This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...

The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...

North American Free Trade Agreement (NAFTA) was created to help to improve the economic well being of the people in the member countries. NAFTA did improve the trade balance and foreign direct investment of Mexico. NAFTA also improved the trade balance and employment rate in Canada. However, the...

During the job application and interview process, there is a natural tendency for applicants to stress attributes that they possess and that they also believe are being sought by hiring organisations. Due to cultural differences, applicants may be unwittingly contributing to bias in personnel...

Examining US data, this study uses techniques of cointegration analysis to test whether real estate investment trusts (REITs) are a useful hedge against inflation. Johansen tests seem to indicate that REITs are cointegrated with the general price level. This is true for a broad REIT index as...

Even in science, there is always the human element of using our own assumptions in logic, our feelings, our values and numerous criteria we must deal with. In addition, we often have to include the measurements of tangibles that always need agreed upon subjective judgement to interpret what...

Almost 73% of trade between Egypt and the USA involves the 36 industries for which continuous quarterly data are available over the period 1994I to 2007IV. We take advantage of this rich data set and test the J-curve hypothesis for each of the 36 industries. By relying upon a new definition of...

This paper studies the effects of the TNX ten-year treasury note, the crude oil light sweet, the denatured fuel ethanol, the S%P 500 Stock Index and the US dollar/yen exchange rate on the conditional mean and variance return of corn futures. It employs daily data from January 1, 2002 to August...

This paper examines how Amish communities build and sustain enterprises that produce and/or sell goods to both ethnic and non-ethnic markets. Based on qualitative research including interviews with 161 Amish entrepreneurs in 23 communities in the USA, the authors develop a transformative model...