Fiscal budget deficit and the emerging capital markets in West African countries

The Risky Capital of Emerging Markets∗

Emerging markets exhibit (1) high expected returns to capital and (2) large exposures to movements in US returns, measured by the ‘beta’ of the returns to the asset on the returns to its US counterpart. We document these facts in detail for two asset classes stock market returns and the return to aggregate capital and we provide further evidence from a third class sovereign bonds. We use a seri...

Venture Capital Exits in Emerging Markets

We analyze a sample of 336 venture capital exits from 12 Asia -Pacific countries: Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan and Thailand. The data also comprise these countries’ venture capitalists’ investments in U.S.-based entrepreneurial firms. We consider the determinants of the types of entrepreneurial firms receiving ...

Financial integration and emerging markets capital structure

0378-4266/$ see front matter 2010 Published by doi:10.1016/j.jbankfin.2010.10.017 ⇑ Corresponding author at: School of Business an Integration Studies, Trinity College Dublin, College G +353 1 8961522; fax: +353 1 6799503. E-mail addresses: [email protected] (B.M. Lucey), qzha This paper investigates the impact of country-level financial integration on corporate financing choices in emerging econom...

Investigating the Impact of Fiscal Policies on Capital Market Returns in Selected Oil Exporting Countries

Fiscal policies are one of the most important policies that are used in the field of demand management. Implementing fiscal policies is one of the most important policy-making tools to achieve macroeconomic goals such as Distribution ‌Fair ‌Income, ‌Increasing ‌Rate ‌Growth ‌Economic ‌And ‌Employment ‌And Stabilizing ‌Price. Since economic policies have a significant impact on financial mark...

The Relationship Between Budget Deficit And Inflation In Iran