Financial Crises, Impact and Response: The View from the Emerging World

Edited by Peter Koveos

ISBN: 978-960-9549-71-4, 548 pages

First published in 2012 by ATINER

Price: Paperback: 60€ (It includes Shipping and Handling)

Electronic copy: 30€

 

 

Table of Contents

 

1.

Financial Crises, Impact and Response: The View from the Emerging World: An Introduction

Peter Koveos

1

 

Part A: Crises and Reforms

2.

Great Depression versus Disorganization Gradual versus Shock Therapy

Iulia Igescu

15

3.

The Character and Directions of Restructuring of Ownership in the Polish Economy

Maciej Kozłowski

29

4.

Financial Crisis Management – An Econometric Approach of the Romanian Market

Stelian Stancu and Oana Madalina Predescu

43

5.

The Impact of the World Financial Crisis on the Romanian Advertising Market

Irina Toboşaru, Irina Nicolau and Mihaela Stănoiu 

55

6.

The Impact of Financial Crisis on Investors’ Risk Aversion: Case Study on Romanian Capital Market

Christian Pǎun, Radu Muşetescu and Julian Braşoveanu 

69

Part B: Financial Markets and Institutions: Operations and Risk

7.

The Divide Between Developed and Emerging Capital Markets: Can we discriminate?

Guoma Alrgibi, Mohamed Ariff and Louis Murray

89

8.

Determinants of IPO underpricing –The Evidence from Poland

Tomasz Jewartowski and Joanna Lizińska

103

9.

Use of Coskewness and Cokurtosis in Determining ADR Risk

Robert Boldin, Mukesh Chaudhry and Louis Palacios

115

10.

Dividend Policy: Some Evidence from the Nairobi Stock Exchange

Nelson Maina Waweru and John M. Parkinson

127

11.

Empirical Analysis of Financial Institutions’ Loans

Peter Koveos and Yimin Zhang 

137

12.

The Turkish Banking System After the 2007 Global Crisis

Nuray Ergül, Sezayi Dumanoğlu and Halil İbrahim Alpaslan

151

13.

Offshore Financial Centers: Recent Evolution and Likely Future Trends

Roberto Santillán-Salgado

161

Part C: Foreign Exchange, Investment and Trade Issues

14.

Sudden Stops and the Real Exchange Rate in Hong Kong: A Two-Sector Neoclassical Framework

Paulina Etxeberria Garaigorta and Amaia Iza

175

15.

1.      Foreign Direct Investment in Spain: An Empirical Study

Eva Romero Ramos, José María López Pina and Eva Ropero Moriones

197

16.

2.      Elasticities of Turkish Trade

3.      Ayla Oğuş Binatli and Niloufer Sohrabji

213

Part D: Tax and Monetary Policies

17.

4.      Tax Policy in the Financial Crisis

5.      Yun Ding

229

18.

6.      The Structure and Compliance Cost of the EU Member States’ Tax Systems

7.      Edyta Małecka-Ziembińska

239

19.

Sectoral Effect of Monetary Policy in Malaysia: Relative Importance of Monetary Transmission Mechanism Channels

8.      Mohd Azlan Shah Zaidi

257

Part E:  Economic Policy and Social Welfare

20.

Flexible System of Direct Democracy Ensures Effective Economic Policy in the Czech Republic

Petr Chmelik

285

21.

The Three Indigenous Socio-Economic Troubles of the Free-Market: Uncertainty, Unemployment, Untrustworthiness

Ioannis Kallianotis

297

22.

Efficiency of the European Welfare Regime

Kosta Josifidis, Novica Supic and Pucar Beker

341

23.

Impact on Welfare of Country Heterogeneity in a Currency Union

Carla Soares    

359

Part F: Methodology and Modeling Issues

24.

Neural Networks Principal Component Analysis (NNPCA) for Estimating the Generative Multifactor Model of Returns in a Statistical Approach to the Arbitrage Pricing Theory (APT): Evidence from the Mexican Stock Exchange

Rogelio Ladrón de Guevara Cortés and Salvador Torra Porras

385

PART G: Management and Entrepreneurship

25.

The Creation of Jobs for the Professional Development of Individuals over 40 years old: Entrepreneurship

Sonia Benito Hernandez and Jose Ramos Rodrigo

411

26.

Transmission Mechanisms of Macroeconomic Impact on CEE Corporations

Cristina Maria Triandafil and Petre Brezeanu  

431

27.

Diversity of Innovation Strategies of Non-cumulative Firms: The Case of the Czech Republic, Hungary and Poland

Anna Wziątek-Kubiak, Ewa Balcerowicz and Marek Pęczkowski

443

28.

An Empirical Analysis on Industry Attractiveness in Emerging Markets and the formation of Business Groups

Eduardo Jarque and Kiyoaki Shiotsugu  

479

PART  H: Industry Studies

29.

Project-oriented Marketing Cooperation between Industrial Partners in the B2B Market

Tatiana Čorejová and Corinna Ludwig

493

30.

Quality Adjusted Life Years (QALY) as a Way to Better Assess Pain and Suffering Damages

Vaia Karapanou and Louis Visscher

507

31.

Estimation of a Cost Function for the Portuguese Water and Wastewater Industry

Henrique Monteiro

519

32.

US Cottonseed Price Analysis and Policy Implications

Olga Murova, Jaime Malaga and Benaissa Chidmi

535