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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...
Persistent link: https://www.econbiz.de/10009352440
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...
Persistent link: https://www.econbiz.de/10009352452
This paper demonstrates that the current economic crisis has its roots in the evolution of the global economy during the 1960s. The gradual increase of US debt from the 1960s accompanied by the deficit in the US trade balance due to international competition from EU, Japan, and later from China...
Persistent link: https://www.econbiz.de/10009352458
balance and employment rate in Canada. However, the effect of NAFTA on the USA is unclear, i.e. it does not show a negative or … rate in the USA due to NAFTA. Therefore, more study is needed to determine whether the USA has lost jobs or lowered the … wage rate in the USA. …
Persistent link: https://www.econbiz.de/10009352465
study compares the attitudes of university students in China, Russia and the USA to determine whether culture …
Persistent link: https://www.econbiz.de/10009352467
, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA …
Persistent link: https://www.econbiz.de/10009352472
This empirical study examines the attitudes of undergraduate and graduate business students in Mexico and the USA to …
Persistent link: https://www.econbiz.de/10010732427
Firm-level fixed investment expenses are analysed using a large panel of US manufacturing firms from 1971 to 2007. Integrating the user cost of capital, q and accelerator theories of investment to one econometric specification, we estimate the impacts of sales growth, cash flow, the cost of...
Persistent link: https://www.econbiz.de/10010732429
:12-2010:7 period for the USA and Japan. In contrast with previous empirical research, the findings show that the C-CAPM fits well for … both countries yet for different time periods (1987:12-1996:11 and 1987:12-2001:1 for the USA and Japan respectively …). However, during the sample period, the gamma coefficient estimated for the USA was high (above eight) compared with that for …
Persistent link: https://www.econbiz.de/10010732432
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...
Persistent link: https://www.econbiz.de/10010669625