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Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance

Book Description

The global financial crisis has called to attention the importance of financial development to economic growth as modern countries continue to struggle with debt, unemployment, and slow growth. However, a lack of agreement on how to define and measure financial development slows the development of global financial systems and markets. The Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance creates a common framework for not only identifying but discussing the key factors in establishing a strong global market and financial system. This book will be a valuable reference for those interested in an in-depth understanding of the financial markets and global finance, including academics, professionals, and government agencies and institutions.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Book Series
    1. Mission
    2. Coverage
  5. Editorial Advisory Board and List of Reviewers
    1. Editorial Advisory Board
  6. Preface
  7. Acknowledgment
  8. Section 1: Regulation, Performance and Financial Institutions
    1. Chapter 1: Some Important Regulatory and Institutional Reforms in Turkey after 2001 Financial Crisis
      1. ABSTRACT
      2. INTRODUCTION
      3. THE FINANCIAL CRISES: A BRIEF OVERVIEW
      4. FINANCIAL INSTABILITY PERIOD IN TURKEY: BEFORE 2001 CRISIS
      5. FORMATION OF THE 2001 FINANCIAL CRISIS
      6. SOME IMPORTANT REFORMS AND REGULATIONS AFTER 2001 FINANCIAL CRISIS
      7. CONCLUSION AND REMARKS
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
    2. Chapter 2: Kuala Lumpur Stock Exchange Traded Bank Performance with Stochastic Frontiers
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. MAIN FOCUS OF THE CHAPTER
      5. DATA SOURCES AND VARIABLES CONSTRUCTION
      6. PROBLEMS: THEORETICAL STOCHASTIC FRONTIER MODEL
      7. SOLUTIONS AND RECOMMENDATIONS
      8. FUTURE RESEARCH DIRECTIONS
      9. CONCLUSION
      10. REFERENCES
      11. APPENDIX: KEY TERMS AND DEFINITIONS
    3. Chapter 3: Emotional Intelligence Model for Managers in Turkish Banking Sector and an Application
      1. ABSTRACT
      2. INTRODUCTION AND BACKGROUND
      3. METHODOLOGY AND CONCEPTION OF THE RESEARCH
      4. RESEARCH FINDINGS
      5. RESULTS AND DISCUSSION
      6. CONCLUSION AND IMPLICATIONS
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
    4. Chapter 4: Testing Random Walk Hypothesis in Turkish Foreign Exchange Market
      1. ABSTRACT
      2. INTRODUCTION
      3. LITERATURE REVIEW
      4. DATA
      5. METHODOLOGY
      6. EMPIRICAL RESULTS
      7. CONCLUSION AND REMARKS
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
    5. Chapter 5: Evaluation of Branch-Based Efficiency in Turkish Deposit Banks
      1. ABSTRACT
      2. INTRODUCTION
      3. LITERATURE REVIEW ON BANK BRANCH EFFICIENCY
      4. OVERVIEW OF THE TURKISH BANKING SECTOR
      5. METHODOLOGY AND THE DATA
      6. APPLICATION OF BRANCH-BASED BANKING EFFICIENCY
      7. CONCLUSION
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
      10. ENDNOTES
    6. Chapter 6: Financial Analysis of Oil and Gas Exploration Companies Operating in Egypt
      1. ABSTRACT
      2. INTRODUCTION
      3. Overview of Egyptian Oil and Gas Sector
      4. Economic Overview of egypt
      5. Financial Analysis of the Biggest Players
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
  9. Section 2: Selected Topics in Finance
    1. Chapter 7: Fiscal Harmonization or Fiscal Union in Eurozone?
      1. ABSTRACT
      2. INTRODUCTION
      3. OPTIMUM CURRENCY AREA
      4. THE SUCCESS OF MONETARY UNION
      5. BANKING UNION IN EMU
      6. THE ELEMENTS FOR A FISCAL UNION
      7. CONCLUSION AND REMARKS
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
      10. ENDNOTES
    2. Chapter 8: The Factors Influencing Taxpayers' Acceptance of E-Taxation System
      1. ABSTRACT
      2. INTRODUCTION
      3. E-TAXATION SYSTEM IN TURKEY
      4. THEORETICAL FRAMEWORK
      5. RESEARCH MODEL AND HYPOTHESES
      6. METHODOLOGY
      7. DATA ANALYSIS AND RESULTS
      8. DISCUSSION
      9. CONCLUSION
      10. ACKNOWLEDGMENT
      11. REFERENCES
      12. KEY TERMS AND DEFINITIONS
    3. Chapter 9: The Nature of Informal Trade Sector in Zambia and Its Implications for Government's SMEs Regulatory Framework
      1. ABSTRACT
      2. INTRODUCTION
      3. THEORETICAL AND METHODOLOGICAL APPROACHES
      4. ZAMBIA'S POLITICAL ECONOMY AND THE EMERGENCE OF THE INFORMAL TRADE SECTOR
      5. GOVERNMENT'S RESPONSE TO SOCIO-ECONOMIC COMPLEXITIES IN ZAMBIA
      6. THE ROLE AND RELEVANCE OF INFORMAL TRADE SECTOR IN THE DEVELOPING REGIONS IN GENERAL AND ZAMBIA IN PARTICULAR
      7. PERCEPTION OF GOVERNMENT ON INFORMAL TRADE SECTOR IN THE DEVELOPING REGIONS IN GENERAL AND ZAMBIA IN PARTICULAR
      8. LIMITATIONS OF THE INFORMAL TRADE SECTOR
      9. THE NATURE OF INFORMAL TRADE SECTOR IN ZAMBIA: THE MAKULUU COMPOUND CASE STUDY
      10. FUTURE RESEARCH DIRECTIONS
      11. CONCLUSION
      12. REFERENCES
      13. ADDITIONAL READING
      14. KEY TERMS AND DEFINITIONS
    4. Chapter 10: Price Determination in Public Offering and Evaluation Methods
      1. ABSTRACT
      2. INTRODUCTION
      3. INITIAL PUBLIC OFFERING AND PROS AND CONS FOR COMPANIES
      4. PUBLIC OFFERING PERIOD
      5. PUBLIC OFFERING METHODS
      6. PRICE DETERMINATION IN PUBLIC OFFERING AND METHODS OF EVALUATION
      7. PERFORMANCE MEASUREMENT MODELS IN BUSINESSES
      8. PERFORMANCE MEASUREMENT MODELS
      9. BALANCED SCORECARD: BSC
      10. CONCLUSION
      11. REFERENCES
      12. KEY TERMS AND DEFINITIONS
      13. ENDNOTES
    5. Chapter 11: Dynamic Relationship between Stock Prices and Exchange Rates in Emerging Markets
      1. ABSTRACT
      2. INTRODUCTION
      3. FRAGILE FIVE
      4. LITERATURE REVIEW
      5. DATA
      6. METHODOLOGY
      7. EMPRICAL RESULTS
      8. CONCLUSION AND REMARKS
      9. REFERENCES
      10. KEY TERMS AND DEFINITIONS
    6. Chapter 12: Cultures, Leadership Styles and Employee Coping Strategies in African Organizations
      1. ABSTRACT
      2. INTRODUCTION
      3. THE RESEARCH STUDY AND ITS OBJECTIVES
      4. MANAGEMENT AND CROSS-CULTURAL LEADERSHIP BEHAVIOUR
      5. LEADERSHIP THEORY
      6. LIKERT’S LEADERSHIP THEORY
      7. THE RESEARCH METHODS AND PROCEDURES
      8. THE RESEARCH POPULATION
      9. RESEARCH FINDINGS
      10. COPING STRATEGIES
      11. IMPLICATIONS OF FINDINGS
      12. CONCLUSION
      13. REFERENCES
      14. KEY TERMS AND DEFINITIONS
    7. Chapter 13: An Assessment on Inflation Risk and Its Effects on Business Operations
      1. ABSTRACT
      2. INTRODUCTİON
      3. OPERATING MECHANISM OF FINANCIAL SYSTEM AND FINANCIAL RISKS
      4. FINANCIAL RISKS, INFLATION AND THEIR EFFECTS ON INVESTMENT DECISIONS
      5. EFFECTS OF INFLATION ON BUSINESSES OPERATIONS
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
    8. Chapter 14: A New Financing Model in Banking Sector
      1. ABSTRACT
      2. ALTERNATIVE FINANCING AND THE DEFINITION OF SUKUK
      3. CONCLUSION
      4. REFERENCES
      5. KEY TERMS AND DEFINITIONS
  10. Section 3: Globalization, Financial Development and Economic Growth
    1. Chapter 15: Financial Development and Economic Growth
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. DATA SET AND MODEL
      5. PANEL UNIT ROOT ANALYSIS
      6. BREUSH: PAGAN LAGRANGE MULTIPLIER (LM) TEST
      7. HAUSMAN INTERNALITY TEST
      8. FUTURE DIRECTIONS
      9. CONCLUSION
      10. REFERENCES
      11. KEY TERMS AND DEFINITIONS
      12. ENDNOTES
    2. Chapter 16: Economic Development and Its Impact on Turkish Banking Sector
      1. ABSTRACT
      2. INTRODUCTION
      3. ECONOMIC DEVELOPMENTS AND TURKISH BANKING SECTOR SINCE 1980S
      4. CONCLUSION
      5. REFERENCES
      6. KEY TERMS AND DEFINITIONS
    3. Chapter 17: How to Measure the Level of Financial Development
      1. ABSTRACT
      2. INTRODUCTION
      3. DEFINING FINANCIAL DEVELOPMENT
      4. MEASURING FINANCIAL DEVELOPMENT
      5. FINANCIAL SIZE
      6. FINANCIAL SIZE INDICATORS
      7. FINANCIAL ACCESS
      8. FINANCIAL ACCESS INDICATORS
      9. FINANCIAL EFFICIENCY
      10. FINANCIAL EFFICIENCY INDICATORS
      11. FINANCIAL STABILITY
      12. FINANCIAL STABILITY INDICATORS
      13. CALCULATION OF FINANCIAL DEVELOPMENT INDEX
      14. CONCLUSION
      15. REFERENCES
      16. KEY TERMS AND DEFINITIONS
      17. ENDNOTES
      18. APPENDIX
    4. Chapter 18: After The Global Crisis, Is It Globalization or Globalonelization?
      1. ABSTRACT
      2. INTRODUCTION
      3. LOCAL AND INTERNATIONAL POLICY ACTIONS AFTER THE CRISIS
      4. FISCAL POLICY AND GOVERNMENTS
      5. CONCLUSION AND REMARKS
      6. REFERENCES
      7. KEY TERMS AND DEFINITIONS
      8. ENDNOTES
    5. Chapter 19: Effects of Commodity and Asset Bubbles on Inflation in Indonesia
      1. ABSTRACT
      2. INFLATION TARGETING FRAMEWORK
      3. INFLATION TARGETING: CHALLENGES AND LIMITATIONS
      4. THE MODEL
      5. RESULTS AND DISCUSSION
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITION
    6. Chapter 20: Causal Relationship between Foreign Direct Investment and Economic Growth
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. FUTURE DIRECTIONS
      5. CONCLUSION
      6. REFERENCES
      7. KEY TERMS AND DEFINITIONS
    7. Chapter 21: Foreign Direct Investment, Financial Development and Economic Growth
      1. ABSTRACT
      2. INTRODUCTION
      3. THEORETICAL BACKGROUND AND RELATED LITERATURE
      4. DATA AND MODEL
      5. EMPIRICAL METHOD
      6. EMPIRICAL FINDINGS
      7. CONCLUSION
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
      10. ENDNOTES
    8. Chapter 22: Globalization, Financial Development and Income Inequality
      1. ABSTRACT
      2. FINANCIALIZING GLOBALIZATION-GLOBILIZING FINANCIALIZATION
      3. NEW GROWTH: ACCUMULATION REGIMES
      4. CONCLUSION: GROWTH REGIMES AND THE IRONY OF GLOBALIZATION
      5. REFERENCES
      6. KEY TERMS AND DEFINITIONS
      7. ENDNOTES
    9. Chapter 23: Foreign Direct Investment in the Cement Industry of Turkey
      1. ABSTRACT
      2. INTRODUCTION
      3. CEMENT INDUSTRY AND ITS DIFFERENTIATING CHARACTERISTICS
      4. FOREIGN DIRECT INVESTMENTS AND THE INTERNATIONAL BUSINESS OPERATIONS OF MULTINATIONAL BUSINESSES IN THE CEMENT INDUSTRY OF TURKEY
      5. OVERALL CONTRIBUTION OF THE CEMENT INDUSTRY TO THE ECONOMIC PERFORMANCE OF TURKEY
      6. FUTURE RESEARCH DIRECTIONS
      7. CONCLUSION
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
      10. ENDNOTES
  11. Compilation of References
  12. About the Contributors