Malaysian banking sector outlook during global financial crisis

This paper is to discuss the Malaysian banking sector outlook and examine whether Malaysian banks are well placed to weather this Global Financial Crisis. The current international financial turmoil has demonstrated the vulnerabilities in the financial systems of even the developed countries. As we have witnessed, the sub-prime mortgage crisis and the slowdown of the global economy originated from the United States which is regarded as the most developed and advanced financial market in the world. In this study, we attempt to exam whether Malaysian banks are being well placed to weather this Global Financial Crisis by testing the Capital Adequacy Ratio of Malaysian Banking System. Our finding shown that net NPL has significant relationship with risk-weighted capital ratio (RWCR), which means higher net NPL ratio will lead to higher probability of banking crisis. We believes that the Malaysian banks are fairly well placed to weather the weaker conditions ahead given the progress in the last two to three years in the clean up of their balance sheets and the buffer resulting from higher provision reserves and a generally stable capital position. While this should support the Stable Outlook on the ratings for most of the banks, the situation will have to be watched closely given the potential for further downward revision in global and regional growth prospects, particularly in 200

The relationship between terms-of-trade and trade balance in ASEAN-5

This study examines the relationship between career strategies and career success. The three dimensions that measured career strategies were enhancing promotability, strengthening external contacts, and improving image with superiors. Meanwhile, the dimension that measured career success was subjective career success. Data were gathered through the distribution of questionnaires to employees at a manufacturing organization (n=185). Correlation and regression analysis were used to examine the relationship between career strategies and career success. The results indicated that there were no relationships between overall career strategies and career success. However, in terms of career strategies dimensions, only two were positively correlated with career success, namely, strengthening external contacts and improving image with superiors. The multi-regression results suggest that improving image with superiors was the most important factor in influencing individual’s career success. The findings were discussed and recommendations for future research were also put forward

Real exchange rate and terms of trade: Some empirical evidence in Malaysia, Singapore, and Thailand

This study examined the relationship between real exchange rate and terms of trade in Malaysia, Singapore, and Thailand in two cases, namely a three-variable case and a four-variable case. The results of co-integration tests showed that there is long-run relationships among real exchange rate, terms of trade, and relative demand for Malaysia. Moreover, there is long-run relationship among real exchange rate, terms of trade, relative demand, and relative real interest rate for Malaysia and Thailand. The results of Granger causality showed that real exchange rate does not Granger cause terms of trade, however the result is mixed for Thailand. The contribution of terms of trade and relative demand to real exchange rate is mixed and small. Generally, the contribution of terms of trade to real exchange rate is greater than the contribution of relative demand in Singapore. For Thailand, relative demand is more important than terms of trade in the determination of real exchange rate. For Malaysia, the results are mixed

Summation test for gap penalties and strong law of the local alignment score

A summation test is proposed to determine admissible types of gap penalties for logarithmic growth of the local alignment score. We also define a converging sequence of log moment generating functions that provide the constants associated with the large deviation rate and logarithmic strong law of the local alignment score and the asymptotic number of matches in the optimal local alignment.Comment: Published at http://dx.doi.org/10.1214/105051605000000061 in the Annals of Applied Probability (http://www.imstat.org/aap/) by the Institute of Mathematical Statistics (http://www.imstat.org

Substratum Influence on (Rig-Vedic) Sanskrit?

published or submitted for publicationis peer reviewe

Tactical size rotation in Switzerland

The size premium, defined as the outperformance of equities of small and medium-sized companies compared with the shares of large companies, is subject to strong cyclical fluctuations over time. This study examines the predictability of this premium for the Swiss stock market. The forecasts used are developed applying a flexible forecasting approach that is based on time variable multi-factor models. Our strategies provide information ratios significantly greater than 1 for a maximum real-time application of a good seven years. The results show that risk variables such as the credit spread and TED spread, the performance of the S&P 500 and statistical variables such as AR(1) terms or trends calculated using the Hodrick-Presscot filter prove to be successful forecasting variables in our algorithm. Furthermore, variables that sum up the consensus estimates of equity analysts (IBES) for various size portfolios can sometimes make valuable forecast contributions. --