Download or read book Institutions Governing Financial Markets written by Shubhashish Gangopadhyay and published by Allied Publishers. This book was released on 1997 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.

Download or read book Financial Regulation and Monetary Arrangements after 1992 written by Michele Fratianni and published by Elsevier. This book was released on 2015-08-11 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented in this volume are analytical papers by leading academics on the consequences of regulatory reform in the 1992-process on financial markets and institutions, as well as on macro-economic adjustment and the scope of monetary and fiscal policy after 1992. Also included are policy-oriented papers by economists in academic and policy-making authorities which discuss potential policy conflicts within the EC and between the EC, EFTA, the US, Japan and Eastern Europe as a result of financial liberalization and monetary integration following 1992.The volume focuses on developments in financial markets as crucial for financial and industrial restructuring, as well as for prospects for a monetary union. Analytical papers form the basis for broader policy oriented discussion of potential policy conflicts among industrialized countries, as well as of prospects for currency reform in the Eastern block.

Download or read book Corporate Decision Making with Macroeconomic Uncertainty written by Lars Oxelheim and published by Oxford University Press. This book was released on 2008-09-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic turbulence and volatility in financial markets can fatally affect firm's performance. Very few firms make serious attempts to inform market participants and other outsider stakeholders about the impact of macroeconomic fluctuations--manifested as changes in exchange rates, interest rates, inflation rates and stock market returns-- on performance. These stakeholders, as well as financial analysts, must make their own assessments but they generally lack both the required tools and the information to do so. Worse, top management in most firms do not themselves possess the tools to identify whether a change in performance represents a change in the firm's intrinsic competitiveness or a reflection of macroeconomic conditions outside their influence. Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management develops and presents in an easily comprehensible way the essential elements of a corporate strategy for managing uncertainty in the macroeconomic environment. This Macroeconomic Uncertainty Strategy, or MUST, enhances firm value by allowing management and external stakeholders to become better informed about the development of corporate competitiveness in a turbulent macroeconomic environment. The MUST also provides guidelines for how to develop a successful risk management program. This research based book includes methods to identify the impact of macroeconomic fluctuations on cash flows and value, to develop strategies for macroeconomic risk management, to provide informative reports to external stakeholders, to evaluate the relative performance of subsidiaries and business units in multinational companies, and to evaluate performance for purposes of setting executive compensation and of fulfilling the due diligence requirements in an M & A context. The authors' use of value-based management, various performance measurements, the concept of real options, and risk management from the perspective of shareholder wealth maximization, makes the book rich and compelling. They address researchers and students in the field of international business, finance and corporate governance. On the business side, executives with strategic responsibilities, chief financial officers, and bankers who analyze corporate performance and give advice on risk management will benefit from reading this book.

Download or read book Financial Performance Measures and Value Creation the State of the Art written by Daniela Venanzi and published by Springer Science & Business Media. This book was released on 2011-12-01 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on their effectiveness. This book can be a powerful tool for guiding managers and graduate students in the “tangled forest” of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.

Download or read book The Limits of Government written by Gunnar Eliasson and published by Transaction Publishers. This book was released on with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: When and why does government interference in the market process succeed and when and why does it fail? The limits of government and the consequences for economic growth of government interference in markets are the central themes in this book. Theoretical as well as case-oriented empirical studies are included. The anthology contains selected papers presented at the Sixth Conference of the International Joseph A. Schumpeter Society in Stockholm. There is no way to understand how an economy at large behaves without taking a close look at the actors who make it behave. There is no way to understand the agents operating in markets without placing them in the context of the institutions that determine the incentives that pull, and the competition that pushes, them in different directions and together coordinate all actors into a fairly consistent macro-economic whole. This also means that successful policymaking, whether directed at the macro or micro levels of the economy, demands insights on the part of the policymaker that go far beyond what mainstream economic theory is capable of providing. The volume is divided into two parts: Theories of State Interference and Consequences of State Interference and Non-Interference. The volume is remarkably current, including essays on Microsoft versus Netscape; Russia's Agrarian Dilemma; the Expanding Public Sector; and a contribution to fundamental economic policy analysis concerning prospects for democratic capitalism. The volume is serious, concrete, rich in statistical data of present-day worth and empirical research of larger theoretical value. Gunnar Eliasson is author of Technology Generation or a National Prestige Project: The Swedish Aircraft Industry (in Swedish). His colleague, Nils Karlson is president of the City University of Stockholm. Among his writings are The Future of the Social Insurance System; Can the Present Problems of Mature Welfare States Be Solved; and States within States.

Download or read book Corporate Insolvency Procedures and Bank Behavior written by Mr.Qaizar Hussain and published by International Monetary Fund. This book was released on 1999-10-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors influencing financial decisions of corporations and banks during pre-crisis years in six Asian economies. It also examines whether these factors may have contributed to the depth and duration of the 1997 crisis. There are two key findings: First, bank behavior and other institutional factors, and not the nature of stakeholder orientation, seem to explain variations in capital structures and the depth of recessions across economies. Second, aspects of insolvency procedures favoring rehabilitation of “financially distressed” firms seem to explain well the expected duration of the crisis.

Download or read book Economic Psychology written by Rob Ranyard and published by John Wiley & Sons. This book was released on 2017-08-14 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.

Download or read book Monetary Policy in the European Monetary System written by Joao Loureiro and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary Policy in the European Monetary Systems (EMS) provides the reader with a critical assessment of the EMS operation, focusing on key issues like intervention in money and foreign exchange markets and credibility of EMS exchange rate bands. The book also reopens the discussion on the "EMS discipline-credibility hypothesis" and the notion of "New EMS", testing both with an original methodology. The conflict between internal and external objectives is made clear and the empirical results show the choices made by the individual countries and the resulting implications. The book is written with an empirical orientation based on a unifying data description framework.

Download or read book New Metrics for Value Based Management written by Annette Holler and published by Springer Science & Business Media. This book was released on 2009-11-07 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annette Holler introduces two new depreciation-adjusted value metrics. Furthermore, a case study illustrates the depreciation-related bias. A regression analysis adds to previous evidence on associations of value creation with stock returns and firm values.

Download or read book Advanced Manufacturing and Sustainable Logistics written by Wilhelm Dangelmaier and published by Springer Science & Business Media. This book was released on 2010-04-12 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intimesofdecliningeconomicgrowth,companieshavetocontroltheircostsmore than ever to saveresources needed in the future. Regardless of the economic size of the company, the processes of production and logistics play a decisive role in stabilizing procedures and avoiding waste. Both are important cost drivers in manufacturing companies and therefore they o?er large potential savings. Pervasive networking in the last years has contributed to a hitherto unknown transparency of global markets. This harmonization opened up new possibilities of entering foreign markets for procurement and sales to the companies. The emerging global procurement strategy was understood as a chance to rethink the relocation of existing production facilities to pro?t from existing di?erences in price and performance as a resource-saving factor. Many companies tended towards a reduction of their vertical integration by outsourcing sections of their value chain. These contracted services of production result in higher transport volumes, increased complexity of supply processes and new requirements on - gistic networks. This trend of outsourcing has not stopped, but is slowing down noticeably. Additionally,thereisanincreasingproportionofcompaniesrestoring business units that were outsourced before. Reasons for turning back decisions are often to be found in missed goals. It is not unusual that important cost f- tors were disregarded in the original basis of decision-making. In the meantime many companies have realized that it is easier to achieve stability of processes and therewith a control of costs by increasing their own contribution to p- duction. Especially in times of under-utilized capacities like in the current crisis, insourcingcanbeastrategicoption.

Download or read book Studies in International Economics and Finance written by Naoyuki Yoshino and published by Springer Nature. This book was released on 2022-03-30 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: This festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed. Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. A tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions. - Prof. Y V Reddy, Former Governor, Reserve Bank of India This volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers. - Prof. Vijay Kelkar, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India Noted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume. - Prof. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India; and Member, Monetary Policy Committee of Reserve Bank of India This volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments. - Prof. K L Krishna, Former Director, Delhi School of Economics, New Delhi, India I am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute. I wish all the luck and success to the new book. - Prof. Kishore Kulkarni, Distinguished Professor of Economics, Metropolitan State University of Denver, USA

Download or read book Economic Performance and Financial Sector Reform in Central and Eastern Europe written by A. W. Mullineux and published by Edward Elgar Publishing. This book was released on 1999 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers from a September 1996 conference held in Tallinn, Estonia, examine progress made on macroeconomic stabilization and financial sector reform in the transition economies of Central and Eastern Europe. They relate microeconomic experiences to the broader macroeconomic context of reform, and emphasize that macro reform is underpinned by micro and institutional reform, especially in the financial sphere. Subjects include bank and enterprise restructuring and implications for corporate governance and company performance, and the performance of fixed exchange rate regimes in the post- stabilization phase of transition. Annotation copyrighted by Book News, Inc., Portland, OR

Download or read book Economics in Sweden written by Lars Engwall and published by Routledge. This book was released on 2006-08-21 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics in Sweden contains the results of one of the most comprehensive attempts to evaluate research in economics ever undertaken. A team of Swedish and international researchers, including Avinash K. Dixit, Seppo Honkapohja and Robert M. Slow, examined the structure of economics in Sweden and its results. They identified postgraduate education as a key area, and their findings will be of particular relevence at a time when many countries are restructuring their graduate education programme.

Download or read book International Handbook of Maritime Economics written by Kevin Cullinane and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and comprehensive new Handbook brings together an unrivalled group of distinguished scholars and practitioners to provide in-depth analysis and a contemporary perspective on a wide-ranging array of topics in maritime economics. Inherently global in nature, the economics of the maritime sector has proved pivotal in facilitating globalization and international trade. This Handbook offers a unique and indispensable source of reference and information for researchers, students and practitioners interested in the relationship between these developments and maritime markets.

Download or read book The Oxford Handbook of the Ethiopian Economy written by Fantu Cheru and published by Oxford University Press. This book was released on 2019-01-10 with total page 1017 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a war-torn and famine-plagued country at the beginning of the 1990s, Ethiopia is today emerging as one of the fastest-growing economies in Africa. Growth in Ethiopia has surpassed that of every other sub-Saharan country over the past decade and is forecast by the International Monetary Fund to exceed 8 percent over the next two years. The government has set its eyes on transforming the country into a middle-income country by 2025, and into a leading manufacturing hub in Africa. The Oxford Handbook of the Ethiopian Economy studies this country's unique model of development, where the state plays a central role, and where a successful industrialization drive has challenged the long-held erroneous assumption that industrial policy will never work in poor African countries. While much of the volume is focused on post-1991 economic development policy and strategy, the analysis is set against the background of the long history of Ethiopia, and more specifically on the Imperial period that ended in 1974, the socialist development experiment of the Derg regime between 1974 and 1991, and the policies and strategies of the current EPRDF government that assumed power in 1991. Including a range of contributions from both academic and professional standpoints, this volume is a key reference work on the economy of Ethiopia.

Download or read book Socioeconomic Outcomes of the Global Financial Crisis written by Ulrike Schuerkens and published by Routledge. This book was released on 2012 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book originates from a comparative research project involving extensive collection and analysis of primary and secondary materials (scholarly literature, statistical data, and interviews with key actors) on socioeconomic outcomes of the global financial crisis in all major world regions during the last years. Offering analytical and comparative insights at the global level, as well as an assessment of the overall social globalization phenomenon, this book will be useful for scholars, students, NGOs, and policy makers.

Download or read book Competition written by Stefan Arora-Jonsson and published by Oxford University Press. This book was released on 2021 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The spread of competition into all areas of society is one of the master trends of modern society. Yet, social scientists have played a surprisingly modest role in the analysis of its implications as the discussion of competition has largely been confined to the narrow context of economic markets. This book opens up competition for the study of social scientists. The central message of the book is that competition seems ubiquitous but it should not be taken for granted or be naturalized as an inevitable aspect of human existence. Its emergence, maintenance, and change are based on institutions and organizational efforts, and a central challenge for social science is to learn more about these processes and their outcomes. With the use of a novel definition of competition, more fundamental questions can be addressed than merely whether or not competition works. How is competition constructed--and by whom? Which institutional and organizational foundations need to be considered? Which behaviours result from competition? What are its consequences? Can competition be removed? And, how do these factors vary with the object of competition--be it money, attention, status, or other scarce and desired objects? The chapters in the book investigate these and more questions in studies of competition among and within schools, universities, multinational corporations, auditors, waste-disposal firms, and fashion designers and users. The chapters are written by scholars from several social science fields: management, organization studies, sociology, anthropology, and education"--Publisher's website.