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Dissertations / Theses on the topic 'Domestic Financial Market'

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1

Heath, Ellis B. "Empirical essays on financial market linkages in macroeconomics." Morgantown, W. Va. : [West Virginia University Libraries], 2009. http://hdl.handle.net/10450/10361.

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Thesis (Ph. D.)--West Virginia University, 2009.
Title from document title page. Document formatted into pages; contains vii, 97 p. : ill. (some col.). Includes abstract. Includes bibliographical references (p. 91-97).
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2

Dey, Debashree. "Domestic financial market integration : a study on inter-linkage amongst Indian money, capital and foreign exchange market." Thesis, University of North Bengal, 2022. http://ir.nbu.ac.in/handle/123456789/4808.

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3

Cunha, Raphael C. "Financial Globalization & Democracy: Foreign Capital, Domestic Capital, and Political Uncertainty in the Emerging World." The Ohio State University, 2017. http://rave.ohiolink.edu/etdc/view?acc_num=osu149434486657801.

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4

Stewart, Alistair Henry. "An assessment of financial incentives for encouraging South Africa's domestic solar water heater market." Master's thesis, University of Cape Town, 2009. http://hdl.handle.net/11427/8987.

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Includes bibliographical references (p. 102-104).
SA has a demand for domestic hot water, which is supplied by a number of different technologies. For a number of reasons, including health reasons and versatility, Government has encouraged the demand for electricity to meet domestic requirements. But currently there is a shortage of electricity supply, with negative impacts for the development of SA. Solar water heating (SWH) is a renewable energy technology that could relieve some of the demand for electricity, and the aim of this study is to assess which types of national financial incentive programmes should be implemented in order to encourage the use of SWH systems in households, within the context of SA's energy policy and the current electricity crisis. However, only hybrid SWH technologies were considered, due to a lack of information. A review of literature shows that domestic SWH technology use is uncommon, resulting from households preferring other technologies for reasons of cost and convenience. The modelling of current and hypothetical scenarios of energy consumption for domestic water heating show that the increased use of hybrid SWH technology would benefit SA's sustainable development. A literature review was used to identify the barriers stopping these benefits from being translated into the domestic sector. A literature review of energy policy documents confirmed SA's commitment to sustainable development and introduced a number of developments intended to reduce the barriers to renewable energy technologies. Investment incentives and set-asides were identified as potential financial incentive options for SA. A literature review of the SWH market identified the existing structures and capacity of expertise, and identified options for reducing SWH barriers. A criteria analysis was performed on a set-aside option and investment incentive options, which included a direct subsidy, an income tax deduction, and an interest rate subsidy. The criteria used for this analysis were derived from this study and a report of international experiences, and the analysis provided an assessment of the suitability of each of these financial incentives. The assessment resulted in the recommendation that a direct subsidy programme be implemented, possibly using a system of Tradable Renewable Energy Certificates (TRECs), which could allow for compatibility with developments that could enhance the success of the programme.
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5

Reichert, Alexander M. "The Value of the Sovereign Credit Default Market: Domestic Stock Market Interaction and Contagion Effects during Credit Crisis." Scholarship @ Claremont, 2010. http://scholarship.claremont.edu/cmc_theses/75.

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Credit Default Swaps have become a large part of financial markets and recently the center of debate between academics and regulators alike. Transferring the techniques to measure information flow between the CDS market and stock markets presented by Acharya and Johnson (2007), this paper looks at the relationship between a countries sovereign CDS spread level and its predominate stock exchange. Under the back drop of the Greek Credit Crisis in Spring of 2010 I measure contagion effects in the Euro Zone comparing the level of Granger causality significance between the stock and CDS market. I find that the greatest information flow from the CDS market to the stock market is during credit shocks or times of high credit distress. My results also point to the significance of the contagion effect in the CDS market but not in the stock market.
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6

Eriksson, Oscar, and Olle Sahlman. "Short Selling: Domestic and Foreign Performance Differences : A study of the Swedish Short Selling Market." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-355497.

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The purpose and intent of this study is to conduct comparative research between domestic and foreign investors in regard to short selling positions on the Swedish financial market. The performance differences are measured by compounding short selling positions by the investors between 2015-2018. Two comparative methods were utilized to conduct this research: The cumulative abnormal return (CAR) and the buy-and-hold abnormal return, with each calculation being utilized in accordance with Barber & Lyon (1997). The produced results have been scrutinized via univariate descriptive statistics (t-test) and a regression in order to verify if there is any significant difference between the investors. The result of the study shows that there is a tangible, noteworthy difference in an average performance amongst the investors. We can now recognize that foreign investors who hold their short selling positions for a longer time-period demonstrate better performance. To compare with the domestic investors, their displayed trading behavior seems to be more unpredictable and they have not been performing as good in this selected time-interval.
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7

Червякова, С. В. "Основні тенденції розвитку вітчизняного ринку цінних паперів контексті фінансової глобалізації." Thesis, Дніпропетровський національний університет ім. Олеся Гончара, 2011. http://essuir.sumdu.edu.ua/handle/123456789/62716.

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8

Elofsson, Mattias, and Caroline Salén. "Is it just culture? Or is relationship marketing in an international financial centre superior to one in a small market with a domestic focus?" Thesis, Kristianstad University College, Department of Business Administration, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-3779.

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Relationship marketing is today becoming a more important element for the financial service providers, since competition within the market is increasing due to regulations and globalisation. Due to the fact that competition is increasing customer retention is becoming more and more important for the financial service providers. In order for the financial service providers to keep the customers there has to be a certain degree of trust between the actors in the relationship.

The purpose with this dissertation is to investigate what causes the differences between strategies of banks in an international financial centre such as Hong Kong, and banks in a smaller market with a domestic focus. Further we wanted to investigate what constitutes a relationship within the financial service industry, and what are the advantages and disadvantages with relationship marketing. In order to answer our research questions we made case studies on Hong Kong and Sweden. Within these case studies we conducted interviews with HSBC, Regan Lam, SEB and Handelsbanken. An additional interview was added in order to identify the differences in culture between Sweden and Hong Kong.

Our interview questions related to trust and culture and our interviews were conducted by phone. The result of our research was that there are differences between banks’ strategies in an international financial centre and a small market with a domestic focus. However, they all can be explained by cultural and environmental factors.

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9

Gibson, Heather D. "The Eurocurrency markets and domestic financial policy." Thesis, University of Oxford, 1987. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.292480.

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10

Manso-Salinas, Emilio. "Firms and financing in China a co-evolutionary study of domestic stock market equity funding /." Thesis, Click to view the E-thesis via HKUTO, 2004. http://sunzi.lib.hku.hk/hkuto/record/B31607718.

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11

Bandala, Jesus G. Munoz. "Domestic financial & corporate vulnerability to currency crises in emerging markets : an analysis of Mexico after the 1994 crisis." Thesis, Lancaster University, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.420548.

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12

Maziwisa, Michelle Rufaro. "An examination of the legal framework governing opportunities and barriers to economic development in Southern Africa: a case study of Zimbabwe." Thesis, University of the Western Cape, 2016. http://hdl.handle.net/11394/6184.

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Doctor Legum - LLD
This thesis examines the legal framework of Zimbabwe to determine if the laws and policies which are in place create opportunities for, or barriers to, economic development. Specifically, it examines the legal framework governing trade, investment and financial services. The thesis focuses on Zimbabwe as a case study and draws lessons from South Africa. It proceeds from the premise that despite the numerous attempts made at international, regional and domestic levels to increase economic development (such as through liberalisation of markets and access to international development finance), Zimbabwe has failed to attain 'developed country' status. The purpose of the thesis is to examine the causes of poor economic performance in Zimbabwe postindependence (post-1980).
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13

Kinuthia, Wanyee. "“Accumulation by Dispossession” by the Global Extractive Industry: The Case of Canada." Thèse, Université d'Ottawa / University of Ottawa, 2013. http://hdl.handle.net/10393/30170.

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This thesis draws on David Harvey’s concept of “accumulation by dispossession” and an international political economy (IPE) approach centred on the institutional arrangements and power structures that privilege certain actors and values, in order to critique current capitalist practices of primitive accumulation by the global corporate extractive industry. The thesis examines how accumulation by dispossession by the global extractive industry is facilitated by the “free entry” or “free mining” principle. It does so by focusing on Canada as a leader in the global extractive industry and the spread of this country’s mining laws to other countries – in other words, the transnationalisation of norms in the global extractive industry – so as to maintain a consistent and familiar operating environment for Canadian extractive companies. The transnationalisation of norms is further promoted by key international institutions such as the World Bank, which is also the world’s largest development lender and also plays a key role in shaping the regulations that govern natural resource extraction. The thesis briefly investigates some Canadian examples of resource extraction projects, in order to demonstrate the weaknesses of Canadian mining laws, particularly the lack of protection of landowners’ rights under the free entry system and the subsequent need for “free, prior and informed consent” (FPIC). The thesis also considers some of the challenges to the adoption and implementation of the right to FPIC. These challenges include embedded institutional structures like the free entry mining system, international political economy (IPE) as shaped by international institutions and powerful corporations, as well as concerns regarding ‘local’ power structures or the legitimacy of representatives of communities affected by extractive projects. The thesis concludes that in order for Canada to be truly recognized as a leader in the global extractive industry, it must establish legal norms domestically to ensure that Canadian mining companies and residents can be held accountable when there is evidence of environmental and/or human rights violations associated with the activities of Canadian mining companies abroad. The thesis also concludes that Canada needs to address underlying structural issues such as the free entry mining system and implement FPIC, in order to curb “accumulation by dispossession” by the extractive industry, both domestically and abroad.
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14

Pasquariello, Paolo. "Market frictions in domestic and international financial markets /." 2003. http://www.gbv.de/dms/zbw/51970164X.pdf.

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15

Jhan, Yi-Ling, and 詹意玲. "The Comparison of Market Structure and Financial Performance between China and Taiwan’s Domestic Banks." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/12521482744244155273.

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碩士
玄奘大學
財務金融學系碩士班
99
As cross-strait financial cooperation became more frequent, there has been rivalry in cross-strait banking. Banks from both countries contend for another’s financial market. In light of this, this study will discuss the market structure changes in cross-strait banking, and different financial performances. This study uses CR4 and HHI index to measure market concentration, while comparing the difference between cross-strait banks using Logit models. We studied 398 samples between 2006 and 2010, a total of 5 years. The empirical results show that in the market structure, China’s bank concentration ratio is higher than that of Taiwan, creating a highly monopolized market. Under comparison, China has a larger assets scale and better profitability. Our country, on the other hand, has a better ROE performance. However, there is only a slight difference between the two countries’ capital adequacy ratio.
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16

Jean, Yeong-Song, and 簡永松. "The Comparative Analysis of The Strategies and Models for Taiwan Domestic Banks to Entry China Financial Market." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/58320251532867549266.

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碩士
輔仁大學
金融研究所
98
The MOU (Memorandum of Understanding) was officially signed on Nov. 16th, 2009 , Then Taiwan and China was officially-recognized of ECFA(Economic Cooperation Framework Agreement) on Jun. 29th ,2010 which is the way to eliminate tariff and non-tariff trading obstructions with each other. MOU and ECFA are the window opportunities for Taiwan domestic banks to entry the China Financial Market. In recent years (from 2000 to 2009), the spread between the rates of saving and lending - the indicator of profit and operation environment - went down from 2.99% to 1.23%. Meanwhile, the average ROE and ROA were 0.28% and 4.49% separately in 2009 for Taiwan domestic banks. However, the ROE and ROA were 0.84% and 15.07% separately for China Banks at the same time. The main cause for this circumstance is excessive competition in Taiwan financial market and the companies in Taiwan have been moved to China and Southeast Asia is the sub-cause. The banking industry in Taiwan is not internationalized enough. According to the “Regulations Governing Approvals of the Taiwan domestic banks to Engage in Financial Activities between the Taiwan Area and the Mainland Area” promulgate by the FSC (Financial Supervisory Commission), the banks which operate OECD business at least 5 years will be qualified to process application to entry Mainland market which constraint many banks to moving forward. In an excessive competitive environment, it is undoubtedly for Taiwan domestic banks must to expand their business to China Financial Market. The reasons for Taiwan domestic banks eager to be internationalized are as follows. 1. The internal market is over developed 2. A lot of companies moved to Mainland and Southeast Asia, Cash flow also moved out from Taiwan 3. The China Financial Market is booming 4. An enormous market opportunity of companies of Taiwan in China so called follow the clients Based on the O-L-I analysis of Dining’s Eclectic Theory, entry China Financial Market as the base of foreign-investment for Taiwan domestic banks is objectively and essentially. However, the Taiwan domestic banks do not planning and arranging the financial market in China as long as the manufacturing industry. Meanwhile, Beijing had announced the “Regulations of the People’s Republic of China for the Administration of Foreign Banks” in 2006 in order to make the commitment to open its financial market officially for join the WTO in 2001. Apparently, the banks which have not entry the China Financial Market yet are far behind their competitors. Furthermore, the brand attractiveness of Taiwan domestic banks is well enough for in the Chinese people or corporations which will make Taiwan domestic banks more difficult to expand their business in China. The product line of Taiwan domestic banks is not well enough compare to the world-wide leaders in financial industry. The edge of Taiwan financial institutions is the knowledge of companies of Taiwan in China. However, unlike other industries, the exit mechanism is much more complex for financial institutions. Overall, the Taiwan domestic banks have to make decisions after a good deal of contemplation to be more competitive in Mainland financial market. This research synthesizes finally induces the research conclusion, and proposes the concrete proposal, will enable provides the Taiwan Domestic Banks in the future strategy formulation, to drawing up the development policy and the law reference of with the government Controlling organization.
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17

Manurung, Jadi Haposan. "Investor Protection in the Indonesian Securities Market: Fact or Fiction?" Thesis, 2016. https://vuir.vu.edu.au/42316/.

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The improvement of investor protection systems is increasingly becoming a major concern of the financial sector in almost all jurisdictions because investors play a significant role in sustaining the activities of the securities market. With the enactment of its Capital Market Law, Indonesia has developed a rule and principles-based system to protect investors. However, the purpose of an investor protection system is not merely to provide regulations, ensure market supervision, and law enforcement, but also to provide investors with mechanisms for effective and efficient financial dispute resolution. Moreover, most research on investor protection systems has focused on the issue of compliance with disclosure requirements by public listed companies and issuers. In addition, previous studies of investor protection systems have been concerned with the governance of market institutions and licensed entities when implementing rules and regulations in the securities market. Neither scholars nor practitioners have paid much attention to seeking the means by which disputes between retail investors and license entities can be responded to and resolved quickly and effectively. This study aims to investigate whether the existing Indonesian domestic laws and regulations effectively meet the requirements of securities investments in Indonesia. Another objective of this research is to scrutinise the regulatory framework of the Indonesian financial sectors. The study assessed the feasibility of introducing law reforms in the Indonesian securities market and establishing financial dispute resolution mechanisms in the financial sectors, including the securities market, according to the Financial Services Law. For the purposes of this study, we conducted an extensive review of the literature, the publicly available reports, and the documents pertaining to the investor protection system. We also examined the domestic and international norms, regulations and legislations related to investor protection mechanisms in the financial services sectors. This study has drawn on the empirical experiences and best practices of other jurisdictions in implementing protective measures for retail investors. This research involves several forms of investigations and methods, namely regulatory reviews, informal group discussions, and lessons-learned. The thesis found that the implementation of a financial dispute resolution mechanism in the Indonesia financial services sectors, including the securities market is essential given the failure of the judiciary system in Indonesia in providing legal certainty and better enforcements, especially for retail investors. Further, the regulator needs to establish a close relationship with other enforcement institutions in order to make better decisions in legal proceedings to benefit investors. To address the current shortfall in regulations relevant to the securities market and investor protection system, the study finds that Indonesia needs supports from international paradigms and best practices in order to develop an effective investor protection system.
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18

Fonseca, João Miguel Lucas da. "Covid-19 versus H1N1: a comparative study of the impact of viruses on small and large economies on the Stock Market: The special study of Portugal." Master's thesis, 2022. http://hdl.handle.net/10362/134920.

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Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management.
Esta dissertação descreve e detalha, o impacto que as crises pandémicas têm na volatilidade dos mercados da bolsa de pequenas e grandes economias. Relativamente aos países estudados, escolhemos como casos de estudo os Estados Unidos da América (grande economia), a Grécia (pequena economia), e Portugal, como comparação aos dois países mencionados anteriormente, mas apenas no que se refere à consequência da pandemia provocada pela Covid-19. Em termos de metodologia, a volatilidade financeira diária é tradicional para modelar um processo GARCH (1,1). Este modelo foi utilizado no programa SAS para provar se a volatilidade podia ser ou não correlacionada. Adicionalmente, os coeficientes de correlação linear de Pearson foram realizados e analisados em várias variáveis, tais como o valor no fecho, casos e mortes confirmados com a volatilidade diária entre cada país e a volatilidade histórica diária. Finalmente, o estudo mostra como as pandemias do século XXI tiveram impacto tanto na bolsa de valores (financeiramente), como no produto interno bruto (economicamente). Esta dissertação comprova que existe, de facto, uma enorme volatilidade no mercado de bolsa no início de um fenómeno atípico. Contudo, após um determinado período de tempo, o mercado de bolsa corrige-se. Saliento, que na pandemia de Covid-19, apesar dos Estados Unidos da América terem sofrido uma repercussão no seu Produto Interno Bruto, Portugal teve implicações ainda mais fortes na economia, tal como a Grécia (países de economia pequena). Referente à parte financeira, Portugal compara-se igualmente à Grécia aquando se realizou as correlações entre as volatilidades históricas diárias. No entanto aproxima se dos Estados Unidos da América nas correlações das várias variáveis, transcritas anteriormente, tais como o valor no fecho e os casos e mortes confirmados com a volatilidade diária entre cada país. Conclui-se que as pandemias causaram impacto nos mercados de bolsa nos países estudados e mencionados supra.
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19

Dzikiti, Weston. "Banking sector, stock market development and economic growth in Zimbabwe : a multivariate causality framework." Diss., 2017. http://hdl.handle.net/10500/22818.

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The thesis examined the comprehensive causal relationship between the banking sector, stock market development and economic growth in a multi-variate framework using Zimbabwean time series data from 1988 to 2015. Three banking sector development proxies (total financial sector credit, banking credit to private sector and broad money M3) and three stock market development proxies (stock market capitalization, value traded and turnover ratio) were employed to estimate both long and short run relationships between banking sector, stock market and economic growth in Zimbabwe. The study employs the vector error correction model (VECM) as the main estimation technique and the autoregressive distributed lag (ARDL) approach as a robustness testing technique. Results showed that in Zimbabwe a significant causal relationship from banking sector and stock market development to economic growth exists in the long run without any feedback effects. In the short run, however, a negative yet statistically significant causal relationship runs from economic growth to banking sector and stock market development in Zimbabwe. The study further concludes that there is a unidirectional causal relationship running from stock market development to banking sector development in Zimbabwe in both short and long run periods. Nonetheless this relationship between banking sector and stock markets has been found to be more significant in the short run than in the long run. The thesis adopts the complementary view and recommends for the spontaneity implementation of monetary policies as the economy grows. Monetary authorities should thus formulate policies to promote both banks and stock markets with corresponding growth in Zimbabwe’s economy.
Business Management
M. Com. (Business Management)
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20

Kotane, Mauwane. "Effects of macroeconomic news on the South African financial markets: a domestic and foreign perspective." Thesis, 2017. http://hdl.handle.net/10539/23052.

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A research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand in partial fulfilment of the requirements for the degree Masters of Management Finance and Investments
There is plenty of research examining the relationship between surprise macroeconomic data and financial returns, however, in a South African context, such research is scarce. This paper adds to the event study body of knowledge by studying the effects of South African macroeconomic announcements on South African financial returns and juxtaposing that with the relationship of surprise macroeconomic announcements released in the United States with the same local financial instrument returns. In this study, the review period is 10 years starting the beginning of 2006 and ending at the end of 2015. Two strands of economic news are studied, monetary news and real activity news against an equity futures index as a proxy for the South African Stock market; the R186 government bond as a proxy for the South African bond market and the spot US dollar to South African rand exchange rate. The monetary announcements studied are the interest rate adjustments of the South African and United States Central Banks and the consumer price index. The real activity data studied are the unemployment rate; the retail sales and the gross domestic product releases. Many of the findings in this paper were in line with much of the literature where evidence shows that monetary policy has a significant effect on fixed income and forex rates. Stocks were also to be shown to be sensitive to both types of data. The regression specification used in this study shows that local equities are more sensitive to both types of news, although mainly to South African news. Only monetary surprises are shown to be sensitive to the bond market and surprises from both countries. Evidence is that the rand is only sensitive to the interest rate announcements released in the United States.
MT2017
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21

Huang, Chiu-Mei, and 黃秋梅. "Foreign and domestic banks' participation in emerging credit markets around Asian financial crisis:以臺灣金融市場為例." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/23512236424262547948.

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