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598 records found in 30 pages. Page: 1 2 3 4 5 6 7 8 9 10 11
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Federal Reserve Board of Governors International Finance Discussion Papers 645: The Contributions of Domestic and External Factors to Latin American Devaluation Crises: An Early Warning Systems Approach
  URL: http://www.bog.frb.fed.us/pubs/ifdp/1999/645/ifdp645.pdf
  In this paper, the authors develop modified "early warning system" (EWS) approach to identifying the roles of domestic and external factors in Latin America’s crises. Several probit models of balance-of-payments crises, based on different identified sets of crisis dates, were estimated for six Latin American countries. These models were then used to identify the separate contributions to the probabilities of crisis of domestic and external variables. The basic finding is that, when the effect of adverse external shocks is removed from the simulated probabilities of devaluation in Latin America, the resultant simulated devaluation probabilities are still high. Taken at face value, these results indicate that devaluation crises in Latin America primarily have been a function of domestic policy and economic imbalances, with exogenous external factors playing only a secondary role. All else equal, this suggests that the adoption of strongly fixed exchange rate regimes in the region may not be too costly in terms of diminished ability to respond to exogenous external shocks.
  699 visits has been made through our site.
 
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CAP@Columbia [.pdf]
  URL: http://www.capatcolumbia.com/
  Created by professors Paul Johnson and Michael Mauboussin of The Graduate School of Business at Columbia University, CAP@Columbia features resources from Columbia's securities analysis and investment courses. The authors have divided securities analysis into four sections: Capital Market Theory, Business Economics and Competitive Advantage, Valuation, and Rational Decision Making. Within each section, there is a short definition of each term and links leading to related articles written by Johnson and Mauboussin. While some of the reports and articles date as far back as 1997, the site is updated frequently, with new information highlighted on the homepage.
  698 visits has been made through our site.
 
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Bank of International Settlements Working Paper 76: The price of risk at year-end: evidence from interbank lending
  URL: http://www.bis.org/publ/work76.pdf
  This paper analyses Risk premia on overnight interbank loans increase by a factor of 13 at year-end. Further, this finding is not consistent with common theories of similar year-end anomalies in other money markets. In particular, seasonal liquidity demands seem to explain only a fraction of the effect. Although evidence of year-end window dressing is found in the interbank market, such activity cannot explain the change in pricing behaviour because information about the risk of interbank loans is never publicly disclosed.
  698 visits has been made through our site.
 
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World Development Sources [TMS Sequoia]
  URL: http://www-wds.worldbank.org/
  World Development Sources is the "digital repository" of World Bank documents. It houses a searchable database of development -related reports produced since 1988 by the World Bank. These include Staff Appraisal Reports (SARs), World Bank President's Reports and Memoranda, Economic and Sector Work, Evaluation Reports and Studies, and Global Environment Facility (GEF) and Montreal Protocol Project documents. It also contains working papers and publications produced by the World Bank since 1993. All of these paperscan be viewed online using the TMS Sequoia plug-in (available at the sitefor Windows and Macintosh).
  696 visits has been made through our site.
 
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Environment and Trade: A Handbook [.pdf] -- IISD
  URL: http://iisd.ca/trade/handbook/
  This new 84-page guide from the United Nations Environment Programme (UNEP), Economics and Trade Unit (ETU), and International Institute for Sustainable Development (IISD) is a reference tool for policy-makers, practitioners, the media, and other interested users. Intended for readers with an expertise in trade, development, or the environment, but not the intersection of all three, the handbook attempts to explain how trade can affect the environment for better or worse. In the end, it seeks to help ensure that "trade's potential for growth and development does, in fact, lead to environmentally sustainable development." Users can read the full text of the report in .pdf format at either the UNEP or IISD site. By June 2000, both will feature a continually updated Web version of the report, with links to online articles and other resources offering more in-depth analysis of the themes covered in the report, a collection of related links, an interactive thematic index, and a searchable compendium of analyses of environment-trade disputes.
  695 visits has been made through our site.
 
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Agent-Based Computational Economics
  URL: http://www.econ.iastate.edu/tesfatsi/ace.htm
  Agent-based computational economics (ACE) is the computational study of economies modelled as evolving systems of autonomous interacting agents. A central concern of ACE researchers is to understand the apparently spontaneous formation of global regularities in economic processes, such as the unplanned coordination of trade in decentralized market economies that economists associate with Adam Smith's invisible hand. The challenge is to explain how these global regularities arise from the bottom up, through the repeated local interactions of autonomous agents channeled through socio-economic institutions, rather than from fictitious top-down coordination mechanisms such as imposed market clearing constraints or an assumption of single representative agents. ACE is thus a specialization to economics of the basic complex adaptive systems (CAS) paradigm. The ACE Web site therefore incorporates links to materials of interest both for CAS research in general and for ACE research in particular. Leigh Tesfatsion, Professor of Economics and Mathematics at the Department of Economics, Iowa State University, has developed this site for ACE. Visitors can find a brief survey of ACE-related research, and an annotated list of readings for ACE and complex adaptive systems (CAS). Software for ACE is also available at the site, including a Trade Network Game, which "combines evolutionary game play with preferential partner selection."
  693 visits has been made through our site.
 
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Bank of International Settlements (BIS) Policy Paper 6: Bank restructuring in practice
  URL: http://www.bis.org/publ/plcy06.pdf
  Managing a banking crisis is one of the most difficult tasks to confront a policymaker. Often measures must be decided quickly, sometimes in the eye of a crisis. Almost inevitably, decisions will be guided by imperfect information. This is an intrinsic problem because the very business of banking is built on the possession of information not available to others. Moreover, the various actors may well have an incentive to distort the facts. Because banks lie at the centre of modern economies, policies can have far- reaching implications, political as well as economic. This is particularly true at the present time when so many emerging market economies are simultaneously grappling with banking crises. These issues were discussed by a small group of senior central bankers at the BIS in December 1998. Two days of discussion highlighted the extent of the challenges and the diversity of approaches to the problems. The country papers that follow highlight the main experiences of specific economies. This paper provides an overview of the main issues.
  693 visits has been made through our site.
 
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Adjustment Costs of Investment in General Equilibrium: Analytic Results
  URL: http://www.bog.frb.fed.us/pubs/feds/1998/199839/199839abs.html
  This paper written by Jinill Kim is one of the Finance and Economics Discussion Series on the Federal Reserve Board. It formulates and compares various specifications of investment adjustment costs in a simple dynamic general-equilibrium model and studies their implications by showing some analytic results. One way to introduce adjustment costs is to incorporate them as a constant elasticity of substitution between investment and capital in the capital accumulation equation. Another way is as a nonlinear transformation between consumption and investment in the national income identity. Observing that there is a problem in identifying the two types of adjustment costs and show how to solve the problem. The properties of persistence and volatility are analytically discussed with an emphasis on the size of adjustment costs.
  687 visits has been made through our site.
 
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Public Access to Documents after the entry into force of the Amsterdam Treaty:Much Ado About Nothing?
  URL: http://olymp.wu-wien.ac.at/eiop/texte/1998-008.htm
  European Integration online Papers (EIoP) has posted working paper " Public Access to Documents after the entry into force of the Amsterdam Treaty:Much Ado About Nothing?" by Ulf Obergin in its series on European integration, number 8 of Volume 2 (1998). The paper is also available for downloading in .pdf or Postscript format.
  681 visits has been made through our site.
 
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Archival Resources in the History of Economics
  URL: HTTP://orbit.unh.edu/hes/archive.htm
  Sponsored by the History of Economics Society. You may search the database to locate archival materials (library collections, collected papers, departmental records, etc.) related to the history of economics: Name Search, Location Search, Complete Listing.
  680 visits has been made through our site.
 
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Center for Economic Research (Uzbekistan)
  URL: http://www.cer.uz/
  Formed by government of Uzbekistan and the United Nations Development Program in 1998, the Center for Economic Research strives to "research social and economic processes, prepare proposals to deepen the economic reforms conducted in the republic as well as efficiently use international experience and programs of technical assistance provided by international organizations." The Website offers a wide range of general information about Uzbekistan, as well as resources including working papers (in English and Russian), Economic Review magazine, statistics, and links. Though the site has several dead links and some of the information is only available in Russian, it's a good beginning resource for those interested in learning more about the economic conditions in Uzbekistan.
  680 visits has been made through our site.
 
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1997 Working Paper Series
  URL: http://wrdsenet.wharton.upenn.edu/fic/wfic/papers/97.html
  Four papers have recently been added (#97-44--46, 48). They discuss valuation models for insurers, the importance of volatility forecasting in financial risk, management, money market mutual fund fee waivers, and retail banking innovation.
  670 visits has been made through our site.
 
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An Ontario Corn Producers Association (OCPA) Special Analysis: How have corn and oil prices changed over the past 40 years?
  URL: http://ontariocorn.org/spec0796.html
  "How have corn and oil prices changed over the past 40 years?" An OCPA Special Analysis
  670 visits has been made through our site.
 
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Currency Boards
  URL: http://users.erols.com/kurrency/webdiss1.htm
  Schuler Kurt (1992), "Currency Boards", Dissertation, George Mason University, Fairfax, Virginia.
  669 visits has been made through our site.
 
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IMF Working Paper 99/97: A Dynamic Model of Inflation for Kenya, 1974-1996
  URL: http://www.imf.org/external/pubs/ft/wp/1999/wp9997.pdf
  "A Dynamic Model of Inflation for Kenya, 1974-1996" is written by Durevall, Dick; Ndung'u, Njuguna; Research Department. Prepayment required for individual copies. An annual subscription is $210.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No for the subscription is WPEA.
  668 visits has been made through our site.
 
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Journal of Econometrics [.pdf]
  URL: http://www.elsevier.nl/inca/homepage/sae/econbase/econom/
  The Journal of Econometrics is designed to serve as an outlet for important new research in both theoretical and applied econometrics. The scope of the Journal includes papers dealing with estimation and other methodological aspects of the application of statistical inference to economic data, as well as papers dealing with the application of econometric techniques to substantive areas of economics. Econometric research in the traditional divisions of the discipline or in the newly developing areas of social experimentation are decidedly within the range of the Journal's interests. You can also access point to 62 journals, 13,500 abstracts and 3,400 online papers through ECONbase.
  667 visits has been made through our site.
 
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2000 Working Paper Series of Wharton Financial Institutions Center
  URL: http://fic.wharton.upenn.edu/fic/wfic/papers/00.html
  2000 Working Paper Series of Wharton Financial Institutions Center
  666 visits has been made through our site.
 
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FRB: No.9927 Investment Behavior, Observable Expectations, and Internal Funds
  URL: http://www.bog.frb.fed.us/pubs/feds/1999/199927/199927pap.pdf
  It uses earnings forecasts from securities analysts to construct more accurate measures of the fundamentals that affect the expected returns to investment. It finds that investment responds significantly--in both economic and statistical terms--to its new measures of fundamentals. Its estimates imply that the elasticity fo the investment-capital ratio with respect to a change in fundamentals is generally greater than unity. In addition, it finds that internal funds are uncorrelated with investment spending, even for selected subsamples of firms--those paying no dividends and those without bond ratings--that have been found to be "liquidity constrained" in previous studies. The results cast doubt on the evidence for liquidity constraints from the many studies that have used Tobin's Q to control for the expected returns to investment.
  663 visits has been made through our site.
 
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"Core Principles Methodology" [.pdf, 200K]
  URL: http://www.bis.org/publ/bcbs61.pdf
  This newly published document from the Bank of International Settlements considers the methodology used in determining The Core Principles for Effective Banking Supervision, "a global standard for prudential regulation and supervision," which has been endorsed by many countries worldwide. There are three sections to the report. The first chapter looks at the background for the core principles and "the preconditions for effective banking supervision." The second chapter "raises a few basic considerations regarding the conduct of an assessment and the compilation and presentation of the results," and the last chapter discusses each core principle individually. The 56-page document is available in .pdf format. A thumbnail map of each page, shown on the left, is the best way to navigate the report.
  663 visits has been made through our site.
 
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FRB Chicago Working Paper 99-1: Extracting Market Expectations from Option Prices: Case Studies in Japanese Option Markets
  URL: http://www.frbchi.org/workingpapers/papers/wp99_1.pdf
  This paper focuses on the recently developing financial derivatives markets, and examines the usefulness of option prices as an information variable for monetary policy implementation. A set of option prices provides us with information on the whole probability distribution of the future values of underlying assets. Such information enables us to examine the development of market expectations. The paper estimates a time series of implied probability distributions from daily option prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for the following three periods: (i) the period of a collapsing bubble in the stock market in 1989-90; (ii) the period of serious stock market slump in 1992-94; and (iii) the period of increasing anxiety in the market about a possible deflationary spiral in 1995.
  662 visits has been made through our site.
 
598 records found in 30 pages. Page: 1 2 3 4 5 6 7 8 9 10 11
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