The volume of Japanese direct investment in the United States is steadily increasing. The 400-million-dollar plant constructed by N Motor Company to manufacture trucks in Tennessee is a recent case. Another case concerns a medium-sized enterprise that supplies components to larger firms, which...

This paper argues that conventional tests of financial market integration may be misleading because they neglect to consider two important issues: (i) testing the existence of transaction costs and (ii) testing the existence of structural change. While the existence of transaction costs may...

The goal of this paper is to examine the impact of exchnage rate uncertainty on foreign direct investment (FDI) flows from European Union (EU) countries (the source countries) into Greece (the host country). Measuring exchange rate uncertainty through the ARCH methodology, the empirical results...

This article discusses a hot topic - the cooperation and union of finance in Hong Kong and Shenzhen. It analyzes the problem from three aspects: unionization of the two currency (Hong Kong dollar and Yuan) regulations, harmonization of the two financial systems, and conjunction of the two...

Carry trade refers to a risky arbitrage in interest rate differentials between two currencies. Persistent excess carry trade returns pose a challenge to foreign exchange market efficiency. Using a data set of ten currencies between 1990 and 2017, we find: (i) a machine learning model, long...

Despite the huge number of studies in relation to the FDI, studies on the nexus between FDI and stock market development in GCC are still limited. This paper investigates the impact of FDI on stock market development in Gulf Cooperation Council countries that have become an important economic...

This study proposes to investigate the link between Real Exchange Rate and Economic Growth in ten Asia - Pacific countries and aims to study how Real Exchange Rate (RER) and Economic Growth (EG) were related to each other. This study decomposed the linear relationship between RER and Economic...

The main purpose of this study is to examine the causal relationship between Real Exchange Rate and Economic Growth Variables in the Asia – Pacific region. Granger Causality Test was employed, to examine the causal relationship between the dependent and independent variables, with the sample...

Tourism is evolving to be one of the important sectors in the world's economy. This study explores the relationship of tourism and FDI inflows along with macro-economic variables in Pakistan over the period ranging from 1979 to 2017. Augmented Dickey-Fuller test results indicate the presence of...

The majority of households across emerging market economies are excluded from the financial markets and cannot smooth consumption. I analyze the implications of this for optimal monetary policy and the corresponding choice of domestic versus external nominal anchor in a small open economy...