KTT G20 tentunya memiliki dampak ekonomi yang sangat besar terhadap dunia tak terkecuali di Indonesia. Dengan tema diusung Indonesia pada tahun ini yaitu “Recover Together, Recover Stronger”. Dasar adanya tersebut adalah pemerintah berupaya untuk mengajak seluruh bahu-membahu, saling mendukung pulih bersama serta tumbuh lebih kuat dan berkelanjutan. sendiri diharapkan dapat memberi kesempatan b...

It is argued, that the National Bank of Romania should not be in the business of providing direct finance to agriculture. The entire system of support for agriculture, in particular the means of providing rural finance and credit needs to be reviewed, so that non-inflationary solutions may be found. This paper will discuss the necessary reforms (directions and modalities) of Romania’s financial...

In this article the method of pricing the liabilities of a financial institution by means of dynamic mean–variance hedging is applied to the situation of an incomplete market that is nevertheless in equilibrium with homogeneous expectations. For a given stochastic asset–liability model that is consistent with the market, the article shows how to determine the price at which, subject to specifie...

This paper provides a micro-level evidence that ...nancial development impacts growth by reducing ...nancing constraints that would otherwise restrict e¢cient ...rm investment. I estimate a structural model based on the Euler equation for investment using ...rm-level data from 40 countries. I ...nd a strong negative relationship between the extent of ...nancial market development, and the sensi...

On March 24, the Program for Economic Research sponsored the 2009 Spring Economics Forum, “Reforming Financial Regulation: Fundamental Principles and Urgent Steps”. The event featured a presentation by Hyun Shin of Princeton University, with responses from Patrick Bolton, Frederick Mishkin, and Edward Morrison, and was moderated by Michael Woodford. The forum discussed questions on how to impro...

This paper contributes to the Special Issue on Communication for Digital Media Age by investigating factors that influence management of political information online news media platforms, specifically Twitter and Weibo. Using recent “G20 Summit” as a case study, this study employs mixed-methods approach incorporates both deductive inductive reasoning. Social network analysis (SNA) graph theory ...

A multiperiod model is developed to measure the costs posed to the guaranty fund in a setting that incorporates risk-based capital regulations, interest rate risk and the possibility of catastrophic losses. The guaranty contract is modeled as a put option on the asset of the insurance company with a stochastic strike price and an uncertain maturity. The impacts of the key factors of this model ...

This article presents the findings of a bibliometric study of mental health research papers published from 1980 to 2008. The aim of this study was to map mental health research in the G20 and other leading countries in order to analyse i) the research productivity of nations; ii) the relative intensity of research; iii) the level of research (clinical or basic); iv) levels of scientific impact;...

We investigate how borrowers’ corporate governance influences bank loan contracting terms in emerging markets and how this relation varies across countries with different country-level governance. We find that borrowers with stronger corporate governance obtain favorable contracting terms with respect to loan amount, maturity, collateral requirements, and spread. Firm-level and country-level co...