Outputs (393)

The credit crunch – the right time for credit unions to strike? (2009)
Journal Article

The origins of the cooperative movement can be traced to the Rochdale Society of Equitable Pioneers in 1844, from which similar institutions emerged in Central Europe, the North American continent and the rest of the world. Modern credit unions evolv... Read More about The credit crunch – the right time for credit unions to strike?.

How to set the hurdle rate for capital investments (2009)
Book Chapter

EXECUTIVE SUMMARY
• There exists a wide range of approaches to setting the hurdle rate for capital investments.
• It is essential that we do not set the hurdle rate too high, thereby foregoing valuable investment opportunities, or too low, thereby... Read More about How to set the hurdle rate for capital investments.

Book review: Chris Mallin and Kean Ow-Yong, Corporate governance in alternative investment market (AIM) companies x+119pp., £15.00, Institute of Chartered Accountants of Scotland, Edinburgh, United Kingdom (2008) ISBN 978-1-904574-44-6 (2008)
Journal Article

Book review for the British Accounting Review

Credit risk premium in a disaster-prone world (2008)
Presentation / Conference Contribution

The seminal Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events("disasters") allowed for leverage in the form of risky corporate debt which defaulted only in states when the Government defaulted on its debt.... Read More about Credit risk premium in a disaster-prone world.

From rhetorics to practice in monetary policy: A Romanian perspective (2008)
Presentation / Conference Contribution

In August 2005, the National Bank of Romania changed its monetary policy framework in an attempt to sharpen its influence on monetary conditions in the economy. It replaced the strategy of targeting monetary aggregates used since 1990 with inflation... Read More about From rhetorics to practice in monetary policy: A Romanian perspective.

The secret life of UK trade credit supply: Setting a new research agenda (2008)
Journal Article

Trade credit management represents an important strategic opportunity for firms to enhance performance, liquidity and profitability. This paper synthesises existing understandings of trade credit, with particular (but not exclusive) reference to the... Read More about The secret life of UK trade credit supply: Setting a new research agenda.

A stages approach to banking development in transition economies (2008)
Journal Article

Credit shortages are widely thought to explain the output contraction in former Soviet Union (FSU) countries during the 1990s. It is argued here that these shortages were the result of an ahistorical approach to policymaking which ignored the time ne... Read More about A stages approach to banking development in transition economies.

Rare disasters and the equity risk premium in a two-country world (2008)
Presentation / Conference Contribution

We extend the Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events ("disasters") to a two-country world. In this more general setting, both the output risk of rare disasters and the associated risk of a defau... Read More about Rare disasters and the equity risk premium in a two-country world.

Backtesting trading risk of commercial banks using expected shortfall (2008)
Journal Article

This paper uses saddlepoint technique to backtest the trading risk of commercial banks using expected shortfall. It is found that four out of six US commercial banks have excessive trading risks. Monte Carlo simulation studies show that the proposed... Read More about Backtesting trading risk of commercial banks using expected shortfall.

Decision-making at the Bank of England: A critical appraisal (2008)
Journal Article

This paper investigates the process of decision-making within the Bank of England and the Monetary Policy Committee (MPC): specifically, the extent of triangulation in the process. Triangulation is the mixing of two or more methods, investigators, th... Read More about Decision-making at the Bank of England: A critical appraisal.

Credit Union legislative frameworks in the United States of America and the United Kingdom - A flexible friend or a step towards the dark side? (2008)
Journal Article

This article questions the findings of several studies which have concluded that the Credit Unions Act 1979 was a factor limiting the growth of credit unions in the United Kingdom (UK). The author's conclusions are based upon an analysis of the amend... Read More about Credit Union legislative frameworks in the United States of America and the United Kingdom - A flexible friend or a step towards the dark side?.

An unhappy coupling (2008)
Journal Article

Accounting for financial instruments in Turkish accounting standards (2008)
Journal Article

The Turkish Accounting Standards Board (TMSK) issued TMS 32, "Financial Instruments: Disclosure and Presentation” and TMS 39, “Financial Instruments: Recognition and Measurement” in 2006, and TFRS 7, “Financial Instruments: Disclosures” in 2007. Thes... Read More about Accounting for financial instruments in Turkish accounting standards.

Keynes’s relevance in the new millennium (2008)
Journal Article

This paper examines aspects of the economics of J M Keynes for the relevance that they may have to a number of current issues particularly those faced by central banks in the second half of 2008. In particular, we shall see that Keynes’s view of the... Read More about Keynes’s relevance in the new millennium.

Pluralism and heterdoxy: Introduction to the special issue (2008)
Journal Article

Teaching and learning experience in accounting (2008)
Journal Article

This paper describes teaching methods and other aspects of accounting education based on the experience in two different accounting modules from one UK institution. The aim of the paper is to show how teaching techniques are used in accounting educat... Read More about Teaching and learning experience in accounting.

Hidden money (2008)
Journal Article

The financial services authority and money laundering: A game of cat and mouse (2008)
Journal Article

Money laundering is one of those problems that is very hard to get a grip on. © 2008, Cambridge Law Journal and Contributors. All rights reserved.

Bursting the mortgage bubble (2008)
Journal Article

Monetary policy transparency in the UK: The impact of independence and inflation targeting (2007)
Journal Article