Asset prices offer useful information for monetary policymakers in the short-term, yet their significant relationship to primary policy-indicators is debated. In one view bubbles are difficult to recognise and central banks should act just against the adverse consequences of their unwinding. The...

This thesis conducts three different empirical studies and finds that some of the pre-2007 risk assessment model could underestimate the systemic risk of the banking sector and justifies an overhaul. First, it simulates the contagion impact of the UK interbank market. Subject to a number of...

Floating exchange rate has recently become more volatile after the collapse of the Bretton Woods system in 1973. Impediments to trade introduce price differentials and deviations from the law of one price and even diminish trade transactions. Uncertainty can be an example of an impediment to...

The newly established Chinese stock market presents us with an interesting case-study of a market which has distinct features and special microstructures. This thesis focuses on the investigation of transaction cost, stock holding period and return volatility with a market microstructure...

This thesis mainly consists of three empirical chapters related to understanding the characteristics, economic impact and the demand for gambling in Thailand. Beginning with a review of the theoretical and empirical literature, this confirms that socio-economic and demographic data are important...

This paper discusses the literature on the established determinants of productivity in the retail sector. It also draws attention to some neglected strands of research which provide useful insights into strategies that could allow productivity enhancements in this area of the economy. To date,...

Purpose of the paper: The aim of this paper is to describe and explain the flexibility offered by different business models adopted by different firms as they strive to achieve higher levels of business performance. Research Method: Cross-sectional research is used to investigate a matched pair...

Firms are confronted with the challenge of learning how to develop and manage supply networks, which reduce their operating costs and maximize their effectiveness in the marketplace. In pursuit of such goals they are increasingly turning to the use of dynamic business models. Dynamic business...

Network pictures have been perceived as providing a picture of a company's position within a network ([Ford, D., Gadde, L.E., Håkansson, H., and Snehota, I. (2002), “Managing Networks,” IMP Group in Asia, 11th–13th December.]; [Ramos, C., Ford, D. and Naudé, P., (2005), “Developing...

Companies face difficult decisions regarding their management of business relationships; how much resource should they commit, when and with whom? The decisions managers make about these issues provide a ‘frame’ for their business relationships and thus a structure for their surrounding...