The use of Monte Carlo simulation for evaluation of financial risk of an information technology project selection decision is described. A major Thai bank considered the opportunity to expand credit card operations through information technology (IT). Alternatives considered were in-house development and outsourcing. There were many strategic reasons for the initiative. However, there were also...

This paper estimates international spillover e§ects of US Quantitative Easing (QE) on emerging market economies. Using a Bayesian VAR on monthly US macroeconomic and financial data, we first identify the US QE shock with non-recursive identifying restrictions. This identified shock is then used in another Bayesian panel VAR for emerging market economies to infer the international spillover e§ec...

This study is conducted to investigate the relationship among international trade, financial development and economic growth in Pakistan. The ADF and PP tests are used to check the order of integration of the variables and Johansen co-integration methodology is employed to investigate the long run relationship among these variables. The direction of causality between variable is tested by Grang...

The aim of the article was to build a model based on fuzzy logic describing level sustainable development for individual EU Member States in 2009–2019 and conduct simulations as result which scenarios prediction acknowledging financial variables (the share environmental taxes, deficit, debt). original research approach is expressed by including models analysis with inclusion variables. Netherla...

This study aims to examine the effect of financial performance on firm value, both direct and through managerial ownership as an intervening variable. Financial consists three variables: Profitability measured by return equity (ROE), Leverage debt ratio (DER), Liquidity current (CR) value price book (PBV) with (MOWN) a moderating The population in this are infrastructure companies listed Indone...

This paper investigates the ability of the adaptive learning approach to replicate the expectations of professional forecasters. For a range of macroeconomic and financial variables, we compare constant and decreasing gain learning models to simple, yet powerful benchmark models. We find that both, constant and decreasing gain models, provide a good fit for the expectations of professional fore...

This report summarizes the findings of a UNDP-sponsored study on the structure of the financial sector, central bank policy, and employment outcomes in Ghana. The financial sector is the primary conduit through which monetary policy affects real economic outcomes, and monetary policy determines the resources available to financial institutions. Therefore, monetary policy must be coordinated wit...