The inevitably large influence of fast-growing China and India on global financial markets creates a global interest in their getting their capital account liberalisation right (Tseng and Cowen, 2006; Winters and Yusuf, 2007; Bussière and Mehl, 2008). Both economies have set further capital account opening as their medium-term policy goal (RBI, 2006; SAFE, 2008). An understanding of the challen...

Article history: Received 8 December 2011 Received in revised form 29 August 2013 Accepted 31 August 2013 Available online 17 September 2013 The paper aims to shed light on the role of communication in the European debt crisis. It examines the effects of public statements by ECB Governing Council members, EU officials and national representatives on the PIIGS' CDS and bond yield spreads. The fo...

The European Union and its Member States are seeking to decarbonize their energy systems, including the electricity sector and, at the same time, pursue market integration. However, renewable energy (RE) deployment and the liberalization of the energy-only market have raised concerns at the national level about the security of electricity supplies in the future. Some actors consider the lack of...

We applied the Johansen-Ledoit-Sornette (JLS) model to detect possible bubbles and crashes related to the Brexit/Bremain referendum scheduled for 23 June 2016. Our implementation includes an enhanced model calibration using Genetic Algorithms. We selected a few historical financial series sensitive to the Brexit/Bremain scenario, representative of multiple asset classes. We found that equity an...

This paper investigated exchange rate and stock price volatility connectedness spillover in Brazil, Russia, India, China, South Africa (BRICS) during pandemic-induced crises. We first extracted using the Generalized Auto-Regressive Conditional Heteroskedasticity (GARCH) model. Then were by (Diebold Yilmaz, International Journal of Forecasting, 28(1), 57–66, 2012) method. find that return volati...

OBJECTIVES Drug safety and postmarketing surveillance have become important public health issues in China. This study reviews the relatively new drug safety surveillance system in China and compares it with the systems in the United States and Europe. METHODS An extensive literature review was conducted in the following four areas: 1) the organizational structure of the State Food and Drug Ad...

European Union economies are pressed by (i) a demographic change that induces population ageing and a decline of the workforce, and (ii) a split labour market that is characterized by high levels of unemployment for low-skilled people and a simultaneous shortage of skilled workers. This lack of flexible high-skilled workers and the aging process has created the image of an immobile labour force...