The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980's the statistical discrepancy in Australia has grown significantly in size and variance. In the paper we demonstrate that the overwhelming contribution to the size of the...

In most subjects that students complete as part of a Business or Commerce degree they are typically assessed by way of submitting a written essay and sitting for an exam. A student should be able to show in their written essay that they understand topics covered in the subject and have gained...

In this paper we propose a framework for studying possible causes of excess exchange rate volatility. The framework consists of a generalized Dornbusch model of exchange rate dynamics, involving imperfect substitutability between assets, lagged nonlinear protfolio adjustment and les than...

This paper examines the relationship between the price bid for a takeover target, the probability of the bid suceeding and the target's price over the course of the bid. We test and reject Samuelson and Rosenthal's (1986) expected value hypothesis. We find that over the bid, the price of the...

In this paper we report preliminary empirical results on the issue of the interaction of the investment and financing decisions in the Australian context. The investigation was implemented on a sample ranging from 144 to 221 firms for the period from 1980/85. Strong support for the hypothesis...

NESB immigrants continue to bear the greatest burden of economic recession and economic restructuring in Australia in the 1990s. Some, like the Vietnamese and Lebanese, continue to have rates of unemployment four to five times the national average. There is the danger of the emergence of an...

This paper reports on the implementation of a pilot program aimed at improving student writing in a intermediate macroeconomics course. The Program attempted to reduce what is labelled the <i>expectations gap</i> between student and academic perceptions of what constitutes "good writing". This was done...

This paper examines the possibility that financial contagion may be spread from one bank to another via the Australian payments system. The initial study of payments system risk was undertaken by Humphrey (1986) who found significant risk in the U.S. Fedwire system in the mid 1980s. Subsequent...