The United Arab Emirates (UAE) is a member of the Gulf Cooperating Council countries (GCC) and over recent years has indicated willingness for implementation of the economic reforms necessary for the future evolution of a modern, open stock market. This study uses relative valuation techniques...

This study investigates the impact of the recent economic globalization, which may be characterized by increasing international trade values and Foreign Direct Investment (FDI) flows, on income inequality in Canada and India. The Gini coefficient the conventional measure of income inequality is...

In the recent past, the ailing situation of finances of various states in India assumed utmost importance and attracted the attention of experts, analysts, policymakers and regulatory bodies. Many states initiated the reforms process to revitalize the poor condition of state finances. One such...

This paper presents efficiency measures using production efficiency factors, covering performance of Philippine banks over the period 1998-2003. This period is crucial to the growth of the Philippine banking industry, in view of the challenges faced as a result of the Asian crisis of 1997....

This paper presents the empirical evidence on the long-run neutrality (LRN) of money in the stock market in Malaysia, using seasonal adjusted monthly data from 1978:1 to 1999:12 , based on the bivariate ARIMA framework developed by Fisher and Seater (1993). Besides the main stock index, the...

This paper attempts to analyze the strategies and efficiency of commercial banks, merchant banks, insurance companies, and finance houses in their savings mobilization activities in Nigeria. The study involved a survey of 260 financial institutions. The evidence revealed that for all financial...

The direct effect of globalisation is seen in changes in occupational distribution of households and also in distribution of income among different occupational groups in rural India. Household principal occupation is an important indicator of quality of life and socio-economic status of...

Since 1970s, just after Monetarists revolution that emphasized the stability of demand for money heavily, there have been numerous studies about demand for money estimation. While some studies showed that interest rate is not a very significant determinant of demand for money, some others...

Trade policy reforms constitute the core of economic reforms in India. This paper analyzes India s external sector while highlighting the positive impact of India s trade policy reforms. The trends in India s foreign trade, changes in the composition and direction of India s exports and imports...

More recently, the P-Star approach of modeling inflation, proposed by Hallman et al. (1989), has been widely tested for the United States and other developed countries. However, the applicability of the P-Star model for developing countries is yet to be determined. Thus, the main purpose of the...