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Market Studies (market + studies)
Selected AbstractsNormative Power Europe: A Contradiction in Terms?JCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 2 2002Ian Manners Twenty years ago, in the pages of the, Journal of Common Market Studies, Hedley Bull launched a searing critique of the European Community's ,civilian power' in international affairs. Since that time the increasing role of the European Union (EU) in areas of security and defence policy has led to a seductiveness in adopting the notion of ,military power Europe'. In contrast, I will attempt to argue that by thinking beyond traditional conceptions of the EU's international role and examining the case study of its international pursuit of the abolition of the death penalty, we may best conceive of the EU as a ,normative power Europe'. [source] Books on European IntegrationJCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 2000Brian Ardy The following list includes all books submitted to the Journal of Common Market Studies during 1999, whether these were reviewed or not. Each book is entered only once even though, inevitably, some titles are of relevance to more than one section. [source] The impact of farm credit in PakistanAGRICULTURAL ECONOMICS, Issue 3 2003Shahidur R. Khandker Agricultural credit; Rural financial institutions; Impact of credit on income and productivity; Cost-effectiveness of credit delivery system Abstract Both informal and formal loans matter in agriculture. However, formal lenders provide many more production loans than informal lenders, often at a cost (mostly loan default cost) higher than what they can recover. For example, the Agricultural Development Bank of Pakistan (ADBP), providing about 90% of formal loans in rural areas, incurs high loan default costs. Yet, like other governments, the Government of Pakistan supports the formal scheme on the grounds that lending to agriculture is a high risk activity because of covariate risk. Hence, such policies are often based on a market failure argument. As farm credit schemes are subsidised, policy makers must know if these schemes are worth supporting. Using a recent large household survey data from rural Pakistan (Rural Financial Market Studies or RFMS), we have attempted to estimate the effectiveness of the ADBP as a credit delivery institution. A two-stage method that takes the endogeneity of borrowing into account is used to estimate credit impact. Results reveal that ADBP contributes to household welfare and that its impact is higher for smallholders than for large holders. Nevertheless, large holders receive the bulk of ADBP finance. The ADBP is, thus, not a cost-effective institution in delivering rural finance. Its cost-effectiveness can be improved by reducing its loan default cost and partially by targeting smallholders in agriculture where credit yields better results. [source] The response of volume and returns to the information shocks in China's commodity futures marketsTHE JOURNAL OF FUTURES MARKETS, Issue 9 2005Gongmeng Chen This study investigates the response of returns and volume to different information shocks in China's commodity futures markets using bivariate moving average representation (BMAR) and bivariate vector autoregression (BVAR) methodologies. Consistent with the conclusions from stock market studies that have used these methodologies, it is found that the informational/permanent components are the dominant components for returns movements, and the noninformational/transitory components are the dominant components for trading volume. It is also found that the market response of copper futures improved during the sample period, and the market responses of actively traded futures (copper and soybeans) are better than those of the less actively traded futures (aluminum and wheat). © 2005 Wiley Periodicals, Inc. Jrl Fut Mark 25:893,916, 2005 [source] | ||||||||||