India seems to qualify as a soft power by default with her democratic tradition, Mahatma Gandhi with his concept of non-violence and peaceful conflict mediation as national hero and Bollywood as a quasiglobal dream fabric. The high economic growth rates since the liberalisation in 1991 have...

Foreign exchange market efficiency is commonly investigated by Fama-regression tests of uncovered interest parity (UIP). In this paper, we conjecture a speculative UIP relationship which implies that exchange rate changes comprise a time-varying risk component in addition to the forward...

In previous papers it has been shown that adding a positive scalar self-interaction (ψψ)2 to the Dirac field Lagrangian provides a reasonably satisfactory model to describe the barions. In this work, we analyze other solutions of the same nonlinear Dirac equation, making progress in the...

type="main" <title type="main">ABSTRACT</title> <p>We explore the link between a firm's stock returns and credit risk using a simple insight from structural models following Merton (<link href="#jofi12143-bib-0033"/>): risk premia on equity and credit instruments are related because all claims on assets must earn the same compensation per unit of risk....</p>

We were asked by the Independent Evaluation Office to outline political science methods for assessing the chances of reform implementation in an ex-ante fashion. We agreed to illustrate how these tools 'work' by using Pakistan as a case study. The recent literature on IMF-sponsored reforms...

The present paper provides an empirical assessment of the effects associated with the reorganization of minute reserve markets in Germany. As the aim of the regulator is to assure a competitive market with transparent pricing, we analyze whether the recent policy reform has had an impact on the...