The Experts below are selected from a list of 347997 Experts worldwide ranked by ideXlab platform
Joseph E Stiglitz - One of the best experts on this subject based on the ideXlab platform.
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Capital Market liberalization and development
2008Co-Authors: Jose Antonio Ocampo, Joseph E StiglitzAbstract:1. Capital Account Liberalization and Development 2. The Benefits and Risks of Financial Globalization 3. Capital Market Liberalization, Globalization, and the IMF 4. From the Boom in Capital Inflows to Financial Traps 5. Poverty and Inequality 6. Capital Management Techniques in Developing Countries: Managing Capital Flows in Malaysia, India, and China 7. Role of Preventative Capital Account Regulation 8. The Malaysian Experience in Financial-Economic Crisis Management: An Alternative to the IMF-style approach 9. Domestic Financial Regulations in Developing Countries 10. The Pro-Cyclical Impact of Basle II on Emerging Markets 11. Derivatives and CML 12. Codes and Standards
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Capital Market liberalization globalization and the imf
Oxford Review of Economic Policy, 2004Co-Authors: Joseph E StiglitzAbstract:One of the most controversial aspects of globalization is Capital-Market liberalization--not so much the liberalization of rules governing foreign direct investment, but those affecting short-term Capital flows, speculative hot Capital that can come into and out of a country. In the 1980s and 1990s, the IMF and the US Treasury tried to push Capital-Market liberalization around the world, encountering enormous opposition, not only from developing countries, but from economists who were less enamoured of the doctrines of free and unfettered Markets, of Market fundamentalism, that were at that time being preached by the international economic institutions. The economic crises of the late 1990s and early years of the new millennium, which were partly, or even largely, attributable to Capital-Market liberalization, reinforced those reservations. This paper takes as its point of departure a recent IMF paper, to provide insights both into how the IMF could have gone so wrong in its advocacy of Capital-Market liberalization and into why Capital-Market liberalization has so often led to increased economic instability, not to economic growth. Copyright 2004, Oxford University Press.
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Capital Market liberalization economic growth and instability
World Development, 2000Co-Authors: Joseph E StiglitzAbstract:Summary. — This paper reviews briefly the arguments for Capital Market liberalization, and identifies their theoretical and empirical weaknesses. This provides the foundations for the argument for intervention in short-term Capital flows. The paper concludes with a brief discussion of the various ways in which such interventions may be implemented. ” 2000 Elsevier Science Ltd. All rights reserved.
Bian Zhi-cun - One of the best experts on this subject based on the ideXlab platform.
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The Transmission Mechanism of Capital Market of Monetary Policy
Journal of Nanjing Normal University, 2004Co-Authors: Bian Zhi-cunAbstract:With the rapid development of Capital Market in China, the traditional transmission channels of monetary policy have been weakened. The Capital Market is playing a more and more important role in the transmission process of monetary policy. This paper analyzes the main transmission channels of monetary policy via Capital Market and modifies the classical IS-LM model to reflect the function of transmission mechanism of Capital Market in deciding the level of equilibrium GDP. However, there are many problems in the transmission mechanism of Capital Market of monetary policy in reality at present, which influence the real effect of monetary policy strictly. Therefore, it is time to take positive measures to perfect the transmission function of Capital Market and enhance the effectiveness of monetary policy in China.
Petros Sivitanides - One of the best experts on this subject based on the ideXlab platform.
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office Capitalization rates real estate and Capital Market influences
1999Co-Authors: Rena Sivitanidou, Petros SivitanidesAbstract:Focusing on the office Capitalization rate, the central objective of this paper is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance of its local-fixed and time-variant components and the significance of persistence in its time trends. The second centers on the relative importance of local office Markets vis-a-vis the national Capital Market in shaping its various components. Extensive econometric analysis of Capitalization rate series employed to address these issues highlights the existence of both local-fixed and time-variant effects, while indicating differential persistence of time trends across Markets. Moreover, such analysis uncovers the pivotal role of specific local office Market traits and the lesser role of national Capital Market features in determining office Capitalization rate variations. Such findings on the role of local influences may provide a richer foundation for asset valuation and investment practices.
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office Capitalization rates real estate and Capital Market influences
Journal of Real Estate Finance and Economics, 1999Co-Authors: Rena Sivitanidou, Petros SivitanidesAbstract:Focusing on the office Capitalization rate, the central objective of this article is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance of local-fixed and time-variant components of the office Capitalization rate, and the significance of persistence in its time trends. The second centers on the relative importance of local office Markets and the national Capital Market in shaping the various components of the office Capitalization rate. Extensive econometric analysis of Capitalization-rate series employed to address these issues highlights the existence of both local fixed and time-variant effects, while indicating differential persistence of time trends across Markets. Moreover, such analysis uncovers the pivotal role of specific local office-Market traits and the lesser role of national Capital-Market features in determining office Capitalization-rate variations. Such findings on the role of local influences may provide a richer foundation for asset valuation and investment practices.
William R. Folks - One of the best experts on this subject based on the ideXlab platform.
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A Test for Increased Capital Market Integration
The Financial Review, 1996Co-Authors: Alan Alford, William R. FolksAbstract:This study examines the pricing of assets under differential ownership restrictions. A model is developed which yields a coefficient of integration that is dimension free and is directly related to the strength of all barriers to international investment. These characteristics enable an intertemporal comparison of the level of Capital Market integration. The model is then used to test the hypothesis of increased Capital Market integration over time. Using data from Morgan Stanley Capital International and analyzing them with the nonparametric Page test, support is found for this hypothesis. The results are robust to the currency numeraire used. Copyright 1996 by MIT Press.
Rena Sivitanidou - One of the best experts on this subject based on the ideXlab platform.
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office Capitalization rates real estate and Capital Market influences
1999Co-Authors: Rena Sivitanidou, Petros SivitanidesAbstract:Focusing on the office Capitalization rate, the central objective of this paper is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance of its local-fixed and time-variant components and the significance of persistence in its time trends. The second centers on the relative importance of local office Markets vis-a-vis the national Capital Market in shaping its various components. Extensive econometric analysis of Capitalization rate series employed to address these issues highlights the existence of both local-fixed and time-variant effects, while indicating differential persistence of time trends across Markets. Moreover, such analysis uncovers the pivotal role of specific local office Market traits and the lesser role of national Capital Market features in determining office Capitalization rate variations. Such findings on the role of local influences may provide a richer foundation for asset valuation and investment practices.
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office Capitalization rates real estate and Capital Market influences
Journal of Real Estate Finance and Economics, 1999Co-Authors: Rena Sivitanidou, Petros SivitanidesAbstract:Focusing on the office Capitalization rate, the central objective of this article is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance of local-fixed and time-variant components of the office Capitalization rate, and the significance of persistence in its time trends. The second centers on the relative importance of local office Markets and the national Capital Market in shaping the various components of the office Capitalization rate. Extensive econometric analysis of Capitalization-rate series employed to address these issues highlights the existence of both local fixed and time-variant effects, while indicating differential persistence of time trends across Markets. Moreover, such analysis uncovers the pivotal role of specific local office-Market traits and the lesser role of national Capital-Market features in determining office Capitalization-rate variations. Such findings on the role of local influences may provide a richer foundation for asset valuation and investment practices.
