This study examines Greece's experience as a member of the Eurozone over the period 2002 to 2011. We do not find evidence of incremental benefits for Greece from joining the Eurozone in terms of higher growth in Gross Domestic Product, improved balance of payments, higher levels of public and...

This paper examines the hedging effectiveness of the FTSE/ATHEX-20 and FTSE/ATHEX Mid-40 stock index futures contracts in the relatively new and fairly unresearched futures market of Greece. Both in-sample and out-of-sample hedging performances using weekly and daily data are examined,...

This paper examines the hedging effectiveness of the FTSE/ATHES-20 and FTSE/ATHEX Mid-40 stock index futures contracts in the relatively new and fairly unresearched futures market of Greece. Both in sample and out of sample hedging performances using weekly and daily data are examined,...

Risk management in an industry which is characterized by high volatility in prices, seasonality, strong business cycles, cyclicality and capital intensiveness is extremely important. Shipowners face numerous risks in relation to fluctuations in freight rates, bunker rates, interest rates,...