failures of new financial regulations and government stimulus programs that were implemented during 2007-2020 in many developed countries and emerging markets countries. This book, the first of two volumes, addresses these issues in the context of the role of constitutional economics and economic psychology as tools for national and global sustainable growth and risk management. Furthermore, this volume analyzes the often symbiotic relationship between alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents on one hand, and sustainable growth, financial regulation and the risk management of financial institutions on the other; and reviews the effects of constitutions and legal institutions on market dynamics (real estate; fixed-income, stocks; etc.) including volatility, market depth and liquidity. This book will help researchers develop better artificial intelligence and decision-systems models of geopolitical risk, public policy and international capital flows, all of which are increasingly relevant to investment managers, boards-of-directors and government officials.

2014 Spillover Report

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Publisher : International Monetary Fund
ISBN 13 : 1498343201
Total Pages : 107 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis 2014 Spillover Report by : International Monetary Fund

Download or read book 2014 Spillover Report written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-06-25 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy at this juncture. Two key trends are highly relevant here. First, signs of self-sustaining recovery in some advanced economies indicate that the unwinding of exceptional monetary accommodation will proceed and lead to a tightening of global financial conditions in the coming years. An uneven recovery, though, suggests normalization will proceed at different times in different countries, with possible spillover implications. Second, growth in emerging markets is slowing on a broad basis since its precrisis peak and can carry noticeable spillover effects at the global level. Model code and programs used for the spillover simulations can be made available. Data used for the empirical analysis can be made available unless restricted by copyright or confidentiality issues.

Spillovers from Russia to Neighboring Countries: Transmission Channels and Policy Options

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Spillovers from Russia to Neighboring Countries: Transmission Channels and Policy Options by : Shant Arzoumanian

Download or read book Spillovers from Russia to Neighboring Countries: Transmission Channels and Policy Options written by Shant Arzoumanian and published by International Monetary Fund. This book was released on 2023-09-08 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies how output fluctuations in Russia are transmitted internationally. Using vector autoregression (VAR) and dynamic panel models, the paper finds that Russia’s output fluctuations are an important driver of output fluctuations of countries in the region, especially for oil importers, and are transmitted increasingly via trade and market confidence channels. The magnitude of cross-border spillovers is larger for countries with relatively high bilateral trade concentration, low export diversification, and weak external buffers. The paper also finds evidence that stronger public institutional quality- especially in the fiscal area- may help insulate countries from volatility in the Russian sovereign debt market.