a comparison of market performance during the global financial crisis

... that SNR The false track performance at the SNR values of interest is shown in Table The false track performance of the PDAF-AI is clearly unacceptable below 12 dB For the dB case, the rate of ... linear Gaussian statistics, the synthetic measurement is formed using a weighted arithmetic mean and a Kalman filter can be used as the estimator The quantisation is an artificial process, and ... than the detection performance As Table shows, the H-PMHT was more than an order of magnitude faster than the particle filter, and more than two orders of magnitude faster than the grid-based algorithms...

Ngày tải lên: 22/06/2014, 19:20

... 'solicited' diaries as a data collection method A range of qualitative and quantitative analytic techniques are then applied to the analysis of such data (for a detailed description of the use of diaries ... undertook the interviews, analyzed the data, constructed the typology, and drafted the results PH participated in the analysis of the data through critical appraisal of individual narratives and in the ... narrative data set to supplement what the diaries recorded Primary analytic attention was paid to the field diaries as the prospective narrative data The result was a large data set (approximately...

Ngày tải lên: 11/08/2014, 05:21

... 'solicited' diaries as a data collection method A range of qualitative and quantitative analytic techniques are then applied to the analysis of such data (for a detailed description of the use of diaries ... undertook the interviews, analyzed the data, constructed the typology, and drafted the results PH participated in the analysis of the data through critical appraisal of individual narratives and in the ... narrative data set to supplement what the diaries recorded Primary analytic attention was paid to the field diaries as the prospective narrative data The result was a large data set (approximately...

Ngày tải lên: 11/08/2014, 16:20

... the equity to capital ratio instead of the capital to assets ratio because of the limited availability of the latter variable in the Bankscope database, in particular for banks from Argentina ... include these variables in the regression taking advantage of the availability of data at the bank level The financial soundness variables included were capitalisation, liquidity and efficiency ratios ... Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania were above the 22% threshold Countries that are further southeast in Graph had larger negative values of the financialpressures-adjusted...

Ngày tải lên: 06/03/2014, 08:20

... provide an appropriate multilateral regulatory framework for the management of the economy at the global level exacerbated in the wake of the great recession of 2007–9 At the time of the GFC, the ... 67 Financial Regionalism after the Global Financial Crisis: Regionalist Impulses and National Strategies William W Grimes 88 Regaining Control? Capital Controls and the Global Financial Crisis ... the politics of global finance and theories of global governance He is the author of The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness (2005) Graham...

Ngày tải lên: 01/11/2014, 11:37

... Indeed, the popular term financial crisis takes this assumption as a given 34 TCDN There are Limitations to the EMH as a Theory of Financial Markets  The problems originated in the real asset markets ... : The January Effect 50 TCDN Anomalies, Behavioral Finance, and the Future of Market Efficiency”  No theory can explain all the data it is asked to explain: there are always anomalies  What ... EMH as a Theory of Financial Markets  The EMH has many obvious limitations = >The most important of these limitations stems from the fact that EMH is a “pure exchange” model of information in markets...

Ngày tải lên: 14/07/2015, 11:45

... financial market regulation—in the US, the UK and increasingly across the world—has been that financial markets are capable of being both efficient and rational and that a key goal of financial market ... are rationalizations of the anomalies of others If all theories are abstractions and all theories have anomalies, but behavioral finance has no anomalies  the implication is that it is not a theory ... the Financial Crisis There are Limitations to the EMH as a Theory of Financial Markets An almost exclusive focus on the demand side is perhaps the single biggest weakness of “modern” financial...

Ngày tải lên: 14/07/2015, 11:45

... Blame?” These are but a handful of the many accusations that have been heaped on the EMH The Global Financial Crisis and the Efficient Market Hypothesis  I have argued in the past and will argue ... exchange” model of information in markets There are Limitations to the EMH as a Theory of Financial Markets The theory makes no statements whatsoever about the “supply side” of the information market: ... Limitations to the EMH as A Theory is Just a Theory a Theory of Financial Markets The real world is There are limitations to tests of complex the EMH A Theory is Just a Theory No theory can or...

Ngày tải lên: 14/07/2015, 11:45

... UK and increasingly across the world—has been that financial markets are capable of being both efficient and rational and that a key goal of financial market regulation is to remove the impediments ... None of the above is meant to detract from the contribution of behavioral financial research, which has widened our knowledge of how financial markets behave and has demonstrated major holes in the ... greater abstractions They are ways of implementing the basic ideas in a theory, using more detailed and more specific assumptions that adapt the theory for particular purposes They cannot and...

Ngày tải lên: 14/07/2015, 11:49

... dung lẫn thời gian (The Economics of Money, Banking and financial markets, 10th editon, Miskin) ** Hơn n a, tồn dự báo kiện thị trường phù hợp với công trình nghiên cứu Fama Benoit Mandelbrot gọi ... giả Eugene Fama)? Các nhà sử học dẫn chứng “Dutch Tulip mania” vào năm 1637 chứng bong bóng thị trường, kiện: “South Sea Company Buble” – 1720, “Railway mania” – 1840s, “Florida Land Buble” – ... hình thành (The Economics of Money, Banking and financial markets, 10th editon, Miskin)** Tôi tranh cãi, tiếp tục, EMH – lý thuyết hay khác – có hạn chế nó, tiếp tục nguồn lý thuyết quan trọng khác...

Ngày tải lên: 14/07/2015, 11:50

... financial management and control theories and approaches The situation also caused them skeptical about the growth of the financial markets, the interaction among different market segments, and ... indespensable part seems the results of the company’s businees performance through its financial standards Through data of the analysed financial standards, we can clearly distinguish how its financial ... can be seen that the concepts of a strategy are varied Yet, a strategy, from any angles and at any time, has some most typical features that reflect the nature of the business strategies of an...

Ngày tải lên: 31/10/2016, 13:58

... conditions in the run-up to the crisis These are the yearly average rate of GDP growth, GDP GROWTH, and the MONEY MARKET RATES The use of pre -crisis averages for the explanatory variables ameliorates ... properly transformed around the mean of the explanatory variables to show the change in the probability of failure associated with a change in the explanatory variables, support the notion that banks ... convey the change in the probability of failure associated with a marginal change in the explanatory variables from their pre -crisis mean values The two target variables are the net stable funding...

Ngày tải lên: 22/03/2014, 21:20

... by 2011 The other large institutional change was the ascension of the Financial Stability Board, a group of central bankers and financial regulators, to take a lead role in coordinating and monitoring ... primary cause of the problems of AIG and other companies The global financial crisis has brought home an important point: the United States is still a major center of the financial world Regional ... Regional financial crises (such as the Asian financial crisis, Japan’s banking crisis, or the Latin American debt crisis) can occur without seriously infecting the rest of the global financial system...

Ngày tải lên: 23/03/2014, 02:20

... by 2011 The other large institutional change was the ascension of the Financial Stability Board, a group of central bankers and financial regulators, to take a lead role in coordinating and monitoring ... primary cause of the problems of AIG and other companies The global financial crisis has brought home an important point: the United States is still a major center of the financial world Regional ... Regional financial crises (such as the Asian financial crisis, Japan’s banking crisis, or the Latin American debt crisis) can occur without seriously infecting the rest of the global financial system...

Ngày tải lên: 09/08/2014, 20:20

... addressing global financial issues.70 However, as the crisis has played out and with rising approval of the Obama Administration abroad, it appears that U.S leadership still plays a central role According ... International Financial Organizations The financial crisis has brought international financial organizations and institutions into the spotlight These include the International Monetary Fund, the Financial ... Congressional Research Service 17 The Global Financial Crisis: Analysis and Policy Implications terrorist targets in Pakistan, and the country faces a budget shortfall that may curtail the ability of the...

Ngày tải lên: 09/08/2014, 20:20

... sustained decline the close tracking of the equities markets in the United States, Japan, and the U.K provides further evidence of the global nature of capital markets and the rapidity of international ... Since the Asian financial crisis, many Asian emerging market economies enacted a policy of foreign reserve accumulation as a form of self-insurance in case they once again faced a “sudden stop” of ... ISDA, Margin Survey 2008 Collateral calls have been a major factor in the financial difficulties of AIG insurance Congressional Research Service 35 The Global Financial Crisis: Analysis and Policy...

Ngày tải lên: 09/08/2014, 20:20

... retreat from the financial markets Brazil also has a sound and well-regulated banking system and experienced central bank leadership and staff that has helped maintain confidence in the financial ... recession than others The economies of Latin America and the Caribbean grew at an average annual rate of nearly 5.5% for the five years 2004-2008, lending credence to the once prominent idea that they ... Since the start of the financial crisis, the European Union has taken a number of steps to improve supervision of financial markets These actions include: • Strengthened the Committee of European...

Ngày tải lên: 09/08/2014, 20:20

... has demonstrated the global economic and financial linkages that tie national economies together in a way that may not have been imagined even a decade ago At the time, much of the substance of ... to the fiscal capacity of the central bank.200 As a result, a disruption in liquidity threatens the viability of the banks and overwhelms the ability of the central bank to act as the lender of ... swap lines Asian leaders have sought to start other regional discussions On October 22, a Japanese government official floated the idea of a pan-Asian financial stability forum, modeled after the...

Ngày tải lên: 09/08/2014, 20:20

... major laws to change the financial system arose from the cauldron of a crisis Senior officials have acknowledged that as the financial system begins to mend, a kind of political inertia sets in as ... powers mark an important shift in international macroeconomic policy The other big institutional change is the ascension of the Financial Stability Board (FSB), a group of central bankers and financial ... Research Service 94 The Global Financial Crisis: Analysis and Policy Implications he said he opposed bailouts of insurance companies like the American International Group, the automakers’ finance...

Ngày tải lên: 09/08/2014, 20:20

... especially cited the role of China in boosting global demand Philip Suttle, head of global macroeconomic analyst at the Institute of International Finance, a trade group of large global banks, said ... grew at an annual rate of increase of 9.3% Croatia remains on track to post a deficit for the year as a whole of less than 4% of GDP, quite manageable in comparison to other economies of the region ... finance in Sub-Saharan Africa, according to the Business Day The China-Africa Development Congressional Research Service 106 The Global Financial Crisis: Analysis and Policy Implications Fund was...

Ngày tải lên: 09/08/2014, 20:20