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May 26, 2021Open Access
We consider an interbank market and a central bank in an agent-based macroeconomic model with credit and capital to evaluate the effects of monetary policies—conventional and quantitative easing. We find quantitative easing outperforms Taylor’s rule-style policies in smoothing out the business cycle.
Feb 04, 2021Open Access
Promoting small and medium size enterprises is a governmental strategy aimed at achieving national economic development through poverty alleviation, employment creation and other income generation activities. This study examined the determinants of small and medium size enterprises access to credit schemes around Mezam Division located in the North West Region of Cameroon. A two-stage sampling technique was used to obtain data from over 294 enterprises. Descriptive statistics and logit regressio...
Nov 30, 2018Open Access
The main objective of the study is to investigate the long run performance of the All Share Price Index (ASPI) of the Colombo Stock Exchange, based on the economic activities of Sri Lanka using cointegration and auto regressive time series. The cointegration test illustrates that share price index is cointegrated with a specific set of macroeconomic variables, i.e. exchange rate (USD/LKR), money supply, wage rates, wet foreign ass ...
Sep 14, 2017Open Access
This study investigated
the incidence of capital flight in Nigeria. A combination of the push factors
theory and the portfolio risk approach was employed. The policy and economic
environments and political developments were suspected enabling factors. The
analysis was confined to the short run in order to avoid the ambiguity inherent
in the long run effects of some explanatory variables. Following from the
preliminary data analysi ...
Aug 19, 2016Open Access
Humanity faces today several challenges, from environmental deterioration
to consumerism and a demand from the economy to sustain exponential growth over
the long term. A new middle class in emerging markets in Latin America and Asia
is gaining purchasing power. The issue of exponential growth is explored as
to whether or not it is really sustainable based on a computational experiment.
Also, the very idea of money is scrutinized. ...
Jan 30, 2015Open Access
Turkish tourism was developed as more dependent on external demand until
the 2000s. With the effect of increase in demand of domestic tourism, Turkish
tourism has gained more stable and more balanced structure in the early 21st
century. Economic stability in recent years, personal income growth, developments
in the banking and finance sector play an important role in this increase in
demand for domestic tourism. In parallel to these developments in Turkey,
increasing use of consumer credit has i...
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