LIBOR Manipulation in Developed Markets

Author(s):  
Oral Erdogan ◽  
Ethem Sancak
Author(s):  
Priyank Gandhi ◽  
Benjamin Golez ◽  
Jens Carsten Jackwerth ◽  
Alberto Plazzi
Keyword(s):  

Author(s):  
Raquel Castaño ◽  
David Flores

Emerging markets are substantially different from markets in high-income, industrialized societies. While many aspects of consumer behavior are the result of inherent psychological processes and are, thus, generalizable across countries and cultures, the specific contextual characteristics of emerging markets can significantly influence other aspects of consumer behavior. In this chapter, we explore the behavior of emerging market consumers. This chapter reviews the existing literature and proposes an initial framework delineating the main differences between emerging markets and developed markets consumers that describe how consumers in these societies recognize a need for, select, evaluate, buy, and use products. The chapter discusses the issues and contributions of the research on emerging consumers and presents implications of extant research for international managers. Finally, the chapter elaborates on an agenda for future research in this area.


2014 ◽  
Vol 04 (04) ◽  
pp. 1450014 ◽  
Author(s):  
Reint Gropp ◽  
Christoffer Kok ◽  
Jung-Duk Lichtenberger

This paper investigates the effect of within banking sector competition and competition from financial markets on the dynamics of the transmission from monetary policy rates to retail bank interest rates in the euro area. We use a new dataset that permits analysis for disaggregated bank products. Using a difference-in-difference approach, we test whether development of financial markets and financial innovation speed up the pass through. We find that more developed markets for equity and corporate bonds result in a faster pass-through for those retail bank products directly competing with these markets. More developed markets for securitized assets and for interest rate derivatives also speed up the transmission. Further, we find relatively strong effects of competition within the banking sector across two different measures of competition. Overall, the evidence supports the idea that developed financial markets and competitive banking systems increase the effectiveness of monetary policy.


Author(s):  
Aizhan Anarkulova ◽  
Scott Cederburg ◽  
Michael S. O’Doherty
Keyword(s):  

2018 ◽  
Vol 108 ◽  
pp. 493-498 ◽  
Author(s):  
Ricardo J. Caballero ◽  
Alp Simsek

In Caballero and Simsek (2017), we develop a model of fickle capital flows and show that, when countries are similar, international flows create global liquidity and mitigate crises despite their fickleness. In this paper, we focus on the asymmetric situation of Emerging Markets (EM) exchanging flows with Developed Markets (DM) that feature lower returns but less frequent crises. Relatively high DM returns help to mitigate EM crises by reducing fickle inflows and by providing greater liquidity. The situation dramatically changes as the DM returns fall, as this increases the fickle inflows driven by reach for yield and exacerbates EM crises.


2005 ◽  
Vol 9 (4) ◽  
pp. 51-63 ◽  
Author(s):  
Anurag Mishra ◽  
M. Akbar

Literature on medium sized enterprises (MSEs) is limited both in developed markets and emerging markets. This paper addresses this gap and explores MSEs from a knowledge-based perspective. Grounded in the case based research often MSEs, the paper identifies the knowledge assets employed by highly successful firms. The paper performs a detailed case analysis of three such firms from our sample. We trace the knowledge generation process through a detailed line diagram and based on the case analysis, build a generic model for analyzing the knowledge conversion process in MSEs. The contribution of this work is articulated in the process model that integrates the various classes of knowledge assets in the context of transitional firms in India. The paper also develops a few empirically testable propositions, filling a major gap in existing literature on knowledge management.


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