We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each “reserve maintenance period,” when the...

This paper uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel...

Развитие экономической реформы в жилищном секторе экономики выдвинуло качественно новые требования к оценке активов жилищно-эксплуатационных предприятий....

This article is concerned with the significance of individual localization factors during the decision-making of economic subjects regarding the location of their businesses. In the first phase of the research, the investigated localization factors were divided into four groups into regional,...

The paper proposes a new approach for analysing the stability of Composite Indicators. Starting from the consideration that different subjective choices occur in their construction, the paper emphasizes the importance of investigating the possible alternatives in order to have a clear and...

In this paper we investigate several tests for the hypothesis of a parametric form of the error distribution in the common linear and nonparametric regression model, which are based on empirical processes of residuals. It is well known that tests in this context are not asymptotically...

In this article, the authors define a methodological framework for analyzing the relationship between state sequences and covariates. Inspired by the principles of analysis of variance, this approach looks at how the covariates explain the discrepancy of the sequences. The authors use the...