The performance of an international real estate investment can be critically affected by currency fluctuations. While survey work suggests large international investors with multi-asset portfolios tend to hedge their overall currency exposure at portfolio level, smaller and specialist investors...

In this paper an attempt is made to document the interdependence among stocks, bonds and gold. Gold is an important asset class and has often been seen as a safe haven and counter-cyclical investment vehicle. We present an extension of the work done by Diebold and Yilmaz (2009) using a spillover...

The equity market risk premium remains one of the most debated issues in corporate finance. Monthly returns for 19 developed equity markets and 16 emerging equity markets between 1970 and 2006 aided in examining the extent of integration of these markets with the U.S. stock market and the Morgan...

The equity market risk premium remains one of the most debated issues in corporate finance. Monthly returns for 19 developed equity markets and 16 emerging equity markets between 1970 and 2006 aided in examining the extent of integration of these markets with the U.S. stock market and the Morgan...

Associating corporate performance and shareholder value creation to growth in earnings (or sales) has been the modus operandi in the investment industry, greatly influencing managerial compensation schemes and portfolio decisions. This paper sheds light on the relationship between growth and...

In Australia, the banking sector's substantial exposure to the household sector gives reason to continuously assess the financial resilience of households. In this paper, we further explore the simulation-based household stress-testing model presented in Bilston and Rodgers (2013). This model...

The death penalty lives on in America, with some 1350 prisoners put to death since 1976, when the modern American death penalty was reborn. Most prisoners get a last meal of their choice, though that choice is constrained by cost and, often, the stock in the prison kitchen. Last meals can be...

A number of factors are likely to have restrained household spending growth over the recent past, including weak income growth, tight credit conditions, concerns about debt levels, the fiscal consolidation and uncertainty about future incomes. This article examines the factors affecting spending...

Life under sentence of death can be a transformative process. One measure of this transformation can be found in last words, which often highlight the humanity of condemned prisoners on the threshold of execution, in sharp contrast to popular conceptions of these prisoners as evil, remorseless,...