Why was it that the Korean economy, which had been envied and imitated by other developing economies for the past 30 years, suddenly spiraled into a currency-induced crisis late in 1997? How was it possible that such a vibrant economy, which had been developing so rapidly, displaying in fact the most rapid development amongst the Asian nations, was suddenly overcome by such a severe economic do...

Purpose This paper investigates the effect of economic policy uncertainty on value cash before and after global financial crisis. Design/methodology/approach We investigate relationship between excess based valuation model Fama French (1998). Baker et al. (2016) news-based index (BBD index) is employed to calculate measures uncertainty. Our research sample includes 103,474 observations from 11,...

Article history: Received 6 August 2013 Received in revised form 15 February 2014 Accepted 17 February 2014 Available online 5 March 2014 The recent global financial crisis has sparked a renewal of debate on the choice of exchange rate regimes. Creating a tripartite regime classification, the present study examines their determinants for 137 nations spanning the period 1999–2011. I find that tr...

every country actively and initiatively takes all kinds of policy steps to improve the international competitiveness of its industries and therefore improve national integrated competitiveness for the purpose of gaining economic benefits under the context of economic globalization. therefore, studies of moreover, projects launched by the cluster had to be endorsed by the growers and one criteri...

This paper introduces the measure of instantaneous correlation to study the effects of a common currency on cyclical correlation and convergence in the euro zone. Conventional, backwardlooking measures of correlation are not appropriate for a dynamic currency union. An accurate measure of cyclical correlation must account for the change in economic structures due to a common currency and the co...