Journal of Economics Bibliography
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217 research outputs found
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Asset Princes and Wealth Dynamics with Heterogeneous Beliefs [Varlık Fiyatları ve Heterojen Düşünceler ile Servet Dinamikleri]
No full textBiz, bu makalede hibeler, öncellerin (priors) ve bilgi akışlarının özdeş kalıplarıyla ancak tam piyasalar ve tüketicilerin sadece tekil risksiz tahvillerle işlem yapabildikleri iki farklı piyasa yapıları ile risk piyasa fiyatlarını karşılaştıracağız. Makalede spekülasyon fırsatlarının, olağandışı önceki olayların ve öğrenmenin risk piyasa fiyatlarını nasıl etkilediği incelenmektedir. İki tip tüketici, rastgele bir dış kaynaklı hibe konusunda devinim yasaları ile ilgili çeşitli inançlara sahiptirler. Birinci tip tüketici devinim yasalarını biliyorken, diğer tip tüketici Bayes’in teoremi üzerinden bu yasayı öğrenmektedir. Az bilgili tüketici, başlangıçta yıkıcı durumun olasılığını abartmasından dolayı kötümserdir. Tüketicileri harekete geçiren öğrenme dinamikleri ve servet dinamikleri, piyasa yapıları arasındaki risk piyasa fiyatlarındaki evrimin farklılıklarına katkı sağlamaktad
The Preferences and Investment Behaviour of Small Investors in the Hong Kong Bank Stock Market
No full textThis paper investigates the behaviour of small investors in the Hong Kong bank stock market.The objective of this study was to researchthe factors, investing characteristics, and decision making processes. Informed by behavioural finance, we develop four hypotheses regarding the opinions and investment behaviour of small investors in the Hong Kong bank stock market. These hypotheses are then tested with the data collected from 1,054 small investors via a survey. By doing so, we hope to contribute to the study of behavioural finance in the setting of an Asian financial centre, namely Hong Kong.Keywords. Behavioral finance, Investment behavior, Small investors, Hong Kong.JEL. E22, G02, G10
Quantitative Easingand U.S. Financial Asset Returns
No full textAbstract. This paper is a comprehensive study of the unconventional monetary policy taken by the Federal Reserve since the financial crisis of 2008, specifically on the purchases of different assets by the Fed to change medium and long-term rates. Included in this study are the three rounds of quantitative easing, and the two rounds of Operation Twist. A study as such is needed in order to examine if the Fed’s purchases of these various long-term assets had any effect on the financial markets in the longer term perspective since the first announcement of the first round of purchase in November 2008. While there exists a variety of literature on the effects of quantitative easing on Treasuries and mortgage backed securities, there is no single study comprising of all the large scale asset purchases by the Fed, covering their effects on all major financial assets. This study is an attempt to fill this void in current literature on quantitative easing.Keywords. Unconventional Monetary Policy, Quantitative Easing, the Federal Reserve.JEL. E52, E58, G14
An Overview Online Securities Trading Service in Hong Kong
No full textAbstract. The objective of this study is to examine the online securities trading service in Hong Kong. The upward trend in the contribution of retail online trading to total turnover value of online brokers continued, reaching 29% in 2013/14.However, international standards of anti-money laundering and counter-terrorist financing are set by the Financial Action Task Force. We expect that the client opening procedures (especially anti-money laundering) cannot satisfy both U.S. Securities and Exchange Commission and Hong Kong Securities and Futures Commission regulators. Some online brokerages will close their business in Hong Kong.Keywords. Online Securities, Anti-money laundering, Hong Kong.JEL. G20, G24
Paul Regine, The Political Economy of Border Drawing. Arranging Legality in European Labor Migration Policies
No full textBook Revie
The Internationalization of Mexican Fisheries Companies and the Rise of Theire Exports to the Italian Market
No full textOpening up trade under the guidelines of trade agreements is presented as an area of opportunity for Mexico to diversify markets.Reality demonstrates that U.S. and Mexico hold a large concentration of commercial transactions. In the case of fishery products, the European Union, particularly the Italian market is presented as a great potential to achieve this market diversification. Therefore, in this research the characteristics of the European market are analyzed. Their purchasing power and the advantages and disadvantages for Mexican exports, particularly those derived from fishery products.Keywords. Trade Agreements, International Business, EU, Markets.JEL. F13, F23, F15, D47
E. Shizha & L. Diallo, Africa in the Age of Globalisation: Perceptions, Misperceptions and Realities
No full textAbstract. This text makes interesting reading. Africa in the age of globalisation is composed of four parts, each focusing on a specific theme. Part 1 Social and institutional development has four chapters, Part 2 Technology and global partnerships also has four chapters, while Part 3 Gender, migration and settlement and Part 4 Education and globalisation in Africa have three chapters each. Altogether the book has fourteen chapters. There is a striking link between the title of the text and the chapters covered. For instance, a closer look at the book shows that all the chapters fall within the purview of the phenomenon of globalisation. The chapters were written by authors from different academic backgrounds. This is a refreshing approach in that globalisation can be viewed differently by authors from various disciplines thereby avoiding projecting a monolithic view of the social phenomenon under discussion
