This paper builds monthly time-series of Divisia monetary aggregates for the Gulf area for the period of June 2004 to December 2011, using area-wide data. We also offer an "economic stability" indicator for the GCC area by analyzing the dynamics pertaining to certain variables such as the dual...

The main purpose of this paper is to explore the possibilities of learning from Korea some pertinent lessons for industrialization and development in the 21st century. The 21st century presents an even greater challenge for industrialization in the developing world than the post-WWII period. The...

Focusing on a threshold regression analysis, the result provides new evidence that the negative effect of exchange rate depreciation on exports takes place as certain threshold level of credit market imperfection has been attained.

The world’s most expensive motor fuel (gasoline, diesel and LPG) is sold most likely in the Republic of Turkey. This paper investigates the key issues related to the motor fuel prices in Turkey. First of all, the paper analyses the main reason behind high prices, namely motor fuel taxes in...

This paper investigates how the downside tail risk of stock returns is differentiated cross-sectionally. Stock returns follow heavy-tailed distributions with downside tail risk determined by the tail shape and scale. If safety-first investors are concerned with sufficiently large downside...

Derivatives are the major icon among risk management practices. Firms usually use derivatives to hedge their foreign exchange and interest rate risk. This study aims to examine the determinants’ of corporate hedging policies and derivative usage in risk management particularly with respect to...

The issue of environmental sustainability is a controversial and extremely diverse multi-faceted topic that ranges from questions as to how to ensure that adequate investment in energy R&D and infrastructure will be undertaken, to state level renewable portfolio standards, to the impact of...

The paper is an attempt to make critical appraisal of the status of human development in north east India.

The BI governance concept is introduced and with respect to the established framework for approaching Business Intelligence strategies, a demarche for evaluating BI initiatives will be proposed. Monte Carlo simulation method will be used to fundament the decision to move forward with a Business...

This purpose of our paper is to explores the consequences of uncertainty on the remittances.These transfers are sent by a diaspora of emigrants who are motivated by altruism rather than pure self-interest. Migrants are assumed to care about the consumption of home-resident family members as well...