This study evaluates the short-run and long-run performance of the monetary model approach of exchange rate determination for the emerging economies like Argentina, Brazil, Taiwan and Turkey. The study is based on whether there is a cointegration relationship between the nominal exchange rate...

This paper examines the bilateral trade dynamics of the EU with its major trade partners. Previous studies on the bilateral trade dynamics of the EU have been based on estimations without the consideration of the presence of structural breaks. This paper examines the impacts of the real exchange...

The purpose of this paper is to investigate the level of capital mobility in the largest economies of Asia by testing the Feldstein-Horioka puzzle. Panel estimations using quarterly data for the period from 1995 to 2011 have been made for the seven largest economies of Asia, specifically Russia,...

This paper investigates the level of capital mobility in Russia, testing the Feldstein-Horioka puzzle proposed by Feldstein and Horioka (1980). The study examines relations between saving and investment flows in Russia in the presence of structural breaks. It employs the quarterly data for the...

This paper estimates the tourism demand model for Turkey from 14 countries: Austria, Belgium, Bulgaria, Denmark, France, Germany, Greece, Holland, Italy, Russia, Sweden, Switzerland, the United Kingdom and the United States. Different approaches were used to find cointegration in the considered...

The purpose of this paper is to investigate the level of capital mobility in European Union members using the Feldstein-Horioka puzzle proposed by Feldstein and Horioka (1980) in order to investigate relations between saving and investment flows. In this paper, data for 27 European countries...