Trade and Global Market最新文献

Struggles of Rural Micro, Small and Medium Enterprises for Bank Finance: Role of District Industries Centres in India 农村中小微企业争取银行融资的斗争:印度地区工业中心的作用

Trade and Global Market Pub Date : 2018-10-03 DOI: 10.5772/INTECHOPEN.75681

Maumita Choudhury

{"title":"Struggles of Rural Micro, Small and Medium Enterprises for Bank Finance: Role of District Industries Centres in India","authors":"Maumita Choudhury","doi":"10.5772/INTECHOPEN.75681","DOIUrl":"https://doi.org/10.5772/INTECHOPEN.75681","url":null,"abstract":"MSMEs are particularly important for emerging countries, primarily because of their potential in job creation. The MSEs are more than just GDP earners; they are instruments of inclusive growth which touch upon the lives of the most vulnerable, marginalised, women and the most skilled. Being the largest source of employment after agriculture, the MSE sector in India enables 650 lakh people. MSEs also act as ancillary industries for large scale industries. Yet, lack of access to finance is a major obstacle to their growth. In addition to limited development of industries in NER, there is limited availability of data on whatever industries exist there. Around 54% of industrial units are concentrated in Assam among NE states. There were 37,356 registered MSME units in Assam provid- ing employment to 2.05 lakh persons till the end of March 2013. The SLBC data showing the credit disbursals towards MSME sector by commercial banks inAssam do not show a favourable picture. Formal lending sector is always preferred over informal sector by the MSMEs. The study aims to find out the characteristics of MSMEs operating under rural villages in Assam and also the various problems encountered by them in obtaining finance from banks .","PeriodicalId":294445,"journal":{"name":"Trade and Global Market","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125648385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Can Fundamental Analysis Provide Relevant Information for Understanding the Underlying Value of a Company? 基本面分析能为理解公司的潜在价值提供相关信息吗?

Trade and Global Market Pub Date : 2018-10-03 DOI: 10.5772/INTECHOPEN.77464

Raúl Navas, Ana Paula Matias Gama, S. Bentes

引用次数: 0

Location Choice of Inward FDIs in Korea: The Case of Japanese FDIs with Unexpected Shock in Home 韩国外商直接投资的区位选择——以日本外商直接投资在国内遭遇意外冲击为例

Trade and Global Market Pub Date : 2018-10-03 DOI: 10.5772/INTECHOPEN.74446

Seok-Joon Hwang, Xiaoming Li

引用次数: 0

Analysis of the Role of Exchange Rate Volatility in Monetary Policy Conduction in OECD Countries: Empirical Evidence from Panel-VAR Models 汇率波动在经合组织国家货币政策传导中的作用分析:来自Panel-VAR模型的经验证据

Trade and Global Market Pub Date : 2018-10-03 DOI: 10.5772/INTECHOPEN.74405

Oguzhan Ozcelebi

{"title":"Analysis of the Role of Exchange Rate Volatility in Monetary Policy Conduction in OECD Countries: Empirical Evidence from Panel-VAR Models","authors":"Oguzhan Ozcelebi","doi":"10.5772/INTECHOPEN.74405","DOIUrl":"https://doi.org/10.5772/INTECHOPEN.74405","url":null,"abstract":"In this study, panel vector autoregression (PVAR) models are employed to examine the relationships between industrial production growth rate, consumer price inflation, short-term interest rates, stock returns and exchange rate volatility. More specifically, I explored the consequences of the dynamics detected by the models on monetary policy implementation for 10 OECD countries. This study indicates that factors that may cause a rise in short-term interest rates with respect to the USA can lead to volatility in exchange rates and thus macroeconomic instability. It is also implied that sustaining macroeco- nomic growth and decreasing inflation can result in increased export performance, which in turn provides the amount of US dollars to curb volatility in US dollar quotations. Accordingly, this study reveals that high importance should be given to both monetary and non-monetary factors in the open-economy framework to detect the possible impacts on trade and capital flows by dynamic stochastic general equilibrium (DSGE) models. Due to their exchange rate risk of economic agents, I also suggest that the economic pol- icy makers of these countries had better create a theoretical framework including finan cial frictions, economic agents’ preferences and different shocks to smooth the variations in exchange rates and minimise the negative outcomes of Brexit.","PeriodicalId":294445,"journal":{"name":"Trade and Global Market","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125008996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Introductory Chapter 介绍性章节

Trade and Global Market Pub Date : 2018-10-03 DOI: 10.5772/intechopen.80475

V. Bobek

引用次数: 0

Impacts of Exchange Rate Volatility on Macroeconomic and Financial Variables: Empirical Evidence from PVAR Modeling 汇率波动对宏观经济和金融变量的影响:来自PVAR模型的经验证据

Trade and Global Market Pub Date : 2018-03-16 DOI: 10.5772/INTECHOPEN.74406

Oguzhan Ozcelebi

{"title":"Impacts of Exchange Rate Volatility on Macroeconomic and Financial Variables: Empirical Evidence from PVAR Modeling","authors":"Oguzhan Ozcelebi","doi":"10.5772/INTECHOPEN.74406","DOIUrl":"https://doi.org/10.5772/INTECHOPEN.74406","url":null,"abstract":"In this study, Panel Vector Autoregression (PVAR) models are used to determine the impacts of exchange rate volatility on industrial production growth rate, consumer price inflation, short-term interest rates and stock returns for 10 OECD countries. The variance decomposi- tions (VDCs) found that exchange rate volatility can be a secondary factor for the variations in immediate interest rates, implying that Uncovered Interest Rate Parity (UIP) condition should be analyzed by the inclusion of other macroeconomic variables. Impulse response functions (IRFs) expose that volatility in exchange rates can have a positive impact on the liquidity conditions in money market and an increase in real economic activity because investors have to move their money away from currency markets to money markets. The relatively lower impact of exchange rate volatility may arise from the zero bound problem, thus it is emphasized that the examination of impacts on exchange rate volatility on macro- economics variables should be made both considering conventional and unconventional monetary policy. Although impulse response functions (IRFs) did not detect the significant impact of exchange rate volatility on inflation, VDCs obtained supporting results to exchange rate pass-through (ERPT). I suggest that the monetary policy to be developed should clarify alternative channels that exchange rate may affect inflation.","PeriodicalId":294445,"journal":{"name":"Trade and Global Market","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115888187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

The Effect of Taxation, Specialization, and Entrepreneurial Activities on International Trading 税收、专业化和创业活动对国际贸易的影响

Trade and Global Market Pub Date : 2018-02-28 DOI: 10.5772/INTECHOPEN.74751

E. Granot

引用次数: 0

Corruption, Causes and Consequences 腐败，原因和后果

Trade and Global Market Pub Date : 2018-02-21 DOI: 10.5772/INTECHOPEN.72953

Stefan Sumah

{"title":"Corruption, Causes and Consequences","authors":"Stefan Sumah","doi":"10.5772/INTECHOPEN.72953","DOIUrl":"https://doi.org/10.5772/INTECHOPEN.72953","url":null,"abstract":"Corruption is a constant in the society and occurs in all civilizations; however, it has only been in the past 20 years that this phenomenon has begun being seriously explored. It has many different shapes as well as many various effects, both on the economy and the society at large. Among the most common causes of corruption are the political and economic environment, professional ethics and morality and, of course, habits, customs, tradition and demography. Its effects on the economy (and also on the wider society) are well researched, yet still not completely. Corruption thus inhibits economic growth and affects business operations, employment and investments. It also reduces tax revenue and the effectiveness of various financial assistance programs. The wider society is influenced by a high degree of corruption in terms of lowering of trust in the law and the rule of law, education and consequently the quality of life (access to infrastructure, health care). There also does not exist an unambiguous answer as to how to deal with corruption. Something that works in one country or in one region will not necessarily be successful in another. This chapter tries to answer at least a few questions about corruption and the causes for it, its consequences and how to deal with it successfully.","PeriodicalId":294445,"journal":{"name":"Trade and Global Market","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123681748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

On Simulation of Various Effects in Consolidated Order Book 综合订单中各种效应的模拟

Trade and Global Market Pub Date : 2014-02-17 DOI: 10.5772/INTECHOPEN.78670

A. Glekin, A. Lykov, K. Vaninsky

引用次数: 0