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https://doi.org/10.21256/zhaw-22615Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Hartwell, Christopher A. | - |
| dc.date.accessioned | 2021-06-10T14:30:37Z | - |
| dc.date.available | 2021-06-10T14:30:37Z | - |
| dc.date.issued | 2018 | - |
| dc.identifier.issn | 0147-5967 | de_CH |
| dc.identifier.issn | 1095-7227 | de_CH |
| dc.identifier.uri | https://digitalcollection.zhaw.ch/handle/11475/22615 | - |
| dc.description.abstract | What have been the determinants of financial volatility in the transition countries of Central and Eastern Europe and the former Soviet Union? This paper posits that institutional changes, and in particular the volatility of crucial institutions such as property rights, have been the major causes of financial volatility in transition. Building a unique monthly database of 20 transition economies from 1991 to 2017, this paper applies the GARCH family of models to examine financial volatility as a function of institutional volatility. The results show that more advanced institutions help to dampen financial sector volatility, while institutional volatility feeds through directly to financial sector volatility in transition. Democratic changes in particular engender much higher levels of volatility, while property rights are sensitive to the metric used for their measurement. | de_CH |
| dc.language.iso | en | de_CH |
| dc.publisher | Elsevier | de_CH |
| dc.relation.ispartof | Journal of Comparative Economics | de_CH |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/4.0/ | de_CH |
| dc.subject | Financial sector | de_CH |
| dc.subject | GARCH | de_CH |
| dc.subject | Institution | de_CH |
| dc.subject | Property right | de_CH |
| dc.subject.ddc | 332: Finanzwirtschaft | de_CH |
| dc.title | The impact of institutional volatility on financial volatility in transition economies | de_CH |
| dc.type | Beitrag in wissenschaftlicher Zeitschrift | de_CH |
| dcterms.type | Text | de_CH |
| zhaw.departement | School of Management and Law | de_CH |
| zhaw.organisationalunit | International Management Institute (IMI) | de_CH |
| dc.identifier.doi | 10.1016/j.jce.2017.11.002 | de_CH |
| dc.identifier.doi | 10.21256/zhaw-22615 | - |
| zhaw.funding.eu | No | de_CH |
| zhaw.issue | 2 | de_CH |
| zhaw.originated.zhaw | No | de_CH |
| zhaw.pages.end | 615 | de_CH |
| zhaw.pages.start | 598 | de_CH |
| zhaw.publication.status | acceptedVersion | de_CH |
| zhaw.volume | 46 | de_CH |
| zhaw.publication.review | Peer review (Publikation) | de_CH |
| zhaw.author.additional | No | de_CH |
| zhaw.display.portrait | Yes | de_CH |
| Appears in collections: | Publikationen School of Management and Law | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2018_Hartwell_Institutional-financial-volatility-transition-economies.pdf | Accepted Version | 1.2 MB | Adobe PDF |  View/Open |
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Hartwell, C. A. (2018). The impact of institutional volatility on financial volatility in transition economies. Journal of Comparative Economics, 46(2), 598–615. https://doi.org/10.1016/j.jce.2017.11.002
Hartwell, C.A. (2018) ‘The impact of institutional volatility on financial volatility in transition economies’, Journal of Comparative Economics, 46(2), pp. 598–615. Available at: https://doi.org/10.1016/j.jce.2017.11.002.
C. A. Hartwell, “The impact of institutional volatility on financial volatility in transition economies,” Journal of Comparative Economics, vol. 46, no. 2, pp. 598–615, 2018, doi: 10.1016/j.jce.2017.11.002.
HARTWELL, Christopher A., 2018. The impact of institutional volatility on financial volatility in transition economies. Journal of Comparative Economics. 2018. Bd. 46, Nr. 2, S. 598–615. DOI 10.1016/j.jce.2017.11.002
Hartwell, Christopher A. 2018. “The Impact of Institutional Volatility on Financial Volatility in Transition Economies.” Journal of Comparative Economics 46 (2): 598–615. https://doi.org/10.1016/j.jce.2017.11.002.
Hartwell, Christopher A. “The Impact of Institutional Volatility on Financial Volatility in Transition Economies.” Journal of Comparative Economics, vol. 46, no. 2, 2018, pp. 598–615, https://doi.org/10.1016/j.jce.2017.11.002.
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