Outputs (393)

Financial crisis and the rise of China's state-owned banking sector: a DEA and SFA analysis (2009)
Presentation / Conference Contribution

The US credit crunch had generated substantial turmoil over the global financial market and directly caused the collapse of several world banking giants. Nonetheless, Chinese commercial banks decoupled from the rest of the world and achieved remarkab... Read More about Financial crisis and the rise of China's state-owned banking sector: a DEA and SFA analysis.

Modelling issues in the relationship between audit and non-audit fees (2009)
Journal Article

Purpose The purpose of this paper is to examine modelling issues in the research of the relationship between audit and non-audit fees by comparing the outcome of a single-equation model of fees to the results of simultaneous equation model (SEM) of t... Read More about Modelling issues in the relationship between audit and non-audit fees.

Congestion in the Chinese automobile and textile industries revisited (2009)
Journal Article

This paper re-examines a problem of congested inputs in the Chinese automobile and textile industries, which was identified by Cooper et al. [5]. Since these authors employed a single approach in measuring congestion, it is worth exploring whether a... Read More about Congestion in the Chinese automobile and textile industries revisited.

Islamophobia or an important weapon An analysis of the US financial war on terrorism (2009)
Journal Article

This article considers the impact of the terrorist attacks of September 11, 2001 (9/11) on the legislative and policy response by the United States towards terrorist financing. This article is divided into three parts. Part 1 considers the alleged as... Read More about Islamophobia or an important weapon An analysis of the US financial war on terrorism.

The Foundations of Non-equilibrium Economics (2009)
Book

This book deals with the foundations of non-equilibrium economics.

Information-based trade in the Shanghai stock market (2009)
Journal Article

We show that the probability of information-based trade (PIN) played a significant role in explaining monthly returns on Shanghai A shares over the period 2001 to 2006. In particular, PIN, as approximated by order imbalance as a proportion of total t... Read More about Information-based trade in the Shanghai stock market.

Congestion in the new British universities: A further analysis (2009)
Journal Article

The focus of this paper is on the problem of congestion, which refers to a situation where the use of a certain input has increased by so much that output has actually fallen. This problem is explored using the methodological framework proposed by Fä... Read More about Congestion in the new British universities: A further analysis.

Banking sector development in Uzbekistan: A case of mixed blessings? (2009)
Journal Article

Using grass-roots-level data, this article analyzes factors that contribute to the current backwardness of the Uzbek banking sector. The study attempts to show that despite considerable progress achieved in terms of modernizing payments systems, embr... Read More about Banking sector development in Uzbekistan: A case of mixed blessings?.

The economic psychology of stock market bubbles in China (2009)
Journal Article

The Chinese stock markets were extremely volatile during the period 2005-08. The Shanghai Stock Exchange (SSE) Composite Index increased more than sixfold from 1,012 in 2005 to 6,124 by the end of 2007. It then declined continuously to reach a low of... Read More about The economic psychology of stock market bubbles in China.

Can price limits help when the price is falling? Evidence from transactions data on the Shanghai Stock Exchange (2009)
Journal Article

We use transactions data to explore the magnet effects of price limit rules on the Shanghai Stock Exchange (SHSE). When limit hits are imminent, stock prices are found to approach the price limits at faster rates, with higher trading intensity and la... Read More about Can price limits help when the price is falling? Evidence from transactions data on the Shanghai Stock Exchange.

Informed trading and liquidity in the Shanghai Stock Exchange (2009)
Journal Article

Dufour and Engle (J. Finance (2000) 2467) find evidence of increased presence of informed traders when the NYSE markets are most active. No such evidence, however, can be found by Manganelli (J. Financial Markets (2005) 377) for the infrequently trad... Read More about Informed trading and liquidity in the Shanghai Stock Exchange.

Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004 (2009)
Journal Article

In recent years, the number of downgrades in UK corporate credit ratings has exceeded the number of upgrades, leading some to conclude that the credit quality of UK companies has deteriorated. However, another explanation is that the credit rating ag... Read More about Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004.

The Credit Crunch- Are credit unions able to ride out the storm ? (2009)
Journal Article

Credit unions are financial co-operatives that conduct their business for their members. The principal purpose of a credit union is to receive deposits from and make loans to members. They do not serve the general public. Membership is restricted by... Read More about The Credit Crunch- Are credit unions able to ride out the storm ?.

Market imperfections and the information content of implied and realized volatility (2009)
Journal Article

The information content of option implied volatility and realized volatility under market imperfections are studied in the context of GARCH modeling and volatility forecasts of Taiwan stock market (TAIEX) returns. Consistent with most studies, we fin... Read More about Market imperfections and the information content of implied and realized volatility.

Independent central banks: some theoretical and empirical problems (2009)
Journal Article

In little more than twenty years, it has become widely accepted that the optimal design of monetary policy should include provision for a central bank that is independent of government influence. This is a remarkably short period of time for any idea... Read More about Independent central banks: some theoretical and empirical problems.

Money and banking in a realistic macro-model (2009)
Book Chapter

In this paper, in section 2, we review the latest suggestions for dispensing with the LM curve, focusing primarily on the (quite similar) Bofinger, Mayer and Wollmershäuser (2005) and Carlin and Soskice (2005 and 2006) approaches. The novelty, howeve... Read More about Money and banking in a realistic macro-model.

Realism (2009)
Book Chapter

Recent developments in Post Keynesian methodology and their relevance for understanding environmental issues (2009)
Book Chapter

Credit policies and processes (2009)
Book Chapter

The acquisition directive and the credit crunch – the perfect couple or a match made in hell? (2009)
Journal Article