The purpose of this article is to find a reasonable and affordable price until the government accumulate surpluses and establish rehabilitation programs that aim to cover the expenses of the poors, and the beggars related to health, accommodation, food, water, education, and employment. The same...

This article aims at testing empirically the major building blocks that affect the performance of emerging markets hedge funds: incentive fees, management fees, size, age, hurdle rate, high watermark provision and lockup period. Emerging markets hedge funds invests primarily in countries that...

In this article, we are going to explain the benefits and the costs of economic growth. We will analyze the existence of the third world poverty and debt in Africa. Then, we will analyze in detail the different theories of economic growth and relate them to the Christian Orthodox approach. The...

Credit derivative swap of the Greek market is a financial instrument the value of which is derived from an underlying market value incorporating the credit risk of a bond or a loan. They are used to hedge, to speculate on the spreads through arbitrage. The premium that is incorporated in the...

Dornbusch's model was an attempt to explain the reason of deviation of the exchange rates as a consequence that the purchasing power parity, (PPP), does not hold all the time. The good prices were not flexible in either direction on the IS – LM curve. He tried to explain his model by combining...

The business cycle may be caused due to changes in monetary policy of interest rates, fiscal policy, changes in real wages, consumers and suppliers confidence of demand and supply and inventory cycles. This article examines and eliminates time lags and bandwagon effects in the business cycle of...

Autoregressive Conditional Heteroskedastic models (ARCH), and Generalized Autoregressive Conditional Heteroskedastic models, (GARCH) take into account the non-linearity that arises in the financial time series. Well known anomalies such as the calendar effects, January effect and seasonality's...

The IS – LM model shows the relationship between interest rates and real output. The intersection of LM and IS curves is the equilibrium point. IS stands for investment and saving and is used for fiscal policy. LM stands for liquidity preference and money supply and is used for monetary...

This article focuses on the importance of the traditional theories for the existence of the discount in relation to agency costs namely management performance. The argument that discounts reflect the quality of the management has been investigated in the past but the results were inconclusive....