In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence during crises depends on the tail properties of the fundamentals' distributions. We denote crisis linkages as either strong or weak, in the sense that the dependence remains or...

With very low unemployment, a large and stable current account surplus, low government debt and a budget in surplus, the Dutch economy was assessed initially to be relatively well prepared to weather the financial and economic crisis. In 2008, however, the negative effects of the financial...

Contributed Paper prepared for presentation at the International Association of Agricultural Economists Conference, Beijing, China, August 16-22, 2009

This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...

Over the last decade outward foreign direct investment (OFDI) flows and stocks from the emerging economies expanded dramatically. This aggregate trend is reflective of the fact that at the firm level technological capabilities and market share of many TNCs from the emerging economies (ETNCs)...

Full-text of this article is not available in this e-prints service. This article was originally published [following peer-review] in International Journal of Human Resource Management, published by and copyright Routledge.

A thesis submitted in partial fulfilment of the requirements of the University ofWolverhampton for the degree of Doctor of Philosophy

A thesis submitted in partial fulfilment of the requirements of the University ofWolverhampton for the degree of Doctor of Philosophy

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty...