International Journal of Econometrics and Financial Management

ISSN (Print): 2374-2011

ISSN (Online): 2374-2038

Editor-in-Chief: Tarek Sadraoui

Website: http://www.sciepub.com/journal/IJEFM

   

Article

Bond Markets and Financial Stability: Evidence from the Asian Experience

1Avicenne Private Business School Tunisia

2Higher Institute of Business Administration Tunisia


International Journal of Econometrics and Financial Management. 2016, 4(1), 17-28
doi: 10.12691/ijefm-4-1-3
Copyright © 2016 Science and Education Publishing

Cite this paper:
Mourad Hmida, Mohsen Bensalem Brahmi. Bond Markets and Financial Stability: Evidence from the Asian Experience. International Journal of Econometrics and Financial Management. 2016; 4(1):17-28. doi: 10.12691/ijefm-4-1-3.

Correspondence to: Mourad  Hmida, Avicenne Private Business School Tunisia. Email: hmida.mourad@yahoo.fr

Abstract

Since the advent of the financial crisis of 1997-98, the development of bond markets in Asia is the center of interest of the governments of the region. This effort reflects the prevalent view recently emphasized the importance of domestic bond markets in the prevention of financial fragility in an open capital flows context. The aim of this article is to investigate about the nature and mechanisms of the links between the development of bond markets and financial stability. The analysis focuses on the experience of nine Asian countries over the period 1997 - 2009. The tests cover specific aspects of the development of a bond market hand, and financial stability indicators of capital adequacy, asset quality and profitability in the other hand. The empirical study reveals a significant role of the domestic bond markets in reducing financial vulnerability of the region.

Keywords

References

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Article

A New Cointegration Econometric Analysis for Contagious and Volatility Spillovers of Subprime Crisis Effects

1Department of Quantitative Methods, Faculty of economic sciences and Management of Mahdia

2Department of Quantitative Methods, Higher Institute of Society Administration


International Journal of Econometrics and Financial Management. 2016, 4(2), 29-38
doi: 10.12691/ijefm-4-2-1
Copyright © 2016 Science and Education Publishing

Cite this paper:
Tarek Sadraoui, Bechir Deghachi, Rahma Ben Aissa. A New Cointegration Econometric Analysis for Contagious and Volatility Spillovers of Subprime Crisis Effects. International Journal of Econometrics and Financial Management. 2016; 4(2):29-38. doi: 10.12691/ijefm-4-2-1.

Correspondence to: Tarek  Sadraoui, Department of Quantitative Methods, Faculty of economic sciences and Management of Mahdia. Email: tarek_sadraoui@yahoo.fr, Tarek.Sadraoui@fsegs.rnu.tn

Abstract

We examine spillover effects of the recent U.S. financial crisis on five emerging Asian countries by estimating conditional correlations of financial asset returns across countries using multivariate GARCH models. We propose a novel approach that simultaneously estimates the conditional correlation coefficient and the effects of its determining factors over time, which can be used to identify the channels of spillovers. We find a dominant role of foreign investment for the conditional correlations in international equity markets. The dollar Libor OIS spread, the sovereign CDS premium, and foreign investment are found to be significant factors affecting foreign exchange markets.

Keywords

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Article

Investigating Method on Client Contentment in Hotel Sector: A Case Study of the Mariador Palace Hotel

1School of Mathematics and Statistics, Central China Normal University, 152 Luoyu Avenue, Wuhan, Hubei, P.R. China

2School of Economics, Central China Normal University


International Journal of Econometrics and Financial Management. 2016, 4(2), 39-47
doi: 10.12691/ijefm-4-2-2
Copyright © 2016 Science and Education Publishing

Cite this paper:
Alhassane Touré, Zuo Guoxin, Sory Kaba. Investigating Method on Client Contentment in Hotel Sector: A Case Study of the Mariador Palace Hotel. International Journal of Econometrics and Financial Management. 2016; 4(2):39-47. doi: 10.12691/ijefm-4-2-2.

Correspondence to: Zuo  Guoxin, School of Mathematics and Statistics, Central China Normal University, 152 Luoyu Avenue, Wuhan, Hubei, P.R. China. Email: toureal90@gmail.com

Abstract

Today, we live in a world where the development of the country is partly dependent on the building of hotels. Hence, this is considered as a very important factor. The purpose of this study is to investigate the concept of client contentment in the hotel sector. In carrying out this study, the Mariador Palace was selected, and a study was conducted on 200 clients of this company. They were interviewed to answer a questionnaire which was used as a sample for the client contentment. In addition, some investigation method was used. From the results of this study, we have found that adopting client contentment concept in the Mariador palace Hotel will be a positive contribution in achieving objectives, getting client’s acquisition, maintaining retention, and decreasing client’s loss. This study recommends that the Mariador palace hotel should be based more on the development of the nature of their services, treatment of customer’s complaints, and obtaining feedback from clients who are loyal in patronizing the hotel. Thus, this is with the view of improving the quality of their service delivery again.

Keywords

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