Timothy Besley, Stephen Coate
In this paper, we investigate the impact on repayment rates of lending to groups which are made jointly liable for repayment. This type of scheme, especially in the guise of the Grameen Bank in Bangladesh, has received increasing attention. We set up and analyze the ‘repayment game’ which group lend...
Shaker Ahmed, Mostafa Monzur Hasan, Md Rajib Kamal
Abstract We examine the effect of the Russia–Ukraine crisis on the European stock markets. Because of increased political uncertainty, geographic proximity and the ramifications of the fresh sanctions imposed on Russia, the European stock markets tended to react negatively to this crisis. We find th...
Christos K. Staikouras, Geoffrey E. Wood
The rate of return earned by a financial institution is affected by numerous factors. These factors include elements internal to each financial institution and several important external forces shaping earnings performance. The type of explanation would determine possible policy implications and oug...
Girijasankar Mallik, Anis Chowdhury
This paper seeks to examine the relationship between inflation and GDP growth for four South Asian countries (Bangladesh, India, Pakistan and Sri Lanka). A comparison of empirical evidence is obtained from the cointegration and error correction models using annual data collected from the IMF Interna...
Md. Mahmudul Alam, Md. Gazi Salah Uddin
Stock exchange and interest rate are two crucial factors of economic growth of a country. The impacts of interest rate on stock exchange provide important implications for monitory policy, risk management practices, financial securities valuation and government policy towards financial markets. This...
Md. Qamruzzaman, Wei Jianguo
No substantial evidence available in existing literature regarding the pattern of financial development, trade openness and foreign capital effect on renewable energy consumption. With this study, we tried to fill the gap by figuring out the answer to the question of whether the relationships betwee...
Syed Abul Basher, Alfred A. Haug, Perry Sadorsky
Syed Abul Basher, Alfred A. Haug, Perry Sadorsky
The impact that oil-market shocks have on stock prices in oil exporting countries has implications for both domestic and international investors. We derive the shocks driving oil prices from an oil market model that explicitly identifies speculative trading in the crude oil market. We study the nonl...
Anup Chowdhury, Suman Chowdhury
Modigliani & Miller (1958) show the impact of debt-equity ratio on firm value in their capital structure theory. Economist and financial researchers have spent time to develop new thoughts around this theory. Despite their effort the Modigliani & Miller (MM) model is still in vague. In this paper at...
Hafiz Hoque, Jae Kim, Chong Soo Pyun
Xiongfeng Pan, Md. Kamal Uddin, Cuicui Han, Xianyou Pan
Using annual time series data for the period 1976 to 2014, this study attempts to empirically examine the contemporaneous causal linkages among financial development, trade openness, technological innovation and energy intensity in Bangladesh. Directed acyclic graphs (DAG) technique and structural v...
Andrew Foster
In this paper, it is argued that fluctuations in child growth in rural areas of Bangladesh during and after severe floods in 1988 can provide insight into the structure of credit markets. A model of intertemporal resource allocation is developed and Euler equations relating growth patterns of childr...
Fadzlan Sufian, Muzafar Shah Habibullah
This study seeks to examine the performance of 37 Bangladeshi commercial banks between 1997 and 2004. The empirical findings of this study suggest that bank specific characteristics, in particular loans intensity, credit risk, and cost have positive and significant impacts on bank performance, while...
Muhammad Saeed Meo, Mohammad Ashraful Ferdous Chowdhury, Ghulam Mustafa Shaikh, Mubbshar Ali et al.
This study scrutinized the asymmetric impact of oil prices, exchange rate, and inflation on tourism demand in Pakistan using [Shin, Y., Yu, B., & Greenwood-Nimmo, M. (2014) Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In Festschrift in honor of peter schm...
Md. Nurul Kabir, Sohanur Rahman, Md Arifur Rahman, Mumtaheena Anwar
In this study, we investigate the effect of carbon emissions on firms' default risk. While existing literature exhibits the implications of emissions for firm performance and value, little is known about its impact on the default risk and underlying economic channels of the impact. Using a panel dat...