Macroeconomics and Finance in Emerging Market Economies最新文献

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‘Lazy banks’: the case of Egypt “懒惰的银行”:埃及的例子
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-11-10 DOI: 10.1080/17520843.2021.1998743
Gamal Haikal, Islam Abdelbary, Dina Samir
{"title":"‘Lazy banks’: the case of Egypt","authors":"Gamal Haikal, Islam Abdelbary, Dina Samir","doi":"10.1080/17520843.2021.1998743","DOIUrl":"https://doi.org/10.1080/17520843.2021.1998743","url":null,"abstract":"ABSTRACT The past decade has witnessed an acute acceleration of government borrowing in Egypt compared to the preceding thirty years. This was accompanied by a structural change toward more reliance on foreign debt. In the frame of these changes, the paper employs a VECM model to test the Egyptian banking sector for the “Lazy Bank“ hypothesis. The research extends the conventional crowding effect analysis to include households borrowing. The main conclusion is that government and households borrowing from the domestic banks in Egypt led to over one-to-one crowding out of private business credit.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45428456","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: 2
Macroeconomic effects of fiscal policy shocks: Panel VAR evidence from MENA countries 财政政策冲击的宏观经济影响:来自中东和北非国家的面板VAR证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-11-08 DOI: 10.1080/17520843.2021.1995248
Somaye Sedighi, S. Shaghaghi, G. Woldu
{"title":"Macroeconomic effects of fiscal policy shocks: Panel VAR evidence from MENA countries","authors":"Somaye Sedighi, S. Shaghaghi, G. Woldu","doi":"10.1080/17520843.2021.1995248","DOIUrl":"https://doi.org/10.1080/17520843.2021.1995248","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47652573","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: 2
Internationalization and cash holdings before and after the 2008 financial crisis: an empirical investigation of Latin American firms 2008年金融危机前后的国际化与现金持有:对拉丁美洲企业的实证调查
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-11-08 DOI: 10.1080/17520843.2021.1997260
Mauricio A. Melgarejo Duran, Sheryl-Ann K. Stephen
{"title":"Internationalization and cash holdings before and after the 2008 financial crisis: an empirical investigation of Latin American firms","authors":"Mauricio A. Melgarejo Duran, Sheryl-Ann K. Stephen","doi":"10.1080/17520843.2021.1997260","DOIUrl":"https://doi.org/10.1080/17520843.2021.1997260","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43232938","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 contagion between stock markets: evidence from Vietnam and Asian emerging stocks in the context of COVID-19 Pandemic 股票市场之间的传染:2019冠状病毒病大流行背景下越南和亚洲新兴市场股票的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-28 DOI: 10.1080/17520843.2021.1993653
L. Huong
{"title":"The contagion between stock markets: evidence from Vietnam and Asian emerging stocks in the context of COVID-19 Pandemic","authors":"L. Huong","doi":"10.1080/17520843.2021.1993653","DOIUrl":"https://doi.org/10.1080/17520843.2021.1993653","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42394493","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 behaviour of the risk based capital adequacy ratio in Iran’s banking system 伊朗银行系统中基于风险的资本充足率行为
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-13 DOI: 10.1080/17520843.2021.1988671
E. Rezaei
{"title":"The behaviour of the risk based capital adequacy ratio in Iran’s banking system","authors":"E. Rezaei","doi":"10.1080/17520843.2021.1988671","DOIUrl":"https://doi.org/10.1080/17520843.2021.1988671","url":null,"abstract":"ABSTRACT This study was carried out to identify the determinants of the behaviour of public and private banks in determining their risk and capital over 2001–2016 period by considering the banks’ risk and capital simultaneously. The model was estimated using 2SLS-RE and GMM methods. According to the results, the endogeneity of two variables of risk and capital in equations cannot be rejected. It should be noted that this study does not reject a significant relationship between the risk and thecapital to risk (weighted) assets ratio (CRAR) over the study period.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43059635","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
Macroeconomic variables and stock market performance: a PMG/ARDL approach for BRICS economies 宏观经济变量与股市表现:金砖国家经济的PMG/ARDL方法
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-12 DOI: 10.1080/17520843.2021.1983704
U. Lone, M. A. Darzi, K. Islam
{"title":"Macroeconomic variables and stock market performance: a PMG/ARDL approach for BRICS economies","authors":"U. Lone, M. A. Darzi, K. Islam","doi":"10.1080/17520843.2021.1983704","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983704","url":null,"abstract":"ABSTRACT The present study seeks to examine the impact of select macroeconomic variables on stock market performance in the BRICS economies. The study has used monthly data over the period 2011–2021. The study has employed both ARDL bounds testing model and PMG/ARDL model to measure the short and long-run relationships. Both the models provide the confirmatory results regarding short as well as long-run relationships for all the BRICS economies excluding South Africa. Also, the variables have been found to be causally related with each other during the sample period. The study has implications for policymakers, regulators, academia and investors.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49019166","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: 4
Accruals, cash flows and stock returns: evidence from BIST 100 应计项目、现金流量和股票收益:来自BIST 100的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-04 DOI: 10.1080/17520843.2021.1983702
Emine Kaya
{"title":"Accruals, cash flows and stock returns: evidence from BIST 100","authors":"Emine Kaya","doi":"10.1080/17520843.2021.1983702","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983702","url":null,"abstract":"ABSTRACT The purpose of this study is to determine whether there is a relationship between the accruals, cash flows and stock returns for firms which trade in the BIST 100 index between 2005 and 2017 years. Findings prove that the persistence of the earning is high, and the persistence of cash flows is higher than the persistence of accruals. We find that accruals are negative predictors and cash flows are positive predictors for stock returns. In addition, simultaneously, we conclude that the discount rates and the change in the accruals and cash flows act together.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45053131","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 do firms manage liquidity during currency crisis? The case of Turkey 在货币危机期间,企业如何管理流动性?土耳其的情况
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-01 DOI: 10.1080/17520843.2021.1983703
Ismail Kalash
{"title":"How do firms manage liquidity during currency crisis? The case of Turkey","authors":"Ismail Kalash","doi":"10.1080/17520843.2021.1983703","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983703","url":null,"abstract":"ABSTRACT This study investigates how the 2018-currency crisis in Turkey, which exacerbated the borrowing costs, has affected the liquidity management of a sample of 186 Turkish listed firms. The results reveal that firms that relied heavily on short-term borrowing before the crisis period have responded to the crisis by reducing short-term borrowing and increasing internal cash. However, investment levels and the use and supply of trade credit have not been changed during the crisis. The results also show that the substitution into internal cash is significantly higher for small firms than for large firms.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45200463","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: 2
Investigating locational asymmetry in the twin deficit hypothesis for the WAMZ countries WAMZ国家双赤字假说中的区位不对称性研究
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-30 DOI: 10.1080/17520843.2021.1982589
Taiwo Ajilore, N. Usman
{"title":"Investigating locational asymmetry in the twin deficit hypothesis for the WAMZ countries","authors":"Taiwo Ajilore, N. Usman","doi":"10.1080/17520843.2021.1982589","DOIUrl":"https://doi.org/10.1080/17520843.2021.1982589","url":null,"abstract":"The study adopts the Quantile Autoregressive Distributed Lags (QARDL) method to examine the existence of locational asymmetry in the nexus between fiscal and current account deficits in the WAMZ zo...","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46035933","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
Financing discretionary payout via debt or equity – evidence from India 通过债务或股权为可自由支配支出融资——来自印度的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-29 DOI: 10.1080/17520843.2021.1983706
Hardeep Singh Mundi, Deepak Kumar
{"title":"Financing discretionary payout via debt or equity – evidence from India","authors":"Hardeep Singh Mundi, Deepak Kumar","doi":"10.1080/17520843.2021.1983706","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983706","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2021-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42914023","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
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