Рубрика: Финансы. Банковское дело. Инвестиции

Процветание и депрессия. Теоретический анализ циклических колебаний

Процветание и депрессия. Теоретический анализ циклических колебаний

Готфрид Хаберлер — один из крупнейших экономистов XX в., получивший известность прежде всего своими работами по теории экономических циклов и теории международной торговли. Исследование состояния теории циклов было заказано ему Лигой Наций в разгар Великой депрессии. Первое издание книги «Процветание и депрессия» появилось в 1937 г. Затем последовали второе (1939) и третье (1941) издания, в которых было отражено развитие теории циклов в связи с появлением знаменитого сочинения Дж.М.Кейнса (гл. 8, 12 и ч. 3). Первая часть представляет собой исчерпывающий анализ всех существовавших на момент написания книги теорий экономического цикла. Во второй части автор сделал попытку дать собственное «синтетическое» объяснение циклической динамики экономического развития. Изначально разделяя воззрения австрийской школы на природу экономического цикла, Хаберлер частично воспринял кейнсианские рецепты выхода из депрессии. Критикуя некоторые аспекты кейнсианского подхода (например, соотношение между мультипликатором и склонностью к потреблению), Хаберлер представил логику Кейнса (абсолютно новую для того времени и довольно сумбурно изложенную самим автором) в терминах, понятных для студента-первокурсника. Данное издание предваряется статьей Г.Хаберлера «Деньги и экономический цикл» (1932), считающейся лучшим кратким объяснением теории экономического цикла австрийской школы.

Раздел: Финансы. Банковское дело. Инвестиции

An empirical analysis of China’s long run equilibrium exchange rate

An empirical analysis of China’s long run equilibrium exchange rate

This study represents an empirical analysis of the extent to which China’s currency deviates from its long run equilibrium path. The research is based on a cointegrated econometric model of the exchange rate between the Chinese RMB and the American dollar. Using the econometric model, a series of long run equilibrium values for the RMB/USA rate is computed, which is then compared to its historical values in order to derive a time path for extent of disequilibrium.

Раздел: Финансы. Банковское дело. Инвестиции

Personal Investment: financial planning in an uncertain world

Personal Investment: financial planning in an uncertain world

This innovative new teaching text provides an introduction to personal investment in a world defined by uncertainty. With a focus on risk, socio-economic change and the regulatory framework, and a wealth of international case studies, the book covers all the key issues that affect personal investment decisions and their ultimate success or failure.

Раздел: Финансы. Банковское дело. Инвестиции

Перестройка. «Новое мышление» в банковской системе СССР

Перестройка. «Новое мышление» в банковской системе СССР

Книга содержит научный анализ процесса реформирования советской банковской системы в 1985-1991 годах. Рассматриваются роль и сущность советских банков в их воздействии на развитие экономики государства. Для историков и экономистов, преподавателей, аспирантов и студентов исторических и экономических специальностей, а также всех тех, кто интересуется историей банковской системы России.

Раздел: Финансы. Банковское дело. Инвестиции

Macroeconomic Variables & Stock Return Volatility:Econometric Analysis

Macroeconomic Variables & Stock Return Volatility:Econometric Analysis

The increasing importance of Stock markets around the world has recently opened a new avenue of research into the relationships between Stock Market and Macroeconomic Variables. It is now a highly debatable area that stock market contributes to economic growth or the other way economic growth contributes to stock market. Researchers continuously make efforts on defining the relationship of stock market and macroeconomic variables. It has now become more difficult to define the relationships between them in the context of increased scarcity of resources, bilateral and multilateral free trade agreements, economic crises, rapidly changing political scenarios and high uncertainty and risks due to world wide terrorist activities. This book provides an insight into the stock market of Pakistan with special focus on macroeconomic variables like inflation,GDP etc effecting the Karachi Stock Exchange (KSE).

Раздел: Финансы. Банковское дело. Инвестиции

Portfolio Performance

Portfolio Performance

This book delineates the Portfolio Performance of BSE Stocks using Multi Factor Model. The Capital Markets are the backbone of the corporate sector because they mobilize sufficient fund required for their development. Every investor, to some extent, is aware of the trade-off between risk-return, but they do not know about what amount of risk is involved in every stock. They do not have deep knowledge about the amount of risk and the kind of risks affecting their investment in particular and market in general. Earning the return in excess of risk free return is not an easy task as number of factors tends to influence the price of stock. Therefore, the study identified the list of significant variables among the alternative measures of risk, other than beta and developed a Multi Factor Model for return on portfolio investment. Further, it explains to the investors how different tools can be used to evaluate the relationship between risk and return associated with every asset and encourages them towards making correct investment decisions. In short, the book explains how returns in Excess of Risk Free Return could be achieved from investments in the Indian Share Market.

Раздел: Финансы. Банковское дело. Инвестиции

Eligibility Criteria for Granting loans: Conventional vs Islamic Banks

Eligibility Criteria for Granting loans: Conventional vs Islamic Banks

Loan granting is one of the primary functions of the banks. Everyone wants loan to meet their need but not all are eligible. This is because lenders use eligibility criteria to pin point those applicants who are most likely to default on their credit agreement. The key objective of this study is to identify the factors included in the eligibility criteria for granting loans and then to compare the eligibility criteria for granting loans of conventional banks with Islamic banks. A total of 50 sample was tested in this research. 25 samples were taken from Conventional banks and 25 from Islamic banks. Theoretical framework includes credit score, employment status, repayment history, financial stability, and collateral. Regression Analysis was used to check out the inter dependency among the relevant components and to test the hypothesis empirically.The results and findings of this research paper are fundamental to both researchers and the practitioners

Раздел: Финансы. Банковское дело. Инвестиции

CAR SHOPPING MADE EASY : Buying or Leasing, New or Used: How to Get the Car You Want at the Price You Want to Pay (Money, America’s Financial Advisor Series)

CAR SHOPPING MADE EASY : Buying or Leasing, New or Used: How to Get the Car You Want at the Price You Want to Pay (Money, America’s Financial Advisor Series)

Money(r) magazine, the leading name in personal finance, puts readers on the inside track to buying or leasing a great new or used car-and getting more for their money. With the average price paid for a new car now around $20,000, shopping for a new set of wheels has never been a more serious proposition. And with a proliferation of lease deals, no-haggle dealers, and car-shopping services, most consumers need practical, factual, and effective help.This book, written by car-shopping expert and Money(r) magazine senior writer Jerry Edgerton, has been fully revised and updated to include using the Internet to gather all the information you need to find the right car and the right deal.

Раздел: Финансы. Банковское дело. Инвестиции

Anomalous Behavior of Stock Prices in India- Volume II

Anomalous Behavior of Stock Prices in India- Volume II

It is matter of great pleasure to present this book to the readers. This book is an outcome of my doctoral work and has been presented in two volumes under the title Anomalous Behavior of Stock Prices in India. A. Anomalous Behavior of Stock Prices in India-Volume I (A Study of Calendar Anomalies) B. Anomalous Behavior of Stock Prices in India-Volume II (A Study of Firm Characteristics Anomalies) A thorough study has been done to examine anomalous behavior of stock prices on Indian stock market for a comprehensive period of around ten years. The results discussed in the book can be very useful for the reader in understanding the stock price behavior during various times in a calendar year and how investors can compose various profitable investment strategies by timing their investment decisions. Volume I of the book has discussed the Calendar Anomalies in Indian Stock Market. And Volume II has explained various firm specific parameters which can help the investor in getting extra ordinary returns. It tells about the performance of value and growth stocks.

Раздел: Финансы. Банковское дело. Инвестиции

Финансовый кризис

Финансовый кризис

Известный экономический обозреватель Максим Блант делится своими размышлениями о причинах мирового финансового кризиса, путях его развития и возможных последствиях, а также дает практические рекомендации по выживанию и зарабатыванию денег в период кризиса.

Раздел: Финансы. Банковское дело. Инвестиции