This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.

This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.

Income inequality may influence macro-economic variables by affecting the money multiplier and the trade-off between inflation and output. In an AD-AS model with imperfect foresight income inequality intensifies the volatility of output and inflation rate by increasing the likelihood of...

We present a model for pricing and hedging derivative securities and option portfolios in an environment where the volatility is not known precisely, but is assumed instead to lie between two extreme values σminand σmax. These bounds could be inferred from extreme values of the implied...

The performance of an advanced triple-pressure level (TPL) single-stage absorption cycle with refrigerant R125 and various organic absorbents were studied. In the developed TPL cycle, a jet ejector of a special design is added at the absorber inlet. The device serves two major functions: it...

This paper proposes an integrative and dynamic approach for analyzing business failure. The simulaneous estimation results obtained with Australian data indicate significant associations between bankruptcy rates in different industries. Most of these associations are positive and hence implying...