VOLUME 2(1) • 2007
FISCAL DEFICIT, EXTERNAL BALANCE AND MONETARY GROWTH
ABSTRACT. Bhattacharya says that, among country-specific studies on monetary policy frameworks, a study on India would be important. Gerlach and Gerlach-Kristen write that even though monetary policy makers in both economies have enviable records in delivering on their objectives, macroeconomic outc..
A MARKET-BASED SYSTEM OF MONETARY MANAGEMENT AND MONETARY POLICY OPERATING PROCEDURES
ABSTRACT. Hawkins claims that financial innovation and globalization have led most central banks to operate monetary policy by influencing conditions in the market for bank reserves. Moreno and Villar contend that foreign bank entry may enhance financial stability by permitting greater diversificati..
INTERNATIONAL LIQUIDITY AND MONETARY CONTROL
ABSTRACT. Mohanty and Scatigna contend that in a number of countries volatility in capital flows has been associated with speculative currency attacks, resulting in large changes in the exchange rate, high inflation and substantial loss of output. Andersen and Moreno remark that there is strong empi..
INTERNATIONAL TRADE AND ECONOMIC DEVELOPMENT
ABSTRACT. Kandil examines channels of interaction between exchange rate shifts and the macroeconomy. Exchange rate shifts are differentiated into anticipated and unanticipated components. Goldin and Reinert consider the development benefits and costs of four kinds of capital flows: foreign direct in..
MONETARY POLICY RULES AND MACROECONOMIC PERFORMANCE
ABSTRACT. Goodfriend and Prasad asserts that the fraction of reserves sterilized by the central bank has varied over the last few years, and it is not even straightforward to assess exactly how much sterilization has taken place. Gerlach and Gerlach-Kristen contend that the Hong Kong Monetary Author..
ACCOUNTING'S EFFECTS ON MANAGERIAL BEHAVIOR
ABSTRACT. Bonner et al. present an extensive review of laboratory studies on financial incentives and examine the relations between type of task and type of incentive scheme, respectively, and task performance. Davila and Foster examine the association between the time-to-adoption of operating budge..
ACCOUNTING DISCRETION AND EARNINGS MANAGEMENT
ABSTRACT. Bowen et al. examine the cross-sectional relation between an aggregate index of accounting discretion and governance quality after controlling for other economic determinants of accounting discretion such as firm size, leverage, growth opportunities, risk, performance and stakeholder claim..
QUALITATIVE RESEARCH METHODS IN MARKETING
ABSTRACT. Gummesson contends that quantitative techniques are mostly used to try to pinpoint causality, usually between two or a few variables where the independent and dependent variables are defined. According to Milliken, in reviewing the management literature, especially marketing management, it..
THE EFFECTS OF FINANCIAL GLOBALIZATION AND MACROECONOMIC VOLATILITY
ABSTRACT. Hawkins claims that globalization has encouraged a convergence of monetary policy operating procedures in emerging market economies towards market-based instruments. Mohanty and Scatigna remark that growing global financial integration has influenced monetary policy in important ways. Ande..
FINANCIAL CONSTRAINTS, FINANCIAL CAPABILITY, AND CORPORATE POLICIES
ABSTRACT. Chang et al. maintain that the patterns of lower investment-cash flow sensitivities and higher cash-cash flow sensitivities of financially constrained firms are necessarily interrelated because investment and the change in cash balance are two major competing uses of funds. Ahmed and Goodw..
AN ANALYSIS OF INVESTMENT OPPORTUNITY
ABSTRACT. Becker-Blease and Paul investigate whether these abnormal expenditures are due to declines in information asymmetry following addition that result in enhanced access to external financing. Aggarwal and Kyaw examine how cross-border variations in institutional factors and financial developm..
MANAGEMENT EARNINGS FORECASTS, FINANCIAL PERFORMANCE, AND INVESTMENT DECISIONS
ABSTRACT. Soffer et al. examine the stock price effects of various earnings preannouncement strategies: regardless of the sign of total earnings news, the optimal disclosure strategy from a stock price perspective is to always report a positive earnings surprise. Nelson et al. observe a dependence b..