2012 XXXVI 1

The arrival of public information and asset price behavior in emerging markets: evidence from stock market in Pakistan

Khalid Mustafa and Mohammed Nishat
Savings and Development Vol. 36(2012), No. 1, pp. 1-24

This study investigates the role of public information on stock market activity and asset return using daily data for the period January 2006 - July 2011. The role of information dissemination related to Semi-strong form of efficiency is tested. [...]

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Personal assets, access to credit and gender entrepreneurial disparities: the case of the South African informal sector

Karine Chapelle
Savings and Development Vol. 36(2012), No. 1, pp. 25-69

This article aims to analyze the nature of South African entrepreneurship and to assess the extent to which obstacles and especially liquidity constraints faced by women may differ from those met by men during the phase of firm settlement. This [...]

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Factors driving usage of financial services from different financial access strands in Kenya

Alfred Ouma Shem, Roseline Misati and Lucas Njoroge
Savings and Development Vol. 36(2012), No. 1, pp. 71-89

his study uses data from the 2006 and 2009 national financial access (FinAccess) surveys to examine factors influencing financial service choices that households make. The findings indicate that households’ access to financial services is based [...]

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Bangladeshi monetary policy transmission mechanism: asymmetric responses, inflation, and policy time lags

Chu V. Nguyen, Anisul M. Islam and Muhammad Mahboob Ali
Savings and Development Vol. 36(2012), No. 1, pp. 91-107

This study empirically documented that the Bangladeshi inflation converts to its long-run threshold faster when it is above than when it is below the endogenously determined threshold. Furthermore, the estimation results reveal the unidirectional [...]

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Microsavings and market saturation: the evolution of diversity in saving products

Philipp E. Otto and Arvind Ashta
Savings and Development Vol. 36(2012), No. 1, pp. 109-135

Saving behavior influences economic development in many possible ways. The paradox of thrift stresses the negative effects of increased individual savings. How does this relationship transfer to microfinance and to microsavings in particular? [...]

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