International Journal of Monetary Economics and Finance最新文献

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Digital banking service in Indonesia: Does it really matter for bank performance Evidence from Indonesian commercial banks 印尼的数字银行服务:对银行业绩真的有影响吗?来自印尼商业银行的证据
International Journal of Monetary Economics and Finance Pub Date : 2022-01-01 DOI: 10.1504/ijmef.2022.10047254
Nurmadi Harsa Sumarta, M. Prabowo, N. Saputro
{"title":"Digital banking service in Indonesia: Does it really matter for bank performance Evidence from Indonesian commercial banks","authors":"Nurmadi Harsa Sumarta, M. Prabowo, N. Saputro","doi":"10.1504/ijmef.2022.10047254","DOIUrl":"https://doi.org/10.1504/ijmef.2022.10047254","url":null,"abstract":"","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66717407","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: 0
The profitability of trading strategies based on historical prices and risk: evidence from Thailand 基于历史价格和风险的交易策略的盈利能力:来自泰国的证据
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/ijmef.2021.116983
Surachai Chancharat, Parichat Sinlapates
{"title":"The profitability of trading strategies based on historical prices and risk: evidence from Thailand","authors":"Surachai Chancharat, Parichat Sinlapates","doi":"10.1504/ijmef.2021.116983","DOIUrl":"https://doi.org/10.1504/ijmef.2021.116983","url":null,"abstract":"Historical trends in share prices can be used in trading strategies to generate profits. Two such strategies are the momentum and contrarian trading strategies. The contrarian trading strategy tend...","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46364129","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: 0
The effect of global value chain on the environment: the case of CO2 emission 全球价值链对环境的影响:以二氧化碳排放为例
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/ijmef.2021.116984
Piyaphan Changwatchai
{"title":"The effect of global value chain on the environment: the case of CO2 emission","authors":"Piyaphan Changwatchai","doi":"10.1504/ijmef.2021.116984","DOIUrl":"https://doi.org/10.1504/ijmef.2021.116984","url":null,"abstract":"Global value chains (GVCs) are economically important but participation has an ambiguous impact on the environment. The effect of GVC participation by countries on CO2 emissions was studied using p...","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41969442","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: 0
Does political motives affect local government financial statement quality 政治动机是否影响地方政府财务报表质量
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/ijmef.2021.116982
Nurmali Agustina, Dyah Setyaningrum
{"title":"Does political motives affect local government financial statement quality","authors":"Nurmali Agustina, Dyah Setyaningrum","doi":"10.1504/ijmef.2021.116982","DOIUrl":"https://doi.org/10.1504/ijmef.2021.116982","url":null,"abstract":"This study aims to analyse the effect of political motives on the quality of local government financial statements (LGFS) in Indonesia. As a public institution, local governments need to increase transparency and accountability by producing high quality financial statements. The LGFS quality is measured using qualitative characteristics while political motives are measured by percentage of opposition member in the legislative, meanwhile, the election year and re-election chances are used as moderating variable. To test the hypothesis, two sample groups were used. The first group of all selected local governments between 2016 and 2017 while the second group are the local governments that have conducted an election. The results showed that political competition had positive effect on LGFS quality while election year together with re-election chances strengthened the positive effect.","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44583410","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: 0
Cause-effect relationship between toxic factors and well-being at work 有毒因素与工作幸福感之间的因果关系
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/IJMEF.2021.116974
A. Fedorova, Z. Dvořáková, I. Kačāne, H. Atas, Valeriya Badambayeva
{"title":"Cause-effect relationship between toxic factors and well-being at work","authors":"A. Fedorova, Z. Dvořáková, I. Kačāne, H. Atas, Valeriya Badambayeva","doi":"10.1504/IJMEF.2021.116974","DOIUrl":"https://doi.org/10.1504/IJMEF.2021.116974","url":null,"abstract":"One of the objectives of the presented monitoring study is to examine the influence of organisational and managerial practices on the employees' physical and psychosocial health, as well as to iden...","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43942353","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: 0
Is value premium driven by risk in the stock exchange of Thailand A comparison of the Fama/French three-factor model and Fama/French five-factor model 泰国证券交易所的价值溢价是否受风险驱动——Fama/French三因素模型与Fama/French五因素模型的比较
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/ijmef.2021.116985
Nongnit Chancharat, Parichat Sinlapates
{"title":"Is value premium driven by risk in the stock exchange of Thailand A comparison of the Fama/French three-factor model and Fama/French five-factor model","authors":"Nongnit Chancharat, Parichat Sinlapates","doi":"10.1504/ijmef.2021.116985","DOIUrl":"https://doi.org/10.1504/ijmef.2021.116985","url":null,"abstract":"The value vs. growth trading strategies suggest investor going long in value stocks and short in growth stocks. The existence of value premium in SET is confirmed between September 2005 and July 20...","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43628454","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: 0
How are residential property prices formed in Japan under different monetary policy regimes 在不同的货币政策体制下,日本住宅价格是如何形成的
International Journal of Monetary Economics and Finance Pub Date : 2021-07-28 DOI: 10.1504/ijmef.2021.10038989
Takayasu Ito
{"title":"How are residential property prices formed in Japan under different monetary policy regimes","authors":"Takayasu Ito","doi":"10.1504/ijmef.2021.10038989","DOIUrl":"https://doi.org/10.1504/ijmef.2021.10038989","url":null,"abstract":"Three residential property prices in Tokyo, Nagoya, and Osaka co-move in two monetary policy regimes. No causality is found in the first period, but causality from Tokyo to Osaka is found in the second period. The three residential property prices move together, but independently in the first period. After the BOJ introduces strong non-traditional monetary policies such as quantitative and qualitative easing (QQE) and negative interest rate policy (NIRP), the three residential property prices move together through the transmission from Tokyo to Osaka. This paper possibly gives an international policy implication for other countries suffering from asset deflation.","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45448671","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: 0
Impact of the COVID-19, lockdown and unlock on the Indian stock market and its international linkage with the Chinese stock market 新冠肺炎、封锁和解锁对印度股市的影响及其与中国股市的国际联系
International Journal of Monetary Economics and Finance Pub Date : 2021-07-12 DOI: 10.1504/IJMEF.2021.116545
N. Singh, Himanshu Goel, Shabnam Kumari
{"title":"Impact of the COVID-19, lockdown and unlock on the Indian stock market and its international linkage with the Chinese stock market","authors":"N. Singh, Himanshu Goel, Shabnam Kumari","doi":"10.1504/IJMEF.2021.116545","DOIUrl":"https://doi.org/10.1504/IJMEF.2021.116545","url":null,"abstract":"This study investigates the impact of pandemic COVID-19, nationwide lockdown and unlock on the Indian stock market. Firstly, we analyse the impact of lockdown and unlock episodes on the volatility of the Indian stock market returns by employing the EGARCH model. The findings reveal that lockdown has a significant positive impact on the volatility of BSE returns. Secondly, this study investigates the interlinkage between Indian and Chinese markets using cointegration and causality technique in the pre and during COVID periods. Cointegration test indicates that there is no long run relationship between India and China in both the sub-periods. However, the causality results reveal unidirectional causality between India and China in the pre COVID-19 period. Therefore, the findings of this research are beneficial to investors of all categories and portfolio managers.","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47339946","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
BVAR models in short-term prediction of modern central banks: empirical evidence of the euro area 现代央行短期预测中的BVAR模型:欧元区的经验证据
International Journal of Monetary Economics and Finance Pub Date : 2021-02-19 DOI: 10.1504/IJMEF.2021.113295
Aleksandra Nocoń
{"title":"BVAR models in short-term prediction of modern central banks: empirical evidence of the euro area","authors":"Aleksandra Nocoń","doi":"10.1504/IJMEF.2021.113295","DOIUrl":"https://doi.org/10.1504/IJMEF.2021.113295","url":null,"abstract":"It has been more than a decade since central banks, in the face of the global financial crisis, implemented unconventional initiatives. Monetary authorities' actions have led to a reduction of main interest rates to historically low levels and huge expansion of central banks' balance sheet. So far, they still have not returned to the pre-crisis framework and implemented the normalisation process. Nowadays, there is observed a trend to use econometric models in monetary policy to forecast macroeconomic variables and plan normalising activities. The main aim of the study is empirical verification of BVAR model in short-term predicting, that might be used by the European Central Bank in its normalisation process. The conducted research indicate that the large BVAR model for the Eurozone has a significant predictive value in short-term forecasting. At the same time indicating its considerable precision and accuracy in prediction, with a high degree of objectivity and flexibility.","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45178086","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: 0
The relationship of liquid money and selected price indices in the USA 美国流动货币与选定价格指数的关系
International Journal of Monetary Economics and Finance Pub Date : 2021-02-19 DOI: 10.1504/IJMEF.2021.113305
J. Černohorský
{"title":"The relationship of liquid money and selected price indices in the USA","authors":"J. Černohorský","doi":"10.1504/IJMEF.2021.113305","DOIUrl":"https://doi.org/10.1504/IJMEF.2021.113305","url":null,"abstract":"The aim of this paper is to assess the relationship between the development of liquid money and selected price indices in the US economy in 1961-2018. The Engle-Granger cointegration test and Granger causality are used to calculate the relationships. Cointegration was not demonstrated in any of the cases. Therefore, this study's contribution lies in confirming the conclusions of mostly newer studies concerning the invalidity of the quantitative theory of money under current conditions. However, short-term Granger-causal relationships were demonstrated in almost all cases. Thus, we can predict consumer prices and the prices for bonds and real estate based on the development of the amount of liquid money. It is also possible to predict the development of the amount of liquid money based on how all these price indicators develop. So central banks can still to some extent affect significant prices in the economy by influencing the money supply.","PeriodicalId":38654,"journal":{"name":"International Journal of Monetary Economics and Finance","volume":"14 1","pages":"69"},"PeriodicalIF":0.0,"publicationDate":"2021-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44664159","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: 0
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