Empirical Analysis of RMB Price Discovery Effects Between China Sovereign CDS spread, offshore RMB and Global Financial Market Variables: Comparative analysis of China, Japan and South Korea

2019 ◽  
Author(s):  
Woong Ryeol Kim ◽  
Moon-Kyum Kim
Keyword(s):  
Comparative Analysis ◽  
South Korea ◽  
Empirical Analysis ◽  
Financial Market ◽  
Price Discovery ◽  
Market Variables

LEVIATHAN FOR SALE: MARITIME POLICE PRIVATIZATION, BUREAUCRATIC CORRUPTION, AND THE SEWOL DISASTER

2021 ◽  
pp. 1-25
Author(s):  
Kyong Jun Choi ◽  
Jonson N. Porteux
Keyword(s):  
South Korea ◽  
Private Sector ◽  
Empirical Analysis ◽  
State Capacity ◽  
Rent Seeking ◽  
Political Environment ◽  
Bureaucratic Corruption ◽  
Rescue Services

Abstract We argue that the 2014 Sewol ferry disaster in South Korea, in which 304 passengers perished, was a result of the mode and process of privatization of South Korea's maritime police and rescue services. Through the development of a nuanced theory of privatization and use of a novel conceptualization of corruption, coupled with empirical analysis, our study shows that the outcome was symptomatic of a wider trend of systematic bureaucratic rent-seeking. A pro-active private sector ready to capitalize on the opportunity, in conjunction with a permissive political environment, resulted in a reduction of state capacity, with devastating consequences.

scholarly journals The Comparative Analysis Of Asking And Traded Price Indices In Different Floor Area Subsegments Of The Residential Property Market

2015 ◽  
Vol 23 (3) ◽  
pp. 14-25
Author(s):  
Sebastian Kokot ◽  
Marcin Bas
Keyword(s):  
Comparative Analysis ◽  
Empirical Analysis ◽  
Residential Property ◽  
Price Indices ◽  
Property Market ◽  
Floor Area ◽  
Property Price

Abstract There are several acknowledged methods for determining residential property price indices. However, all of them have their drawbacks and advantages and reflect the averaged real movements of prices with varying accuracy. The paper attempts to answer the question: How faithfully do indices based on asking prices reflect the movements of traded prices? As a result we will find out whether, in the situation when property price indices cannot be determined, asking price based indices can be used instead. The paper specifies theoretical and practical aspects of constructing residential property price indices on the basis of asking and traded prices. It also contains an empirical analysis of these two index types.

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