This paper examines the performance of implied correlations in forecasting subsequently realized correlations between exchange rates. Implied correlations are derived from sets of implied volatilities on the three exchange rates in a currency trio. We compare the forecasting performance of the...

The aim of this paper is to analyse the projects within the Community Initiative Interreg II Spain-Morocco (1994-1999) designed to develop cross-border cooperation. This work does not attempt a full evaluation of the programme.It is a preliminary study necessary to develop a final evaluation...

Retail banks serving ethnically diverse customer bases are challenged to measure up to differing perceptions of service quality. While there is existing research about customer satisfaction and service quality in the banking industry around the world, there are no clear conclusions as to the...

Using the 2014 Nielsen Homescan panel data, the Heckman two-stage sample selection model is used to estimate the likelihood of purchasing organic or conventional flour as well as the quantity purchased of organic and conventional flour. A number of demographic variables are found to be...

Recently there has been a great deal of interest in modeling volatility fluctuations. ARCH models, for example, provide parsimonious approximations to volatility dynamics. Here we provide a selective amount of certain aspects of conditional volatility modeling that are of particular relevance in...

Platforms are ubiquitous, and their adoption is on the rise in the business to business (B2B) world. However, economic theory characterizing the drivers their adoption has lagged. In the few cases where B2B platforms have been explicitly examined, it is often assumed that they can be understood...

This paper deals with market power and information issues in the ongoing process of the European Electricity Market. We present a regulatory game played among the key group of utilities, the customers and the regulatory authority. The development of the game allows us to state for a clear...