This paper examines how issues of trade facilitation continue to discourage the export of manufactured goods from Africa. Pooled, cross-country, annual time series data for the period 1995 – 2004 for 20 African countries were used to examine nature of the relationship between some selected...

The textbook view on risk in asset management companies is summarized by Hull (Risk Management and Financial Institutions, p. 372, <CitationRef CitationID="CR6">2007</CitationRef>): “For an asset manager the greatest risk is operational risk.” Using evidence from various panel regression models, we show that asset management revenues...</citationref>

This study aims to investigate the channels through which international business cycles are transmitted to Turkish economy. Our analysis follows two steps: i) business cycle transmission is measured using Longest Common Subsequence (LCS) method, a pattern recognition algorithm that accounts for...

Central to the conduct of monetary policy are inflation forecasts. Inflation forecasts are not unique. Central banks and professional organizations generate inflation forecasts while households are surveyed about their inflation outlook. This paper estimates inflation forecast disagreement for...

Energy shortage is exacerbated by energy wastage and low efficiency, so energy efficiency has become a popular research topic. However, in most studies, the inputs and outputs of energy efficiency are selected through qualitative analysis and literature review, the rationality is not convincing....

Purpose – Value relevance studies, in particular international comparative studies, use market values sampled at different dates relative to the fiscal year-end. This paper aims to contribute a theoretical and empirical analysis of the relationship between value relevance and the month of...

We study the impact of decentralization on sovereign default risk. Theory predicts that decentralization deteriorates fiscal discipline since subnational governments undertax/overspend, anticipating that, in the case of overindebtedness, the federal government will bail them out. We analyze...