In this paper, we study a two-country general equilibrium model with partially segmented financial markets, where hedge funds emerge endogenously. Empirically, we show that the hedge fund investment strategy predicted by our model, which we call the "risk-adjusted carry trade" strategy, explains...

This topical book addresses the need for emerging economies in Central, Eastern and South-Eastern Europe to find a new, sustainable growth model that fosters continued convergence with the EU without leading to the build-up of new vulnerabilities.

The expert contributors focus on global imbalances and accompanying policy challenges, competitiveness and trade, the sustainability of current growth strategies, and banking and financial stability in the light of the global economic and financial crisis. They provide a multi-disciplinary...

The globalization of trade and markets requires international standards governing accounting and associated activities including valuation. The EU Financial Services Action Plan and the revised banking supervision rules both spotlight the need for consistent standards. Valuation standards exist...

G REENHALGH P., D OWNIE M. L., F ISHER P. and B ARKE M. (2003) Grease to the wheel or a spanner in the works? An investigation of office and industrial occupier displacement and property market filtering in Tyne and Wear using the chaining technique, Reg. Studies 37 , 381-394. The research uses...

FISHER P. S. and PETERS A. H. (1997) Measuring tax and incentive competition: what is the best yardstick?, Reg. Studies 31, 751-764. Although much research has been conducted on state and local government economic development policy in the US, there is no agreement on how tax and other...

The paper investigates the scale of relocations generated by property‐led regeneration schemes and identifies the perceived benefits accruing to occupiers of relocating to such developments. In so doing the implications for the local property market of such moves, in respect of the performance...