We present a pricing-to-market model, in which the average mark-up depends on the foreign competition. We propose that the exchange rate changes affect the degree of competition and this effect increases exchange rate pass-through to the import prices. We test the implications of our model on 10...

We examine exchange rate pass-through (ERPT) into aggregate import prices for nine OECD countries in view of Taylor's [Taylor, J., (2000). Low Inflation, Pass-through, and the Pricing Power of Firms, European Economic Review 44 (7), 1389–1408] suggestion that the degree of pass-through is...

Price of a dwelling consists of the physical structure together with the value of land upon which the house is build. Similarly, the growth rate of the price of a house is the weighted average of increase in the value of the structure and appreciation of land. The price of the structure is...

In this paper we build an open economy extension of the Gordon (1962) valuation model that suggests a simple forecasting system for three macroeconomic variables; the real growth, inflation and real exchange rate. All the forecasting equations in our system utilize current financial market...

In this paper we analyze the existence of nonlinear relationships between macroeconomic fundamentals and exchange rates for some major industrialized countries using an error correction model with time-varying parameters for the post Bretton Woods period. We find that inflation rate...

In this article, we propose to augment the traditional relationship between real exchange rates and real interest rates (RERI) by adding the stock market equilibrium condition to it. We introduce the relative dividend yield as the new information variable. In the empirical analysis, we use...

Although Self Service Banking Technologies (SSBTs), is known as core services provided by the banks, however in some developing countries, it is still at the early stage of adoption. For the banks in these developing countries, encouraging their customer to use the SSBTs is a great challenge....

The Islamic family law widely implemented within Muslim communities in the world but it manifested differently in different culture, legal and institutional context. In this incident research is a documentary research which objectives of the study are to explore the historical background of a...

Poland joined the European Union in 2004. Accession to the EU resulted in considerable economic, social and political advantages. It also stimulated competitive development of the Polish economy. An attempt was made in the paper to determine Poland's competitive position against the background...

Regional financial performance could influence the attitude of shareholders and of the investors. It is important as it provides information about the entities that act in the area and about the factors, qualitative: like auditor type or quantitative such as individual financial elements that...