{"title":"Export Growth of Textiles and Economic Development in Pakistan and India-A Comparative Study","authors":"A. Akmal, Qasim Saleem","doi":"10.2139/ssrn.2702628","DOIUrl":"https://doi.org/10.2139/ssrn.2702628","url":null,"abstract":"This paper investigates the difference between export of textile of Pakistan and India. Export growth is a source of economic development, especially for third world countries. Data of export of textile of India and Pakistan is taken, (from FY2001 to FY2007). Paired t-test is applied to check the significant difference between exports of two countries. Result shows that export of India is greater than Pakistan which leads to increase in its economic development.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133645730","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}
{"title":"Money Design in Global Perspective Response Paper","authors":"Angela Walch","doi":"10.2139/SSRN.2899004","DOIUrl":"https://doi.org/10.2139/SSRN.2899004","url":null,"abstract":"This paper responds to 3 discussion questions asked of participants in the Research Conference.1) How do you define \"money,\" and how does that definition inform your work?2) Does your definition lead you to prioritize certain institutions as objects of study? Why? How does your institutional focus relate the conceptualization of money and its practices? What do you hope to accomplish by your institutional focus? 3) How does your approach to money and its institutions illuminate the travel of value across borders? How do you conceptualize the international (or now global) dimensions of the monetary system given the domestic character of many of its elements?","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126093271","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}
{"title":"Enhancing Brand Equity in an Emerging Market: An Investigation of Korean Fashion Brands in China","authors":"Han-Mo Oh","doi":"10.20294/jgbt.2015.11.1.1","DOIUrl":"https://doi.org/10.20294/jgbt.2015.11.1.1","url":null,"abstract":"Although international firms often face challenges as competition for world markets intensifies and as market preferences become global, diverse opportunities appear to be prevalent for international marketers of consumer products and services in emerging economies such as China. In addition to the economic resurgence and future promise, the political and cultural environments in China have provided Korean firms with an opportunity to do business in the country. While some Korean fashion brands have had a strong performance in the Chinese market, other brands have not. Nevertheless, prior studies do not satisfactorily address the reasons that some Korean fashion brands are successful and popular in China. The present study aims to investigate Korean fashion brands’ current positions in the Chinese market and to propose useful strategies that enable Korean fashion firms to be more competitive in China. Based on the perspective of brand-equity dimensions, the current study proposes strategies that allow international firms to enhance their brand equity in an emerging economy.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125429113","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}
{"title":"Technology, Trade, and Quality Slopes","authors":"Adina Ardelean, Volodymyr Lugovskyy","doi":"10.2139/ssrn.2569685","DOIUrl":"https://doi.org/10.2139/ssrn.2569685","url":null,"abstract":"We investigate the factors that, in addition to preferences, aect the extent to which richer households pay more for a given durable good with respect to their expenditures on nondurables, dened as the quality slope. We show theoretically and conrm empirically that the quality slope decreases in the cost elasticity of quality. Given that this elasticity varies across countries, the quality slope also depends on taris. Specically, it increases in the tari on middle-income exporters (higher elasticity) and decreases in the tari on imports from high-income OECD exporters (lower elasticity) to the U.S.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"4 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123895965","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}
Franklin Allen, Aneta Hryckiewicz, Oskar Kowalewski, Gunseli Tumer-Alkan
{"title":"Transmission of Bank Liquidity Shocks in Loan and Deposit Markets: The Role of Interbank Borrowing and Market Monitoring","authors":"Franklin Allen, Aneta Hryckiewicz, Oskar Kowalewski, Gunseli Tumer-Alkan","doi":"10.2139/ssrn.1707591","DOIUrl":"https://doi.org/10.2139/ssrn.1707591","url":null,"abstract":"We examine the international transmission of bank liquidity shocks from multinational bankholding companies to their subsidiaries. Our findings are consistent with the studies that document that parent bank fragility negatively affects lending by subsidiaries. We further find that reduction in foreign bank lending is stronger for those that are dependent on the interbank market. Moreover, foreign bank lending is determined by different factors in emerging markets and in developed countries. Finally, we show that liquidity needs determine the change in deposits in developing economies, especially during the recent crisis whereas market discipline is relatively more dominant in developed countries.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128572587","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}
Akshay U. Shenoy, Yatin Balkrishna Mohane, Charan Singh
{"title":"Basel Banking Norms – A Primer","authors":"Akshay U. Shenoy, Yatin Balkrishna Mohane, Charan Singh","doi":"10.2139/ssrn.2520431","DOIUrl":"https://doi.org/10.2139/ssrn.2520431","url":null,"abstract":"This paper aims to first build a deeper understanding of the emergence of Basel banking norms (Basel I), and the transition to each of the subsequent regulations (Basel II and Basel III). The primary purpose of developing this understanding is to further analyze the extent of effectiveness of the Basel norms. To explore how such regulations impact an economy, we have specifically looked at five economies of the world (including India), which are geographically apart, in this context. The idea here is to study how, for instance, banking institutions have shaped up to these norms – and whether the effects were favorable or adverse. We then conclude by conceptually looking at the future direction of regulations such as the Basel norms in the banking industry.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"43 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123078484","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}
{"title":"Strains on Money Market Makers and Money Market Liquidity","authors":"Falko Fecht, S. Reitz, P. Weber","doi":"10.2139/ssrn.2517204","DOIUrl":"https://doi.org/10.2139/ssrn.2517204","url":null,"abstract":"We analyze the trading book of a key market maker in the European unsecured money market and study the extent to which liquidity risks accumulated by this market maker affect his pricing of liquidity and the bid-ask-spread he quotes on unsecured borrowing and lending. We find that the larger the funding liquidity risk assumed by the market maker the higher the market price for liquidity and the higher his term premium. Furthermore, his bid-ask-spread and the sensitivity of his bid-ask-spread to the maturity of transactions increases as his assumed liquidity risk rises. This suggests that also in the unsecured money market funding constraints and funding risks of the market maker affect market liquidity in line with Gromp and Vayanos (2004) and Brunnermeier and Pedersen (2009).","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"446 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114958479","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}
{"title":"Debt Sustainability in the Case of External Debt. An Analysis Based on Italy's Treasury Auctions.","authors":"Gianluca Cafiso","doi":"10.2139/ssrn.2518398","DOIUrl":"https://doi.org/10.2139/ssrn.2518398","url":null,"abstract":"The objective of this paper is to assess whether external debt makes a difference for public debt stabilization, where external debt is considered through the non-residents’ holdings according to a Balance of Payments perspective. The analysis is empirical and considers the case of Italy, one of the world’s largest debt issuer. We study the potential effects on the interest rate resulting from the auctions of government bonds to account for the effective cost borne by the Treasury. Our results point towards the irrelevance of the composition of the investor base for debt stabilization.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134066312","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}
{"title":"Prospects of Flower Business in Bangladesh and Abroad","authors":"M. Abdin","doi":"10.2139/SSRN.2509021","DOIUrl":"https://doi.org/10.2139/SSRN.2509021","url":null,"abstract":"Flower is a widely used product around the world. Global export of Cut flowers and flower buds for bouquets, fresh or dried (H.S. 0603) was UDS 7375, 7680, 8387, 8480 and 8442 million in 2009, 2010, 2011, 2012 and 2013 respectively. Top 10 Cut flowers-exporting countries are the Netherlands, Colombia, Ecuador, Kenya, Belgium, Ethiopia, Malaysia, Italy, Germany and Israel. Top 10 Cut flowers-importing countries are the United States of America, Germany, United Kingdom, Netherlands, Russian Federation, France, Japan, Belgium, Italy and Switzerland. Bangladesh exported Cut flowers, worth $16.58m, during July-November 2013 into a few destinations like India, Pakistan, Italy, Portugal, Saudi Arabia, the United States, South Korea, the Philippines, Singapore, Japan, Germany, Britain, Denmark and France. Our stake in the global trade of Cut flowers is negligible i.e. 0.3 per cent. We have good potential in the production of Cut flowers due to favourable environment and fertile land; it's a cash cow crop for the farmers.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127084920","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}
{"title":"The Information Content of Regular Dividends and Share Buybacks for Market Value and Future Earnings in the UK","authors":"E. Dedman, Thanamas Kungwal, A. Stark","doi":"10.2139/ssrn.2518480","DOIUrl":"https://doi.org/10.2139/ssrn.2518480","url":null,"abstract":"In this paper, we extend previous work on the relationship between corporate distributions and market value. Adopting an information content perspective, we study the relationship between both market value and future earnings and regular dividends and share buybacks, controlling for other accounting variables. Taking insights gained from prior research, we expect that the coefficient of regular dividends will be higher than that for share buybacks in both market value and earnings prediction regression contexts. Our empirical results are consistent with our expectations. The coefficient of regular dividends is significantly higher than that for share buybacks in both market value and earnings prediction regressions on the various samples upon which we estimate the relationships. In additional tests, dividend displacement can be rejected for regular dividends but mainly not for share buybacks. When it can be rejected for share buybacks, it is because share buybacks reduce market value by more than one monetary unit per monetary unit of buyback, not less. Nonetheless, the coefficients of share buybacks in the earnings prediction equations are higher than would be expected given the dividend displacement results in that they are generally positive.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126703267","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}