This paper investigates the empirical relationship between intraday volatility and trading volume. Our primary dataset consists of 5-minute returns and trading volumes for the period between January 1, 2000 and December 31, 2002, for a subset of thirty-nine stocks from the Shanghai Stock...

This paper investigates the empirical relationship between intraday volatility and trading volume. Our primary data set consists of 5-minute returns and trading volumes for the period between January 1, 2000 and December 31, 2002, for a subset of thirty-nine stocks from the Shanghai Stock...

After examining both the interday and intraday return volatility of the Shanghai Composite Stock Index, it was found that the open-to-open return variance is consistently greater than the close-to-close variance. The volatility of interday returns and variance ratio tests with five-minute...

The objective of this chapter is to evaluate the theoretical debate on the choice of an exchange rate regime in light of the empirical evidence with a view to suggesting appropriate exchange rate regimes that are conducive for poverty reduction. Due to its obvious implications for poverty, the...

There is now a consensus that economic growth is a dominant determinant of poverty. That is, poverty reduction requires sustained economic growth significantly above the population growth so that per capita income continues to rise. Economic growth raises mean income and reduces the proportion...

This paper will attempt to provide a comprehensive review and introduce the concept of international financial integration. In addition, it provides a review on the available indicators used as proxies for international financial integration in empirical studies. It also proposes a more detailed...

This article examines the effects of public infrastructure on the productive performance of 12 two-digit Canadian manufacturing industries. A flexible cost function incorporating public capital infrastructure is estimated for each industry separately using annual time series data for 1961-1995....

Mitchell and Mosler (M&M) in their paper provide a critique of neoclassical remedies for unemployment and recommend a job guarantee scheme that they argue would lead to permanent full employment. The fundamental underpinning of their analysis is that unemployment is due to a lack of aggregate...

This year marks the twentieth anniversary of the Australian Labor Party's accession to power as the Federal government. It might be opportune, therefore, to revisit Labor's legacy in terms of industry/trade policies. Contrary to the optimistic assessments and the rhetoric about the ostensible...

High unemployment in most OECD countries seems intractable. The reduction of unemployment rate to an acceptable level requires a growth rate of the economy well in access of the current rate. However, policy makers are uneasy of pursuing an expansionary policy for the fear of igniting...