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This paper examines and forecasts the impact of foreign direct investment (FDI) on industrialization and industrial performance in Tanzania by using World Bank data spanning 1960 to 2020. The admixture time series analysis of Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) has been extensively explored in order to provide accurate estimation. The need to examine FDI inflows is enormously based on domestic macroeconomic parameters that are stuck in many developing countries, including Tanzania, implying that FDI is necessary for growth and development now and in the future. According to the findings, FDI granger causes industrialization, and the more the sector thrives, the more granger causes FDI inflow. In the long run, FDI has a significant impact on Tanzanian industrialization growth, whereas the exchange rate (EXR) has a significant impact on industrialization growth in the short run. The study recommends the Bank of Tanzania to take appropriate measures to control poor-performing economic parameters such as the exchange rate, inflation, and the improvement of the money market in order to enhance capital availability and accessibility. [ABSTRACT FROM AUTHOR]

We analyze the role of international reserves and sovereign debt in the determination and international transmission of interest rates. We develop a model that describes the money market equilibrium with capital account openness. It predicts that higher levels of international reserves lead to lower interest rates whereas the effect of higher government debt is ambiguous. We then test empirically these predictions on a panel of 128 countries over 1985–2019. We find that: (i) the transmission of U.S. interest rates to domestic interest rates is stronger in emerging market economies (EMEs) than in advanced economies (AEs) for short‐term interest rates (STIR), and vice versa for long‐term interest rates (LTIR); (ii) international reserves help counteract the transmission of the U.S. policy rate on STIR in EMEs; (iii) a higher sovereign debt level is associated with lower interest rates in EMEs (liquidity effect), but higher interest rates in developing economies (risk premium effect). [ABSTRACT FROM AUTHOR]

Freezing assets in the banking network cause a credit crunch in the economy. In Iran, due to the bank-oriented financial system, the majority of the financing of the economy is done through the money market. Meanwhile, banks play the main role in equipping and distributing resources in different sectors of the economy, especially supporting the production sector. The evidence shows that the problem of freezing bank assets in the country is relatively severe and the concerns to escape from this impasse are serious. Meanwhile, there are factors inside the bank and outside of it that affect the freezing of assets. In this research, the subject of investigating the impact of momentums in macroeconomic and banking variables on asset freezing in selected banks listed on the Tehran stock exchange in the period of 2010 to 2014 has been addressed, and the estimation of the model has been done using the Panel-Var method. At first, the incidence of asset freezing is estimated using the basis components analysis. Finally, the impact of momentums has been investigated and analyzed in macroeconomic variables and banking variables on asset freezing. According to the results obtained from the model estimation, macroeconomic and banking variables have a significant effect on asset freezing at a confidence level of 95%. [ABSTRACT FROM AUTHOR]

The impact of exchange rate (ER) movements on the trade balance has been extensively debated in the literature, with conflicting views on the nature and magnitude of this effect. This paper investigates the relationship between ER movements and trade balance in developing economies, with a specific focus on bilateral analysis involving Pakistan. Employing the Nonlinear Autoregressive Distributed Lag (NARDL) model, our results reveal a symmetric relationship between positive and negative ER changes and the trade balance, showing significant long-term and short-term effects across the panel of developing economies. However, country-specific asymmetries are observed, especially in the cases of India and China, and are more pronounced in each bilateral analysis, whether in the short run or long run. The study findings highlight the critical importance of maintaining a stable exchange rate policy, which can provide policymakers with precise insights into the money market and the broader economy while preventing high volatility and continuous depreciation of domestic currencies. Such measures can mitigate the long-term adverse effects of ER movements on trade agreements. The study offers valuable insights for policymakers and investors in developing economies, aiding them in making informed decisions about exchange rate policies. [ABSTRACT FROM AUTHOR]

This essay critically engages with the concept of asset-manager society (AMS) proposed by Brett Christophers. We begin by drawing out its five key elements through a contrast with the related but distinct concept of asset-manager capitalism. We then ask to what extent AMS can be observed in the countries of the Global South, which are characterised by a subordinate position in international money and financial markets. We conclude by highlighting some potential implications of the rise of AMS in these economies and offering some broader thoughts on the future. [ABSTRACT FROM AUTHOR]

Copyright of Zeitschrift für Bankrecht und Bankwirtschaft is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper presents a computationally tractable optimization model for cashflow-driven investment where the aim is to find asset portfolios whose future payouts cover given liability payments as well as possible. While current industry solutions are largely based on expected future cash flows, we use a stochastic optimization model that seeks portfolios that give the best possible match across time as well as scenarios. Cashflow matching across scenarios is controlled by risk aversion while the timing is driven by illiquidity of money markets. When illiquidity increases, the hedging strategy quickly shifts towards portfolios suggested by deterministic models, but significant uncertainty remains. The model can incorporate hundreds of quoted instruments in the construction of optimal hedging strategies. The hedging strategies are able to employ any statistical connections between the liabilities and publicly quoted assets. The model is solved with simple Monte Carlo approximations and off-the-shelf convex optimization software. Besides optimal hedging strategies, we find the least cost of hedging which provides a market-consistent valuation based on the current quotes and the liquidity factors as well as the views and risk preferences of the investor/regulator. The approach is illustrated by pricing and hedging defined benefit pension liabilities which depend on uncertain longevity developments and the consumer price index. The hedging strategies are constructed from 128 publicly quoted instruments including index-linked bonds and equities. We find that the optimized hedging strategies achieve lower risk at a lower cost than the strategies obtained by matching expected cashflows. The hedging-based liability valuations are robust with respect to model parameters and the additional risk reduction achieved by optimization does not add much to the overall hedging cost. [ABSTRACT FROM AUTHOR]

Domestic cooking is changing the world over. Kitchen technologies and the smartphone transform the way we cook and whom we cook with. Coupled with urbanisation and the shrinking of households, cooking seems to be an increasingly solitary practice. At the same time, these processes did not change who cooks; across the globe it is mostly women who prepare the daily meal for their families. Yet, rather than treating domestic cooking solely as a gender relations issue, this article presents ethnographic research with low-income domestic cooks in Marrakech, Morocco, to argue that unequal generational relations are also important drivers of change in family life. Paradoxically, rather than cook alone or simplify meals, kitchen appliances and social media were employed to continue preparing elaborate family meals. Through a thick description of the preparation of a spread called amlou and of pizza, this article explores why domestic cooking remains centralto idealised notions of womanhood and family life in Marrakech and beyond. It introduces the concept of culinary connectivity to understand how new technologies were employed ininter-generational negotiations of cooking knowledge and power. Moreover, while the crafting of culinary connectivity enables young generations of low-income womento emancipate themselves from age-based power in the home, these practices also enmesh them in new relations of dependence on money and the market. By making cooking central to understanding the (re)production of everyday family life in the context of poverty, this article contributes to cross-cultural studies of food and to regional debates about the family. [ABSTRACT FROM AUTHOR]

In this paper, we develop a discrete‐time affine option‐pricing model that explicitly incorporates the dynamics of conditional skewness. The new proposed model features different dynamics for conditional skewness and variance. To stress the difference in information, we use alternative realized measures constructed from high‐frequency historical returns to update skewness and variance dynamics. By Fourier inversion, we derive closed‐form option valuation formulas. Empirically, the flexibility that the model offers for conditional skewness as well as high‐frequency information from the underlying asset contribute to superior performance upon benchmark models using S&P 500 index options. Overall, the joint modeling of dynamic conditional skewness and realized measures leads to an out‐of‐sample gain of 12.25% in pricing accuracy. The improvements are more pronounced for deep in‐the‐money calls, options with shorter maturities, and during highly volatile periods. [ABSTRACT FROM AUTHOR]

This study investigates whether some regulatory and contextual features influenced Euro Area listed banks decisions to manage earnings and regulatory capital through discretionary provisions in the period 2013–2018. The new regulation factors are the pressure to increase high-quality regulatory capital (Basel III) and more timely recognition of loan losses (IFRS 9). The contextual features are the intensified banking competition at a national level, and the significant money market pressure. Results demonstrate that the pressure to increase high-quality regulatory capital for banks with lower Common Equity Tier 1 capital (CET1) in year t − 1 is negatively associated with upward earnings and capital management in year t. The more timely recognition of loan losses in year t compared to year t + 1 is negatively associated with upward earnings and capital management in year t. The strengthening of banking competition is positively associated with upward earnings management, but not associated with upward capital management. The increasing money market pressure is negatively associated with upward earnings management, but not associated with upward capital management. This study should be helpful to standard-setters, regulators, investors and academics interested in incentives and constraints to earnings and capital management by providing evidence regarding how listed banks reacted to the regulatory, accounting, and contextual factors, observed holistically during a unique historical period (i.e., 2013–2018) and regulatory setting (i.e., European banking sector). [ABSTRACT FROM AUTHOR]

Copyright of Journal of Legal & Economic Research / Mağallaẗ Al-Buḥūṯ Al-Qānūniyyaẗ wa Al-Iqtiṣādiyyaẗ is the property of Beni Suef University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper's focus is on finding the optimal strategies for a trader who invests in stock, a money market account and an inflation-linked index bond. The stock follows a jump diffusion process and the bond is linked to inflation making the two risky. The optimal strategies are determined on two generations of the life of an investor, that is before the investor dies and after the investor dies. We applied the concept of change of probability measures considering Girsanov's and the Radon–Nikodym theorems. We found the generator of the Backward Stochastic differential equations defined and employed the Hamilton–Jacobi–Bellman (HJB) dynamic programming in finding the stochastic optimal controls of interest. [ABSTRACT FROM AUTHOR]

Interbank interest rates and Treasury Bill (TB) yields of maturities of three and six months move together, but not 12 months, under a "quantitative and qualitative easing policy." On the other hand, interbank interest rates and TB yields of maturities of 3, 6, and 12 months move together under a "negative interest rate policy." Interbank and TB markets are partially integrated up to the 6‐month maturity as a short‐term money market under a "quantitative and qualitative easing policy," while interbank and TB markets are integrated up to the 12‐month maturity as a short‐term money market under a "negative interest rate policy." This indicates that the arbitrage of interbank and TB markets works. Practitioners of the interbank market are limited to financial institutions, but those of TB markets also include non‐financial institutions. [ABSTRACT FROM AUTHOR]

The relationship between financial development and economic growth in China is controversial. From this perspective, this article aims to identify this relationship using both capital market and banking intermediation indicators, which were rarely considered in the previous literature. An autoregressive model with staggered lags (ARDL) examines the long-run cointegration relationship between 1980 and 2020. The results suggest that the contribution of different subsectors of the Chinese financial system to economic growth differs. The development of the money market has a negative impact, whereas market capitalization has a positive impact on economic growth in China. Regarding the contribution of the banking system to China's economic growth, the two variables measuring the depth of financial institutions showed opposite impacts in both the short and long term. Regarding important policy implications, regulators need to ensure a pro-growth environment, effectively regulate the informal banking system, and prevent potential financial risks by revising policies. [ABSTRACT FROM AUTHOR]

In an attempt to make money markets safer and more resilient, regulators have created new requirements for market participants. Money market funds are now required to file a new N-CR form if a significant event occurs: for example, fund financial support or liquidity fees. We investigate whether fund stakeholders respond to the N-CR filings. We find that investors do not respond to the N-CR filings. However, fund managers, who do not need the filings to learn of the financial support, reduce the weighted average life (WAL) of the funds and increase the daily liquidity available. These actions have real costs and our results suggest the costs outweigh the benefit of the newly required Form N-CR (N-CR) filing. [ABSTRACT FROM AUTHOR]

Copyright of Procesos de Mercado is the property of Procesos de Mercado. Revista Europea de Economia Politica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

How does the structure of financial intermediaries' liabilities affect their asset holdings? We investigate the consequences of the 2014 money market fund (MMF) reform, which imposed redemption gates and liquidity fees on prime MMFs and forced prime funds marketed to institutional investors to switch from constant to floating net asset value. These changes made prime MMFs' liabilities less money-like. As a consequence, the affected MMFs experienced an increase in flow–performance sensitivity and started taking more risks. In addition, the total funding provided by MMFs to the corporate sector, and especially to safer issuers, has decreased. [ABSTRACT FROM AUTHOR]

Commercial surrogacy marketizes life's work. In the era of neo-liberalism, women's work, which is often intimately performed within a heterosexual marriage in exchange of support, now remains a principal avenue to earn money. This form of feminization of labor has led to the emergence of markets for women's reproductive capacities. The present study stems from my ethnographic journey into the lives of the women who work as surrogate mothers in India. The narratives presented in the paper emerge from my prolonged fieldwork in Anand, Gujarat. It engages with the experiences, understandings, and the voices of these women, who I term reproductive laborers, in order to examine the notion of putting one's reproductive capacities in this intimate market for money. [ABSTRACT FROM AUTHOR]

As the economy has grown rapidly in recent years, more and more people have begun putting their money into the stock market. Thus, predicting trends in the stock market is regarded as a crucial endeavor, and one that has proven to be more fruitful than others. Profitable investments will result in rising stock prices. Investors face significant difficulties making stock market-related predictions due to the lack of movement and noise in the data. In this paper, a new system for predicting stock market prices is introduced, namely stock market prediction based on deep leaning (SMP-DL). SMP-DL splits into two stages, which are (i) data preprocessing (DP) and (ii) stock price's prediction (SP2). In the first stage, data are preprocessed to obtain cleaned ones through several stages which are detect and reject missing value, feature selection, and data normalization. Then, in the second stage (e.g., SP2), the cleaned data will pass through the used predicted model. In SP2, long short-term memory (LSTM) combined with bidirectional gated recurrent unit (BiGRU) to predict the closing price of stock market. The obtained results showed that the proposed system perform well when compared to other existing methods. As RMSE, MSE, MAE, and R2 values are 0.2883, 0.0831, 0.2099, and 0.9948. Moreover, the proposed method was applied using different datasets and it performs well. [ABSTRACT FROM AUTHOR]

This study shows that demand for money is a function not only of interest rate, real exchange rate, and personal consumption but also of fiscal variables like deficit, debt, and foreign-financed debt. It is stable over the short and long run. This study also covers the investigation of policy invariance of money demand, an important issue ignored so far in the existing literature on the demand for money in the United States. It was found that the behavior of agents in the money market changes as the real exchange rate, consumption, and interest rate change. Namely, agents in the money market are forward-looking, and their expectations are formed rationally. This also means that even though the parameters of money demand are stable, according to the stability test results, they can be unstable, as agents adapt their behavior based on any change in the exchange rate, consumption, and/or interest rate. In other words, the contemporaneous real exchange and interest rate variables are not superexogenous in demand for M1, and the contemporaneous consumption is not superexogenous in demand for M2. [ABSTRACT FROM AUTHOR]

The '100% money' proposal aims at divorcing the creation of money from banking, by requiring 100% reserves on transaction accounts. The public monetary authority would then be the sole issuer of means of payment, while the banks would function as true intermediaries, financing loans with pre‐existing money. This article, building on the works of 1930s economists such as Irving Fisher, presents ten arguments in favour of this reform proposal — arguing that it would, in particular, prevent cumulative variations in the money stock, facilitate monetary control, reduce government intervention in banking, improve public finances, and make money creation more neutral. [ABSTRACT FROM AUTHOR]

Government as holder mandate demanded so that capable of managing economy, Good in scale micro or more broadly on a macro scale. Policy monetary that is program government Which in matter This done by bank central through market Money in framework influence situation macro. Islamic monetary policy goals are no different with objective policy monetary conventional that is guard stability from eye Money (Good in a manner internal nor external) so that growth economy Which equally that can be expected achieved. Study This use method qualitative, namely by reviewing the literature from a number of study Which Already There is. To realize this goal of Islam not only have to do economic reform and society get along with stripes Islam, but also requires the positive role of government and all policy country including fiscal, monetary And income must in tune. Practices monopoly must be eliminated and every effort should be made to promote all factors Which able to produce increased goods and services. [ABSTRACT FROM AUTHOR]

Copyright of Revista Criterio Libre is the property of Revista Criterio Libre and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objective of this study is to identify challenges encountered by regulators and commercial banks in implementing monetary policy in Bangladesh. The primary data for the research was gathered through interviews with 207 participants from Bangladesh Bank and 19 listed private conventional commercial banks, using a structured questionnaire. The collected data was then analyzed and interpreted using descriptive statistical measures and advanced multivariate techniques, specifically Varimax Rotated Factor Analysis. The study highlights significant challenges for regulators and commercial banks in implementing monetary policy, with a focus on adjusted mean scores. These challenges are ranked from 1 to 29 based on their respective mean scores. The most prominent issue identified is the liquidity trap in the money market, ranked first, while the least practical concern is the central bank's inability to predict the impact of monetary policy on the real level of economic activity, ranked 29th. Additionally, the researcher conducted a ranking of factor variables through Varimax Rotated Factor Analysis. The most crucial factors include economic stability and governance, the inadequate shock absorption capacity of MPS, the absence of a connection to the real economy, consistent policy shifts, regulatory constraints, liquidity constraints posing as government control, and insensitivity of monetary policy. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Research in Economics, Politics & Finance / Ekonomi, Politika & Finans Arastirmalari Dergisi is the property of Journal of Research in Economics, Politics & Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Themis: Revista de Derecho is the property of Themis Asociacion and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The contribution examines Karl Polanyi's analysis of the fictitiousness of the commodity description of money, and its suitability as a reference for the analysis of the commodification of money within contemporary markets for credit and finance. Any critique of the commodification of money that draws on Polanyi's influential argument should distinguish between two fundamentally different meanings of the occurrence of money as a commodity: the institutional system that makes some commodity money versus the commercial practice that turns money into a commodity. Only a particular strand of Polanyi's analysis provides a point of reference for a comprehensive critique of the commodification of money, rather than the monetization of some type of commodity. Departing from the aspects of Polanyi's analysis that are specific to the political economy of the gold standard, the article draws on Polanyi's material account of the essential contributions of public organization and social convention in the constitution of money. On these grounds, the commodification of money is potentially objectionable as the social disembedding of a common public institution. [ABSTRACT FROM AUTHOR]

In the follow-up to the 1926 political and monetary crisis in France, a new government led by Raymond Poincaré attempted to restore monetary stability by restructuring public debt. A sinking fund was missioned to withdraw short-term public bills from money markets. This policy disorganized the largest Parisian banks of the time, as they relied on these bills to manage their liquidity. Without developed domestic money markets, no other asset could absorb the excess liquidity freed by the withdrawal of these bills, and these leading banks faced a low-rate environment. In search of yield, they expanded their activities abroad a few months before the 1929 crash. These findings renew our understanding of the expansion of France's banking sector in the 1920s. In addition, they shed new light on the role of public debt in financial stability in an open economy. [ABSTRACT FROM AUTHOR]

Effect of money market instruments on economic growth of Nigeria from 1993 to 2022 was investigated in this study. Research design adopted for this study is ex-post-facto. Data were obtained from Central Bank of Nigeria (CBN) Statistical Bulletin to estimate the model. Multiple regression approach was employed to analyse impact of money market instruments on economic growth in Nigeria for the period of the study. From the empirical result obtained, the study conclude that money market enhanced development in Nigeria. It is recommended that CBN create appropriate monetary and fiscal measures which would develop money market for promotion of productive activities and investment thereby improve Nigeria development. [ABSTRACT FROM AUTHOR]

Globalization causes changes and provides convenience in trading activities between countries, exports, and imports. This community service program was conducted for a company engaged in the field of iron trading, which deals with imported products from Japan, America, Europe, China, and Taiwan. The main problem faced by this community service partner was the profit uncertainty due to fluctuations in the foreign exchange market. As a way to avoid currency exchange rate uncertainty, companies can hedge. One of the hedging activities carried out by company management in dealing with fluctuations in foreign exchange rates is the alternative use of derivative instruments. The method for implementing the community service activities was in the form of onsite training which was divided into two sessions. In the first session, the community service team gave a lecture on a general overview of hedging. In the second session, the community service team carried out a simulation of calculating the costs of hedging using appropriate tools. This community service program provides results in the form of developing partner's know-how that provides benefits to mitigate risk through hedging capabilities. Based on the simulation results using the hedging cost calculation tool, partners can see that hedging in the money market is more profitable than forward contracts.

This paper considers the issue of optimal investment and consumption strategies for an investor with stochastic economic factor in a defaultable market. In our model, the price process is composed of a money market account and a default-free risky asset, assuming they rely on a stochastic economic factor described by a diffusion process. A defaultable perpetual bond is depicted by the reduced-form model, and both the default risk premium and the default intensity of it rely on the stochastic economic factor. Our goal is to maximize the infinite horizon expected discounted power utility of the consumption. Applying the dynamic programming principle, we derive the Hamilton–Jacobi–Bellman (HJB) equations and analyze them using the so-called sub-super solution method to prove the existence and uniqueness of their classical solutions. Next, we use a verification theorem to derive the explicit formula for optimal investment and consumption strategies. Finally, we provide a sensitivity analysis. [ABSTRACT FROM AUTHOR]

Conflicts of interest exist in both professional and private settings, and everyone experiences them from time to time. If a person harboring a conflict acts on it--meaning the person acts against interests she ought to uphold--innocent parties may be harmed, Accordingly, the key to addressing a conflict in most settings is to eliminate it, such as by prohibiting conflicted behavior or recusing oneselffrom a deliberative process. However, conflicts of interest have a special character in the securities realm, both because they are ubiquitous given financial firms' myriad competing interests and because the goal of the agency charged with addressing conflicts in the securities context, the US. Securities and Exchange Commission (SEC), is not to eliminate them but, rather, merely to mitigate them, tempering them for the benefit of securities regulation's dual objectives: investor protection and capital formation. This approach reflects the recognition that, while eliminating conflicts of interests helps protect investors, it can impede the cause of capital investment and growth. Accordingly, the SEC's challenge in regulating financial firms is to strike a balance between these two objectives, allowing firms to act on conflicts of interest in the name of capital formation but simultaneously restricting those conflicted actions in the name of protecting investors. Yet, as this Article argues, the agency has not always gotten the balance correct, at times erring on the side of permitting too much conflicted activity and at times erring on the side of permitting too little. Providing examples in each category, the Article suggests that the SEC could consistently produce better rulemaking outcomes by heeding prior episodes of failed rulemaking, drawing more from its own experience, and training its regulatory focus at the appropriate level of analysis, [ABSTRACT FROM AUTHOR]

Since the pioneering role of Kenya's mobile money service – M-PESA, a consortium of international development agencies, philanthropists, academics, tech corporations and governments – have led an optimistic account of a poverty-eradicating, prosperity-spreading power of financial technology (fintech) in the global South. In contrast, a growing critical IPE literature has demonstrated that the optimistic accounts are broad-brush and misleading. Drawing from recent theorization on digital financialisation and Marxian conceptualization of capital accumulation, this article shifts the focus of the Kenya-centered critical response to Ghana, the second largest mobile money market in Africa. Relying on quantitative data from the Bank of Ghana, and qualitative data from 42 semi-structured interviews, the article provides evidence to show that the mobile money boom in Ghana is underpinned by (1) customer indebtedness from digital microloans, (2) high transaction costs, (3) excessive taxation, and (4) a prevalence of dormant accounts. Collectively, the findings confirm the wider critical literature suggesting that, far from ending poverty and inspiring prosperity, the fintech-financial-inclusion agenda in Africa is opening new frontiers for a sustained and intensified capitalist exploitation of working-class labor in the continent. [ABSTRACT FROM AUTHOR]

Copyright of Journal of International Business Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The author examines the different methods of volatility estimation widely used among market practitioners. These techniques range from the simple to the complex and incorporate varying degrees of backward- and forward-looking data. The author discusses the characteristics of asset class returns that make volatility inherently more predictive than returns themselves. He compares a variety of volatility estimation models, assessing their characteristics and predictive abilities across different asset classes and market environments. Finally, he assesses the application of volatility estimates as an asset allocation tool. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Economic & Social Research / ESAM Ekonomik ve Sosyal Araştırmalar Dergisi is the property of Ekonomik ve Sosyal Arastirmalar Merkezi (Journal of Economic & Social Research) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)