This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...

Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation. Given a new risk situation, whether a revision of the...

This paper comprises a survey of a half century of research on international monetary aggregate data. We argue that since monetary assets began yielding interest, the simple sum monetary aggregates have had no foundations in economic theory and have sequentially produced one source of...

This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...

This paper identifies the best models for forecasting the volatility of daily exchange returns of developing countries. An emerging consensus in the recent literature focusing on industrialised counties has noted the superior performance of the FIGARCH model in the case of industrialised...

Development of methodology for deriving the monthly unemployment statistics directly from the quarterly Labour Force Survey (LFS) results by econometric modeling meets the requirements of insuring the information on short-term needed for employment policies, aiming to achieve the objectives of...

Since 1973, INSEE provided each year, some statistics about French sectoral and regional (departmental one, since 2002) wage-earning and non wage-earning job. This statistics works is heavy and spend a long time to check all collected and calculated data because the level of disaggregation is...