"This timely book explores the measurement and consequences of financialisation, as well as its driving forces, to take a fresh look at reconciling the twin concepts of financialisation and financial development. Imad Moosa provides a critical review of these two separate strands; the individual...

The COVID-19 pandemic has impacted every aspect of our lives. The economic effects include the adverse consequences for economic growth, international trade, and foreign direct investment. This paper presents stylised facts about the fall and rebound of FDI inflows as a result of the pandemic....

Purpose The primary objective of this paper is to explore the robust determinants influencing the infection rate and case mortality rate of COVID-19 in both developing and developed economies. The analysis is conducted using a dataset encompassing 148 countries. Design/methodology/approach To...

This paper presents a critique of the theoretical and empirical work on the PPP hypothesis since it was formalised by Cassel early this century. Two issues are addressed: the distinction between absolute and relative PPP, and between short-run and long-run PPP. It is argued that the distinction...

The main argument put forward in this paper is that a currency board is the optimal exchange rate regime for Iraq under the present conditions. The main alternative of managed floating is ruled out as being inappropriate. It is also argued that the exchange rate regime in the case of Iraq should...

In this paper it is demonstrated that the operational hedging techniques of risk sharing and currency collars can be as effective as forward hedging in reducing transaction exposure to foreign exchange risk. For this purpose we use historical data on the exchange rates of the Kuwaiti dinar...

The determinants of the volatility of crude oil futures prices are examined using an intra-day range-based measure of volatility. The paper employs two distinct approaches: one is to present a contract-by-contract analysis within the sample period, and the second is based on constructed series...

We test the proposition that international diversification is effective in reducing risk. The traditional underlying argument is that low correlations of international stock returns make the variance of an international portfolio lower than the variance of a purely domestic portfolio when long...