This paper examines the social economic value of the Greenland off-shore shrimp fishery. The contribution of the fishery to the economy is examined using a cost-benefit analysis where the objective of the report is to examine the current state of the fishery rather than possible changes, which...

"If Thai shrimp farming were taxed, how much should it be?" is the key re-search question of this paper. The dynamic-constraint optimization model in-corporating accumulated nutrient load from farm discharges is applied in the analysis. The model implies some tax has to be imposed on stock...

This paper identifies the optimal options of Krabi's coastal land use to facilitate the final planning decision. Through compromise programming approach, the optimization models with respect to the weights assigned to two objectives of maximizing the net private and environmental benefits are...

The implementation of voluntary adoption of the Code of Conduct (CoC) to promote environmental responsibility and sustainable development of Thai shrimp industry is examined. Farmers' perceived- benefits, risks and uncertain-ties associated with the adoption and their perceived extra fixed cost...

This paper explores the tradeoff options for optimal coastal land use in Krabi's coastal land development zone (CLDZ). Maximizing the net private benefit and maximizing the net environmental benefits, subject to the constraints set by land availability, effluent discharge from shrimp farms, and...

The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...

The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...

The paper analyses whether, and to what extent, emerging market economies (EMEs) have systemic importance for global financial markets, above and beyond their influence during crises episodes. Using a novel database of exogenous economic and political shocks for 14 systematically relevant EMEs,...

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...