Current macroeconomic policy formulation emphasises trade-offs associated with promoting economic recovery through expansionary fiscal policy and the need to deliver 'fiscal sustainability' defined in terms of stabilising and reducing government debt ratios. This paper argues that these...

This study explores the portfolio selection methods that property managers utilise for managing real estate investments during an economic recovery cycle. Knowing more about portfolio selection methods is especially relevant for property project managers and investors given today's financial...

Australia has one of the more volatile set of export prices among OECD countries. This paper examines the extent to which Australia's export prices relate to the world prices, using quarterly time-series data spanning, the period 1969q4–2002q3. The empirical results based on dynamic least...

Australia has one of the more volatile set of export prices among OECD countries. This paper examines the extent to which Australia's export prices relate to the world prices, using quarterly time-series data spanning, the period 1969q4â2002q3. The empirical results based on dynamic least...

Australia has one of the more volatile set of export prices among OECD countries. This paper examines the extent to which Australia's export prices relate to the world prices, using quarterly time-series data spanning, the period 1969q4--2002q3. The empirical results based on dynamic least...

We examine the high frequency dynamics of euro to Japanese yen foreign currency exchange rates for the period of January 2001 to January 2010, comprising approximately three million data entries. The probability density function is described competently by the Tsallis q-Gaussian statistics,...

Financial globalisation is not a novel phenomenon. In the contemporary period, what is unprecedented about it is its breadth and depth. Several potential benefits emanate from financial globalisation. However, there is a downside of it. In the recent past, it has been observed that several...

The paper examines the stochastic behaviour and the volatility patterns of the Greek drachma against the German mark and the US dollar in response to shifts in the monetary stances of Germany and the US. The methodological design is the GARCH specification. The results strongly suggest that...