The purpose of this study is to investigate the association between electronic filing (e-filing) and the total tax compliance costs incurred by small and medium size businesses in developing countries, based on survey data from South Africa, Ukraine, and Nepal. A priori, most observers expect...

The actual macroeconomic impacts of the COVID-19 pandemic will be realized over time; however, its impact on financial markets was much faster and dramatic. Following the spread of the pandemic, most global equity markets experienced significant falls and started to rebound with the announcement...

Following the spread of the COVID-19 pandemic, most global equity markets experienced significant falls. Recognizing the severe economic impacts of the pandemic, from mid-March, many governments announced unprecedented economic rescue packages, which appear to restore investors’ confidence,...

An effective teaching process makes it necessary primarily to know the quality of learning and how learning occurs. Learning theories explain in which conditions learning occurs. Also, learning theories set principles for how to realize teaching applications. Recently, constructivism which is...

In this paper, we develop a momentum trading strategy based on the low frequency trend component of the spot exchange rate. Using kernel regression and the high-pass filter of Hodrick and Prescott [Hodrick, R., Prescott, E., 1997. Post-war US business cycles: An empirical investigation. Journal...

The conditional distribution of asset returns is important for a number of applications in finance, including financial risk management, asset pricing and option valuation. In the GARCH framework, it is typically assumed that returns are drawn from a symmetric conditional distribution such as...

In this paper, we investigate the long run dynamics of the intraday range of the GBP/USD, JPY/USD and CHF/USD exchange rates. We use a non-parametric filter to extract the low frequency component of the intraday range, and model the cyclical deviation of the range from the long run trend as a...