Purpose – This research paper aims to discuss the effects of exchange rates on interest rates by using wavelet network methodology, which is a combination of wavelets and neural networks. Design/methodology/approach – The paper employs wavelet networks to analyse the relationships between...

Purpose – This research paper aims to discuss the effects of exchange rates on interest rates by using wavelet network methodology, which is a combination of wavelets and neural networks. Design/methodology/approach – The paper employs wavelet networks to analyse the relationships between...

Purpose The purpose of this paper is to discuss more efficient mechanisms of regulation in the financial system. Design/methodology/approach The authors developed a theoretical two-period model of financial flows (FFs) that considers households, banks, and a social planner. Findings It is...

Purpose – The purpose of this paper is to construct a robust macroeconomic performance (MEP) index of the State economies of an emerging market economy, i.e. India. Design/methodology/approach – Two variants of data envelopment analysis (DEA) models – radial and non-radial – are proposed...

Purpose – Traditionally, remittances have been analyzed in the context of their socioeconomic impact on the receiving communities. Consequently, little is known about the macroeconomic factors that influence their behavior. This paper aims to evaluate the importance of several macroeconomic...

Open economy macroeconomic models generally overlook the effects of international migration and remittances on income and welfare. A two-country temporary equilibrium model is presented which incorporates trade theoretic elements of international migration and remittances. In the model, an...

The aim is to integrate the dynamics of asset accumulation for open economies with the conflict theory of wage and price formation. This synthesis allows us to assess the results obtained in the mainstream asset market models based on an atomistic view of the economy, analyse the influence of...

Purpose – The purpose of this paper is to survey literature on macroeconomic nonlinear dynamics. Design/methodology/approach – The paper identifies five influential types of models where the possible generation of endogenous cycles and chaotic motion arises. First, the frameworks that make...

Purpose – The aim of this paper is to investigate the impact of exogenous shocks of remittances on consumption, investment, imports and output in five Mediterranean countries. Design/methodology/approach – This paper builds a Keynesian type econometric model with a dynamic perspective and a...

Analyzes dynamic linkages between stock prices and four macroeconomic variables for the case of Malaysia using standard and well-accepted methods of cointegration and vector autoregression. Empirical results suggest the presence of a long-run relationship between these variables and the stock...