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This paper investigates comovements between the United States and Australia. Our nonlinear model allows the dynamic response to shocks to differ if countries are in recession. Generalised Impulse Response Functions highlight a significant asymmetric response to positive and negative shocks.
Persistent link: https://www.econbiz.de/10005574840
This paper seeks to examine the efficiency of the Australian foreign exchange market by using methods of cointegration and spectral analysis. Uncovered interest rate differentials for five countries namely the US, UK, Japan, Malaysia and Singapore are examined with Australia as the 'home'...
Persistent link: https://www.econbiz.de/10005392571
Parity holds (6) There is no risk in foreign exchange (7) Volatile exchange rates are harmful to trade (8) Depreciating …
Persistent link: https://www.econbiz.de/10005231957
This paper reports a laboratory experiment that studies several specific features of the Regional Clean Air Incentives Market (RECLAIM), a tradable emission permit program intended to lower the cost of meeting federal air quality standards in the Los Angeles area. It assesses the impact of some...
Persistent link: https://www.econbiz.de/10005458645
Persistent link: https://www.econbiz.de/10005458681
This studyrebuts much of the traditional rationale forregulatory restrictions and provides a list of principles of regulation that would serve as a model for global accounting practices.
Persistent link: https://www.econbiz.de/10011265307
This book provides a strategy for liberalizing the aviation services industry.
Persistent link: https://www.econbiz.de/10011265308
The authors consider whether any special circumstances justify departure from free trade in telecommunications …
Persistent link: https://www.econbiz.de/10011265309
only with a renewed commitment to open multilateral trade. …
Persistent link: https://www.econbiz.de/10011265310
This book considers the three geographical regions that present the greatest intellectual property rights problems to U.S. industries--China, Latin America, and India.
Persistent link: https://www.econbiz.de/10011265312