 | The Equity Premium Puzzle, Ambiguity Aversion, and Institutional Quality Author/Editor: Abbas Mirakhor, S Nuri Erbas. Release Date:September, 2007 With cross-section data from 53 emerging and mature markets, we provide evidence that equity premium puzzle is a global phenomenon. In addition to risk aversion, equity premium may reflect ambiguity more...
| Price: $18.00
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| Institutional Quality, Knightian Uncertainty, and Insurability : A Cross-Country Analysis Author/Editor: S Nuri Erbas, Chera L Sayers. Release Date:July, 2006 Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality may be a good indicator of Knightian uncertainty. This paper correlates non-life insurance penetration more...
| Price: $15.00
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| Ambiguity, Transparency, and Institutional Strength Author/Editor: S Nuri Erbas. Release Date:July, 2004 Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which more...
| Price: $15.00
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| Imf Conditionality and Program Ownership : A Case for Streamlined Conditionality Author/Editor: S Nuri Erbas. Release Date:May, 2003 Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program more...
| Price: $15.00
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| The GCC Monetary Union : Some Considerations for the Exchange Rate Regime Author/Editor: Behrouz Guerami, S Nuri Erbas, George T Abed. Release Date:April, 2003 We compare the dollar peg to a dollar-euro basket peg as alternative exchange rate regimes for the incipient Gulf Cooperation Council (GCC) currency union. Quantitative evidence suggests basket peg more...
| Price: $15.00
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| Primeron Reforms in a Second-Best Ambiguous Environment : A Case for Gradualism Author/Editor: S Nuri Erbas. Release Date:March, 2002 Ambiguity, as opposed to uncertainty, reflects lack of sufficient information about distribution and payoffs of infrequent events. Reforms are infrequent events, undertaken in ambiguous second-best more...
| Price: $15.00
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| The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth : A Survey of Selected Mena Countries Author/Editor: Frank E Nothaft, S Nuri Erbas. Release Date:February, 2002 This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty more...
| Price: $15.00
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| External Stability Under Alternative Nominal Exchange Rate Anchors : An Application to the GCC Countries Author/Editor: Zubair Iqbal, S Nuri Erbas. Release Date:January, 1997 Import and export stability is examined under two alternative nominal exchange rate anchors, the U.S. dollar and the SDR. Stability under the two pegs depends critically on import and export more...
| Price: $15.00
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 | Economic Dislocation and Recovery in Lebanon Author/Editor: Jose Martelino, S Nuri Erbas, Adnan Mazarei, Sena Eken, Paul Cashin. Release Date:December, 1995 This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects more...
| Price: $15.00
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| Excess Wages Tax Author/Editor: S Nuri Erbas, Alan A Tait. Release Date:February, 1995 Excess wages tax (EWT) is a tax-based incomes policy instrument introduced in many centrally-planned economies and still used in some FSU and Eastern European countries in transition. The main more...
| Price: $15.00
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