منابع مشابه
Banking Passivity and Regulatory Failure in Emerging Markets: Theory and Evidence from the Czech republic
We present a model of bank passivity and regulatory failure. Banks with low equity positions have more incentives to be passive in liquidating bad loans. We show that they tend to hide distress from regulatory authorities and are ready to offer a higher rate of interest in order to attract deposits compared to banks that are not in distress. Therefore, higher deposit rates may act as an early w...
متن کاملA Regulatory Framework for New and Emerging Markets
The future of the information society crucially depends on investments in upgrading existing infrastructures and building new networks. Traditional cost-based regulation, which focuses on issues of static efficiency and service-based competition necessarily has negative effects on innovation incentives and the emergence of infrastructure-based competition in the highly dynamic telecommunication...
متن کاملLong Memory in Stock Returns: A Study of Emerging Markets
The present study aimed at investigating the existence of long memory properties in ten emerging stock markets across the globe. When return series exhibit long memory, it indicates that observed returns are not independent over time. If returns are not independent, past returns can help predict future returns, thereby violating the market efficiency hypothesis. It poses a serious challenge to ...
متن کاملMarket Failure and Capital Flows to Emerging Markets
The level, tenor and instability of capital flows from global financial markets towards developing countries are a major source of concern for macroeconomic managers, while their causes remain largely unexplained by economic theory. Country ‘fundamentals’ (such as economic growth, monetary stability and institutional capacity) as sources of default risk have been the main focus of economic rese...
متن کاملIT in Emerging Markets
E merging markets are now attracting significant interest among IT professionals and researchers. These markets represent twothirds of the world’s population, generate over 20 percent of the world’s gross domestic product, and are restructuring themselves to foster further growth and socioeconomic development. Furthermore, increased investments in science and technology research and development...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.880005