Sudden stops have been linked to a number of financial crises in emerging market countries. While a large literature has developed emphasizing the importance of institutions and governance in reducing economic volatility, this paper finds that the effect of government quality on the incidence of sudden stops is non-linear. Initial improvements in governance actually increase the incidence of co...

The performance and effectiveness of financial institutions are important considerations for policy-makers concerned about economic growth. Growth, after all, is heavily dependent on investment, and a significant fraction of all investment flows through financial institutions. Furthermore, incidences of financial instability in some countries have shown that poor financial policies can have ser...

network expansion studies normally offer new power lines, new substations or expansion of existing substations. they are generally proposed based on technical requirements, but financial restrictions are not considered. because of financial restrictions, ranking of network expansion plans is required. in this paper an algorithm for such ranking, based on technical and financial view points and ...

Objective: By the full adoption of IFRS, measurement and disclosure of fair values become more common in Iranian financial reporting. The present study aims to identify the technical challenges of fair value measurement and disclosure in accordance with the proposed framework in IFRS13 as well as technical factors underlying resistance to fair-value based financial reporting from accounting and...

Many financial institutions are now realizing that information technology is enabling business, not just supporting it. For this reason, financial sectors are changing the way they operate to capitalize on this trend by conducting their day-to-day business operations, namely, business-to-business (B2B) and business-to-consumer (B2C) using online applications. The proliferation of e-business and...

Third, the shortfall in Chinese economic growth derives from the exhaustion of strong investment in low productivity sectors, which was part of the Chinese response to the global financial crisis. The Committee placed great emphasis on the large credit expansion, which was channeled mostly through institutions outside the traditional financial system (known as shadow banking). Given this factor...