Foreign Exchange rate movement is one of the most important indicator for investors decision to invest in the Foreign Exchange and Forex markets. The development of this market and gaining stability of this progress is possible through the investment of the investors. If investors invest keeping...

In the spatial econometrics literature, spatial error dependence is characterized by spatial autoregressive processes, which relate every observation in the cross-section to any other with distance-decaying intensity: i.e., dependence obeys Tobler's First Law of Geography ('everything is related...

I study the pricing of American Depositary Receipts around FOMC meetings to identify the impact of US monetary policy on managed exchange rates. ADR investors assess the domestic central bank’s reluctance to maintain a currency peg regime if the costs of mimicking policy rate increases in the...