Economic Growth and Financial Development

Economic Growth and Financial Development

Author: Muhammad Shahbaz

Publisher: Springer Nature

Published: 2021-09-21

Total Pages: 245

ISBN-13: 3030790037

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This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.


Volume and the Nonlinear Dynamics of Stock Returns

Volume and the Nonlinear Dynamics of Stock Returns

Author: Chiente Hsu

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 136

ISBN-13: 3642457657

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This manuscript is about the joint dynamics of stock returns and trading volume. It grew out of my attempt to construct an intertemporal asset pricing model with rational agents which can. explain the relation between volume, volatility and persistence of stock return documented in empirical literature. Most part of the manuscript is taken from my thesis. I wish to express my deep appreciation to Peter Kugler and Benedikt Poetscher, my advisors of the thesis, for their invaluable guidance and support. I wish to thank Gerhard Orosel and Gerhard Sorger for their encouraging and helpful discussions. Finally, my thanks go to George Tauchen who has been generous in giving me the benefit of his numerical and computational experience, in providing me with programs and in his encouragement. Contents 1 Introduction 1 7 2 Efficient Stock Markets Equilibrium Models of Asset Pricing 8 2. 1 2. 1. 1 The Martigale Model of Stock Prices 8 2. 1. 2 Lucas' Consumption Based Asset Pricing Model 9 2. 2 Econometric Tests of the Efficient Market Hypothesis 13 2. 2. 1 Autocorrelation Based Tests 14 16 2. 2. 2 Volatility Tests Time-Varying Expected Returns 25 2. 2. 3 3 The Informational Role of Volume 29 3. 1 Standard Grossman-Stiglitz Model 31 3. 2 The No-Trad Result of the BEO Model 34 A Model with Nontradable Asset 37 3. 3 4 Volume and Volatility of Stock Returns 43 4. 1 Empirical and Numerical Results 45 4.


Volume Based Portfolio Strategies

Volume Based Portfolio Strategies

Author: Alexander Brändle

Publisher: Springer Science & Business Media

Published: 2010-06-28

Total Pages: 345

ISBN-13: 3834987166

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Alexander Brändle investigates the relationship between different measures of trading volume and returns in the Swiss stock market. He discovers that stocks with unusual trading volume in a given month experience systematically higher subsequent returns.


The International Guide to Securities Market Indices

The International Guide to Securities Market Indices

Author: Henry Shilling

Publisher: Routledge

Published: 2017-11-30

Total Pages: 1066

ISBN-13: 1351343947

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Originally published in 1996, The International Guide to Securities Market Indices provides a comprehensive overview of the securities market indices and offers assistance to professionals as well as individual investors in the selection of an appropriate securities market index, on a worldwide basis. The Guide’s identifies and catalogues available performance indicators along with their publishers and describes their relevant characteristics and a perspective on their historical price and total return performance. It also contains descriptive profiles along with historical performance data on 400 of the world’s leading global, regional and local securities market indices and sub-indices covering 10 asset classes.


Regional Economic Development in the Balkan Region

Regional Economic Development in the Balkan Region

Author: Teoman Duman

Publisher: Cambridge Scholars Publishing

Published: 2016-01-14

Total Pages: 355

ISBN-13: 1443887617

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This edited volume brings together original scientific studies on current economic and developmental issues in the Balkan region, and is composed of papers by 25 authors from seven different countries. The Balkan region has gained significant interest in recent years due to its location and strategic position, representing a doorway to Europe, and the region’s stability and progress have direct consequences on various European countries. Because of this strategic position, there is currently much debate regarding a potential partnership of the Balkan states with the European Union. This book offers insights into the current economic and developmental status of the countries in this region, offering a series of chapters that analyse the area from a variety of perspectives. It begins with a discussion on the recent history of the region, especially with reference to the former Yugoslavia and its break-up after the turbulence experienced in 1990s. Other sections are complementary to each other in that they offer comparisons of the Balkan states in their economic progress at the micro and macro levels. Topics such as European integration policies and effects, economic transition, regional trade, tax incentive policy, regional capital markets, regional development agencies and systems, remittances and foreign aid contributions, import-export policies, fiscal policies, analysis of regional microfinance, and the tourism sectors are explored in detail throughout the book.


Handbook of Environmental Fluid Dynamics, Two-Volume Set

Handbook of Environmental Fluid Dynamics, Two-Volume Set

Author: Harindra Joseph Fernando

Publisher: CRC Press

Published: 2012-12-11

Total Pages: 1197

ISBN-13: 1466591145

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With major implications for applied physics, engineering, and the natural and social sciences, the rapidly growing area of environmental fluid dynamics focuses on the interactions of human activities, environment, and fluid motion. A landmark for the field, this two-volume handbook presents the basic principles, fundamental flow processes, modeling techniques, and measurement methods used in the field, along with critical discussions of environmental sustainability related to engineering aspects. The first volume provides a comprehensive overview of the fundamentals, and the second volume explores the interactions between engineered structures and natural flows.


Information Sciences 2007 - Proceedings Of The 10th Joint Conference

Information Sciences 2007 - Proceedings Of The 10th Joint Conference

Author: Paul P Wang

Publisher: World Scientific

Published: 2007-07-18

Total Pages: 1709

ISBN-13: 9814474487

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This proceeding contains the cutting-edge research results in information science and technology, and their related technology. Recent scientific breakthroughs such as invisibility cloak and meta-materials, data mining techniques, advanced game playing in artificial intelligence, nano-technology, unlikely event probability, and fuzzy logic reasoning are just a few outstanding examples. Walter Freeman's 80th birthday celebration is another highlight of this proceedings, because this major event is attended by many leading scientists from around the world. Key speakers include Charles Falco, Water Freeman, Thomas Huang, Meyya Meyyappan, Lotfi Zadeh, Bernette Bouchon Meunier, Heather Carlson, Ling Guan, Etienne Kerre and John Mordes.


Algorithmic Aspects in Information and Management

Algorithmic Aspects in Information and Management

Author: Weili Wu

Publisher: Springer Nature

Published: 2021-12-16

Total Pages: 456

ISBN-13: 3030931765

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This book constitutes the proceedings of the 15th International Conference on Algorithmic Aspects in Information and Management, AAIM 2021, which was held online during December 20-22, 2021. The conference was originally planned to take place in Dallas, Texas, USA, but changed to a virtual event due to the COVID-19 pandemic. The 38 regular papers included in this book were carefully reviewed and selected from 62 submissions. They were organized in the following topical sections: approximation algorithms; scheduling; nonlinear combinatorial optimization; network problems; blockchain, logic, complexity and reliability; and miscellaneous.


Contemporary Trends and Challenges in Finance

Contemporary Trends and Challenges in Finance

Author: Krzysztof Jajuga

Publisher: Springer

Published: 2018-04-27

Total Pages: 247

ISBN-13: 3319762281

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This volume includes a selection of the contributions presented at the Wroclaw conference in Finance, covering a wide range of topics in the area of finance. The articles reflect the extent, diversity and richness of research areas in the field. Discussing both fundamental and applied finance, it offers a detailed analysis of current financial-market problems including specifics of Polish and Central European markets. It also examines the results of advanced financial modeling. These proceedings are a valuable resource for researchers in universities and research and policy institutions, graduate students and practitioners in economics, finance and international economics in both private and government institutions.


Advances in Investment Analysis and Portfolio Management (New Series) Vol.9

Advances in Investment Analysis and Portfolio Management (New Series) Vol.9

Author: Cheng F. Lee

Publisher: Center for PBBEFR & Ainosco Press

Published: 2019-01-01

Total Pages:

ISBN-13: 9864371746

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Advances in Investment Analysis and Portfolio Management (New Series) is an annual publication designed to disseminate developments in the area of investment analysis and portfolio management. The publication is a forum for statistical and quantitative analyses of issues in security analysis, portfolio management, options, futures, and other related issues. The objective is to promote interaction between academic research in finance, economics, and accounting and applied research in the financial community.