Purpose Illicit trade is pervasive in many nations and may be influenced by the level of national IQ. The current interdisciplinary paper aims to study the association between national intelligence and illicit trade across nations. Design/methodology/approach The illicit trade index scores for...

Purpose – The purpose of this paper is to re‐examine the structural origins of international crude oil price fluctuation. Design/methodology/approach – The paper establishes a structural vector autoregression model based on the generalized supply and demand analysis of crude oil price...

Purpose This study aims to compare the safe-haven properties of different asset markets such as gold, dollar, oil and disaggregated real estate sector (house, plot and residential) against equity returns in Pakistan over the monthly period of January 2011–December 2020....

Purpose – Financial globalization and global imbalances are two facets of the same phenomenon, which has resulted in the worst global economic and financial crisis since the Great Depression. The purpose of this paper is to analyze the complex interaction of several mutually reinforcing trends...

Purpose – The authors make assessment on RMB valuation and to contribute to the fierce debate on this important issue, which is perceived to have a great effect on the improvement or deterioration in trade balance. A triangular analysis approach is put forward and empirical assessment is made....

Purpose – The random walk forecast of exchange rate serves as a standard benchmark for forecast comparison. The purpose of this paper is to assess whether this benchmark is unbiased and directionally accurate under symmetric loss. The focus is on the random walk forecasts of the dollar/euro...

Purpose – The purpose of this paper is to undertake an econometric investigation of the determinants of the nominal South African rand/US dollar exchange rate before and after the country's financial liberalisation in March 1995. Design/methodology/approach – Regression models are used to...

This study empirically examines the effectiveness of Fed intervention on the USD/DM exchange market using an event study approach. The event window is defined as 4 (8) days prior/post an intervention. Based on the empirical analysis, the results show that when the Fed follows an "against the...

The link between foreign exchange and stock markets has numerous practical business implications. If international diversification strategies are to be successful, these markets should display low levels of correlation. In addition, understanding the determinants of asset volatilities, as well...