In this paper a simple open economy macro economic model is developed to identify which of the gaps-saving-investment, trade, or fiscal-become the binding constraints in the adjustment process with growth in developing countries. Using results of comparative statistics, the stability conditions...

The international transmission of economic disturbances is analysed in a three-country world where two countries have no macroeconomic impact on a third country but are large enough to influence each other under a system of mixed exchange rates - a system that combines the fixed exchange rates...

This paper analyzes the international transmission of economic distur-bances in a three-country world where two countries have no macroeconomic impact on a third country but are large enough to influence each other un-der fixed and flexible exchange rates. While the fixed exchange rate (FER)...

The international transmission of economic disturbances is analysed in a three-country world where two countries have no macroeconomic impact on a third country but are large enough to influence each other under a system of mixed exchange rates - a system that combines the fixed exchange rates...

The transmission of correlated economic disturbances is analyzed in a three-country world, where two countries have no macroeconomic impact on a third country but are large enough to influence each other under a system of mixed exchange rates-a system that combines both fixed and flexible...

This paper investigates the impact of monetary and import price changes on the domestic rate of inflation for each of six Asian developing countries: India, Korea, Malaysia, the Philippines, Thailand and. Sri Lanka. It also provides empirical tests of asymmetry between the effect of positive...

In this study, a highly useful and comprehensive survey of the several loan pricing approaches has been discussed. Particular attention has been paid to the most significant and popularly practiced techniques of pricing the prime lending rate. In the process, highly useful illustrative examples...

Globalization is a process and not a single event. It is a means to improved well-being. It increases the percapita income, improve quality of life, lower the illiteracy rate, augment life expectancy, and reduce infant mortality. Cheap transportation, policy oriented tariff cuts, progress in...

The liquidity effect of money supply increases, as policy-oriented measures, would generally lead to a decline in interest rates. This is the direct effect. However, such money supply increases lead to a sum of the direct effect plus the positive indirect price and income effects. In sum, the...