Although a Currency Board is a simple monetary arrangement, there is a range of important policy issues that must be addressed by the domestic monetary authorities. If one defines policy misalignment as deviation from such policy rule then such mistakes have been associated with either external...

With the present paper we document some standard statistical properties and stylized facts of volume and volatility of nine common shares traded in the Athens Stock Exchange(ASE). Using econometrical tools we investigate the relationship between volume and volatility attempting to find support...

Although a Currency Board is a simple monetary arrangement, there is a range of important policy issues that must be addressed by the domestic monetary authorities. If one defines policy misalignment as deviation from such policy rule then such mistakes have been associated with either external...

Since the onset of the global financial crisis, the sovereign risk premium differential and associated government bond yields have been widening so much as to cause the Eurozone crisis. The stylized facts of the 10-year Greek government bond yield attract much interest since there are deepened...

We examine the transmission process of the policy rate to the lending and deposit rates in Greece for the period 1996-2004 within bivariate cointegration and error correction framework. A significant structural break takes place with the accession of Greece into EMU in 2001. The bank rates...

This paper studies the causes of turbulence in foreign exchange markets looking closely on the experience of five transition economies. In more details, we consider the influence of macroeconomic variables in the case of currency crises occurrence by using logit models. In an environment of...

Using a disaggregate survey data base, this paper re-examines the issue of the existence of a time-varying risk premia in three foreign exchange markets. Previous research on this topic has utilized a consensus measure of the risk premium, based on the rational expectations assumption, and is...

This paper constructs an index for management competence. It tests the validity of this index in a sample of Greek listed firms. It is shown that management competence contributes significantly to sales growth, to firms’ shares return and profitability.

This paper seeks to explain the causes of turbulence in foreign exchange markets in selected transition Economies (Albania, Belarus, Bulgaria, Croatia, FYROM, Moldova, Romania and Ukraine), by using a set of CATREG models and introducing explanatory variables, not directly associated with the...

This paper is devoted to Greece's national competitiveness in relation to renewable energy production enterprises from solar. Applying Porter's diamond model on renewable energy enterprises, we should take into account regional or local factors due to the dependency of those companies on natural...