number of studies have contended that it is challenging to explain exchange rate movement with macroeconomic fundamentals. A naive model such as a random walk forecasts exchange rate movements more reliably than existing structural models. This paper confirms that it is possible to improve the...

This paper attempts to assess bank performance, competition and their relationship empirically by using banking sector data (1983-2011) and individual bank data (2001-2011) from Bangladesh. Return on assets and data envelopment analysis grounded bank efficiency are used as bank performance...

Since 2009, central banks in the major advanced economies have held interest rates at very low levels to stabilize financial markets and support the recovery of their economies. Based on a Mises-Hayek-BIS view on credit booms and Mises’ law of unintended consequences, this paper suggests that...