Economic Notes最新文献_第8页

IF 1.5

Economic Notes Pub Date : 2022-01-05 DOI: 10.1111/ecno.12187

引用次数: 0

Monetarist arithmetic at COVID‐19 time: A take on how not to misapply the quantity theory of money COVID - 19时期的货币主义者算法:关于如何不误用货币数量理论的讨论

IF 1.5

Economic Notes Pub Date : 2021-12-30 DOI: 10.1111/ecno.12200

Julien Pinter

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引用次数: 1

Monetarist arithmetic at COVID-19 time: A take on how not to misapply the quantity theory of money 新冠肺炎时期的货币主义算术：关于如何不滥用货币数量理论的思考

IF 1.5

Economic Notes Pub Date : 2021-12-30 DOI: 10.1111/ecno.12200

Julien Pinter

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引用次数: 1

Technical efficiency of financial inclusion and human development: Insights from the Indian states 金融普惠与人类发展的技术效率:来自印度各邦的见解

IF 1.5

Economic Notes Pub Date : 2021-12-28 DOI: 10.1111/ecno.12199

Bhanu Pratap Singh, Anup Kumar Yadava

引用次数: 5

Technical efficiency of financial inclusion and human development: Insights from the Indian states 金融包容性与人类发展的技术效率：来自印度各州的见解

IF 1.5

Economic Notes Pub Date : 2021-12-28 DOI: 10.1111/ecno.12199

Bhanu Pratap Singh, Anup Kumar Yadava

引用次数: 6

From financial structure to economic growth: Theory, evidence and challenges 从金融结构到经济增长:理论、证据与挑战

IF 1.5

Economic Notes Pub Date : 2021-11-19 DOI: 10.1111/ecno.12197

Guangdong Xu

引用次数: 1

From financial structure to economic growth: Theory, evidence and challenges 从金融结构到经济增长：理论、证据和挑战

IF 1.5

Economic Notes Pub Date : 2021-11-19 DOI: 10.1111/ecno.12197

Guangdong Xu

引用次数: 1

Community banks versus non‐community banks: Post the Great Recession 社区银行与非社区银行:大衰退后

IF 1.5

Economic Notes Pub Date : 2021-11-13 DOI: 10.1111/ecno.12196

A. Fayman, Su-Jane Chen, Timothy R. Mayes

引用次数: 2

Community banks versus non-community banks: Post the Great Recession 社区银行与非社区银行：大衰退后

IF 1.5

Economic Notes Pub Date : 2021-11-13 DOI: 10.1111/ecno.12196

Alex Fayman, Su-Jane Chen, Timothy Mayes

{"title":"Community banks versus non-community banks: Post the Great Recession","authors":"Alex Fayman, Su-Jane Chen, Timothy Mayes","doi":"10.1111/ecno.12196","DOIUrl":"https://doi.org/10.1111/ecno.12196","url":null,"abstract":"Community banks (CBs), despite holding a fairly small share of US banking assets, provide vital financial services to key segments of the economy and fill a void untapped by larger non-community banks (Non-CBs). They face challenges brought on by a fast-changing banking landscape, evolving technology, and ever-increasing regulatory burden. To remain competitive and to gain scale-related efficiencies, CBs have been seeking mergers even as greater institutional size causes a departure from the classical relationship-based business model. This study examines performance of US CBs and Non-CBs post the Great Recession to reveal how size of these institutions may affect their business operations. Empirical findings show that CBs, compared with their larger counterparts, tend to maintain higher levels of liquidity and lower levels of capital, and demonstrate a greater dependence on core deposits, confirming that CBs focus on deposit taking and soft information-based lending strategies. Furthermore, this study suggests that CBs should not be considered a homogenous group operating under a singular business model and cautions that regulatory dialectics aimed at the banking industry should not employ a one-size-fits-all approach.","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 2","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72168801","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

Exploring the dependencies among main cryptocurrency log-returns: A hidden Markov model 探索主要加密货币日志回报之间的相关性：一个隐马尔可夫模型

IF 1.5

Economic Notes Pub Date : 2021-11-10 DOI: 10.1111/ecno.12193

Fulvia Pennoni, Francesco Bartolucci, Gianfranco Forte, Ferdinando Ametrano

{"title":"Exploring the dependencies among main cryptocurrency log-returns: A hidden Markov model","authors":"Fulvia Pennoni, Francesco Bartolucci, Gianfranco Forte, Ferdinando Ametrano","doi":"10.1111/ecno.12193","DOIUrl":"https://doi.org/10.1111/ecno.12193","url":null,"abstract":"A hidden Markov model is proposed for the analysis of time-series of daily log-returns of the last 4 years of Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These log-returns are assumed to have a multivariate Gaussian distribution conditionally on a latent Markov process having a finite number of regimes or states. The hidden regimes represent different market phases identified through distinct vectors of expected values and variance–covariance matrices of the log-returns, so that they also differ in terms of volatility. Maximum-likelihood estimation of the model parameters is carried out by the expectation–maximisation algorithm, and regimes are singularly predicted for every time occasion according to the maximum-a-posteriori rule. Results show three positive and three negative phases of the market. In the most recent period, an increasing tendency towards positive regimes is also predicted. A rather heterogeneous correlation structure is estimated, and evidence of structural medium term trend in the correlation of Bitcoin with the other cryptocurrencies is detected.","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecno.12193","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72146764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3