A bona fide morality favours a consistent free market capitalist system of law. If there are dangers and temptations arising from such a society, let the various institutions that can develop among free people respond to them. Individuals and their various voluntary organisations – not...

Faced with stiff competition from major coffee growing countries like Brazil and Vietnam, Indian coffee is loosing out significantly in the global export market. The situation on the domestic front is no better. Although in the last few years the consumption of coffee has grown significantly....

This study addresses stylised facts of the Greek economy over the period 1960–2005. The findings convey the procyclicality of consumption. Consumption is shown to be less volatile but investment and government expenses are shown to be more volatile than income. Prices are countercyclical,...

Through the use of a simple behavioural political economy model, we cast doubt on the assumption that voters behave in predictable ways dependent on their expected support for government policies. We show that under certain conditions an unfavourable (i.e. welfare reducing) policy may result,...

Duration requires active monitoring because it is sensitive to the yield, resulting in duration drift. Duration drift determines the portfolio's exposure to rate changes, and hence it can be used as a measure of immunisation risk. However, research has barely focused on the properties of...

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...

Electronic distribution channels provide alternatives for faster delivery of banking services to a wider scope of customers. This study aims to understand customers' perception towards the potential benefits and risks associated with electronic banking in Pakistan. The outcomes would help the...

Due to the global economic crisis, cost management and cost cutting have once again become central concerns for many companies. The main objective of this paper is to propose a cost reduction model that would ensure maximum benefit and minimum damage to the company. The cost reduction model in a...

Organisations in the current economic climate might conclude incorrectly that being hard and even abusive to employees will serve a useful purpose. However, we will argue that organisations that will survive the current economic turbulence are those that follow ethical principles by managing...