This paper examines the extent to which financial development and financial structure may explain cross-country diffusion of information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990–2003, it finds that credit and stock market development tends to foster ICT diffusion, but financial structure does not appear to have any significant r...

The magnitude and frequency of recent financial crises underscore the importance of understanding financial instability for the purpose of crisis prevention and crisis management. This paper brings together and adds structure to the theoretical literature on financial instability and the implications they carry for policy-makers. In addition to clarifying the theoretical underpinnings for study...

Financial markets have been developed rapidly in recent years. New and sophisticated financial tools have been the cause of these developments which need new controlling systems to prevent crisis. Most of industrial economies have reformed regulatory structure of their financial systems. This paper reviews the regulatory developments of UK in this regard and offers new regulations and ...

funding decision is one of the financial strategic decisions of a corporation. there are also two other finan-cial strategic decisions that a corporation faces, the investment and the dividend decision. this paper de-scribes briefly the investment and the dividend decision, although its main focus is on funding decision. in de-scribing the funding decision the researchers will first explain the...

Recently, regime shifts or structure breaks had acquired very high attention in analyzing financial time series data. Abrupt of changes in the government policy, financial crises and many of challenges lead to change in the behavior of the financial time series data. In addition, wavelet transform also becomes very famous in the financial sector and it has better advantages than the other filte...

The understanding of complex systems has become a central issue because such systems exist in a wide range of scientific disciplines. We here focus on financial markets as an example of a complex system. In particular we analyze financial data from the S&P 500 stocks in the 19-year period 1992-2010. We propose a definition of state for a financial market and use it to identify points of drastic...