Open economy macroeconomics is a major focus of research interest stimulated in part by the increasing interdependence of the world economy and by the move towards floating exchange rates. This important new book addresses several central issues in the macroeconomic theory of different forms of...

Numerous studies have shown that returns on stocks and futures can to some extent be predicted over time, and that for developed financial markets, the predictions are compatible with the beta-asset pricing (APT) paradigm. Increasingly more studies have been undertaken of the veracity of such a...

In this empirical study, it is considered whether FDI has directly induced long-run effects on output in a selection of East Asian countries or whether such an influence, if any, has been transmitted indirectly through spillover effects. The Johansen cointegration methodology and resultant VECs...