: UK has transited from a situation of technology subsidy in the 1980s to the profit-driven best and fair technology environment in the 1990s. But the question is which has been more significant in terms of long-run influence on the productivity and competitiveness of the UK manufacturing...

Studies on economic crises usually focus on the supply side effects. However, working on a country accustomed to economic crises, this study searches for the demand side effects of economic crises, if there are any. For this purpose, the household expenditure is modeled by the Almost Ideal...

: This paper analyzes the daily time series of Japanese yen exchange rate against the US dollar by a model of stochastic differential equation whose coefficient oscillates cyclically. The expectation value and the variance of the series are derived by solving the equation. It is shown that their...

This paper empirically extends the analysis of investment strategies of financial institutions to four most important divides in the Nigerian financial system, namely, the commercial banks, merchant banks, insurance companies and finance houses. The research is designed on the quasi-experimental...

This paper looks at bound test approach for cointegration analysis, to verify the stability of Singaporean real Gross Domestic Product (GDP), to construct the Monetary Conditions Index (MCI) over the quarterly period 1981:1-2004:4. The bounds test confirms a long-run equilibrium relationship...

: The paper investigates the long- and short-run relationship between sovereign credit ratings and macroeconomic variables in Malaysia by employing quarterly data from 1991 to 2004. A robust and recent time series technique known as the Unrestricted Error Correction Model Bound Test was used...

Based on the structure model of option pricing (Dai and Qin, 2005) and partial distribution (Dai, 2001), this paper designs a new kind of expression of futures price. It presents the structure pricing model for American futures options on underlying non-dividend-paying stocks, and provides three...

The Indian market which was known to be segmented mainly due to regulatory and institutional barriers in the early 1990s has been gradually liberalized and opened up for the world economy. Various studies have been carried out to examine the effect of liberalization on financial market...

: This study looks at the impact of derivatives listings on returns of the underlying assets. Employing event study methodology, the study finds significant and positive abnormal returns around futures and options listing announcement dates in the National Stock Exchange (NSE). The results show...

: This study analyzes the sustainability of balancing item (errors and omissions) of balance of payments accounts of 18 industrial countries employing unit root tests with level shifts. Initially, the descriptive summary suggests that the balancing items of the 18 industrial countries are...