Report NEP-FMK-2006-10-14

This is the archive for NEP-FMK, a report on new working papers in the area of Financial Markets. Carolina Valiente issued this report. It is usually issued weekly.

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Other reports in NEP-FMK

The following items were announced in this report:

• Beck, Thorsten & Hesse, Heiko, 2006. "Bank efficiency, ownership, and market structure : why are interest spreads so high in Uganda ?," Policy Research Working Paper Series 4027, The World Bank.
• Jordi Mondria, 2006. "Financial Contagion and Attention Allocation," Working Papers tecipa-254, University of Toronto, Department of Economics.
• Adam B. Ashcraft & Hoyt Bleakley, 2006. "On the market discipline of informationally opaque firms: evidence from bank borrowers in the federal funds market," Staff Reports 257, Federal Reserve Bank of New York.
• Dmitry Livdan & Horacio Sapriza & Lu Zhang, 2006. "Financially Constrained Stock Returns," NBER Working Papers 12555, National Bureau of Economic Research, Inc.
• Item repec:dgr:kubcen:200682 is not listed on IDEAS anymore

• John D. Burger & Francis E. Warnock, 2006. "Foreign Participation in Local Currency Bond Markets," NBER Working Papers 12548, National Bureau of Economic Research, Inc.
• Morten L. Bech & Bart Hobijn, 2006. "Technology diffusion within central banking: the case of real-time gross settlement," Staff Reports 260, Federal Reserve Bank of New York.
• Sudipto Bhattacharya & Charles A. E. Goodhart & Pojanart Sunirand & Dimitrios P. Tsomocos, 2006. "Banks, Relative Performance, and Sequential Contagion," OFRC Working Papers Series 2006fe10, Oxford Financial Research Centre.
• Bayraktar, Nihal & Wang, Yan, 2006. "Banking sector openness and economic growth," Policy Research Working Paper Series 4019, The World Bank.
• van den Hauwe, Ludwig, 2006. "Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´," MPRA Paper 49, University Library of Munich, Germany.
• Beck, Thorsten & de la Torre, Augusto, 2006. "The basic analytics of access to financial services," Policy Research Working Paper Series 4026, The World Bank.
• Novy, Dennis, 2006. "Hedge Your Costs: Exchange Rate Risk and Endogenous Currency Invoicing," The Warwick Economics Research Paper Series (TWERPS) 765, University of Warwick, Department of Economics.
• Matesanz Gómez, David & Ortega, Guillermo J., 2005. "Economic growth and currency crisis: A real exchange rate entropic approach," MPRA Paper 211, University Library of Munich, Germany, revised 2006.
• Joshua V. Rosenberg & Leah G. Traub, 2006. "Price discovery in the foreign currency futures and spot market," Staff Reports 262, Federal Reserve Bank of New York.
• Robert Chirinko & Hisham Foad, 2006. "Noise vs. News in Equity Returns," CESifo Working Paper Series 1812, CESifo.
• Porzecanski, Arturo C., 2006. "The role of professional economists in the financial markets," MPRA Paper 106, University Library of Munich, Germany.
• John D. Burger & Francis E. Warnock, 2006. "Local Currency Bond Markets," NBER Working Papers 12552, National Bureau of Economic Research, Inc.
• José Alberto Fuinhas, 2006. "Monetary Transmission and Bank Lending in Portugal: A Sectoral Approach," Working Papers de Gestão, Economia e Marketing (Management, Economics and Marketing Working Papers) e01/2006, Universidade da Beira Interior, Departamento de Gestão e Economia (Portugal).
• Morten L. Bech & Walter E. Beyeler & Robert J. Glass & Kimmo Soramaki, 2006. "Congestion and cascades in payment systems," Staff Reports 259, Federal Reserve Bank of New York.
• Alexandra Lai & Nikil Chande & Sean O'Connor, 2006. "Credit in a Tiered Payments System," Staff Working Papers 06-36, Bank of Canada.
• Nenova, Tatiana, 2006. "Takeover laws and financial development," Policy Research Working Paper Series 4029, The World Bank.
• Guglielmo Maria Caporale & Christoph Hanck, 2006. "Cointegration Tests of PPP: Do they also Exhibit Erratic Behaviour?," CESifo Working Paper Series 1811, CESifo.
• Item repec:pra:mprapa:153 is not listed on IDEAS anymore

• Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2006. "GSEs, mortgage rates, and secondary market activities," Finance and Economics Discussion Series 2006-30, Board of Governors of the Federal Reserve System (U.S.).
• O. Aspachs & C. Goodhart & M. Segoviano & D. Tsomocos & L. Zicchino, 2006. "Searching for a Metric for Financial Stability," OFRC Working Papers Series 2006fe09, Oxford Financial Research Centre.
• van den Hauwe, Ludwig, 2006. "The Uneasy Case for Fractional-Reserve Free Banking," MPRA Paper 120, University Library of Munich, Germany.
• Stephen G. Cecchetti, 2006. "Measuring the Macroeconomic Risks Posed by Asset Price Booms," NBER Working Papers 12542, National Bureau of Economic Research, Inc.
• Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2006. "Bank Behavior and the Cost Channel of Monetary Transmission," CESifo Working Paper Series 1813, CESifo.
• Michael Fritsch & Dirk Schilder, 2006. "Is Venture Capital a regional business? – The role of syndication," Papers on Entrepreneurship, Growth and Public Policy 2006-25, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
• Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2006. "Bretton Woods and the U.S. decision to intervene in the foreign-exchange market, 1957-1962," Working Papers (Old Series) 0609, Federal Reserve Bank of Cleveland.
• Truc Le & Eckhard Platen, 2006. "Approximating the Growth Optimal Portfolio with a Diversified World Stock Index," Research Paper Series 184, Quantitative Finance Research Centre, University of Technology, Sydney.
• Yunus Aksoy & Hanno Lustig, 2006. "Exchange Rates, Prices and International Trade in a Model of Endogenous Market Structure," Birkbeck Working Papers in Economics and Finance 0609, Birkbeck, Department of Economics, Mathematics & Statistics.
• Francis E. Warnock & Veronica Cacdac Warnock, 2006. "International Capital Flows and U.S. Interest Rates," NBER Working Papers 12560, National Bureau of Economic Research, Inc.
• Enrique G. Mendoza, 2006. "Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q," NBER Working Papers 12564, National Bureau of Economic Research, Inc.
• Simtowe, Franklin & Zeller, Manfred, 2006. "The Impact of Access to Credit on the Adoption of hybrid maize in Malawi: An Empirical test of an Agricultural Household Model under credit market failure," MPRA Paper 45, University Library of Munich, Germany.
• Item repec:dgr:kubcen:200691 is not listed on IDEAS anymore

• Clive Bowsher & Roland Meeks, 2006. "High Dimensional Yield Curves: Models and Forecasting," Economics Papers 2006-W12, Economics Group, Nuffield College, University of Oxford.
• Item repec:col:001018:002673 is not listed on IDEAS anymore

• Philippe Desbrières, 2006. "Les normes comptables actuelles permettent-elles une comptabilisation des stock-options à leur juste valeur?," Working Papers CREGO 1061002, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• M.Utku Unver, 2005. "Efficient Kidney Exchange: Coincidence of Wants in a Structured Market," Working Paper 263, Department of Economics, University of Pittsburgh, revised Jan 2005.
• Roc Armenter & Martin Bodenstein, 2006. "Does the time inconsistency problem make flexible exchange rates look worse than you think?," International Finance Discussion Papers 865, Board of Governors of the Federal Reserve System (U.S.).
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas de BBVA," IESE Research Papers D/638, IESE Business School.
• Andrew Ching & Fumiko Hayashi, 2006. "Payment card rewards programs and consumer payment choice," Payments System Research Working Paper PSR WP 06-02, Federal Reserve Bank of Kansas City.
• Kirdan Lees, 2006. "What do robust policies look like for open economy inflation targeters?," Reserve Bank of New Zealand Discussion Paper Series DP2006/08, Reserve Bank of New Zealand.
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas del Banco Santander," IESE Research Papers D/637, IESE Business School.
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas del Banco Popular," IESE Research Papers D/639, IESE Business School.
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas de Iberdrola," IESE Research Papers D/640, IESE Business School.
• Eckhard Platen, 2006. "On the Pricing and Hedging of Long Dated Zero Coupon Bonds," Research Paper Series 185, Quantitative Finance Research Centre, University of Technology, Sydney.
• Christine Marsal, 2006. "La cohérence dans la mobilisation du capital humain:une illustration de la théorie de l’architecture organisationnelle dans les banques de réseau," Working Papers CREGO 1060501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• Alan M. Taylor & Janine L. F. Wilson, 2006. "International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30," NBER Working Papers 12543, National Bureau of Economic Research, Inc.
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas de Unión Fenosa," IESE Research Papers D/642, IESE Business School.
• Fernandez, Pablo & Carabias, Jose M., 2006. "Creación de valor para los accionistas de Repsol," IESE Research Papers D/643, IESE Business School.
• Jacob Bikker & Laura Spierdijk & Paul Finnie, 2006. "Misspecifiation of the Panzar-Rosse Model: Assessing Competition in the Banking Industry," DNB Working Papers 114, Netherlands Central Bank, Research Department.
• Enrico Prinz, 2006. "Corporate Governance and the Uncertain Role of Interlocking Directorates:Director Networks in Germany and their Impact on Financial Performance," Working Papers CREGO 1061001, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• Michael D. Bordo & David C. Wheelock, 2006. "When do stock market booms occur? the macroeconomic and policy environments of 20th century booms," Working Papers 2006-051, Federal Reserve Bank of St. Louis.
• Szilárd Benk & Max Gillman & Michal Kejak, 2006. "Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," CDMA Conference Paper Series 0604, Centre for Dynamic Macroeconomic Analysis.
• Item repec:cfs:cfswop:wp2000622 is not listed on IDEAS anymore

• Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?," NBER Working Papers 12547, National Bureau of Economic Research, Inc.
• James Feigenbaum, 2006. "Precautionary Saving Unfettered," Working Paper 227, Department of Economics, University of Pittsburgh, revised Jan 2006.
• Rajagopal, 2006. "Technology and Customer Value Dynamics in Banking Industry: Measuring Symbiotic Influence in Growth and Performance," Marketing Working Papers 2006-07-MKT, Tecnológico de Monterrey, Campus Ciudad de México.
• Fleten, Stein-Erik & Lindset, Snorre, 2004. "Optimal hedging strategies for multi-period guarantees in the presence of transaction costs: A stochastic programming approach," MPRA Paper 220, University Library of Munich, Germany, revised Apr 2006.
• Stephen F. Quinn & William Roberds, 2006. "An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the first central bank," FRB Atlanta Working Paper 2006-13, Federal Reserve Bank of Atlanta.
• Zon, Adriaan van & Fuss, Sabine, 2006. "Irreversible Investment under Uncertainty in Electricity Generation: A Clay-Clay-Vintage Portfolio Approach with an Application to Climate Change Policy in the UK," MERIT Working Papers 2006-035, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass-through of exchange rates to consumption prices: what has changed and why," Staff Reports 261, Federal Reserve Bank of New York.
• Jianhuai Shi, 2006. "Are Currency Appreciations Contractionary in China?," NBER Working Papers 12551, National Bureau of Economic Research, Inc.
• Item repec:pit:wpaper:216 is not listed on IDEAS anymore

• Matesanz Gómez, David & Fugarolas Álvarez-Ude, Guadalupe, 2006. "Exchange rate policy and trade balance. A cointegration analysis of the argentine experience since 1962," MPRA Paper 151, University Library of Munich, Germany, revised 2006.
• Allard Bruinshoofd & Sybille Grob, 2006. "Do changes in pension incentives affect retirement? A stated preferences approach to Dutch retirement consideration," DNB Working Papers 115, Netherlands Central Bank, Research Department.
• Christopher J. Gust & Sylvain Leduc & Robert J. Vigfusson, 2006. "Trade integration, competition, and the decline in exchange-rate pass-through," International Finance Discussion Papers 864, Board of Governors of the Federal Reserve System (U.S.).
• David Cobham, 2006. "Using Taylor Rules to Assess the Relative Activism of the European Central Bank, the Bank of England and the Federal Reserve Board," CDMA Conference Paper Series 0602, Centre for Dynamic Macroeconomic Analysis.
• Fabrice Hervé, 2006. "Famille de fonds de pension, performance et persistance de la performance," Working Papers CREGO 1060903, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• Item repec:dgr:nijrep:2006-10 is not listed on IDEAS anymore

• Paul Söderlind, 2006. "C-CAPM without Ex Post Data," University of St. Gallen Department of Economics working paper series 2006 2006-22, Department of Economics, University of St. Gallen.
• Item repec:pit:wpaper:231 is not listed on IDEAS anymore

• Item repec:dgr:rugsom:06e10 is not listed on IDEAS anymore

• Roland Meeks, 2006. "Credit Shocks and Cycles: a Bayesian Calibration Approach," Economics Papers 2006-W11, Economics Group, Nuffield College, University of Oxford.
• Evelyne Poincelot & Grégory Wegmann, 2006. "Perspectives on non-financial indicators as a strategic management accounting tool:A French inquiry," Working Papers CREGO 1060905, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• Dirk Bergemann & Juuso Valimaki, 2006. "Efficient Dynamic Auctions," Cowles Foundation Discussion Papers 1584, Cowles Foundation for Research in Economics, Yale University.
• James Feigenbaum, 2005. "Heterogeneity vs Uncertainty in Anticipation of a Borrowing Constraint," Working Paper 230, Department of Economics, University of Pittsburgh, revised Jan 2005.
• Item repec:dgr:kubcen:200692 is not listed on IDEAS anymore

• Cambell Leith & Simon Wren-Lewis, 2006. "The Optimal Monetary Policy Response to Exchange Rate Misalignments," CDMA Conference Paper Series 0605, Centre for Dynamic Macroeconomic Analysis.
• Helyette Geman & Steve Ohana, 2006. "Time Inconsistency in Managing a Commodity Portfolio: A Dynamic Risk Measure Approach," Birkbeck Working Papers in Economics and Finance 0610, Birkbeck, Department of Economics, Mathematics & Statistics.
• Harry Garretsen & Jolanda Peeters, 2006. "Capital Mobility, Agglomeration and Corporate Tax Rates: Is the Race to the Bottom for Real?," DNB Working Papers 113, Netherlands Central Bank, Research Department.
• Joseph L. Love, 2007. "The Latin American Contribution to Center-Periphery Perspectives: History and Prospect," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 10, TUT Ragnar Nurkse Department of Innovation and Governance.
• M.Utku Unver & John Dufffy, 2005. "Internet Auctions with Artificial Adaptive Agents: A Study on Market Design," Working Paper 260, Department of Economics, University of Pittsburgh, revised Jan 2005.
• Item repec:pra:mprapa:121 is not listed on IDEAS anymore

• Aude Hubrecht & Michel Dietsch & Fabienne Guerra, 2005. "Mesure de la performance des agences bancaires par une approche DEA," Working Papers CREGO 1050602, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
• Guillaume Daudin, 2006. "Paying Transaction Costs," Documents de Travail de l'OFCE 2006-14, Observatoire Francais des Conjonctures Economiques (OFCE).