This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...

The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...

North American Free Trade Agreement (NAFTA) was created to help to improve the economic well being of the people in the member countries. NAFTA did improve the trade balance and foreign direct investment of Mexico. NAFTA also improved the trade balance and employment rate in Canada. However, the...

During the job application and interview process, there is a natural tendency for applicants to stress attributes that they possess and that they also believe are being sought by hiring organisations. Due to cultural differences, applicants may be unwittingly contributing to bias in personnel...

Rapid population growth has significantly increased the magnitude of water shortages in California. Although water shortages already exist, some of the state's utility systems are still not providing their residents with financial incentives for water conservation. Instead of using water meters...