Browsing by Topic Conventional finance

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Showing results 275 to 284 of 300
  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • item.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Mohamed, Azali; Chow, Li Shen (2011)

  • This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP per capita), the net foreign assets position (proxied by the current account balance, CAB), and the real interest rate differential (RIR). The empirical results demonstrate stable long run relationship between the real exchange rate (RER) and GDP per capita (GDPPC), real interest rate (RIR) and current account balance (CAB).

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study seeks to investigate the economic antecedents of happiness by employing the Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) estimators to analyse a set of macro panel data on selected OECD countries for 40 years from 1973 to 2012. The results show evidence that income and unemployment have a favourable impact on happiness, while happiness is hindered by inflation and income inequality. Surprisingly, the study revealed that institutional quality is not a significant antecedent of happiness. It is worth noting the importance of the reference group theory or relative theory of happiness and the set-point theory of happiness in explaining the role p...

  • efficiency_trading_halts_emerging_market_evidence_obiyathulla_eskandar_roslily.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Mohd Rasid, Mohamed Eskandar Shah; Ramlee, Roslily (2008)

  • This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter.

  • impact_exchange_rate_tomato_trade_evidence_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Alias, Emmy Farha; Abdul Hamid, Baharom; Ismail, Illisriyani; Radam, Alias (2012)

  • Economists recognized that exchange rate have a significant impact on trade. In this study we employed the Autoregressive Distributed Lag (ARDL) bounds testing procedure to analyze the impact of exchange rate on tomato’s export and import for Malaysia. The period of study covers 1997-2007 using quarterly data. Real Effective Exchange Rate (REER) was used rather than conventional exchange rate since this study covers the trade between Malaysia and the rest of the world. Our results indicate that both the export and import of tomatoes exhibit significant long-run relationships with REER. Causal effects in both cases are bidirectional. However, while the sign is economically correct for ...

  • item.jpg
  • Academic Proceeding


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study examines the long-run relationships and short-run dynamic interactions between stock returns and its determinants comprising of GDP per capita, inflation and happiness, over the period 1973 to 2012. The study applies the dynamic heterogenous panel estimation techniques of Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) to analyse a set of macro panel data on selected OECD countries to establish the possible causal relations between these variables. The results of this study show evidence that income has a favourable impact on the stock market, while inflation dampens stock returns. Interestingly, the study also revealed that happiness is not sig...

  • the malaysian economy_pacific connections.pdf.jpg
  • Book


  • Authors: Abdul Kareem, Mohamed Ariff (1991)

  • This book examines the importance of the Pacific region to the Malaysian economy. Particular emphasis is placed on the contributions of the Pacific to Malaysia's trade expansion and industrial development through foreign investment. The book also traces the trends in the Pacific, discusses the possible impact of such trends on the Malaysian economy in the years ahead, and draws policy implications for the 1990s and beyond.

  • The next financial crisis and how to save capitalism.pdf.jpg
  • Book


  • Authors: Askari, Hossein; Mirakhor, Abbas (2015)

  • The financialization of the economy has brought a number of interrelated problems which have contributed to growing income and wealth inequality. Askari and Mirakhor assert that it is time to make a bold change by putting our financial house in order and on a better path, advocating for a fundamental reform of the financial system.

  • role_agricultural_water_markets_allocation_pricing_water_resources_case_study _mojen_water_market_persian_kazem.pdf.jpg
  • Journal Article


  • Authors: Bohlolvand, Abbas; Sadr, Seyed Kazem; Hashemi, Seyed Abolghasem (2015)

  • Water markets are instrumental in efficient allocation and pricing of scarce water by enhancing allocative and price efficiency of water use. The prerequisites for water market formation are tradable water rights independent from ownership of the land, extensive water canals, water use associations, and adequate market regulations. Mojen water market has been facilitating exchange of alternative water rights for more than 40 years accommodating among other things 30% of total farmers water demand. The total volume of water exchanged through the marker over the 3 year period of (2002-2004) are 38, 54 and 88 Q3, with average price of 555, 651, and 664 IR/Q3, respectively. The purpose of...

  • role_gold_financial_investment_malaysian_perspectives_mansor_baharom.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Abdul Hamid, Baharom (2011)

  • The paper assesses whether gold investment provides diversification, hedge, or safe haven benefit for the case of Malaysia using daily data from August 2001 to March 2010. The results indicate that at best gold serves as a diversification asset for Malaysian investors. In the analysis, we also find changing investment role of gold in recent years marked by global financial market uncertainties. The hedge and safe haven properties of gold investment documented in the initial sub-sample have been degraded to only diversification property. Moreover, the extreme market conditions tend to weaken the role of gold as a diversification asset in financial portfolio formation.

Browsing by Topic Conventional finance

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 275 to 284 of 300
  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • item.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Habibullah, Muzafar Shah; Mohamed, Azali; Chow, Li Shen (2011)

  • This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP per capita), the net foreign assets position (proxied by the current account balance, CAB), and the real interest rate differential (RIR). The empirical results demonstrate stable long run relationship between the real exchange rate (RER) and GDP per capita (GDPPC), real interest rate (RIR) and current account balance (CAB).

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study seeks to investigate the economic antecedents of happiness by employing the Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) estimators to analyse a set of macro panel data on selected OECD countries for 40 years from 1973 to 2012. The results show evidence that income and unemployment have a favourable impact on happiness, while happiness is hindered by inflation and income inequality. Surprisingly, the study revealed that institutional quality is not a significant antecedent of happiness. It is worth noting the importance of the reference group theory or relative theory of happiness and the set-point theory of happiness in explaining the role p...

  • efficiency_trading_halts_emerging_market_evidence_obiyathulla_eskandar_roslily.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Mohd Rasid, Mohamed Eskandar Shah; Ramlee, Roslily (2008)

  • This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter.

  • impact_exchange_rate_tomato_trade_evidence_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Alias, Emmy Farha; Abdul Hamid, Baharom; Ismail, Illisriyani; Radam, Alias (2012)

  • Economists recognized that exchange rate have a significant impact on trade. In this study we employed the Autoregressive Distributed Lag (ARDL) bounds testing procedure to analyze the impact of exchange rate on tomato’s export and import for Malaysia. The period of study covers 1997-2007 using quarterly data. Real Effective Exchange Rate (REER) was used rather than conventional exchange rate since this study covers the trade between Malaysia and the rest of the world. Our results indicate that both the export and import of tomatoes exhibit significant long-run relationships with REER. Causal effects in both cases are bidirectional. However, while the sign is economically correct for ...

  • item.jpg
  • Academic Proceeding


  • Authors: V. Rasiah, R. Ratneswary; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2015)

  • This study examines the long-run relationships and short-run dynamic interactions between stock returns and its determinants comprising of GDP per capita, inflation and happiness, over the period 1973 to 2012. The study applies the dynamic heterogenous panel estimation techniques of Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) to analyse a set of macro panel data on selected OECD countries to establish the possible causal relations between these variables. The results of this study show evidence that income has a favourable impact on the stock market, while inflation dampens stock returns. Interestingly, the study also revealed that happiness is not sig...

  • the malaysian economy_pacific connections.pdf.jpg
  • Book


  • Authors: Abdul Kareem, Mohamed Ariff (1991)

  • This book examines the importance of the Pacific region to the Malaysian economy. Particular emphasis is placed on the contributions of the Pacific to Malaysia's trade expansion and industrial development through foreign investment. The book also traces the trends in the Pacific, discusses the possible impact of such trends on the Malaysian economy in the years ahead, and draws policy implications for the 1990s and beyond.

  • The next financial crisis and how to save capitalism.pdf.jpg
  • Book


  • Authors: Askari, Hossein; Mirakhor, Abbas (2015)

  • The financialization of the economy has brought a number of interrelated problems which have contributed to growing income and wealth inequality. Askari and Mirakhor assert that it is time to make a bold change by putting our financial house in order and on a better path, advocating for a fundamental reform of the financial system.

  • role_agricultural_water_markets_allocation_pricing_water_resources_case_study _mojen_water_market_persian_kazem.pdf.jpg
  • Journal Article


  • Authors: Bohlolvand, Abbas; Sadr, Seyed Kazem; Hashemi, Seyed Abolghasem (2015)

  • Water markets are instrumental in efficient allocation and pricing of scarce water by enhancing allocative and price efficiency of water use. The prerequisites for water market formation are tradable water rights independent from ownership of the land, extensive water canals, water use associations, and adequate market regulations. Mojen water market has been facilitating exchange of alternative water rights for more than 40 years accommodating among other things 30% of total farmers water demand. The total volume of water exchanged through the marker over the 3 year period of (2002-2004) are 38, 54 and 88 Q3, with average price of 555, 651, and 664 IR/Q3, respectively. The purpose of...

  • role_gold_financial_investment_malaysian_perspectives_mansor_baharom.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Abdul Hamid, Baharom (2011)

  • The paper assesses whether gold investment provides diversification, hedge, or safe haven benefit for the case of Malaysia using daily data from August 2001 to March 2010. The results indicate that at best gold serves as a diversification asset for Malaysian investors. In the analysis, we also find changing investment role of gold in recent years marked by global financial market uncertainties. The hedge and safe haven properties of gold investment documented in the initial sub-sample have been degraded to only diversification property. Moreover, the extreme market conditions tend to weaken the role of gold as a diversification asset in financial portfolio formation.