The paper explores the role of financial development on entrepreneurship in United Arab Emirates by using data new business registration and density over period 2006-2018. country is undergoing a rapid transformation phase characterizzed substantial efforts to boost private sector entepreneurship. drawn from World Bank’s Development Indicators. We use International Monetary Fund’s composite ind...

The study presents the results of diagnosing macroeconomic environment for generation financial risks. author substantiates relevance and necessity regular monitoring indicators in terms their impact on volatility probability systemic paper analyzes main functioning credit, foreign exchange, financial, money markets, as well basic characteristics state economic system Russia. performed diagnost...

Credit Unions have been exposed to a challenging economic environment over the past several years. The turmoil has been marked by numerous failures and consolidations within the Credit Union industry, coupled with increased regulatory scrutiny. However, some Credit Unions have fared better than others. Variation in the performance of Credit Unions, each exposed to a relatively similar economic ...

Extensive evidence confirms that creating the conditions for a deep and efficient financial system can contribute robustly to sustained economic growth and lower poverty (e.g., see Beck, Levine, and Loayza 2000, Honohan 2004a, and World Bank 2001a). Moreover, in all levels of development, continued efficient and effective provision of financial services requires that financial policies and fina...

T he IS-LM model has been a central tool of macroeconomic teaching and practice for over half a century. Legions of earlier writers have offered criticisms of the model that have become familiar with the passage of time: the model lacks microeconomic foundations, assumes price stickiness, has no role for expectations, and simplifies the economy’s complexities to a handful of crude aggregate rel...

Does the historical macroeconomic environment affect preferences for redistribution? We find that individuals who experienced a recession when young believe that success in life depends more on luck than effort, support more government redistribution, and tend to vote for left-wing parties. The effect of recessions on beliefs is long-lasting. We support our findings with evidence from three dif...

This paper empirically investigates the impact of macroeconomic uncertainty on the spreads of credit default swaps (CDS). While existing literature acknowledges the importance of the levels of macroeconomic factors in determining CDS spreads, we show that the second moments of these factors—macroeconomic uncertainty—predict CDS spreads even in the presence of traditional macroeconomic factors s...

Is the Chinese Growth Miracle Built to Last? Is the Chinese growth miracle – a remarkably high growth rate sustained for over two decades – likely to persist or are the seeds of its eventual demise contained in the policies that have boosted growth? For all its presumed flaws, the particular approach to macroeconomic and structural policies that has been adopted by the Chinese government has he...

Two approaches to the multi-factor modeling of security returns are evaluated. In the first, a variance/covariance matrix of security returns and macroeconomic factors is assembled and decomposed. Factors are generated through this algebraic decomposition and are thus unspecified. In the second, a macroeconomic variable model is proposed and a linear model estimating security returns as a funct...