An Empirical Investigation of the Twin Deficit Hypothesis: Evidence from Sri Lanka

Perera, Anil; Liyanage, Erandi

doi:10.4038/ss.v41i1.4683

Cited by 15 publications

(24 citation statements)

References 44 publications

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“…Inflation, measured based on the Colombo Consumer Price Index (CCPI) increased after the economic liberalisation not only due to the immediate direct effect of the relaxation of price controls, currency devaluation and the removal of subsidies, but also due to continued high budget deficits, which were financed through expansionary sources (CBSL, 1998 Per cent Per cent Real GDP Growth Inflation (RHS) to the high demand with expanding economic activity, funded large infrastructure development projects and export processing zones (Perera and Liyanage, 2011). However, with the expansion of exports and improvement in both services and transfers accounts, as well as the completion of large donor funded development projects, the current account deficit declined significantly from the high levels of the 1980s and has remained at a single digit level since then.…”

Section: Macroeconomic Indicators As Drivers Of Capital Flowsmentioning

confidence: 99%

Determinants of Capital Inflows: Evidence from Sri Lanka

Liyanage¹

2016

Staff Studies

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Section: Macroeconomic Indicators As Drivers Of Capital Flowsmentioning

confidence: 99%

Determinants of Capital Inflows: Evidence from Sri Lanka

Liyanage¹

2016

Staff Studies

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“…Metode Engle-Grenger menggunakan pendekatan teknik persamaan tunggal (single-equation approach) yang hanya memiliki satu hasil kointegrasi. Sedangkan Perera et al (2008), Konya (2009)…”

Section: Literatur Terdahuluunclassified

The Persistency and the Sustainability of the Indonesia's Current Account Deficit

Asmarani¹

2015

BEMP

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Asian and European crises were witnesses of banks’ vulnerable due to market risks. The Basel Committee requires an internal risk assessment applying Value at Risk (VaR). However, a replacement of VaR with Expected Shortfall (ES) has been suggested recently due to an excessive losses produced by banks which are beyond VaR estimations. This paper studied the risk of Indonesian banks applying a historical expected shortfall. We used JIBOR (overnight) from 2009 – 2012 as a proxy of market risk. The assessment of a historical expected shortfall of the net position of 27 banks accounts for October 2012 showed that state owned banks placed among the five highest value of each component (net position) in the balance sheet, namely placement to Bank Indonesia, interbank placement, spot and derivatives claims, securities, and loans. It means that the state owned banks had the highest risk and were the most aggressive among Indonesian banks. It might be due to carrying some of the government’s program, such as small enterprise loans. Keywords: expected shortfall, value at risk, banks, risk. JEL Classification: D81, G210

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“…Numerous researchers (Abell, 1990, Rosenweing & Tallman, 1993, Mann, 1999, Vyshnyak, 2000, Mann, 2002, Corsetti & Muller, 2006, Onafowora & Owoye, 2006 evidenced the association between CAD and BD which formed the situation of twin deficit in diverse developed economies, furthermore researchers (Kulkarni & Erickson, 2001, Rauf & Khan, 2011, Bagheri, Piraee, & Keshtkaran, 2012, Perera & Liyanage, 2012, Iyidogan, 2013, Van Bog, 2014, Ahmad, Aworinde, & Martin, 2015, and Coban & Balikcioglu, 2016 worked and proved twin deficit in developing economies.…”

Section: ) Introductionmentioning

confidence: 99%

Performance of Microfinance Providers in Sindh, Pakistan: A Study of Formal and Informal Microfinance Institutes

Tunio¹

2020

IBTJBS

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This research aims to analyze the performance of microfinance providers of the Sindh province of Pakistan. For this purpose, the formal and informal microfinance institutes were selected. Data was gathered from a sample of 150 managers of microfinance banks and institutions. In this research, the random sampling technique is used to collect the data through questionnaires. The OLS regression model is employed to analyze the data. The results of this study show that the number of branches, and less number of defaulters significantly affect the performance of microfinance institutes in Sindh, Pakistan. Moreover, the total cost also has an important relationship with the performance of microfinance organizations in Sindh. However, the study finds the interest rate, and more diversified financial services to have no significant impact on the performance of microfinance organizations. Due to the lack of financial information of the microfinance institutions in Sindh, there is dearth of the research on the performance of microfinance institutions. Rather than using only the published financial information this study relies on the information provided by the managers of the microfinance providers for the analysis. The results of this study have implications for the well-functioning of microfinance institutes, and for the government to achieve the poverty alleviation objectives in Pakistan

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An Empirical Investigation of the Twin Deficit Hypothesis: Evidence from Sri Lanka

Abstract: Abstract

Cited by 15 publications

References 44 publications

Determinants of Capital Inflows: Evidence from Sri Lanka

Determinants of Capital Inflows: Evidence from Sri Lanka

The Persistency and the Sustainability of the Indonesia's Current Account Deficit

Performance of Microfinance Providers in Sindh, Pakistan: A Study of Formal and Informal Microfinance Institutes

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