this study investigates the effects of  macroeconomic variables and their role in development of foreign exchange market. the foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. the foreign exchange transaction i...

this study investigates the effects of financial management practices and their role in economical development and organizational performance. economic environment is changing rapidly and this change is characterised by such phenomena as the globalization, changing customer and investor demands, ever-increasing product-market competition. to compete successfully in this environment organization...

This paper takes a fresh look at the impact of financial development on economic growth. We allow for parameter heterogeneity and nonlinearities in a completely nonparametric fashion using recently developed generalized kernel methods. Our findings suggest that financial development (an appropriate index of it) impacts growth in a nonlinear fashion. We find that financial development has a larg...

â â â  â â â â â â â â â â â  financial sector is one of the most influential sectors in economic activities. empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing...

globalization is a worldwide phenomenon. the concept globalization is a very recent term only establishing its current meaning in the 1970s, which emerged from the intersection of four inter related sets of communities of practice, academics, journalists, publishers. this paper models the channels through which globalization affects financial sector development in nigeria. to this end this stud...

This paper sets up an Evaluation Index System of the regional financial center with variable selected from three dimensions: economic development, financial development degree and innovation environment support. The principal component analysis methodology is then used to evaluate competition of six cities including Guangzhou. According to the composite score, Guangzhou is ranked fourth, behind...

With the exception of posting only modest performance in the first quarter of 2016, major indexes have been forging ahead with impressive consistency. The past quarter finished, as so many have of late, up with solid single digit returns. Correspondingly, the Financial Times reported that, "Several measures of actual and expected stock market volatility have fallen to post-crisis lows." Summari...

poverty is one of the most important problems in developed and developing countries such as iran. for solving this problem, many studies have investigated the effective factors on poverty. in this paper, the impact of financial development on absolutepoverty in iran has been investigated during 1985-2013 by using the structural time series method. for do it, two indicators of financial developm...