Three models are used to test the widely held view that there is military rivalry between Greece and Turkey. The modelling is based on the work of McGuire (1977), Desai & Blake (1981) and a vector autoregression specification. Particular attention is paid to appropriate diagnostic tests, the...

The role of corporations in allocating resources has been of great importance in the debate about the manner in which enterprises should be governed to enhance economic growth. Corporate governance features seem to be central to the dynamics by which successful firms and economies improve their...

Between 1996 and 2003, emerging market economies experienced major financial crises with both high frequency and severity. Since then and until the recent bout of financial turbulence, the drop off in the frequency of such crises has been marked. However, the absence of a crisis episode does not...

The paper tries to clarify whether the Greek drachma exchange rate movements could be better understood by incorporating the dynamics of the political environment. Greece could be considered as an ideal laboratory to examine the impact of the elections on the drachma exchange rate dynamics,...