10 articles in this issue
Muhammad Jamil,Erich W. Streissler,Robert M. Kunst
We explored the impact of exchange rate volatility on industrial production before and after the introduction of common currency for eleven European countries included in European Monetary Union and for four European countries that did not adopt ‘Euro’ as... see more
Aymen Ben Rejeb,Ousama Ben Salha,Jaleleddine Ben Rejeb
The main purpose of this paper is to compare empirically four Value-at-Risk simulation methods, namely, the Variance-Covariance, the Historical Simulation, the Bootstrapping and the Monte Carlo. We tried to estimate the VaR associated to three currencies ... see more
Buscemi Antonino,Yallwe Hagos Alem
The neoclassical growth models argued that the movement to steady states; technology, exogenous rate of savings, population growth and technical progress stimulate higher growth levels (Solow 1956). Contrary to the neoclassical argument, endogenous growth... see more
Saban Celik
The purpose of this paper is to give a comprehensive theoretical review devoted to asset pricing models by emphasizing static and dynamic versions in the line with their empirical investigations. A considerable amount of financial economics literature dev... see more
Seyyed Ali Paytakhti Oskooe
This study examines whether the nonlinear adjustment dynamic of stock returns to the equilibrium level in an emerging stock market is symmetrical or asymmetrical. The empirical results suggest that the data generating process of Iran stock returns series ... see more
Ahmet Ozcan
In this study, the relationship between macroeconomic variables and Istanbul Stock Exchange (ISE) industry index is examined. Over the past years, numerous studies have analyzed these relationships and the different results obtained from these studies hav... see more
Bettina Lis,Christian Nessler,Jan Retzmann
In this paper we are testing whether the impact of oil prices is different on the overall market and automotive companies. In addition we investigate, if this relationship is nonlinear. For this we use stock return data of US, German and Japanese car comp... see more
Emine Kilavuz,Betül Altay Topcu
The correlation between growth in export and economic growth, which is called “Export-led Growth Hypothesis” in the literature, is still a current issue in both the theoretical and empirical literature. In the present study, the effect of different classi... see more
Yi Hsien Lee,Khatanbaatar Sodoikhuu
The main purpose of the paper is applying filter rules to examine the efficiency of foreign exchange. This paper uses three strategies of filter rules (buy long, sell short, buy long and sell short strategies) to test the performance of the transacti... see more
Muhammad Shahbaz,Nuno Carlos Leitao,Muhammad Sabihuddin Butt
This study examines the determinants of intra-industry trade (IIT) between Pakistan and trade patterns in the period 1980-2006, using a static and dynamic panel data approach. In the recent years, the government of Pakistan had realized factors to liberal... see more