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Volatility and Long Memory Modeling of Exchange Rate Case of Algerian Interbank Market
Issue:
Volume 8, Issue 4, August 2020
Pages:
128-137
Received:
27 February 2020
Accepted:
20 March 2020
Published:
13 July 2020
Abstract: In this paper we will try to identify and modeling the phenomenon of dependence of short and long term exchange rate volatility through a well-founded approach on the long memory process. The reform of the interbank market is part of the economic recovery program launched by the authorities in 1988. The reorganization of the money market which served to supplement the liquidity needs of banks after exhaustion of refinancing possibilities "counter rediscount ", has undergone significant changes since its reorganization from 1989 to date, in particular, with new players. This note identifies its organization and prospects, as well as the new methods of intervention by the Bank of Algeria. Besides the interbank market, a market for negotiable debt securities will be set up and will thus form a new money market, in the broad sense., the market for negotiable debt securities presents itself as a hinge between the short and long term capital markets where a range of short and medium term securities are offered to agents with financing capacity, such as treasury bills, cash and certificates of deposit. Our empirical study concerns a sample covering average prices GBP, USD and EUR during the overall period of market functioning Algerian interbank exchange rates (March 2008- March 2018). the results obtained testify the presence of a certain phenomenon of long-term persistence in the volatility of exchange rate. FIGARCH-type processes seem to surround this phenomenon.
Abstract: In this paper we will try to identify and modeling the phenomenon of dependence of short and long term exchange rate volatility through a well-founded approach on the long memory process. The reform of the interbank market is part of the economic recovery program launched by the authorities in 1988. The reorganization of the money market which serv...
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Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China
Xiaomei Han,
Shanshan Liu
Issue:
Volume 8, Issue 4, August 2020
Pages:
138-145
Received:
24 June 2020
Published:
22 July 2020
Abstract: With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to become an important means to international competition, so exploring how to effectively carry out and implement reverse innovation is of great guiding value to the management practice of multinational companies. First of all, this article reviews the relevant literature on reverse innovation and introduces the research status of this topic. Based on this, through a vertical case study of three representative companies in China's high-tech industry (Huawei, Galanz and Mindray), the article explores the innovation and development process of their products from three stages of imitation innovation, independent innovation and leading technology, and summarizes the three companies in reverse innovation success path. Finally, according to the successful experience of the case, the article puts forward suggestions to promote the development of high-tech enterprises from three aspects of expanding emerging markets, improving independent innovation ability and actively using policy resources, providing reference and inspiration for enterprises to improve innovation ability and accelerate internationalization process.
Abstract: With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to ...
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SWOT Analysis of Bangladeshi Apparel Industries Compared to Global Market and a Comprehensive Scenario
Nazif Hasan Chowdhury,
Abu Sayed Rafi,
Sumaiya Siddika,
Golam Kibria,
Tarikul Islam
Issue:
Volume 8, Issue 4, August 2020
Pages:
146-155
Received:
29 June 2020
Accepted:
16 July 2020
Published:
28 July 2020
Abstract: In this project work, from the top readymade garments or apparel exporter countries, three countries like China, Vietnam and India are taken with Bangladesh for comparison. For the work, SWOT analysis method is used to find Strength, Weakness, Opportunities and Threats for the apparel industry of each country. Information and data are collected from reliable sources like the statistics and rankings of the World Bank, WTO, WLO, different journals which are published internationally. The aim of this study is to determine the genuine present scenario of Bangladeshi apparel industry compared to the competitor countries and to study how we are improving compared to them. This work indicates the specific points where we have to improve immediately and the points that we have to take really good care of. Hence as a result after conducting the SWOT analysis the obtained information and all the data, tables and graphs illustrate that the scenario of the Bangladeshi apparel sector is in satisfactory position though the alarming thing is that the competitor countries are putting more effort to improve their condition and they are getting it rapidly. On the other hand, our effort is less and we are not improving significantly except our recent compliance, GDP and green factory initiatives. In this work we find out a solution by analyzing which points are needed to work on for sustaining as a tough competitor in the apparel exporter market share for a longer period and to make maximum export earnings.
Abstract: In this project work, from the top readymade garments or apparel exporter countries, three countries like China, Vietnam and India are taken with Bangladesh for comparison. For the work, SWOT analysis method is used to find Strength, Weakness, Opportunities and Threats for the apparel industry of each country. Information and data are collected fro...
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On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward
Marco Desogus,
Elisa Casu
Issue:
Volume 8, Issue 4, August 2020
Pages:
156-167
Received:
27 July 2020
Accepted:
10 August 2020
Published:
19 August 2020
Abstract: This research re-examines the relations between production, money and income and arrives at a need for reform, through a contemporary money theory, with the same foundations that endow the system of the numerical entity that measures the economy. The analysis undertaken began from the “Econophysics” observation that wealth is unequally distributed among agents in an economic system. The literature has consolidated the concept of ‘systemic entropy’ as the degree of endogenous ‘disorder’ that occurs with the succession of interactions/transactions among its elements, leading to a stabilization in equilibrium that is no longer modifiable by spontaneous perturbations, even though there is clear evidence of profound inequality in individual wealth. The contribution offered here is an in-depth investigation into the causes that have led and continue to lead to the genesis and exacerbation of these socio-economic differences, which also convey an exclusion of the less wealthy sectors of the population from the most significant transactions. This ordains the impossibility, at the current state of the art, of achieving a neg-entropic practice, which is fundamental to the evolution of organisms. The point of arrival is in the negation of the monetary structure as currently perceived and organized.
Abstract: This research re-examines the relations between production, money and income and arrives at a need for reform, through a contemporary money theory, with the same foundations that endow the system of the numerical entity that measures the economy. The analysis undertaken began from the “Econophysics” observation that wealth is unequally distributed ...
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