The Effect of Uncertainty and Volatility on Financial Markets: The Effect on Growth and Development - Softcover
Synopsis
We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development.
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About the Author
Maria Elisa Farias, Economist, Ph.D. at Universidad de Chile, M.A. at New York University. Macroeconomics, Monetary Economics, Development, International Economics. Professor, Universidad Diego Portales, Universidad Federico Santa Maria, Chile. Previously, Senior Economist and Analyst, Banco Central, Ministerio de Relaciones Exteriores, Chile.
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The Effect of Uncertainty and Volatility on Financial Markets
Published by
LAP LAMBERT Academic Publishing Nov 2016, 2016
ISBN 10: 3330010568
ISBN 13: 9783330010567
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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development. 68 pp. Englisch. Seller Inventory # 9783330010567
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The Effect of Uncertainty and Volatility on Financial Markets: The Effect on Growth and Development
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ISBN 13: 9783330010567
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The Effect of Uncertainty and Volatility on Financial Markets
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ISBN 13: 9783330010567
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Farias Maria ElisaMaria Elisa Farias, Economist, Ph.D. at Universidad de Chile, M.A. at New York University. Macroeconomics, Monetary Economics, Development, International Economics. Professor, Universidad Diego Portales, Universidad. Seller Inventory # 158122745
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The Effect of Uncertainty and Volatility on Financial Markets
Published by
LAP LAMBERT Academic Publishing Nov 2016, 2016
ISBN 10: 3330010568
ISBN 13: 9783330010567
New
Taschenbuch
Seller: buchversandmimpf2000, Emtmannsberg, BAYE, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 68 pp. Englisch. Seller Inventory # 9783330010567
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The Effect of Uncertainty and Volatility on Financial Markets : The Effect on Growth and Development
Published by
LAP LAMBERT Academic Publishing, 2016
ISBN 10: 3330010568
ISBN 13: 9783330010567
New
Taschenbuch
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development. Seller Inventory # 9783330010567
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The Effect of Uncertainty and Volatility on Financial Markets | The Effect on Growth and Development
Published by
LAP LAMBERT Academic Publishing, 2016
ISBN 10: 3330010568
ISBN 13: 9783330010567
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Taschenbuch. Condition: Neu. The Effect of Uncertainty and Volatility on Financial Markets | The Effect on Growth and Development | Maria Elisa Farias | Taschenbuch | 68 S. | Englisch | 2016 | LAP LAMBERT Academic Publishing | EAN 9783330010567 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 107925401