This paper takes the form of an event study surrounding the current financial crisis. It proposes a theoretical relationship which can be used to model traditional carry trade crosses on a daily return basis as a negative function of equity returns and a positive function of market volatility....

This paper takes the form of an event study surrounding the current financial crisis. It proposes a theoretical relationship which can be used to model traditional carry trade crosses on a daily return basis as a negative function of equity returns and a positive function of market volatility....

I use Forex trading data to study how risks associated with the lack of liquidity contribute to the dynamics of 17 spot exchange rates through their time-varying contributions to risk premia. I find that liquidity risk matters. All the foreign exchange risk premia compensate investors for...

This paper provides a broad analysis of the effect of the current financial crisis on global equity markets and their major components. We also examine the magnitude of the crisis in terms of value destruction in comparison to other market crashes. In brief, upon looking at return performance...

This paper discuses the role of USAID in the development process in Egypt. It discusses the USAID role in Egypt in some sectors with more focus on USAID/Egypt economic growth, more specifically the Technical Assistance for policy Reform II (TAPRII). I will discuss the items of the program that...

This paper discuses the role of USAID in the development process in Egypt. It discusses the USAID role in Egypt in some sectors with more focus on USAID/Egypt economic growth, more specifically the Technical Assistance for policy Reform II (TAPRII). I will discuss the items of the program that...

In the debate on the benefits and costs of international financial integration recent literature has emphasized thresholds in the development of domestic markets as preconditions to benefitting from international integration. This paper offers an alternative view - that of development of...

Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that...

There is a presumption that fixed and flexible (floating or market-determined) exchange-rate systems are equivalent if prices are flexible. We show that the presumption does not hold in two matching models of money. In both models, (i) currencies are the only assets and all trade is spot trade;...

The key to success is to institutionalise integrative thinking in your organization and among employees within co-operative yet highly competitive environments. Therefore, the next section of this paper lays out a general discussion of globalisation versus internationalisation in which an...