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Author: Ramesh Babu Thimmaraya
Publisher: Emerald Group Publishing
ISBN: 1787547833
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book primarily focuses on the dynamic relationship between the financial and the economic systems of twelve major economies in the world.
Author: Ramesh Babu Thimmaraya
Publisher: Emerald Group Publishing
ISBN: 1787547833
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book primarily focuses on the dynamic relationship between the financial and the economic systems of twelve major economies in the world.
Author: Thimmaraya
Publisher:
ISBN: 9781787547858
Category :
Languages : en
Pages :
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Book Description
Author: Ramesh Babu Thimmaraya
Publisher: Emerald Group Publishing
ISBN: 1787547825
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
This book primarily focuses on the dynamic relationship between the financial and the economic systems of twelve major economies in the world.
Author: John E. Silvia
Publisher:
ISBN: 9783030762964
Category :
Languages : en
Pages : 0
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Book Description
Effective decision making requires understanding of the underlying principles of financial markets and economics. Intellectually, economics and financial markets are genetically intertwined although when it comes to popular commentary they are treated separately. In fact, academic economic thinking appears separate from financial market equity strategy in most financial market commentary. Historically, macroeconomics tended to assume away financial frictions and financial intermediation whereas financial economists did not necessarily consider the negative macroeconomic spill overs from financial market outcomes. In more recent years, the economic discipline has gone through a serious self-reflection after the global crisis. This book explores the interplay between financial markets and macroeconomic outcomes with a conceptual framework that combines the actions of investors and individuals. Of interest to graduate students and those professionals working in the financial markets, it provides insight into why market prices move and credit markets interact and what factors participants and policy makers can monitor to anticipate market change and future price paths. John Silvia is currently President of Dynamic Economic Strategy, LLC. Formerly, John was managing director and the chief economist for Wells Fargo Securities until July 2018. Based in Charlotte, North Carolina, he held that position since he joined Wachovia, a Wells Fargo predecessor, in 2002 as the company's chief economist. Before his position at Wells, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Before that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. beginning in 1982. John holds B.A. and Ph.D. degrees in economics from Northeastern University in Boston and has a master's degree in economics from Brown University.
Author: J. Doyne Farmer
Publisher:
ISBN: 1108830730
Category : Mathematics
Languages : en
Pages : 729
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Book Description
Discover current uses and future development of stress tests, the most innovative regulatory tool to prevent and fight financial crises.
Author: Hites Ahir
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
This paper uses text analysis to construct a continuous financial stress index (FSI) for 110 countries over each quarter during the period 1967-2018. It relies on a computer algorithm along with human expert oversight and is thus easy to update. The new indicator has a larger country and time coverage and higher frequency than similar measures focusing on advanced economies. And it complements existing binary chronologies in that it can assess the severity of financial crises. We use the indicator to assess the impact of financial stress on the economy using both country- and firm-level data. Our main findings are fivefold: i) consistent with existing literature, we show an economically significant and persistent relationship between financial stress and output; ii) the effect is larger in emerging markets and developing economies and (iii) for higher levels of financial stress; iv) we deal with simultaneous causality by constructing a novel instrument—financial stress originating from other countries—using information from the text analysis, and show that, while there is clear evidence that financial stress harms economic activities, OLS estimates tend to overestimate the magnitude of this effect; (iv) we confirm the presence of an exogenous effect of financial stress through a difference-in-differences exercise and show that effects are larger for firms that are more financially constrained and less profitable.
Author: Roberto Pasqualino
Publisher:
ISBN: 9781315643182
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
"This book presents a new System Dynamics model (the ERRE model), a novel stock and flow consistent global impact assessment model designed by the authors to address the financial risks emerging from the interaction between economic growth and environmental limits under the presence of shocks. Building on the World3-03 Limits to Growth model, the ERRE links the financial system with the energy, agriculture and climate systems through the real economy, by means of feedback loops, time lags and non-linear rationally bounded decision making. Prices and their interaction with growth, inflation and interest rates are assumed to be the main driver of economic failure while reaching planetary limits. The model allows for the stress-testing of fat tail extreme risk scenarios, such as climate shocks, energy transition, monetary policies and carbon taxes. Risks are addressed via scenario analyses, compared to real available data, and assessed in terms of the economic theory that lies behind. The book outlines the case for a government led system change within this decade, where the market alone cannot lead to sustainable prosperity. This book will be of great interest to scholars of climate change, behavioural, ecological and evolutionary economics, green finance, and sustainable development"--
Author: Alexander M. Karminsky
Publisher: Springer Nature
ISBN: 3030697487
Category : Business & Economics
Languages : en
Pages : 395
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Book Description
This book describes various approaches in modelling financial risks and compiling ratings. Focusing on emerging markets, it illustrates how risk assessment is performed and analyses the use of machine learning methods for financial risk assessment and measurement. It not only offers readers insights into the differences between emerging and developed markets, but also helps them understand the development of risk management approaches for banks. Highlighting current problems connected with the evaluation and modelling of financial risks in the banking sector of emerging markets, the book presents the methodologies applied to credit and market financial risks and integrated and payment risks, and discusses the outcomes. In addition it explores the systemic risks and innovations in banking and risk management by analyzing the features of risk measurement in emerging countries. Lastly, it demonstrates the aggregation of approaches to financial risk for emerging financial markets, comparing the experiences of various countries, including Russia, Belarus, China and Brazil.
Author: Mr. Ross Levine
Publisher: International Monetary Fund
ISBN: 1513583360
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.
Author: Venita VanCaspel
Publisher: Simon & Schuster
ISBN:
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
Takes into account revised tax laws, changes in real estate and other financial opportunities, and the impact of the Gromm-Rudmann bill to offer advice on investment strategy.
