Although there have been major globalisation episodes prior to the current one, previous globalisation experiences did not seem as pervasive as the episode which began in the last quarter of the twentieth century. It is claimed that the current globalisation wave is causing social disruption:...

Macroeconomic Performance in a Globalising Economy Edited by Robert Anderton Geoff Kenny CAMBRIDGE UNIVERSITY PRESS Contents List of figures page vii v List of tables ...

Modelling of conditional volatilities and correlations across asset returns is an integral part of portfolio decision making and risk management. Over the past three decades there has been a trend towards increased asset return correlations across markets, a trend which has been accentuated...

Modelling of conditional volatilities and correlations across asset returns is an integral part of portfolio decision making and risk management. Over the past three decades there has been a trend towards increased asset return correlations across markets, a trend which has been accentuated...

How do economic policy mistakes happen? One view is that policy makers are benevolent, and errors arise because economic theories are inadequate. Another is that policy makers pursue sectional interests that may have no relation to any academic consensus on good policy. This paper examines a...