International Journal of Finance and Economics
1099-1158
1076-9307
Anh Quốc
Cơ quản chủ quản: WILEY , John Wiley and Sons Ltd
Phân tích ảnh hưởng
Thông tin về tạp chí
Lĩnh vực:
AccountingEconomics and EconometricsFinance
The International Journal of Finance and Economics aims to publish articles of high quality dealing with issues in international finance which impact on national and global economies. While maintaining the high standards of a fully refereed academic journal, with technical, empirical and theoretical material, IJFE articles will also be accessible to non-specialists, policy-makers and practitioners. Each paper will be prefaced by a non-technical summary of up to 500 words and, on an occasional basis, IJFE will publish a feature article on a major issue in international finance, written at a non-technical, but academically rigorous, level. IJFE will concern itself with issues such as exchange rates, balance of payments, financial institutions, risk analysis, international banking and portfolio management, financial market regulation, Third World debt, European monetary union, the financial aspects of transition economies, financial instruments and international financial policy co-ordination. IJFE is aimed at practitioners, researchers and graduate students in: -international economics -international finance -financial economics -international political economy -financial analysis and treasury management -policy making.
Microeconomic effects of capital controls: The chilean experience during the 1990s Abstract This paper provides empirical evidence on some of the microeconomic effects of the capital controls introduced in Chile during the 1990s, in particular, the unremunerated reserve requirement (URR). By looking at financial statements for a group of 73 Chilean firms during 1986–2001, the paper attempts to identify the effects of the URR on the firms' costs and ways of financing. Results show that the effects of the URR are firm specific; for instance, there are striking differences in the response to the URR among firms of different size and those with or without access to international capital markets. Copyright © 2003 John Wiley & Sons, Ltd.
Tập 8 Số 3 - Trang 225-253 - 2003
The effect of financial sector development on economic growth of selected<scp>sub‐Saharan</scp>Africa countries Abstract The effect of financial sector development on economic growth is among the main debatable issue in economics and policymaking. Thus, by using different financial sector dimensions, this research tried to look at the effect of financial sector development on the economic growth of 25 sub‐Saharan Africa countries for the period 2010–2017. Precisely, three dynamic panel data models that look at the effect of financial sector depth, access, and efficiency on economic growth were estimated by two‐step system GMM estimation. In this research, credit extended to the private sector per GDP, commercial bank branch per 100,000 adult population, and Return to assets were used as a proxy and measures for financial sector depth, access, and efficiency respectively. Accordingly, the results revealed that financial sector depth, access, and efficiency have a positive and statistically significant effect on these countries' economic growth. Therefore, it is recommended that the concerned bodies that broadening the depth of financial institutions by giving more credit to the private sector is essential. Besides, the financial institutions will have to be expanded to increase their accessibility to the mass and take some measures to promote their efficiency.
Tập 28 Số 3 - Trang 2834-2842 - 2023
Long‐term memory in stock market returns: international evidence Abstract A lot of recent work has addressed the issue of the presence of long memory components in stock prices because of the controversial implications of such a finding for market efficiency and for martingale models of asset prices used in financial economics and technical trading rules used for forecasting. This paper examines the presence of long memory in the stock returns of seven countries, namely Japan, Korea, New Zealand, Malaysia, Singapore, the USA and Australia. The classical and modified rescaled range tests, the semiparametric test proposed by Geweke and Porter‐Hudak, the frequency domain score test proposed by Robinson and its time‐domain counterpart derived by Silvapulle, are applied to these returns in order to detect the long memory property. Evidence suggests that the Korean, Malaysian, Singapore and New Zealand stock returns are long‐term dependent, indicating that these two markets are not efficient. The results of this study should be useful to regulators, practitioners and derivative market participants, whose success precariously depends on the ability to forecast stock price movements. Copyright © 2001 John Wiley & Sons, Ltd.
Tập 6 Số 1 - Trang 59-67 - 2001