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Author Kouretas, Georgios P
Title Macroeconomic Analysis and International Finance
Imprint Bingley : Emerald Publishing Limited, 2014
©2014
book jacket
Descript 1 online resource (285 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series International Symposia in Economic Theory and Econometrics Ser. ; v.23
International Symposia in Economic Theory and Econometrics Ser
Note Front Cover -- Macroeconomic Analysis and International Finance -- Copyright Page -- Contents -- List of Contributors -- Editorial Advisory Board Members -- Guest Editorial: An Overview of the Special Volume on Macroeconomic Analysis and International Finance -- Introduction -- What Explains House Price Booms? History and Empirical Evidence -- Introduction -- The Issues -- Historical Narrative -- The 1920s -- Post-World War II -- Asset Booms in the United Kingdom -- Nordic Asset Booms in the 1980s -- Japan in the 1980s -- House Price Booms of the 1990s and 2000s -- Summary of Historical Narrative -- Identifying House Price Booms -- Housing Booms -- Empirical Analysis -- Real House Prices -- Summary of Empirical Analysis -- Robustness Checks and the Role of Bank Credit -- An Alternative Specification for the PVAR -- An Alternative Ordering in the PVAR -- Other House Price Booms of the 1990s and 2000s -- Discussion and Conclusion -- Acknowledgment -- References -- Appendix: Data sources -- Economic Growth and Inequality: Evidence from the Young Democracies of South America -- Introduction and Motivation -- Empirical Analysis -- A Look at the Data -- Empirical Strategy -- Results and Discussion -- Final Observations -- Acknowledgments -- References -- Appendix -- Operational Currency Exposure and Firm Level Performance: Evidence from India -- Introduction -- Data -- Measuring "Operational" Currency Exposure -- Industry-Wise Exposure Elasticity -- Operational Exposure Elasticity and Exchange Rate Regime -- Determinants of Firm Level Exposure -- Openness and Delta -- "Operational" Exchange Rate Exposure and Firm Level Performance -- Output Growth And Exposure -- "Large"-Sized Exposure -- Profitability and Exposure -- Capital Expenditure and Exposure Elasticity -- Conclusion -- Acknowledgments -- References -- Appendix
Exchange Rates, Fundamentals, and Nonlinearities: A Review and Some Further Evidence from a Century of Data -- Introduction -- A Review of the Literature -- The Monetary Model and Nonlinear Characteristics of Fundamentals -- Econometric Methodology -- Johansen Multivariate Cointegration Technique -- The Markov Switching-Vector Error Correction Model -- Data and Empirical Results -- Summary and Concluding Remarks -- Acknowledgments -- References -- A Dynamic Gravity Model for Global Bilateral Investment Holdings -- Introduction -- The Data and Motivation -- Bilateral Investment Decision and State Dependence -- Empirical Strategy -- Econometric Methodology -- Empirical Analysis -- Static Random Effects Models of Bilateral Investment Holdings -- Dynamic Random Effects Models of Bilateral Investment Holdings -- Conclusions -- References -- Appendix A: Countries -- Appendix B: Description of control variables -- Appendix C: Descriptive statistics of control variables -- Does China's International Competitiveness Fluctuate in Consistency with PPP Equilibrium? -- Introduction -- China's Exchange Rate Policy and Global Imbalances -- Econometric Methodology -- Two-Regime TAR Model -- Testing for the Linearity Hypothesis -- Testing for the Unit Root Hypothesis -- Data and Preliminary Empirical Results -- Evidence from Linear Unit Root Tests -- Testing the Linearity Hypothesis -- Estimated TAR Unit Root Tests -- Real Exchange Rate of Yuan Against the U.S. Dollar -- Real Exchange Rate of Yuan-The Japanese Yen -- Summary and Concluding Remarks -- Acknowledgments -- References -- Linkages between the Eurozone and the South-Eastern European Countries: A VECMX* Analysis -- Introduction -- Country-Specific Models -- Data and Model Specification -- Country-Specific Cointegration Models -- Generalized Impulse Response Functions -- Concluding Remarks -- References
Predicting Economic Activity with Financial Market Data in a Small Open Economy: Revisiting Stylized Facts During Economic Turbulence -- Introduction -- The Model Setup and Data -- Forecasting Models -- Data -- Empirical Analysis -- In-Sample Analysis -- Out-of-Sample Forecasting Results -- Analysis of the Forecasting Results -- Conclusions -- References -- What Drives the Bank-Firm Relationship? A Case Study of the Polish Credit Market -- Introduction -- Literature Review -- The Lender-Borrower Relationship: Definitions -- Sources of Information about Relationship Banking -- Determinants of the Number of Relationships with Banks -- The Number of Bank-Firm Relationships in Poland: A Descriptive Analysis -- Bank-Firm Relationships in Poland: Basic Information -- Panel Data Analysis -- Research Method and Data Set -- Main Hypothesis -- Estimation Results Based on Panel Data -- Conclusion -- Acknowledgment -- References -- Appendix: Breakdown of Relationships with Banks and Estimation Results
Banking sector transformation, economic growth and inequality and exchange rate arrangements are critical issues whose importance has been highlighted during the recent financial crisis. This volume contains new research on the relationships between economic growth, inequality and the financial sector
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Kouretas, Georgios P. Macroeconomic Analysis and International Finance Bingley : Emerald Publishing Limited,c2014 9781783507559
Subject Finance International.;International finance.;Macroeconomics
Electronic books
Alt Author Papadopoulos, Athanasios P
Barnett, William
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