International and domestic collateral constraints in a model of emerging market crisis

Article Abstract:

The role of financial factors behind the crises in emerging markets, the effects of domestic and international financial constraints in a simple unified network and the fact that financial underdevelopment can lead to wasted collateral due to falling asset prices were studied. The results revealed that vulnerability was structural to emerging markets and the domestic financial market underdevelopment would lead the firms to undervalue international collateral and choose excessive dollar liabilities.

Emerging markets

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Innovation, imitation, and growth with cumulative technology

Article Abstract:

The implication of imitative activity in growth theory was studied and a model of economic growth with innovation and imitation is constructed. The results revealed imitation enhanced aggregate innovative activity by increasing the number of innovating industries and the dynamic performance of the economy.

Management-Creativity, Influence, Business creativity

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The predictive power of the yield curve: A theoretical assessment

Article Abstract:

A theoretical basis for empirically supported leading indicator property of term spread (LIPTS) is provided with the help of dynamic equilibrium asset pricing models. A yield curve is used to track movements in the future output and consumption growth rates.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Asset Valuation & Distribution, Equilibrium (Economics), Asset valuation

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