Bahrain's financial sector development strategy succeeded in building a leading regional banking center, which has become one of the main engines of growth and sources of employment. Although the simulations conducted in the paper suggest that the banking sector in Bahrain continues to occupy a...

Many of the research questions and research programs that were posed and suggested by Richard Goodwin are still highly relevant for various methodological, empirical and theoretical reasons. In this paper, we address the issue of whether highly articulated and complex economic interactions can...

A critical issue in auditing is provisioning of reasonable assurance that the financial reports are free from material misstatements. The auditing detection problem can be viewed as a two-player game between the auditor and the auditee where the auditor aims at eliminating misstatements,...

We present an approach to interactive Multiple Criteria Decision Making based on preference driven Evolutionary Multiobjective Optimization with controllable accuracy.

“Program numbers” from a sample of IMF-supported programs are studied as if they were forecasts, through statistical analyses of the relationship between projections and outcomes for growth, inflation, and three balance of payments concepts. Statistical bias is found only for projections of...

The Mullins–Sekerka free boundary problem originates from the study of solidification and liquidation of materials where material is transported by diffusion. In the present paper we explore dynamics of bubbles for the Mullins–Sekerka problem. Using a set of ordinary differential equations...

We propose a new method for accelerating the convergence of the implicitly restarted Arnoldi (IRA) algorithm for the solution of large sparse nonsymmetric eigenvalue problems. A new relationship between the residual of the current step and the residual in the previous step is derived and we use...

This paper aims at clarifying, with the help of a simple formal model and numerical examples, several aspects of the relationship between international investment position (IIP) and balance of payments (BOP) statistics. Exact and approximated relations are compared to analyze the estimation...

Macroeconomic model builders attempting to construct forecasting models frequently face constraints of data scarcity in terms of short time series of data, and also of parameter non-constancy and underspecification. Hence, a realistic alternative is often to guess rather than to estimate...