DEVELOPMENT REGULATORY INNOVATIONS OF FINANCIAL INSTRUMENT MARKETS

Emerging Markets Financial Openness and Financial Development

We examine the effect of financial openness on the development of financial systems in a panel of 35 emerging markets during the period of 1976 to 2003. A group of indicators including variables from banking sector, stock market, and national capital accounts are used as measures of financial openness and financial development. In addition, aggregate index measures are developed to incorporate ...

Regulatory Sanctions and Reputational Damage in Financial Markets

Development and Validation of Successful Aging Instrument

Objectives: Successful aging is an interdisciplinary concept. Despite the great body of literature on successful aging, few studies have focused on its subjective and multidimensional measurements. Thus, the present study aimed to develop an instrument to measure self-perceived successful aging. Methods: We used a mixed method approach. The successful aging dimensions were explored through an ...

Mathematics of Financial Markets

Mathematical finance is a child of the 20th century. It was born on 29 March 1900 with the presentation of Louis Bachelier’s doctoral dissertation Théorie de la speculation [1]. Now, one hundred years later, it is the basis of a huge industry, at the centre of modern global economic development, and the source of a great deal of interesting mathematics. Further, the theory and applications have...

Innovations, Intellectual Property Protection, and Financial Markets: Cross-Province Evidence from China

This study explores the interaction between innovations and financial markets using newly available data of China that present significant geographic variations in economic development. Empirical evidence suggests that provincial banking development encourages local innovations, and provincial intellectual property (IP) protection raises the market values of local firms. Firmlevel innovations l...