A generally accepted view among researchers and policy makers is that large capital flows to Latin America starting from the second half of the 1980s through the 1990s may have caused speculative bubbles in the asset markets of recipient economies. This article tests for asset price bubbles in...

This article provides capital flow forecasts to 32 developing countries using an unobserved components model and maximum likelihood Kalman filtering estimation. Permanent and temporary components of capital flows of bond, equity and syndicated loans are separated out to the countries concerned....

This study provides a critical review of the research literature on long-run Purchasing Power Parity and the stability of real exchange rates.

We provide an introduction and overview to the 12 applied financial studies making up this special issue on the Global Financial Crisis (GFC). The studies cover a wide range of international and regional experience and employ a variety of applied techniques.

This special issue of Applied Financial Economics is dedicated to the memory and the achievements of Professor Sir Clive Granger, economics Nobel laureate and one of the great econometricians and applied economists of the twentieth and early twenty-first centuries. As editor of the Applied...